Social Business
TOC
What is social business?
A social business is a business whose main aim is solving social problems while securing sustainable revenue.
Unlike models that depend on charity or donations, it aims for long-term social impact by standing on its own as a business.
It is drawing attention as a framework that can address a range of issues, from the environment and poverty to employment and food loss.
Features and background of social business
Definition: a business model that reconciles solving social problems with profitability
Background: addressing issues that governments alone cannot solve, and rising awareness of CSR and the SDGs
Features: measuring social impact, reinvesting profits, and partnering with communities and NPOs
Benefits: sustainable problem-solving, higher corporate value, and earning stakeholder trust
Trend: growing attention in the context of ESG and impact investing
How Agriture practices social business
Developing food-loss-reducing products from off-spec vegetables
Creating jobs for people with disabilities and older workers through agriculture-welfare collaboration
Planning "regional-circulation" products that draw on local agriculture and heirloom vegetables
Advancing CSR through sustainable packaging and OEM products
Related keywords
Agriculture-Welfare Collaboration
Related articles
The relationship between non-standard vegetables and food loss | Solutions and case studies
The potential of new businesses using unused resources, and 5 secrets to success
The Sustainable Food Future Agriture Aims For
FAQ
Q1. How does social business differ from CSR?
A. CSR is an effort to fulfill social responsibility as part of corporate activity, while in a social business the enterprise itself exists to solve social problems.
Q2. What are successful examples of social business?
A. Microfinance, renewable-energy ventures, and food-loss-reduction businesses are representative examples.
Q3. What kind of social business does Agriture practice?
A. We develop upcycled products from off-spec vegetables and unused resources and advance solutions to social problems through agriculture-welfare collaboration.
