Pioneering Family Firms’ Sustainable Development Strategies

Edited by Pramodita Sharma, Schlesinger-Grossman Endowed Chair in Family Business, Grossman School of Business, University of Vermont and Sanjay Sharma, Dean and Professor of Management, Grossman School of Business, University of Vermont, US

• Contents:PART I INTRODUCTION1 Pioneering business families committed to sustainabledevelopment 2Pramodita Sharma and Sanjay SharmaPART II DESIGNED FOR SUSTAINABILITY2 Sustainability comes naturally: Rocky Mountain SoapCompany, a purpose-driven family business 52Pramodita Sharma, Sanjay Sharma and Alexa Steiner3 Supreme Creations and Wings of Hope: A symbiotic careof environment and society 76Pramodita Sharma, Sanjay Sharma and Alyssa Schuetz4 Biofilter: A Hungarian champion for the circular economyand stakeholder capitalism 99Caroline Seow and Maria José ParadaPART III TRANSFORMED FOR SUSTAINABLE DEVELOPMENT5 The evolution of a sustainable energy family business: Thecase of Thermax 125Kavil Ramachandran and Yashodhara Basuthakur6 Kemin Industries: A sustainable future in focus 151Justin B. Craig and Gary Bowman7 Social capital as a pathway to sustainability at State Garden 175Pramodita Sharma and Rocki-Lee DeWitt8 Griffith Foods: Nourishing the world 203Stuart L. Hart9 Royal Van Wijhe Coatings: Sustainability over four generations 234Judith van Helvert and Rosemarie Steenbeek10 GMA Garnet’s circular economy: Jebsen & Jessen’sleadership in environmental sustainability 252Marta Widz and Vanina Farber11 Tahbilk: A fifth-generation Australian family winebusiness’s journey to sustainability 277Michael Browne, Chris Graves and Francesco BarberaPART IV INSTITUTIONAL LEADERSHIP FOR SUSTAINABILITY12 The role of family values in institutional change towardsustainability in the Bordeaux wine industry 304Sanjay Sharma, Tatiana Bouzdine-Chameeva and Joerg S. Hofstetter13 The Wallenberg family of Sweden: Sustainable businessdevelopment since 1856 336Sarah Jack and Mattias NordqvistIndex

'Based on 15 case studies of innovative business families from North America, Europe, Asia and Oceania, Dita and Sanjay Sharma have distilled practical lessons on how to establish and transform family businesses for long-term success in an ever changing business environment where sustainability issues are increasingly important. An excellent contribution to the world of family businesses.'/i>