Social enterprise and CSR
So what is a social enterprise?
A social enterprise is an organisation which applies commercial strategies to maximize improvements in human and environmental well-being - this may include maximizing social impact alongside profits for external shareholders.
Social enterprises can be structured as a for profit or non-profit and may take the form (depending which country the SE is located in) of a cooperative, a mutual organisation, a dis-regraded entity, a social business, a benefit corporation, a community interest company (CIC) or a charity organisation. Social enterprises can also take more conventional structures but what differentiates social enterprises from other non-profit and profit making business formats is that their social mission is as core to their success as any potential profit.
Many commercial enterprises consider themselves to have social objectives, but commitment to these objectives is perhaps motivated by the perception that such commitment will ultimately make the enterprise more financially valuable. These are organisations that might be more properly described to be operating corporate responsibility programs.
Social enterprises differ in that their commitment to impact is central to the mission of the business. Some social enterprises may not aim to offer any benefit to their investors except where they believe that doing so will ultimately further their capacity to realize their social and environmental goals - although there is a huge variation in forms and activities.
The term 'social enterprise' has a mixed and contested heritage - philanthropic roots in the USA and cooperative roots in the UK, EU and Asia. In the US, the term is associated with 'doing charity by doing trade', rather than 'doing charity while doing trade'. In other countries, there is a much stronger emphasis on community organisation and democratic control of capital and mutual principles, rather than through philanthropy.
In recent years, there has been a noticeable rise in the concept of social purpose businesses pursuing social profit and responsibility directly, or the raising of funds for charitable projects.
Red Dragon Manufacturing Ltd (Red Dragon Flagmakers) is a social enterprise and a registered member of Social Enterprise UK. When you buy from Red Dragon Flagmakers, you buy social.
The Social Impact Report 2016
Natwest SE100 - social impact health check
Click HERE to see the press link.
Generated profit is re-invested into the training and employment of people in our local communities with a mission to contribute towards real social change.
Who are social enterprises?
Who buys social? Who buys their flags from Red Dragon Flagmakers?
Here we list some of our valued clients who are committed to buying social.
What is CSR?
CSR (Corporate Social Responsibility) is business buying power. Buying from social enterprises makes your money go further. Join the revolution and unleash your spending power.
The Public Services Social Value Act 2012
For all those purchasing via the public purse, the Public Services Social Act 2012 is a must read. It is now law that all purchases made using public money should be made in consideration of social impact and value.
To read a summary of the Act - click HERE