Representing WA’s Social Enterprise sector | Building the Impact Economy | