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Just three weeks left to be part of the first RBS SE100 Index

10 March 2010
by
Chrisanthi Giotis

Not part of the SE100 yet? Sign up today at www.se100.co.uk

Only three weeks remain before the first ever index designed to track the growth and impact of social enterprises closes for its first year.

The RBS SE100 Index is a tool created by Social Enterprise to put the facts and figures behind the great stories of social business.

It is backed by major sponsorship from RBS Community Banking and endorsed by the Office of the Third Sector, with support from partners across the social business arena.

By asking questions about organisations' turnover and how they report their social impact it aims to find the star performers in the sector and reward them with £25,000 prize money as well as trips to the 2011 World Forum in South Africa and tailored consultancy.

Social Enterprise editor Tim West said: 'We want the world to know that social enterprises are robust businesses doing great work to change lives and communities for the better - but stories alone are not enough.

'To be taken seriously, we need the facts. The RBS SE100 Index is providing the market intelligence to persuade investors, policymakers and procurers of public services just what social businesses are made of.'

The awards ceremony on 9 June will celebrate the top 100 performers in growth and those that are doing the most effective job of reporting their social impact. The event will see the launch of the first RBS SE100 data report, which will reveal how social enterprises are performing across regions and sectors like health and education.

West said it wasn't just the high achievers that the index was interest in.

'To get an accurate picture of the marketplace we need as many social enterprises as possible to fill in the ten minute survey online. This is about getting a true and transparent picture of the social business marketplace,' he said.

While the index will be ongoing the first set of results will be collated on 31 March.

Organisations wishing to be considered for the first year's index need to visit www.se100.co.uk before the end of the month.

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Comments

SE100

Submitted by Gemma on 11 March 2010 - 4:28pm.

Thanks for your comment Jeff.
Sorry to hear you had no response from the SE100 - I'll check the database and sort that for you straight away.
The reasons you give for not continuing with the SE100 show why we launched it - social enterprises are growing all over the UK and the SE100 can show how they are proving their social impact.
Find out more at www.se100.co.uk

Done that

Submitted by Jeff Mowatt on 11 March 2010 - 11:48am.

I filled in the survey last year and there was no response. As a low turnover business creating impact overseas we don't place as much emphasis on turnover and reporting as the impact we make on our social objectives.

We've created influence on a foreign government which has persuaded them to improve institutional childcare conditions and double allowances for adopters with the long tail of a 40% increase in domestic adoption. We've also leveraged assistance from US government in the creation of a new foundation to support 'sustainable community enterprise'

http://people-centered.net/About.aspx

The profit for purpose model we conceived in our 1996 white paper for inclusive capitalism is now reflected in the work of many new advocates of the for-profit approach and CSR 2.0

http://en.wikipedia.org/wiki/Inclusive_capitalism#People-Centered_Economic_Development

Social business is to us, as one of the pioneers, is a trading organisation which invests its profit to achieve a social outcome, rather than being dependent on donations and grant funding.

Muhammad Yunus can be considered aan authority on this subjext.

http://www.muhammadyunus.org/Social-Business/social-business/

Jeff Mowatt
People-Centered Economic Development

p-ced.com
people-centered.net