Business

News Briefs: ESG improves image of family offices; family businesses speed up digitalisation

ESG investing improves the image of family offices

Want to improve your family office’s image than invest in ESG opportunities, according to a recent survey. 

If a family office communicated its choice to invest in ESG, 73% of the public would think more positively of the family involved, according to a survey by UK-based communications agency, Transmission Private. The impact is even more pronounced among younger and female respondents.

“Many successful families have taken a positive and proactive stance on responsible investment for years now; they have been the real leaders in this field over the last few decades and beyond,” says Luke Thompson, a partner at Transmission Private

“Yet while they were the first out of the gate, they have always been reserved about communicating this family choice. Many families and successful individuals have worried that it may look like they are either seeking attention or, even worse, that their altruistic and authentic choices will be mischaracterised as cynical gestures. These new survey results now firmly put that to bed.”

COVID-19 speeds up digitalisation at family businesses

Family businesses throughout Europe are speeding up their commitment to digitalisation in the face of the coronavirus pandemic, according to research from Durham University Business School in the UK. The pandemic has also, according to the research, forced a drastic positive culture change in family firms, creating stronger solidarity and cohesion within the company.

More than half of firms’ CEOs and managers surveyed for the research stated an increased digitalisation in their working practices. Many firms said they already had capability and plans to further digitalise, but the impact of COVID-19 sped up this process and persuaded more reluctant employees to use digital tools. 

Their study surveyed family firms in Austria, Germany, Italy, Liechtenstein, and Switzerland. The firms varied in size and industry, and were all working through crisis management plans caused by the pandemic.

 

 

Subscribe

You will need a Premium Plus Subscription to access this database.

Exclusive news, analysis and research on global family enterprise and private investment offices.

Access to the most comprehensive fully interactive database on global family offices, principal investment offices, and family enterprises.

Check Deal Data, Senior Staff, and New Analysis on more than 500 family/principal investment and holding groups

Already have an account? Login

Subscribe

You need at least a Premium Subscription to read this article.

The most comprehensive information service on the global family enterprise world, featuring exclusive news, analysis, research and data on global family enterprises, family offices, and private investment offices.

Premium

£299

per year

  • Exclusive reports, analysis and commentary
  • Exclusive access to family/private investment office deal information
  • Exclusive interviews with principals and senior management of family/investment offices
SUBSCRIBE NOW

Premium+

£399

per year

  • Access to All of Premium
  • Access to all of FamilyCapital Analytics, our interactive database with more than 500 detailed profiles of family investment groups

More Info

SUBSCRIBE NOW

Already have an account? Login

You've reached the end.

Continue reading free articles by registering as a Member.
Or choose a Premium Plan.

Membership

Free

  • Exclusive reports, analysis and commentary
REGISTER NOW

Premium

£299

per year

  • Exclusive reports, analysis and commentary
  • Exclusive access to family/private investment office deal information
  • Exclusive interviews with principals and senior management of family/investment offices
SUBSCRIBE NOW

Premium+

£399

per year

  • Access to All of Premium
  • Access to all of FamilyCapital Analytics, our interactive database with more than 500 detailed profiles of family investment groups

More Info

SUBSCRIBE NOW

Already have an account? Login

Leave a Reply