What is a social enterprise?

A social enterprise is similar to a ‘normal’ enterprise, as it provides a product or service and has a revenue model. However, making money is not their ultimate goal, but a means to achieve their real mission, which is the creation of social impact.

Social enterprises are active in various sectors and create a great deal of social value for both society and the environment. This is a new way of entrepreneurship which is very dynamic and growing rapidly.

PwC uses the following definition of Social Enterprise NL:

A social enterprise:

  1. Primarily has a social mission: social impact first
  2. Realizes that mission as an independent enterprise that provides a service or a product
  3. Is financially self-sustaining, based on trade or other forms of value exchange, and therefore has limited or no subsidy or donation dependence
  4. Is managed in a socially responsible way. That means the company:
    • Can make a profit, but the financial goals are only a means to support  the mission: social impact first. Profit-taking by possible shareholders is reasonable.
    • Has a governance and company policy in place that are based on balanced control of all stakeholders.
    • Is fair to all stakeholders.
    • Is aware of its ecological footprint.
    • Is transparent.

Does your social enterprise meet these criteria and do you want to take the next step with your social enterprise? Apply now!

Contact us

Mouna Cheppih

Senior Associate, PwC Netherlands

Tel: +31 (0)88 792 46 44

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