Welcome to a social-enterprise future

Published on May 6, 2019

Is capitalism “broken?” The waves of protests against the status quo continue and business as usual is just not sustainable anymore.

This means we need a new, better, future for work. One which moves away from materialism and which respects the role that stock markets and a demand-led economy can play. This may sound radical, but even capitalists agree.

In Scotland a new stock exchange is set to launch, currently going by the codename Project Heather. The exchange will assess a firm’s profit, but also its wider performance.

This includes technological innovation and social, environmental and community impact.And a new kind of stock market could just be one element of a social-enterprise future. Social enterprises are companies that have a positive social impact. Many will do this via their work, such as employing those with disabilities, but more important is what social enterprises do with their profits.

These firms re-invest or donate profits to create positive social change. This can range from tacking period poverty, reducing re-offending and making life easier for those with mobility issues.

So from the beer you drink — check out BrewGooder for a beer with a positive social impact — to the food you eat and the supply chain your company works with, social enterprises can make a huge difference.

In addition, a social-enterprise future will see more use of technology, the continued rise of co-working and remote working. This could lead to a more positive working environment.

And if the social enterprise model was adopted by big firms, imagine what the impact could be. For example, Shell’s billion-dollar profits could be used to help the developing world diversify faster from carbon.

HSBC could use $3 million per branch to help alleviate local poverty in the community and GSK could invest its millions in reserves into helping children and babies. A social enterprise future for work means a better world, a better planet and a better working life in an economically sound way.


Simon Francis is a contributing writer at Grit Daily. Based in the United Kingdom, Francis covers news from the U.K. each week. To let him know about your good news email him at therooftop.news.

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