Consulus, together with Frost and Sullivan, launched FamilyCORE, a new strategic joint solution that aims to map and scale the impact of Family Offices (FOs) in Singapore and the region through innovative approaches and by linking them to other organizations in Southeast Asia.
The launch was made during the Shape the World Summit (STWS) held at Changi Jewel, Singapore on 21 June 2024.
According to Lawrence Chong, Group CEO of Consulus, this partnership through FamilyCORE will “matter” as both companies intensify efforts to “help family offices in being effective” in their impact at “a time of multiple[crises].”
Through joint efforts, the following specific outcomes are expected to be implemented in the coming years:
- Publish a paper on how FOs measure impact investing and their experiences
- Develop an index to rank FOs in Singapore based on feedback from a whitepaper
- Evaluate an FOs current portfolio to assess their impact investing intent, experience, commitment, process, and management
- Reach out to identify areas needing financial support that Family Offices can fund to accelerate the attainment of an Economy of Communion (EoC)
The collaboration between Consulus and Frost & Sullivan addresses several challenges faced by FOs, particularly in Singapore, to drive “meaningful change and innovation within Family Conglomerates and Family Offices.”
About Frost & Sullivan
Frost & Sullivan is a business consulting firm specializing in market research and analysis, growth strategy consulting, and corporate training. With a team of growth coaches based in 45 global offices and a deep understanding of global value chains, Frost & Sullivan excels in identifying growth opportunities across various sectors.
About Shape the World Summit
Shape the World Summit (STWS) was started by Consulus in 2005 with a simple mission: to get Changemakers to rethink their purpose and make a difference in shaping a better world. Since the first event in Singapore, more than 6,000 leaders have attended STWS, which has been held in countries such as Bangladesh, the Philippines, Singapore, Sri Lanka, Myanmar, Thailand, Vietnam, and Malaysia. In 2025, it will be held for the first time in Rome, Italy.
Over the years, the event has featured various changemaking themes, including “Designing Sustainable and Smart Cities,” “Designing a More Equitable Economic System,” and “Future Resilience by Sustainability: Building Sustainable Movements While Navigating a New World of AI and Data. The theme of the 2024 Summit was ”Creative Change Movements.”
About Consulus
Consulus is a global creative change firm serving persons, companies, and cities in their transfiguration for an Economy of Communion (EoC). Consulus believes that purpose and unity are essential for innovation and inclusive growth. Since 2004, Consulus has implemented systemic innovation solutions with multidisciplinary business and design capabilities throughout the Americas, Africa, Asia, and Europe. With a presence in 23 nations globally, Consulus believes in shaping an inclusive socio-economic system and is a member of the EoC network.
