Cooperatives Europe

Creating a favourable climate for social enterprises, key stakeholders in the social economy and innovation …

Cooperatives Europe have provided a paper from the EU on building social business in that region of the world.

It provides a handy definition of ‘social enterprise’ (it conflates the term with ‘social business’) based on case-law of the Court of Justice of the European Union to cover the following types of business:

  • those for which the social or societal objective of the common good is the reason for the commercial activity, often in the form of a high level of social innovation,
  • those where profits are mainly reinvested with a view to achieving this social objective,
  • and where the method of organisation or ownership system reflects their mission, using democratic or participatory principles or focusing on social justice.

You can find the full paper here.

Check out our favourite definition of social business here.

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