Corporate social responsibility
How a business takes account of its economic, social and environmental impacts in the way it operates, maximising the benefits and minimising the downsides.
Ethical purchasing
The commitment to carry out its activities in an ethical manner. All activities should be based on the principle of upholding basic human rights or ensuring the least-negative impact on the environment.
Investment to save
A coherent, planned approach to the development of services to ensure that unnecessary expenditure is avoided and that available resources are used effectively and efficiently for long-term benefit.
Not-for-profit
Describes an organisation that has been established to reinvest any financial surpluses back into achieving the objectives of the organisation. Often used when referring to the voluntary sector.
Social Enterprise
A business that trades in the market for an explicit social purpose. Their characteristics are a clear social aim; socially owned and an enterprise-orientation where their turnover is derived from sales or contracts.
Social Firm
One type of social enterprise; a business set up specifically to create employment for disadvantaged people.
Social investment
A term used to describe investment in an organisation that is focused on the social rather than the financial return.
Social Return on Investment (SROI)
A measure of an organisation’s added-value by calculating the social, environmental and economic benefits it creates and by attributing a financial value to them.
Sustainable development
How the economic, social and environmental parts of our lives and society connect. Sustainable development is seen as development which meets the needs of the present without compromising the ability of future generations to meet their own needs.
Venture philanthropy
The process whereby individuals invest money and time in social and environmental organisations.
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