COVID-19 is testing Asian family offices' commitment to sustainable investing

COVID-19 is testing Asian family offices' commitment to sustainable investing

Photo: Unsplash

As markets tumbled this year, Mary Ann Tsao faced a tough choice. Her fourth-generation family office in Singapore had adopted sustainable investing principles, but the coronavirus was trashing the global economy. Relatives suggested a return to the old ways.

“They’d say ‘don’t lose any money — never mind about the ESG,’” she said. “But we have to ask: what is the purpose of investing money in the first place?”

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