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A Social Enterprise is a business guided by social purpose. They exist to benefit financial, social or environmental well-being in our communities rather than just shareholders or business owners. A Social Enterprise is a commercial entity that looks to maximize social impact.
Social procurement is a way for businesses to meet sustainability and ESGgoals simply by switching suppliers.
That could include local suppliers, Indigenous suppliers, social enterprises and others.Social enterprise procurement is a specific type of social procurement that createssome of the most impactful procurement outcomes, that complements sustainable and inclusive procurement.Some of Australia’s leading brands across all industries are already buying from Social Enterprises. The best part is that this is spend you have allocated for essential op-ex. It’s moneythat would have been spent anyway. It’s not money budgeted separately for CSR, yetit achieves the same CSR or sustainability goals.
Many businesses have found themselves vulnerable when offshore supply chains collapsed. The crisis underlined the limitations and fragility of global supply chains. Building a diverse and local supply chain will de-risk your business.
Governments are increasinglylooking for the private sectorto partner with them indelivering positive socialoutcomes. Delivering socialimpact is now an importantfactor in winning contractswith Government. (Source: Social Traders, “The Business for Good Playbook”, 2022).
Good businesses build customer demand and brand loyalty.Recent events have propelled the need for businesses to connect with their communities, showing both empathy and authenticity. The businesses that invest now in growing and showcasing their purpose, will create stronger brand equity.
Future employees are increasingly expecting their employer to have a purpose beyond profit. Making a positive contribution to communities boosts staff engagement and attracts the best talent.
Our social enterprise works alongside individuals with disabilities through our specialised Towards Better Model to aquire active, meaningful, and valued work, study, or business roles in welcoming communities.
Through our services for our primary group of customers/client, the profits the support a beneficiary group being those individuals, parents, community associations, or NFP businesses who would like to utilise our services, but are not in a position to afford the full standard costs. We are able to then offer low or pro bono consulting, training or developmental services to people or communities who amy not have the means to afford this.
Additionally we have a small pool of resources called the ‘Skills Bank’ that people we work alongside can tap into for valued roles focused, developmental (competencies/image/resources) purposes.
