Regulations may be easing, but the market remains demanding. For many family-owned businesses in the food sector, that changes very little. The Omnibus proposal may be on the table, but the sense of urgency is still very real. They continue to invest, both out of principle and because it's necessary. “Major players want to know what's happening in their supply chains,” says Ceel Elemans, Food Sector Specialist at ING Sector Banking.
The European Commission is proposing adjustments to sustainability regulations. The threshold for mandatory reporting will rise from 250 to 1,000 employees. The number of required data points is also set to be significantly reduced.
Although the proposals still need approval from the European Parliament, many family businesses are already taking action. Supermarkets, restaurant chains, and global brands such as Nestlé and Unilever have their own expectations. Companies like Compaxo and Verstegen Spices & Sauces are pressing ahead with their investments, determined not to fall behind later.
According to recent research by ING, 40 percent of businesses are concerned about the feasibility of sustainability efforts. Political and geopolitical uncertainty is a key factor. For smaller family firms without a dedicated sustainability manager, finding the right approach can be especially challenging.
Still, their size offers advantages. They can respond more quickly, operate with shorter lines of communication, and often maintain strong ties with both suppliers and customers. This agility makes them appealing business partners.
For family-owned food companies, sustainability isn’t a checkbox. It’s a conscious decision to act now. Not because they’re required to, but because they want to pass on a healthier, stronger business to the next generation.
Source: ING