home
news

Is social enterprise part of the future of sustainable capitalism?

share this article

Social entrepreneurship has rapidly arisen as an attractive option for changemakers who embrace the idea of entrepreneurship for societal rather than primarily private benefit. They have adopted alternative business models including B-corporations, cooperatives, companies controlled by foundations, and the Belgian Social Purpose Company. Based on this premise, Frank Bold organised an event on the 18th of March to gather people who are committed to deep change to discuss the subject.

On one side, supporters argued that non-profit organisations and “hybrid” businesses expand conventional business to link people with deeper sources of purpose, creativity and value. Detractors, on the other hand, are concerned that social entrepreneurs will never achieve transformational change because they are unable to scale.

We had the pleasure to count with us Cliff Prior, CEO of UnLtd, the UK Foundation for Social Entrepreneurs and Marleen Denef, Professor at KU Leuven in Brussels and partner at Curia law firm, as speakers.

Marleen's speech helped the participants understand the wide variety of legal statuses of enterprises, from the purely non-profit to the purely profit motivated, with all kinds of combinations to be found in between. She also stated that 'social enterprises are still perceived as soft businesses' and that lawyers are generally not familiar with them, a situation she described as a challenge to change. Nevertheless, she also emphasized the importance of making 'regular' business socially responsible as it was clear to her that the 'the legal form will not determine the ethical or unethical conduct of a company'.

Cliff Prior gave an overview of the current situation of social enterprises in the UK, where 100,000 are created every year. He started his presentation with a clear definition of social entrepreneurs and an explanation of the different stages they must pass through to become one. Among the participants there were several entrepreneurs who presented their projects and sought advice. According to Cliff, social enterprise is 'clearly the way to a sustainable future', underscoring that it is perfectly possible to be a profitable enterprise whilst being social. Ideally, social enterprise and responsible mainstream business will both thrive and complement each other.

The debate was moderated by Paige Morrow, Head of Brussels Operations, as part of the Purpose of the Corporation Project.

    (
)

You may also like these news

Coal phase-out and integration of renewables? Czech power grid poses no obstacle

What would happen to Czech power grid in 2030 if all coal power plants were shut down? On 24 May we have publicly presented a study which simulates this scenario. The result is that even without coal-fired generation it is possible to ensure stable electricity supply in the Czech Republic. The scenario includes an increase in renewables to which the current state of the power grid is no obstacle.

All news
5/29/2018

A Major Win for Air Quality in Brno, Czech Republic

Czech Supreme Administrative Court ruled today in favour better protection of human health from air pollution in Brno, a Czech city with 370 thousand inhabitants. The Court revoked the city's Air Quality Management Plan, issued in 2016 by the Czech Ministry of Environment. The reasoning of the ruling has not been made public yet, but the main argument against the plan was that it was not effective enough and would not lead to a swift achievement of the binding air quality standards. A similar ruling was issued in December 2017 with respect to Ostrava and in February 2018 regarding Prague and Usti region.

All news
2/16/2018

A Major Win for Air Quality in Usti region of the Czech Republic

Czech Supreme Administrative Court ruled yesterday in favour better protection of human health from air pollution in Usti region on the northern border of the Czech Republic. The Court partially revoked the region's Air Quality Management Plan, issued in 2016 by the Czech Ministry of Environment.