A social enterprise is, first and foremost, a business. It is involved in some form of trading activity whether it be the sale of products or services, or delivering a contract. The difference is that it will have been set up primarily to meet a social objective, not to make money for it's owner.
We aim to support:
- Social enterprises that are already in business
- New start-up social enterprises
- Existing social organisations who wish to start selling products or services in addition to receiving grants
The role of Social, economic and environmental reporting is to help social enterprises prove they achieve these objectives in addition to being financially viable.
Some definition of terms
- Social accounting - a process to enable an organisation to account for its performance against its social, economic and environmental objectives
- Social audit - independent verification of accounts
- Social reporting - publishing accounts
- Triple bottom line - social, economic and environmental - "social" is often used as shorthand for all three elements
Social reporting can benefit all organisations with social, economic and environmental objectives as it would help them:
- Enhance the quality of their social impacts;
- Identify areas for improvement;
- Assess social, community, environmental and cultural added-value; and
- Prove the true worth of the social enterprise to the people who matter to it - the stakeholders - and so build trust.
Social enterprises are a great way of bringing whole communities together and motivating young people into entering and starting businesses. Get in touch with us if you have any question about social enterprises or how you can benefit from them.