To select the award winner, a panel of independent jury experts will examine different aspects of the sustainability of family businesses. To be eligible companies must have a turnover of at least USD 200 million, have business in at least two countries, and include family members from at least the second generation. Companies involved in industries such as weapons, hazardous materials or tobacco are not eligible.
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.
Step 1 - Call for applications (May-June)
IMD solicits applications from family businesses.
Step 2 – Selection of finalists (June-August)
Based on the award criteria, finalists will be identified by the evaluation committee composed of:
- Vanina Farber, IMD Professor holder of the elea chair for Social Innovation
- Marie-Laure Schaufelberger, Group Stewardship Officer at Pictet Group
- Marta Widz, IMD Family Business Research Fellow
- Natalia Olynec, IMD Sustainability Partner
Step 3 – Advanced research on the finalists (September-November)
Advanced research and personal interviews will be conducted with key family members from the finalist family businesses.
Step 4 - Jury meeting and vote (November-December)
The award jury votes individually and anonymously.
Step 5 - Award Ceremony (December)
The announcement of the winner, the ceremony, and the sessions with the finalists and the winner will take place at the SIFBA event held at IMD on December 5th, 2019.
Step 6 - Prepare the case study on the winning family business (December-February)
The winner will be interviewed for a full teaching case study, accompanied by a video.