Wealthy families already know they must look beyond ESG to their ‘legacy’

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Financial Times 12h ago

Wealthy families already know they must look beyond ESG to their ‘legacy’ - Financial Times

Quick Summary:

Singh adds that they are going further than just investing under an ESG banner, and looking to see how investments can work in complement to their philanthropy.“Clients want a legacy,” she says.

In addition, as ESG ratings do not have a long record, it is still unclear whether a company’s sustainability credentials impact its performance in the future.

According to wealth managers, most wealthy clients look at all the companies they invest in through a sustainability lens, rather than allocating a specific part of their portfolio to these principles.