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While family owners can sometimes be bad for business, they can also be beneficial in many ways. (Shutterstock)

Corporate social responsibility: Why family businesses get more bang for their buck than non-family firms

By investing in corporate social responsibility initiatives, family-owned businesses can make financial gains while also making positive societal contributions.
The founder of Patagonia, long known for environmental activism, said on Sept. 14 that the company is dedicating all its future profits to a non-profit focused on fighting the environmental crisis and defending nature. (Shutterstock)

Has Patagonia defined a new gold standard for business responsibility?

Whether or not Patagonia’s recent move will have a lasting impact on business responsibility will depend on how it balances its environmental impacts with the social good it carries out.

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