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When it comes to giving back to the community, there's a growing number of ways companies can do so, and a new report from Social Enterprise UK finds that companies in the UK are spending more than half a billion dollars with social enterprises each year, the Guardian reports.
Companies such as Johnson & Johnson, Nationwide, and PwC are among those taking part in the Buy Social Corporate Challenge, in which they work with social enterprises to boost corporate spending on impact.
Since its launch in 2016, the challenge has seen a total of 477 million dollars spent with 30 companies, per the report, which also found that in 2023, the program's highest trading levels have occurred, with partners spending more than a quarter of the project's total spending.
The Buy Social Corporate Challenge is part of the government's Climate Action Week, which also includes a series of events focused on social enterprise.
The report found that more than half of social enterprises have been founded or co-founded by women, and a third have been established for more than 10 years, per the Guardian.
Meanwhile, a new report from Germany's Social Netzwerk Deutschland shows that more than half of social enterprises have been founded or co-founded by women, and a third have been established for more Read the Entire Article
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A customized collection of grant news from foundations and the federal government from around the Web.
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Social Entrepreneurship
Spotlight
Influencing Social Good Through Retail
When Hannah Davis traveled to China to teach English, she noticed how Chinese workers and farmers were often sporting olive green army-style shoes. Those shoes served as her inspiration to create her own social enterprise, Bangs Shoes.
