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Rich Families Pour Wealth Into $31 Trillion ESG Opportunity

Sept. 16, 2019, 4:41 PM

Super-rich families are increasingly including sustainability and ethics in founding principles of their private investment firms, according to Fabrizio Campelli, Deutsche Bank AG’s global head of wealth management.

“Family offices are now putting ESG in their investment charters,” he said, referring to environmental, social and governance matters. There are some family offices in California that can’t invest less than 40% of their assets in ESG, he said.

Fabrizio Campelli

Demographic shifts are encouraging a surge of activity designed around investments to combat climate change, address inequality or simply to encourage companies to operate in a more sustainable fashion. Assets ...

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