Have you ever heard the term ‘social enterprise’ and wondered what it means? Read on to find out about this new approach to tackling the social issues of today.
Challenging global issues
There are many social, cultural, environmental, and economic issues in the world that can’t be fixed alone. And while charities, foundations, and socially responsible organisations are doing their part, there’s still so much more to be done. This has prompted the rise of a different business model.
- Employment: Providing employment, work experience, and training to individuals from a disadvantaged group. This includes refugees, the homeless, and people with disability – which drives everything we do
- Community: Products and services provided to address an economic or social demand within the community, and not for profit gain
- Environment: A business’ profits go towards environmental sustainability, like recycling. Alongside providing valuable employment for people with disability, the Balcatta Recycling Shop also offers recycling services that help close the loop on waste
- Profit redistribution: When a business gives the majority of their profits to charitable causes or community programs. For example, you can buy a bottle of water and help end the poverty cycle
When you buy a product or pay for a service from a social enterprise, you’re buying socially. It means that you’ve made a choice to support a sustainable future and world of better social outcomes. It could be providing food for a starving family, giving a child access to education, or creating meaningful employment for a person with disability.
You have the power to make a difference.
If you’re buying as a business, organisation, or government this is called social procurement. Not only do you get the same quality of product or service, but you have the helped others gain opportunities and support they might never have access to. As organisations, you have the ability to invest more resources, generate more value, and make a big difference.
Social enterprise STREAT founder, Rebecca Scott, explains how your money can be used for a sustainable future:
We’ll be following up next week with important information about the scope of social enterprises, how they’re shaping our future, and where our organisation fits.
Workpower is a social enterprise that provides meaningful employment for people with disability. We do so through our six separate social enterprise businesses across a number of industries. For more information, take at look at Our Services and contact us at 1800 610 665.