Sustainable Impact and Social Entrepreneurship

That’s why we would like to talk about sustainability! You might have a question about what that means for your business. Maybe you do not yet know what is meant by this word ”sustainability”.

We would like to give you direction to be part of a major change we are going through, world wide. You have heard about climat change. You read about global warming, poverty, the plastic soup in our seas. So an important question for now is: How can you create impact with your social enterprise?

What Kind of Business Are You in?

  1. The Charity model? So all earning goes to charity
  2. The win-win model? You are making a positive financial value for your company AND a positive social value for stakeholders
  3. The social business model? You creating social impact AND profit on a different social level.

Oh but let us not forget to describe what Impact means for us!

In the next topic, we will talk about the Sustainable development Goals (Global Goals) so let us look for a description in that direction. The United Nations is of great support, looking at their site we found the following definition for you.

Official Definition Of Impact, According To The United Nations:

“Such changes are positive or negative long term effects on identifiable population groups produced by a development intervention, directly or indirectly, intended or unintended. These effects can be economic, socio-cultural, institutional, environmental, technological or of other types. Positive impacts should have some relationship to the Sustainable Development Goals (SDGs), internationally-agreed development goals, national development goals (as well as human rights as enshrined in constitutions), and national commitments to international conventions and treaties.”

– Well, that’s a lot, isn’t it?

Read it again and again, and you will understand it. The connection to your social enterprise is on a strategic level. If the SDG's are really important, and it is, you should think about the previous lessons: What is the Why of your social business? There might be a higher goal, related to the world, to sustain or to one or more of the Global Goals.
Below you will find an example of a big Dutch financial organisation. Besides their financial reporting, the presented an IMPACT REPORT. It is interesting to see how this organisation chose for a different report to measurre impact. Related to the Global Goals.

source: ABM AMRO impact report 2018

So, are you ready for your expedition to the future?