Project: Sustainability of family businesses
Sustainability is one of the most impacting and pervasive factors for all economic and social operators in an increasingly fast-changing world. We are facing a long-term ground-breaking revolution, which should be properly considered even by family businesses.
In its capacity as Multi Business Family Office, Nexta strongly pushed for the birth of a specific project aimed at supporting and strategically advising family businesses and helping them through this process of change.
Nexta intends to facilitate understanding of this process in all its three dimensions (E -environment, S – social, G – governance) and then apply it to specific realities.
Thanks to the experts involved in the Sustainability Project, Nexta wants to provide tangible tools to implement a true business sustainability strategy starting from the definition of Vision, Mission and Purpose of the family business.
Nexta actually supports family businesses to define and implement their sustainability-based strategic plans; to define Governance setups ensuring continuity and stability; to fulfil compliance obligations; to implement social attention policies, both inside and outside the business; to improve talent appeal and retention, energy efficiency and respect for the environment; as well as to draft their sustainability report.
Nexta facilitates communication and sharing among the stakeholders of the business, including financial stakeholders and those belonging to the relevant value chain.
Nexta’s work model for the Sustainability Project starts from the analysis of the business current situation, according to a double-materiality approach, to identify its kpis, kris and relevant valuation methods, in order to issue a communication model to the stakeholders in the form of a sustainability report. Next step is to support the business to identify and implement tangible actions which can ensure an increasing improvement of the sustainability level inside the business.
A sustainable enterprise is a long-lasting business creating value for its community and shareholders.