November 2024

Mohammad Anas Wahaj | 29 nov 2024

Social enterprises bring innovative solutions to social good issues through business-like methodologies. According to the report published in April 2024 by Schwab Foundation for Social Entrepreneurship in collaboration with Bertelsmann Foundation for World Economic Forum, 'The State of Social Enterprise: A Review of Global Data 2013-2023' [Contributors to the report: François Bonnici (Director, Schwab Foundation for Social Entrepreneurship & Head of Foundations, World Economic Forum, Switzerland); Veerle Klijn (Policy Lead, Global Alliance for Social Entrepreneurship, Schwab Foundation, Netherlands); Daniel Nowack (Head, Global Alliance for Social Entrepreneurship, Schwab Foundation, Switzerland); Tiffany Bennett (Research Manager, Euclid Network, Netherlands); Dan Gregory (Associate Director, Social Enterprise UK, United Kingdom)], provides a comprehensive synthesis of the global state of social enterprise, using data from more than 80 countries gathered between 2013 and 2023. It aims to inform policy-makers and business leaders about the underestimated contribution of social enterprise towards global GDP, employment and the Sustainable Development Goals. In the foreword of the report, Hilde Schwab (Chairperson and Co-Founder, Schwab Foundation for Social Entrepreneurship) and Brigitte Mohn (Member of the Executive Board, Bertelsmann Stiftung), say, 'As social enterprises gain momentum worldwide, the need for reliable data increases. Since 2013, a range of actors have been gathering data in more than 80 countries. Their insights reveal that social enterprises are a significant economic force driving positive outcomes worldwide...The report highlights the power of such data and calls on governments, international organizations and the social enterprise ecosystem to invest in and coordinate for a strong data infrastructure at a global level...Social enterprises are not merely catalysts of change; they embody a fundamental shift in how businesses can tackle societal problems on a global scale. At the same time, they prioritize benefits for employees, communities and the planet alongside financial returns. They are at the forefront of the transition towards a fair, sustainable and equitable economy - the stakeholder economy.' HIGHLIGHTS OF THE REPORT: The global data indicates that there are approximately 10 million social enterprises across the world, which means they comprise more than 3% of all businesses; Social enterprise accounts for around 2% of global GDP and 3% of all businesses; They generate around US$ 2 trillion in revenue each year; They create nearly 200 million jobs; They bridge the gender gap, with one in two social enterprises worldwide led by women, compared to one in five for conventional enterprises; They deliver against all the United Nations Sustainable Development Goals (SDGs), especially those focused on health and education, climate and jobs, thereby reducing poverty and inequality; According to Statista.com, Social enterprise is larger than the US$ 1.79 trillion apparel industry and almost twice the size of the US$ 1.01 trillion advertising industry; The study reveals gaps and challenges in social enterprise data. These challenges include the availability and quality of data, the comparability of the available data and the difficulty with quantifying social and environmental value creation; Barriers faced by social enterprises include - limited access to finance, lack of public awareness and recognition, lack of government support, inadequate legal and/or fiscal framework, limited access to procurement processes. The report concludes, 'Robust data on social enterprise is critical to inform policy-makers on the design of policies and the most effective allocation of resources.' Read on...

World Economic Forum: The State of Social Enterprise: A Review of Global Data 2013-2023
Authors: François Bonnici, Veerle Klijn, Daniel Nowack, Tiffany Bennett, Dan Gregory

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