Sustainability

Sustainability

We think in generations, not in quarters

There is no business like Family Business.

Sustainability

With this inherent focus on long term success, business families are natural advocates for a more conscious capitalism as they seek to leave a positive legacy for generations to come.

With values that transcend generations, business families have the potential to truly change the world. With its economic relevance (see hereunder), the community of business families has a leadership role to play in this transformation.

We need a new form of capitalism. When family values percolate into the business, it brings companies to replace a short-term economic model which has plagued our economy for the last decades, with a model that can deliver a lasting prosperity for all.

One of FBN’s missions is to raise the awareness and importance of Family Business models in society, and be The Voice of Family Business.  Given their predominance, family firms have the potential to lead responsible capitalism by educating employees, ensuring responsible production and engaging suppliers in ethical practices. With 4,000 Business Families across 65 countries, FBN is the largest network of family businesses and uniquely positioned to play a role in bringing this agenda to life. As a trust-based organisation that facilitates peer learning, we support members to create meaningful growth in their companies enabling positive change for all stakeholders.

To empower Family Businesses on the sustainability journey, FBN developed Polaris. Named for the North Star, Polaris is FBN’s framework to deliver on the FBN Pledge. We have built tools for members to measure their impact, published close to 40 case studies on members delivering on the SDGs and created programmes to empower our global movement – Family Business as a Force for Good.
 

Synergizing the Family and Business for long term success

Business

Family

Family Business

Entrepreneurship

Emotions

Social Responsibility

Money

Love

Profit with Purpose

Capitalism

Mutuality

Conscious Capitalism

Best fit

Inclusion

Responsible Stewardship

Accountability

Forgiveness

Learning by Failing

Best to the top

Equality, needs

Fairness & Respect

Expediency

Patience

Long-Term Orientation

Occupation

Vocation

Servant Leadership

 

Percentage of Family Business contribution to National GDP (source: FFI)

Contribution to National GDP