Social enterprise advocates believe greater recognition of the sector’s diversity is needed to help more for-purpose businesses win corporate and government contracts.
Development organisation Social Traders has provided national certification for Australian social enterprises for more than a year, but is now updating the framework to make it easier for a more diverse range of social enterprises to qualify.
The idea is to even the playing field for all sorts of business types to gain social procurement opportunities with the corporate and government sectors.
There are currently 290 certified social enterprises, which have to provide legal and financial documents to prove they match the definition of a social enterprise and meet rigorous standards.
The new certification framework follows a comprehensive industry review and will include impact indicators.
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