{"id":3503,"date":"2018-05-07T16:59:53","date_gmt":"2018-05-07T14:59:53","guid":{"rendered":"https:\/\/www.gca-foundation.org\/?p=3503"},"modified":"2020-06-10T12:27:34","modified_gmt":"2020-06-10T10:27:34","slug":"social-business-vers-un-entrepreneuriat-de-lutilite-sociale","status":"publish","type":"post","link":"https:\/\/www.gca-foundation.org\/en\/social-business-vers-un-entrepreneuriat-de-lutilite-sociale\/","title":{"rendered":"Social Business, towards socially useful entrepreneurship"},"content":{"rendered":"
\"\"

\u00a9 CreditAgricole SA\/CAPA Pictures\/Nicolas Axelrod.<\/p><\/div>\n

For more equitable access to wealth creation, the Grameen Cr\u00e9dit Agricole Foundation calls for a more responsible capitalism that embodies a new "social contract."<\/p>\n

A pragmatic observation<\/h4>\n

With its experience as a pioneer investor in Social Business companies, and supported by a detailed assessment, the Grameen Cr\u00e9dit Agricole Foundation notes that Social Entrepreneurship is, most often, rapidly beneficial for society, but that it takes much longer to reach its financial equilibrium threshold.<\/p>\n

Social Business<\/h4>\n

A social business aims to provide a solution to a societal problem while also seeking to achieve financial profitability. This business model is therefore classic in its financial aspect, but very different because social utility is its primary goal. Profitability is only one means to achieve it sustainably. Its way of creating value does not lie in its ability to meet a market need, preferably with a competitive advantage, but in the pursuit of its social mission, the project of collective utility at the origin of its creation.<\/p>\n

A White Paper, seven proposals<\/h4>\n

In its White Paper, the Grameen Cr\u00e9dit Agricole Foundation sets out seven concrete proposals to improve the effectiveness of social business. From identifying success factors to structuring the social performance of projects, the Foundation presents a unique economic approach.<\/p>\n

1. Create the status of a \u201csocial utility contract\u201d company<\/p>\n

For the Grameen Cr\u00e9dit Agricole Foundation, a social enterprise cannot exist without a contractual act that commits to the societal objectives of the projects.<\/p>\n

2. Value social utility to integrate it into the social enterprise's income statement<\/p>\n

Valuation would consist of identifying and estimating the social and environmental impacts of the company in order to be able to transcribe them in the form of units of account.<\/p>\n

3. Tax-support the development of associations into companies with social utility contracts<\/p>\n

Social businesses need to resort to hybrid financing (donation\/debt combinations) because the particularly low margins of their economic models generally cannot cover investment costs.<\/p>\n

4. Create public-private partnerships in rural areas for access to essential goods<\/p>\n

A social enterprise established in a rural environment can perfectly act as a relay for public action and make itself eligible for a suitable PPP format.<\/p>\n

5. Disseminate low-tech patents in open source<\/p>\n

Open source (royalty-free) low-tech patents are one of the keys to the development of modest and local economies in emerging countries.<\/p>\n

6. Use of deconsolidating financial arrangements in agricultural value chains<\/p>\n

Developing a relationship of trust through contractualization strengthens and structures the agricultural value chain.<\/p>\n

7. Rely on local relays<\/p>\n

The Foundation recommends relying on a local investor member on the board of directors. Their presence will facilitate operations and governance.<\/p>\n

\u00a0"Social and Business: two words that, on the surface, appear to be complete opposites. In the old economic paradigm where individualism was triumphant and its consequence, precariousness, widespread, they resonated like a contradiction, a paradox. An idealist's whim. And yet, their meeting, however singular it may be, is a way forward to rethink and redefine a more responsible capitalism and a deliberately inclusive economy." Eric Campos, General Delegate of the Grameen Cr\u00e9dit Agricole Foundation.<\/p>\n

To download the Social Business White Paper:\u00a0White paper - Social business - BD<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Pour un acc\u00e8s plus \u00e9quitable \u00e0 la cr\u00e9ation de richesse, la Fondation Grameen Cr\u00e9dit Agricole en appelle \u00e0 un capitalisme plus responsable porteur d’un nouveau \u00a0\u00bb contrat social\u00a0\u00bb Un constat pragmatique Forte d’une exp\u00e9rience d’investisseur pionnier dans des entreprises de Social Business, et \u00e0 l\u2019appui d\u2019un bilan chiffr\u00e9, la Fondation Grameen Cr\u00e9dit Agricole constate que […]<\/p>\n","protected":false},"author":12,"featured_media":5499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"pays-actualite":[],"types-publications-media":[],"class_list":["post-3503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-actualite"],"acf":[],"yoast_head":"\nSocial Business, vers un entrepreneuriat de l'utilit\u00e9 sociale - Fondation Grameen Cr\u00e9dit-Agricole<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gca-foundation.org\/en\/social-business-vers-un-entrepreneuriat-de-lutilite-sociale\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Social Business, vers un entrepreneuriat de l'utilit\u00e9 sociale - 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