What is a social enterprise?
A social enterprise (SE) is a hybrid company with specified social goals as its primary objective, challenging the traditional model of charities and businesses. Profits are primarily utilized to fund social activities, and social enterprises attempt to maximize profits while maximizing benefits to society and the environment.
Core characteristics of social enterprises in Thailand
- A financially sustainable business model, socially and environmentally friendly.
- Operate with transparency and good morals.
- Earn at least 50% of the income from the sale of products or services unless a business that does not wish to share profits with partners or shareholders may earn less than 50% from the sale of goods or services.
- Use at least 70% of profits for social purposes and share profits with business owners or shareholders of not more than 30% of total profits.
- No…
