Social enterprises are an innovative breed of businesses that exist to create a fairer and more sustainable world.
They could be a graphic design company creating jobs for ex-offenders, or a gym providing affordable wellbeing services to the community, or a retailer selling toilet paper and donating 50% of their revenue to charity.
Social enterprises must do three things:
- Have a defined primary social, cultural or environmental purpose consistent with a public or community benefit
- Derive a substantial portion of their income from trade
- Invest efforts and resources into their purpose such that public/community benefit outweighs private benefit