Defining social enterprise with global standards
There’s growing demand for businesses that put people and planet first. But it can be hard to tell the real thing from marketing hype.
To help change this, People and Planet First global verification sets five clear and robust minimum standards for social enterprise.
No greenwashing. No social washing. Just businesses that put people and planet first.
The standards outline that social enterprises do five things:
Exist to solve a social or environmental problem
Prioritise purpose, people, and planet over profit in operational decisions
Have a self-sustaining revenue model
Reinvest the majority of any surplus towards their purpose
Choose legal structures and financing that protect and lock-in purpose long term.
Social Enterprise Australia and all the state and territory social enterprise peak bodies endorsed the standards in 2024.
Social Enterprise Australia endorsed the standards because they are:
Independent: no single organisation sets the standards and verifies social enterprises - they are collectively owned by a global network.
Clear: they set the bar on what a social enterprise is, in a way that is visible and easy to understand.
Global: The standards cross borders and mean recognition and opportunities within and beyond Australia.