What is a social enterprise?

What is a social enterprise? How are social enterprises creating positive impact and transforming the world? Diego Isabel, Director of the Global Hub for the Common Good, interviews Peter Holbrook, CEO of Social Enterprise UK, member of the board of the Social Enterprise World Forum and advisor of the Global Hub for the Common Good.

Peter explains the role that social enterprises are playing to shift from a profit-oriented economy towards a more sustainable and people-centred new economy.

How to support a social enterprise? The role of consumers and governments

The CEO of Social Enterprise UK gives us several real examples of social enterprises that are succesful both achieving their social objectives and being profitable.

Peter HolbrookPeter Holbrook also highlights the importance of both consumers and public institutions in the promotion of social enterprises. As consumers, we have the democratic opportunity to support these companies that are contributing to the common good as they pursue their social purpose. Local and national governments as well as international institutions can also support the transition towards a fairer economy through public procurement, taxation and other public policies.

Social enterprises is a global movement with thousands of social entrepreneurs and organisations around the world offering products and services with the purpose of solving a social or environmental challenge. They are businesses that are changing the world for the better. Social enterprises are in our communities offering products such as food, furniture or electronics as well as services such as insurances, transport, leisure or financial services

You can find more info about Peter Holbrook and social enterprises on the website of Social Enterprise UK

According to Social Enterprise UK, social enterprises should:

  • Have a clear social and/or environmental mission set out in their governing documents
  • Generate the majority of their income through trade
  • Reinvest the majority of their profits
  • Be autonomous of state
  • Be majority controlled in the interests of the social mission
  • Be accountable and transparent

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