Social Traders 2023 PACE REPORT

Article by Helen Trinca, The Deal Editor and Associate Editor - The Australian

Article published in The Australian | September 18, 2023 

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Social Traders, released its annual data on Monday, Social Traders CEO Tara Anderson said social enterprise was “business at its best” and the government could help by changing procurement policies to encourage the purchase of goods and services from the - sector.

The annual report analysed data from 518 social enterprises across Australia and found trading revenue is up by 32 per cent in the last financial year, with 75 per cent of revenue coming from business activities rather than grants or donations.

“We are on a mission at Social Traders to make social enterprise business as usual,” she said. “We’re advocating for businesses to buy from social enterprise, government to create supportive policy, and government, investors and philanthropy to back the sector’s growth.

“It’s the business model of the future. Imagine an economy where every business was a social enterprise, where instead of business only maximising dividends for shareholders, we had every business creating purposeful impact for communities and the planet at the same time.”

READ THE SOCIAL TRADERS '2023 PACE REPORT'

For more information on Social Traders visit https://www.socialtraders.com.au