Report Discovers How Family is Deeply Embedded in Stakeholder Capitalism on a Global Scale

Almost half (43%) of family businesses globally have achieved high levels of performance on the sustainability index, according to a report from professional services company KPMG Private Enterprise and the STEP Project Global Consortium. The study also found that multi-generational commitment to creating value for all stakeholders was a key reason why many family businesses excelled as sustainability leaders, with the report stating a shift in mindset reflecting sustainability as a necessary investment in the future and no longer an additional cost of business. KPMG’s Sasithorn Pongadisak said every requirement in improving sustainability performance was significant, but that the combination of factors was what really impacted the sustained performance of family businesses.