A new report from the World Economic Forum ‘Impact Investing: A Primer for Family Offices‘ provides high-net worth families with the tools for better understanding impact investing and outlines potential approaches for exploring impact investments.
The report identifies impact investing as an emerging investment approach that can help family offices align their values with their financial goals, and finds family offices uniquely positioned to play a catalytic role in the growing impact investing sector.
“Family offices can and likely will play a unique and important role in bringing scale to the impact investing sector in the coming years.
“Impact investing enables high net worth individuals to be explicit about their shared values and to reflect them in their investment and wealth management decisions. In addition, an impact investing strategy aligned with family values can help to engage a younger generation in the leadership and management of a family office.
“One of the main goals of this primer is to help family offices interested in impact investing to begin to understand how they can put it into practice. It offers useful frameworks and insights for multi-family offices, family businesses, family foundations and high-net-worth individuals as well as policy-makers and advisers.
“Each family office’s motivations, operational contexts and goals for impact investing are unique – there is no standard course that fits every family… rather than prescribing a single approach, the primer offers high-level frameworks and disseminates insights that are the result of extensive conversations with family offices, family businesses, family foundations and advisers. The goal of this primer is to help interested family offices ask the right questions and take the first steps as they contemplate their path into impact investing.”