Sustainability reporting and its implications for family firms
This paper examines sustainability reporting as a global performance metric for the family business concerned with environmental sustainability. Examples of reporting requirements and widely employed reporting frameworks are provided, including consideration of how these can advance sustainability goals. Implications for family firms to integrate sustainability goals in order to better compete worldwide are identified. These include issues of family firm commitment to sustainability and sustainability reporting, selecting an appropriate reporting framework, and developing an organization that enables both reporting and innovation to achieve sustainability.