Skip to main content
Official Logo of Columbia Business School
Academics
  • Visit Academics
  • Degree Programs
  • Admissions
  • Tuition & Financial Aid
  • Campus Life
  • Career Management
Faculty & Research
  • Visit Faculty & Research
  • Academic Divisions
  • Search the Directory
  • Research
  • Faculty Resources
  • Teaching Excellence
Executive Education
  • Visit Executive Education
  • For Organizations
  • For Individuals
  • Program Finder
  • Online Programs
  • Certificates
About Us
  • Visit About Us
  • CBS Directory
  • Events Calendar
  • Leadership
  • Our History
  • The CBS Experience
  • Newsroom
Alumni
  • Visit Alumni
  • Update Your Information
  • Lifetime Network
  • Alumni Benefits
  • Alumni Career Management
  • Women's Circle
  • Alumni Clubs
Insights
  • Visit Insights
  • Digital Future
  • Climate
  • Business & Society
  • Entrepreneurship
  • 21st Century Finance
  • Magazine

Beyond Earth Day: What Legacy Are We Leaving?

Average Read Time:

Earth Day may come once a year each April, but its call to action reverberates far beyond a single month. Corporations respond with net-zero pledges, families with tree-planting rituals, and policy leaders with bold targets. Yet behind these headlines lies a quieter, more complex force: enterprising families.

Published
May 13, 2025
Publication
Family Enterprise Insights
Jump to main content
hands holding a small plant
Topic(s)
Climate and Sustainability
Family
Leadership
Ownership
Research Findings
Save Article

Download PDF

0%

Share
  • Share on Facebook
  • Share on Threads
  • Share on LinkedIn

Earth Day may come once a year each April, but its call to action reverberates far beyond a single month. Corporations respond with net-zero pledges, families with tree-planting rituals, and policy leaders with bold targets. Yet behind these headlines lies a quieter, more complex force: enterprising families.

While Earth Day invites us to think about the future of our planet, for enterprising families, that question isn't just environmental—it’s existential. Whether through an operating business, a family office, or a foundation, families have extraordinary reach. The question is not just what kind of impact to make, but why we should care at all.

Some invest in solar farms. Others back social ventures, shift supply chains, restore architectural landmarks, embed dignity into the fabric of their companies, or offer jobs to the historically excluded. Many are expanding their family offices into platforms for impact investing. What unites these paths isn’t the method—it’s the intention. Impact takes many forms, but purpose gives it meaning.

As we reflect on the spirit of Earth Month, we invite you to pause—not just to report on emissions or tally grants—but to ask: what do we owe the future, and how do we want to show up?

Research Highlights

A new global casebook, Family Business Sustainability: Case Studies Across the World, expands the conversation. It introduces the Quadruple Bottom Line (QBL): beyond People, Planet, and Profit, family enterprises must also navigate Perpetuity—preserving the emotional, relational, and reputational wealth that anchors their identity across generations.

This matters because sustainability in family enterprises isn’t just a policy—it’s a reflection of values. Across countries and industries, the book highlights family firms retraining workforces, transforming governance, or launching social ventures rooted in place and legacy. These aren’t PR moves. They’re strategic, personal, and often led by the next generation.

For family offices, the path often begins with impact investing—allocating capital to generate measurable social or environmental outcomes alongside financial returns. Yet even here, the real question isn’t the structure of the fund—it’s the clarity of the “why.” Without a defined purpose, capital chases trends. With one, it can build futures.

The big idea? Impact is not one thing. It’s a thousand small decisions, made with clarity and care.

Reflection Questions

There’s no single path to impact—but there is value in pausing to examine our own. Research shows that family firms that invest in sustainability—whether social or environmental—often experience improved performance, especially when these efforts stem from internal clarity and intention. In fact, even firms that are less entrepreneurial still benefit from sustainable investments, while those with a proactive and innovative culture amplify performance through other impact avenues as well. (Mullens & Shen, 2023, SocioEconomic Challenges)

This tells us that motivations may differ—and that’s okay. What matters is not how you compare to others, but how you align with your own purpose.

