10 December 2021

Governance underpinning purpose

By Robert Moore, Director – UK, Jersey Finance

The challenges arising from the 2020 global pandemic have undoubtedly permeated throughout all businesses, causing many to reflect on the how and why of what they do. For family offices, this introspection has accelerated thinking around best practice in the sustainable finance and ESG space by analysing how attitudes are changing and the role governance plays in helping families meet their investment goals.

Today, with sustainability in both business and investment strategies higher on the agenda than ever, the importance of effective governance around key elements such as succession planning and formalised family values is being seen in a far broader sense – that of bridging the founding and future visions of the family to safeguard a legacy while also impacting positively on the world.

As such jurisdictions, such as Jersey, with a strong reputation in governance as well as responsiveness to increasingly complex international regulatory and transparency initiatives, will be a clear choice for family offices. Remaining at the forefront of such an evolving, dynamic private wealth sector will also be imperative and is one reason why Jersey Finance launched its own sustainable finance strategy and vision, aimed at making Jersey the leading international finance centre for sustainable finance in the markets it operates in by 2030.

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