Investment landscape in Hong Kong shifts, with 90% of family offices adopting Environment, Social, and Governance (ESG) principles, positioning the city as a significant center for impact investments.
In a significant development for the impact investing community, the Sustainable Finance Initiative (SFI) - a Hong Kong-based impact investing network led by CEO Katy Yung - has revealed that nearly 60% of family offices worldwide have at least 10% of their investments in environmental, social, and governance (ESG) related projects.
The annual survey, conducted by unspecified sources, indicates that family offices, known for their focus on generating high returns, are not only maintaining their interest in ESG investments but are also refining their strategies to capture the twin benefits of social impact and robust returns.
Katy Yung, the Managing Partner and CEO of SFi, stated that the results of the study show a real and genuine commitment to sustainable investment by family offices. She added that these offices aim for their investments to have a positive impact on society and the environment while generating high returns.
The survey did not provide specific details on the ESG projects that family offices have invested in or the exact percentage of total investments that ESG investments account for in the portfolios of family offices worldwide. It also did not specify which countries the 60% of family offices with ESG investments are located. Furthermore, the survey did not provide details on the remaining 40% of family offices without ESG investments.
Despite these gaps in information, the study underscores the growing trend of ESG investments, particularly in Hong Kong. As a potential family office hub and impact investment centre, Hong Kong's commitment to sustainable finance is gaining momentum.
With nine out of ten family offices globally having ESG investments in their portfolios, it is clear that the focus on sustainable and responsible investing is becoming more widespread. Katy Yung's leadership at SFI is instrumental in driving this movement forward, making Hong Kong a key player in the global impact investing landscape.
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