Some of you might be wondering, “What defines a social impact business?” There isn’t a widely accepted definition, so we at Shopify have decided to define it broadly as the following:
Does the definition resonate with you? How does your business fit within this definition? Or can your business make changes to fall within how we define a Social Impact Business? We always love to hear from our community!
Want to read a bit more about social entrepreneurship, you can read this Shopify blog post.
Not sure where to start? Check out the United Nations’ Sustainable Development Goals. Many businesses are striving towards one or many of these goals.
For anyone in Chicago, the B Corp community is hosting an event around this topic re: United Nations’ Sustainable Development Goals
Thanks for sharing, Shopify!
100% agree re: what has been shared so far - I'd also like to add that it's critical for businesses to start thinking about measuring and sharing out their impact in real-time to increase transparency and donor confidence. Companies like ZOX are doing this really well (they've already raised $255K to build clean water wells in Africa!).
social effect of a business refers to practices identified with workers and work inside the business; remotely, social effect rehearses remember taking an interest for Fair Trade rehearses.. ... These are just an example of the numerous things considered inside the social effect of a business' operations