Family businesses could be circular economy frontrunners
Family-run companies have a head start in working towards circularity due to their survival mentality, according to a leading SME sustainability champion in the last of our Resource Revolution leader interview series.
Simon Graham, environmental strategist at Commercial Group said he could see a huge opportunity for smaller firms, especially those handed down through generations, to take leadership with a new way of working.
"Those companies for me which have a huge advantage when looking at things like the circular economy are those that have a long-term view ... and family businesses have a massive advantage because they have that generation after generation in running and understanding how a business works," he maintained.
Graham added that SMEs often were able to be more innovative due to their size, and able to adapt quicker to change.
"A main driver has to be innovation, new ideas ... in my experience, a lot of that new way of thinking comes through the entrepreneurial ideas which traditionally have come from smaller enterprises, those companies that are more dynamic and able to move," he said.
Sponsored by FCC Environment, the interview series comprises eight video interviews in total with stakeholders from all points in the circular economy.
View all the other interviews:
The Manufacturer perspective - Unilever
The Waste Contractor perspective - FCC Environment
The Designer perspective - RSA The Great Recovery Project
The Local Authority perspective - Somerset Waste Partnership
The Brand Leader perspective - Coca Cola Enterprises
The Retail perspective - John Lewis Partnership
The Thought Leader perspective - Peter Jones
The interviews incorporate learning from our recently-published White Paper 'Closing the loop: risk or reward'. You can download your copy here.