Resource ID: INDIGO-ARES-0049
Link: https://www.socialenterprisemark.org.uk/
Social Enterprise Mark CIC is the only international social enterprise accreditation authority, which led the way in formalising an agreed definition of what constitutes genuine social enterprise, the essence of which is now adopted internationally by the Social Enterprise World Forum.
The Mark is awarded to businesses who meet specific criteria that demonstrate they are working primarily for social and/or environmental goals, and that 50 % of their profits are reinvested towards those goals.
Several criteria have to be meet: have social or environmental aims; have own constitution and governance; earn at least 50 % income from trading (new starts pledge to meet this within 18 months); spend at least 50 % profits fulfilling social or environmental aims; distribute residual assets to social or environmental aims, if dissolved; demonstrate social value.
Impact goal: Social impact
Internal/external: External, Internal
Leader: Social enterprise mark company
Method: Interviews, Mission alignment
Output format: Ordinal
Scale: Meso
Sourcing: Outsource to vendor
Time frame: Ongoing
Type: Consultancy
Used in sectors: Social enterprises, Developed countries
Who: Third sector
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