Dispersed family ownership
In the survey responses, companies with highly concentrated family ownership (between 76 percent and 100 percent) reported low ratings on the sustainability index.
Keeping it all in the family might not be the best option in terms of sustainability actions. This is especially the case if the business requires substantial restructuring and reconversion processes in order to update its current business model to meet new industry standards and stakeholders’ demands.
In such cases, cooperating with external capital providers may help to revise the trajectory and set the stage for reorganizing the business model based on the highest sustainability standards.