Empowering Next-generation Family Leaders

•Large family-run businesses in Asia are focusing more on sustainability, doing good, creating impact and enabling the next generation. •BFI supports family businesses with education and engagement. •BFI uses a 4G framework for that support: multi-generation success, business growth, a giving mindset, and global connectivity. Founding academic director of Business Families Institute, Annie Koh, and its current academic director, Kenneth Goh, discussed the trends shaping Asia’s leading business families. First published by The Asian Banker at https://www.theasianbanker.com/updates-and-articles/empowering-next-generation-family-leaders

Going Green in Payments Creates Competitive Advantage

With more consumers showing far greater concern about climate change, it’s not surprising that payment companies have started to offer more eco-friendly cards. While some programmes seem formulaic, a few early movers have created innovative cards that really can reduce climate change. Card issuers that develop meaningful products can gain a competitive advantage. (First published by Payments Consulting Network at https://www.linkedin.com/feed/update/urn:li:activity:6963288001732886528/)

Sustainability-focused family offices grow rapidly in Asia

More family offices have a sustainability or ESG mandate, and sustainability is a larger consideration than in the past. -More than half of the family office portfolios in Asia Pacific have sustainable investments -Eighty five percent of family offices in Hong Kong expect to increase their allocation to ESG or impact investing -Family offices invest sustainably for the positive impact on society and because it is the right thing to do for the world First published by Wealth & Society at https://www.wealthandsociety.com/updates-and-articles/sustainability-focused-family-offices-grow-rapidly-in-asia

Partnerships Help Drive Payments Volumes at GoPay

Payments apps are growing rapidly across Southeast Asia, and GoPay has become one of the leaders in Indonesia. PCN Research Director Richard Hartung talked with Vrutika Mody, head of global partnerships and business development at GoPay, to find out more about the competitive advantages of GoPay and the initiatives that have enabled it to succeed. First published by Payments Consulting Network (PCN) at https://paymentsconsulting.com/partnerships-help-drive-payments-volumes-at-gopay.

Setting up Your Own Business

Setting up Your Own Business First published in Living in Singapore, https://issuu.com/singaporeamerican/docs/lis_june-july_22 Setting up your own business can be very attractive for trailing spouses or people who want to escape life in a large corporate. Singapore is ranked second globally by the World Bank for ease of doing business, after New Zealand, and it is indeed easy to set up a business here. You’ll need to plan carefully, though, to make sure you design and structure your business well.

Private capital supports humanitarian aid in Ukraine

While governments are donating billions of dollars in cash or equipment to support Ukraine, private capital from large and small donors alike has a critical role in supporting relief efforts now and rebuilding Ukraine in the future. • Nearly $343 million was raised in response to the crisis in Ukraine. • Reconstruction of Ukraine postwar will be the biggest undertaking in modern European history. • Cash-strapped Ukraine resorts to issuing war bonds. First published in Wealth and Society at https://www.wealthandsociety.com/updates-and-articles/private-capital-supports-humanitarian-aid-in-ukraine

Clothing Causes Climate Change. Lifestyle Changes can Reduce the Impact.

From Levi and H&M to Patagonia and Gucci, brands are starting to create more sustainable clothing. With production of cotton for a single pair of jeans using as much water as a person drinks in 10 years and 65 percent of clothing being made of oil-based polymers, however, clothing could keep causing climate change for decades. The key to sustainability is consumers reducing their environmental impact with an eco-friendly approach to their clothes.

Business leaders must clean up quickly to cash in on COP26

While there was disappointment that delegates at the Conference of the Parties (COP26) in Glasgow did not do more to mitigate climate change, COP26 ended with a commitment to phase-down fossil fuels and a pledge to end deforestation. Although these are country level commitments, but business leaders and companies will be the ones that need to drive the change that stops global warming. More than 100 countries have agreed to cut their methane emissions by 30% by 2030 under the Global Methane Pledge According to International Energy Agency (IEA), global oil demands must drop by 75% to attain net-zero targets. 40% of global energy-related carbon emissions result from the existing buildings according to the World Green Building Council.
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