Global standards
The five global standards make clear what a social enterprise is, providing a simple and transparent framework recognised worldwide.
They 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
State and territory peak bodies in Australia use the global standards to verify social enterprises.
To simplify the process, we have embedded this assessment into the membership application.
To become a Social Enterprise Member, organisations must meet the minimum threshold across the standards: including at least one point on each standard, and two points on the revenue standard.
You’re welcome to save and come back to this section later if needed. Please note that this assessment is required to approve Social Enterprise membership.