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Guernsey promotes move towards sustainable family offices

5 May 2021

April French Furnell

WE ARE GUERNSEY has produced a new guide, in collaboration with Hodson & Company Limited, which aims to aid the movement towards sustainable family offices and investment practices. It examines ways in which sustainability objectives can be incorporated into investment strategies and structures for sustainable investing.

It also looks at how creating a sustainability framework is useful for effective decision making, why investment powers should be aligned with fiduciary responsibilities and processes for alternative investment dispute resolution.

“Our aim for this guide is to encourage family offices to consider how they can bring in sustainable strategies and practices and we are optimistic that this will help to channel capital from the private wealth sectors to drive action on climate change”, said WE ARE GUERNSEY Green Finance Manager Stephanie Glover.

WE ARE GUERNSEY Chief Executive Rupert Pleasant added: “The importance of good governance is well understood in Guernsey, and we hope that this guide will help family offices to extend their governance practices to build in sustainability.”

“Sustainability investing is the new frontier facing trustees and family offices when considering their fiduciary responsibilities to protect the interests of beneficiaries within the context of threats to the environment and the social fabric and wellbeing of society generally,” said Hodson & Company Ltd Founder Peter Hodson.

 

The full guide can be accessed here.

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