Philanthropy
Adiraj Gupta, the next generation co-founder of startup incubator Impact Launchpad, says interest in sustainability has increased among investors in the wake of Covid-19, but calls for greater co-ordination and data gathering to deliver real positive change.
Family philanthropists agree the Covid-19 pandemic has accelerated their sustainable investments, not only driven by their re-evaluation of wealth with purpose priorities, but also by changing consumer expectations and gainful market returns.
In a post-pandemic world, many new opportunities and challenges lie ahead for family-owned businesses and business families.
Family principals engaged in sustainable investing welcome the rising interest among private wealth holders in investing to tackle the climate crisis, but some warn real world action must follow and insist families can take the lead in positive change.
More resilient first-generation wealth holders in China, lagging behind global peers in formalising their inheritance plans, are opening family offices to train and support their solitary “ill-equipped” next generation successors in wealth preservation, investments and philanthropy.
Wealthy families, foundations and individuals with an estimated total net worth of $328 billion are accelerating their interests in sustainable and impact investing to an unprecedented level, propelled by the Covid-19 pandemic and climate crisis.
Editor's Pick