An increasing number of wealthy families care about the health of our planet. Data emerging from the Investing for Global Impact report proves this.
Do the world’s wealthy families only aim to get richer? It might be true in some cases but luckily awareness levels have changed over the years. And millionaires are increasingly trying to use their money to change the world for the better. The Investing for Global Impact report proves this.
Investing for Global Impact 2017 is a report by the Financial Times written in collaboration with GIST (Global Impact Solutions Today) and supported by the UK’s Barclays bank. The fourth edition of the report was presented in March in Paris, France. The study is one of a kind as it assesses two macro areas: impact investing, i.e. investments that generate financial return alongside a positive, measurable impact on people and the Planet; and philanthropy, i.e. charitable activities that – contrary to investments – are non-refundable.
The research also stands out for the choice of interviewees. While similar studies usually involve banks, pension funds or insurance companies, Investing for Global Impact focuses on those who manage wealthy families’ assets: foundations and family offices. Foundations are widespread globally but family offices are established mainly in the United States. They’re service companies that manage the assets of one or more wealthy families (in this case they’re called multi-family offices or multi-client family offices). On the one hand they provide advice in the financial, fiscal and philanthropic fields, while on the other hand they manage investments and accounting. They can be independent companies or owned by big banks.
A total of 246 respondents from 45 countries were included in the survey, 35 per cent more than in the previous edition. For the first time researchers took a number of family offices and foundations that aren’t currently involved in impact investing and philanthropy into consideration, in order to comprehend their choices and assess future developments.