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.