What is a Social Enterprise
A social enterprise is a commercial organization that has specific social objectives that serve its primary purpose. Social enterprises seek to maximize profits while maximizing benefits to society and the environment. Their profits are principally used to fund social programs.
BREAKING DOWN Social Enterprise
The concept of a social enterprise was developed in the UK in the late 1970s to counter the traditional commercial enterprise. Social enterprises exist at the intersection of the private and volunteer sectors. They seek to balance activities that provide financial benefits with social goals, such as providing housing to low-income families or job training. Funding is obtained primarily by selling goods and services to consumers, although some funding is obtained through grants. Because profit-maximization is not the primary goal, a social enterprise operates differently than a standard company.
GCL respect the concept of corporate profits as a duty to shareholders, but not at the expense of humanity and the environment, especially beyond moral and ethic grounds.
GCL Transaction Advisors are encouraged to take orders and structure deals which does not compromise with social enterprising spirit for a better sustainable future.
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