The Family Business for Sustainable Development (FBSD)
What is the FBSD?
Family Business for Sustainable Development (FBSD) is a joint initiative by FBN & the UN to advance the sustainability practices of family businesses, enable system change and create a shared prosperity for all.
What does the FBSD hope to achieve?
The world needs to promote values-based business models that focus on the long-term and family businesses are well positioned to lead this endeavour. Through shared learning, customised tools and innovative platforms, the FBSD aims to:
- Enable purpose-driven family businesses to be inclusive and deliver for all stakeholders – workers, communities, the environment and future generations
- Build resilient family businesses that are transparent and future proof
- Through partnerships, influence the eco-system, drive systems change and enable all businesses to be a force for good
What are the key deliverables?
- A joint FBN-UN Family Business Pledge with a call to action to Define Success Across Generations
- A set of sustainability indicators customised for family businesses to enable them to measure and track their progress. The Sustainability Indicators for Family Business (SIFB) are aligned with the SDGs – a universal framework for driving systems change
- Capacity development programs to accelerate sustainability practises for family businesses
- Global multi-stakeholder platforms for dialogue, shared-learning and advocacy
The Family Business Pledge
What is the pledge?
Who can sign the pledge?
How do we sign the pledge?
The FBSD website includes a feature to enable family business members to sign the pledge online. Signatories will be authenticated by UNCTAD and posted shortly thereafter. If you have questions, please contact your local FBN association.
What is my commitment after I sign the pledge?
The Sustainability Indicators for Family Business (SIFB)
What are the indicators?
The Sustainability Indicators for Family Business are jointly developed by UNCTAD and FBN and build on the SDG Reporting Guidance on Core Indicators developed by UNCTAD. The family business indicators emphasize the importance of responsible ownership, independent directors and the role of next generation leadership. There are approximately 40 indicators mapped to 10 different SDGs.
How can I take the indicators?
The draft SIFB is currently being tested by a pilot group of family business and more information can be found here.. Businesses wishing to test the reporting indicators, may download the FBSI and commence their own internal progress. To facilitate more family business taking the SIFB, UNCTAD is building a secure and robust online platform which is scheduled to go live in October 2020.