Media Release – 25 July 2022 Queensland Social Enterprise Council Ltd
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The Social Economy is shaking off the “Not for Profit” mantle, emerging as a significant economic lever to address social, environmental, and cultural disadvantage.
As the globe reels from pandemic aftershocks, the Global Alliance for Social Entrepreneurship1 has released the international trends that are re-shaping the way we think about business as usual in their May 2022 insight report: Unlocking the Social Economy2.
The World Economic Forum article3 suggests that approximately 6% of the EU workforce today are employed by 2.8 million social economic organisations, with $1.845 trillion forecasted assets under management through the impact investment market by 2023.
With over 11 million social enterprises4estimated across the world, local Australian social markets are also emerging at pace, and especially in Queensland 5. Although social impact business has been around for some time6, social enterprises have been our best kept secret for far too long. With the Social Enterprise World Forum coming to Brisbane in September 20227, there has never been a better time to discover social enterprise.
That’s why the Queensland Social Enterprise Council Ltd (QSEC) is delighted to be able to launch QSEC Stories, an engaging storytelling platform to discover social enterprise, connect stakeholders with business for good near you.
“Thanks to support from the State Government, we have assembled a range of impact stories from social enterprises from across Queensland, celebrating the diversity of solutions to critical issues in our communities,” QSEC President Richard Warner said.
Social enterprises are businesses created to do good. They come in many forms, from coffee shops to law firms, selling a wide range of products and services.
“Uniquely, these businesses often serve the most disadvantaged in our communities through job placement, social connection, cultural exchange and environmental impacts. The way these enterprises deliver services is how social enterprises make a big difference,” Mr Warner continued.
QSEC CEO Elise Parups added, “The QSEC Stories launch is just the beginning. We are calling for all social enterprises to stand up and be counted and get your story on the map. Consumers can then locate their local social enterprise and switch to good, to make the world a little better every time they purchase.”
To hear the social enterprise stories of impact, get involved and find out more, visit www.qsecstories.org.au today.
Look for # on social media: #discoversocialenterprise #qsecstories #switch2good #positivetransaction #socialenterprise #supportsocial
Media: Elise Parups Chief Executive Officer QSEC firstname.lastname@example.org
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1 World Economic Forum 2022, Global Alliance for Social Entrepreneurship; Public and private sector leaders in support of the social innovation movement. https://initiatives.weforum.org/global-alliance-for-social-entrepreneurship
2 Schwab Foundation for Social Entrepreneurship & World Economic Forum, May 2022, Unlocking the Social Economy, in collaboration with Deloitte. https://www3.weforum.org/docs/WEF_Unlocking_the_Social_Economy_2022.pdf
3 World Economic Forum, 23 May 2022, Unlocking the Social Economy: Towards an inclusive and resilient society, In collaboration with Deloitte and in partnership with Catalyst 2030, Euclid Network, Motsepe Foundation and the Schwab Foundation for Social Entrepreneurship. https://www.weforum.org/reports/unlocking-the-social-economy-towards-an-inclusive-and-resilient-society-davos2022
4 British Council & Social Enterprise UK, June 2022, More in Common: the global state of social enterprise. https://www.britishcouncil.org/sites/default/files/more_in_common_global_state_of_social_enterprise.pdf
5 Queensland Social Enterprise Council 2021 Annual Report https://www.qsec.org.au/resources/Documents/QC011_Annual%20Report_Single_LR.pdf
6 Barraket J, Mason C & Blain B, June 2016, Finding Australia’s Social Enterprise Sector (FASES). Centre for Social Impact in collaboration with Social Traders. https://www.csi.edu.au/media/uploads/FASES_2016_full_report_final.pdf
7 Social Enterprise World Forum 2022 https://sewfonline.com/events/sewf-2022/