As your family navigates business decisions, investment strategies, or legacy planning, these questions can help surface what truly matters and what might need reimagining:

  1. What place do sustainability and impact conversations hold in your family today?
  2. How do your operating business and your family office express shared values—or diverge?
  3. What’s one form of impact (environmental, social, cultural, relational) your family is best positioned to lead?
  4. What legacy are your investments—and your silences—leaving behind?

Further Reading

  • Sustainable and entrepreneurial: a path to performance improvements for family firms? (Mullens & Shen, 2023, SocioEconomic Challenges)
  • Family Business Sustainability: Case Studies Across the World (Ed. Tulsi Jayakumar, 2025)

 

Related Articles

Entertainment
Date
July 14, 2025
Nobody Wants This," featuring Kristen Bell and Adam Brody standing side by side in formal attire, with a tense family gathering in the background
Entertainment
Family Business News

From Outsiders to Change Makers: In-Laws and Family Enterprise in Nobody Wants This

Kristen Bell and Adam Brody star in Nobody Wants This, a new TV series about an unconventional relationship that stirs up very real family tensions. But beyond the comedy lies a thoughtful look at how in-laws—outsiders by origin—can become powerful change agents within legacy-driven families and enterprises.

 

 

  • Read more about From Outsiders to Change Makers: In-Laws and Family Enterprise in Nobody Wants This about From Outsiders to Change Makers: In-Laws and Family Enterprise in Nobody Wants This
Entertainment
Date
June 22, 2025
Inheritance book cover image
Entertainment
Family Business News

Legacy, Memory,& Planning Ahead in The Inheritance by Niki Kapsambelis

The Inheritance by Niki Kapsambelis follows a real-life North Dakota family carrying a rare gene for early-onset Alzheimer’s—and the weight of legacy that comes with it. It’s a story of science, succession, and staying strong when the future feels uncertain. This one’s not light reading, but it’s deeply worth the ride.

 

 

  • Read more about Legacy, Memory,& Planning Ahead in The Inheritance by Niki Kapsambelis about Legacy, Memory,& Planning Ahead in The Inheritance by Niki Kapsambelis
Family
Leadership
Ownership
Research Findings
Date
June 16, 2025
a collection of scrapbook photos
Family
Leadership
Ownership
Research Findings

The Silent Risk in the C-Suite: When Memory Meets Responsibility

New research from Columbia University and a 2025 study in The Lancet Regional Health – Americas challenge assumptions about when Alzheimer’s risk begins. The findings show that cognitive decline—linked to cardiovascular, inflammatory, and neurodegenerative markers—can be detected in adults as young as 24. While family history remains relevant, it’s lifestyle and biological risk factors that may offer earlier, more actionable signals.

  • Read more about The Silent Risk in the C-Suite: When Memory Meets Responsibility about The Silent Risk in the C-Suite: When Memory Meets Responsibility
Family
Leadership
Research Findings
Date
May 29, 2025
people around a campfire
Family
Leadership
Research Findings

The Power of Belonging in Times of Transition

In Tribal, Professor Michael Morris reveals that tribes—groups bound by shared identity, rituals, and purpose—aren’t just social constructs; they’re fundamental to how humans survive and thrive. Family enterprises, too, function as tribes. But as families grow and change, tribal cohesion requires intentional leadership. Drawing from Morris’s work, we explore what it means to build inclusive, evolving tribes that balance tradition with transformation.

  • Read more about The Power of Belonging in Times of Transition about The Power of Belonging in Times of Transition

External CSS

Articles A11y button

Official Logo of Columbia Business School

Columbia University in the City of New York
665 West 130th Street, New York, NY 10027
Tel. 212-854-1100

Maps and Directions
    • Centers & Programs
    • Current Students
    • Corporate
    • Directory
    • Support Us
    • Recruiters & Partners
    • Faculty & Staff
    • Newsroom
    • Careers
    • Contact Us
    • Accessibility
    • Privacy & Policy Statements
Back to Top Upward arrow
TOP

© Columbia University

  • X
  • Instagram
  • Facebook
  • YouTube
  • LinkedIn