85% of family offices eye increased ESG investment in 2022: survey

Two-thirds of them are planning to increase allocations by more than 10%.

About 85% of family offices plan to increase their ESG investments in 2022, a survey from Family Office Association Hong Kong (FOAHK) showed.

From those eyeing to ramp up investments, 64% said they plan to increase allocations by more than 10%, whilst about 36% want to increase by more than 20%.

Investments (59%) is amongst the top five priorities of family offices for 2022, along with family governance (52%), tax planning (42%), succession planning (39%), and digital transformation (38%)

Last year, about 79% of the professionals surveyed from the family office industry have already allocated assets to ESG or impact investing.

Over half (52%) allocated 10% or more of their portfolio to ESG/impact investing, with 27% allocated 20% or more.

FOAHK Chairman Chi Man Kwan said the survey findings show that the “family office industry continues to mature and play a significant role in society and the wider financial ecosystem.”

“We are pleased to see that family offices in Hong Kong are already at the forefront of ESG/impact investing, and increasing the momentum this year with meaningful allocations to make a difference for our future,” the FOAHK chairman added.