The average European family office has invested 16% of their assets sustainably. This is much more than their counterparts in the rest of the world, according to a survey by Blackrock.
According to the Blackrock Global Family Office Survey 2020, family offices worldwide want to put a lot more money in sustainable investments this year. Three quarters of the family offices surveyed want to increase their sustainable investments this year. Although there are significant regional differences, family offices in general have a lot of catching up to do. US family offices have invested 10% of their AuM in sustainable investments (SRI). For their Asian and Latin American counterparts, this is respectively 7% and 3%.
Only a quarter of family offices worldwide currently has more than 10% of their assets under management invested sustainably. Next to sustainable investing, ‘alternatives’ are the other main priority for family offices going forward. Half of the family offices surveyed want to increase their allocation to alternatives in the next 5-10 years. Only 5% expect a reduction. Private equity, private debt and infrastructure are especially popular.