ImpactAlpha | Asia’s family businesses drive impact in their operations as well as their investments

With their supply chains, their manufacturing and their operations, family business leaders in Hong Kong, Korea, Singapore and other economic hubs in Asia are seeking to future-proof their businesses and the communities they serve.

“We believe family businesses will ultimately play a central role in the capital stack behind impact in Asia, given their multi-generational perspective, tolerance for complexity, and deep roots in the real economy,” Hareesh Nair, chief investment officer of Tsao Pao Chee Group, said at the SFi Impact Summit, an annual gathering of Asia-based asset owners hosted by Sustainable Finance Initiative in Hong Kong.

Nair says TPC, the Singapore-based family investment holding company rooted in maritime logistics and industrial supply chains, deploys the business, investment, advocacy and philanthropy as complementary levers to drive impact at scale. “As a fourth-generation family business, we believe long-term relevance requires adaptation, and this means preparing business for a world evolving beyond industrialization toward greater human and planetary well-being,” he says.

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