The announcement of the winner, the Award Ceremony, and the session with the winner takes place at IMD.
Celebrating commitment to sustainability by family businesses
Velux: winner in 2021
Criteria & process
The award celebrates family-owned businesses that are leaders in sustainability, with a specific focus on both breadth and depth in strategy, initiatives, impact, implementation and stakeholder engagement.
Eligibility criteria are:
- 2nd generation or older
- with business in at least two countries
- with a turnover of at least USD 200 million
Companies involved in industries such as weapons, hazardous materials or tobacco are not eligible.
IMD solicits applications from the nominated family enterprises that fit the award criteria. Families need to sign off on the application before it is considered by the award evaluation committee.
Based on the award criteria, finalists are identified by the evaluation committee composed of representatives from the IMD Global Family Business Center, FBN and Pictet.
Advanced research and interviews are conducted with key family members from the finalist family businesses. An extensive report is prepared and submitted to the jury.
The award jury votes individually and anonymously. The jury is composed of members of globally leading family businesses, former Award winners and senior expert academics within the field of family business.
The winner is contacted and a full teaching case study, accompanied by the video, is developed in preparation for the Award Ceremony and presentation of the Winner at the award ceremony.
A trophy crafted by Chopard and complimentary seats on our IMD Family Business Programs are awarded to the winner and finalists. A case study and articles about the winning family business are published by IMD’s Award Director Professor Sameh Abadir and the award research team.
Symbolizing the extension of the totem pole linking heaven and earth, the award trophy is crafted by Chopard, a family-run business and expert in watches and jewellery. It is made from recycled materials in the shape of the leaf of a tree and designed as a further development to the IMD Global Family Business Award trophy.
The jury is composed of members of globally leading family businesses and senior experts within the field of sustainability and/or family business.
Responsibility, authority & compensation
- Full confidentiality applies at all times for all Award activities and communications
- Jury members receive an extensive report on finalists which they are asked to read to be prepared for the annual Jury meeting and anonymous online vote.
- There is no compensation for time or other expenses.
Get to know the voting members of the jury, displayed in alphabetical order
Tim is the Vice President for Environmental Responsibility at LEGO. Based in Billund, Denmark he leads a global team responsible for the company's global sustainability strategy, performance, and the impact of its…
John is a writer, thought-leader and business strategist, a serial entrepreneur and, at heart, an environmentalist. He is the Founder and Chief Pollinator at Volans, a certified B Corporation driving market-based…
Benjamin is Executive Director of Impact Finance. He is based in Geneva where he is the Head of Investor Relations. He frequently travels to meet with investors. He also regularly trains new analysts to conduct…
Dr. Mary Johnstone-Louis is Director of the Ownership Project and a Senior Research Fellow at Oxford's Said Business School. Mary researches, teaches, and builds programmes on how business leaders create…
Iris is heading Environmental, Health and Safety (EHS) Biopharma Global Healthcare Operations at Ares Trading SA, an affiliate of Merck, and is based in Aubonne. She has joined Merck in 2014.
Iris graduated as Chemical…
Professor Gail Whiteman joined the University of Exeter Business School’s Department of Management in July 2020.
She previously was the Rubin Chair, Director of the Pentland Centre for Sustainability in Business at…
Non voting members
Discover our non voting members, presented in alphabetical order
Jean-François Manzoni is the President of IMD, where he also serves as the Nestlé Professor.
His research, teaching, and consulting activities are focused on leadership, the development of high-performance…
Peter Vogel is Professor of Family Business and Entrepreneurship and holder of the Debiopharm Chair for Family Philanthropy at IMD Business School in Lausanne. He is also the Director of IMD Global Family Business Center…
What stakeholders say about the award
With sincere thanks to our sponsor
Would you like to know more about our activities? Get in touch with our team at the IMD Global Family Business Center.