If you're in the business of making the world a better place, there's a new model you may want to try: social enterprise.
As the Social Enterprise Council of New South Wales, Australia, explains in a press release, "social enterprises do three things: They have a social, cultural, or environmental purpose, they generate a substantial portion of their income from trade, and they invest profit and resources into their purpose so that public/community benefit outweighs private benefit."
In other words, they're "business for good," explains Mashable.
But they're not just for big cities: Social enterprises are now a thing in every region of Australia, and organizers of an inaugural "Social Impact in the Regions" conference in Coffs Harbour say it's the biggest such gathering ever in the region.
"There is so much to be done in our region to support housing shortages, to young people in their future pathways and beyond," conference organizer Kerry Grace tells the News of the Area.
"Impact practitioners need all the support they can get and this conference has been designed to do just that."
Speakers at the Sept.
6 conference will examine funding models to "enable more sustainable, impactful activities and network with like-minded people working in regional Australia,"
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The United Nations Intergovernmental Panel on Climate Change (IPCC) published the first of three volumes of its fifth Assessment Report (AR5). The findings of the report show that mainstream businesses have become greener, with an emphasis on reducing carbon emissions which are the key sectors for impact investment.