Understanding different impact entities - with a focus on SE
The term 'social economy'refers to all business activities that are not only driven by a strong socialmission but also intended to be economically viable. This includes cooperatives, non-profit associations,foundations and social enterprises, covering a wide range of activities.
In Malta, the Social Enterprise Act was enacted in 2022. Social enterprises are operators in the social economy whose main objective is to have a social impact rather than make a profit for their owners or shareholders. They operates by providing goods and services for the market in an entrepreneurial and innovative fashion and use their profits primarily to achieve social objectives.They are managed in an open and responsible manner and, in particular, involve employees, consumers and stakeholders affected by their commercial activities.
During this session, Dr. Roberta Lepre, Managing Director at Weave Consulting , and project director at SEAM (Social Entrepreneurs Association Malta) will give an overview of the status of the social economy in Malta, the provisions of the newly enacted social enterprise act, and will then lead with an interactive discussion on what is needed for the social economy ecosystem in Malta to be promoted as a driver for the implementation of the Sustainable Development Goals.