Financial Research Associates LLC
Climate Impact & Sustainability Data (2014)
Reporting Period: 2014
Environmental Metrics
ESG Focus Areas
- Sustainability
- Governance
- Operations Management
Climate Goals & Targets
Environmental Challenges
- Managing costs as family offices expand and contract
- Retaining quality staff during office changes
- Determining essential core services and benchmarking costs
- Ensuring long-term sustainability of the family office
- Managing outsourced relationships
- Succession planning
- Risk management
- Maintaining transparency in reporting
- Conflict resolution within families
- Operationalizing philanthropy
Mitigation Strategies
- Outsourcing strategies
- Competitive compensation programs
- Internal controls and agreed-upon procedures
- Risk management frameworks
- Business continuity planning
- Transparency in reporting
- Family constitutions and governance structures
- Third-party oversight
- Succession planning
- Best practices in operationalizing philanthropy