In this Open Access Publication, we present four chapters that provide a holistic view of the critical steps in a family firm’s decarbonization journey. Achieving the EU's climate targets relies heavily on German family firms, given their pivotal role in the economy and substantial greenhouse gas (GHG) emissions. First, we explore the measurement and accounting mechanisms of GHG emissions, leveraging data from German family firms across various industries. Second, we examine the management of goal tensions between environmental and economic objectives, focusing on how family firms can derive value from their emissions data. Third, with the upcoming Corporate Sustainability Reporting Directive (CSRD) and the importance of communicating decarbonization efforts to stakeholders, we analyze the implications of this reporting mandate for family firms. Fourth, given the high investment demands of decarbonization measures, profitability remains a critical concern. Therefore, we also delve into the relationship between corporate environmental performance and corporate financial performance, highlighting the intersection of sustainability and long-term financial viability.
In this Open Access Publication, we present four chapters that provide a holistic view of the critical steps in a family firm’s decarbonization journey. Achieving the EU's climate targets relies heavily on German family firms, given their pivotal role in the economy and substantial greenhouse gas (GHG) emissions. First, we explore the measurement and accounting mechanisms of GHG emissions, leveraging data from German family firms across various industries. Second, we examine the management of goal tensions between environmental and economic objectives, focusing on how family firms can derive value from their emissions data. Third, with the upcoming Corporate Sustainability Reporting Directive (CSRD) and the importance of communicating decarbonization efforts to stakeholders, we analyze the implications of this reporting mandate for family firms. Fourth, given the high investment demands of decarbonization measures, profitability remains a critical concern. Therefore, we also delve into the relationship between corporate environmental performance and corporate financial performance, highlighting the intersection of sustainability and long-term financial viability.
Pascal Engel investigates how outside directors are incentivized in family firms that are publicly listed but still partly owned by members of the founding family. Owning families significantly...
The Family Firm provides a comprehensive literature review of the heterogeneous characteristics of family firms based on over 400 recent and relevant academic articles. The review of the literature...
The ebook edition of this title is Open Access and freely available to read online.Family constitutions in family-owned firms are becoming increasingly popular around the world. While some, though...
The purpose of this book is to determine the places of origin of the families recruited by John Law in 1720, and to re-examine the migration within the context of Louisiana and European history. The...
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