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Lakestar has seen an increasing level of scrutiny on environmental, social and governance (ESG) themes within the venture capital (VC) industry. The introduction of the Sustainable Finance Disclosure Regulation (SFDR) requiring mandatory reporting, the continued conversations on climate risk and the push for greater diversity amongst the workforce are just some of the topics driving the conversation on responsible investment and ESG. We will share some of the challenges we are seeing along with the initiatives we are undertaking in response.

Godrej family set to divide $4.1 billion empire

Godrej Group, the $4.1 billion family-controlled empire that declares it positively impacts the lives of one-third of India’s population every day, looks set to be amicably split between two branches.

The fourth-generation families of patriarch Adi Godrej (pictured left), 79, and his younger brother Nadir Godrej (pictured below), 70, are working on dividing the 124-year-old diversified group with their cousins Jamshyd Godrej, 72, and Smitha Godrej Crishna, 71, insiders reported.

Family principals engaged in sustainable investing welcome the rising interest among private wealth holders in investing to tackle the climate crisis, but some warn real world action must follow and insist families can take the lead in positive change.

Some families said they see environmentally sustainable investing as a way for private and public investors to collaborate. Others see the discipline as a core family business value, or as part of a broader trend in environmental, social and governance investing over centuries.

Attention to strategies for the management and continuity of the assets of entrepreneurial families in Italy has grown considerably in recent years, as has the role and scope of family offices.

Family offices are by definition the custodians and controllers of these—often immense—family assets and today represent a truly diverse universe.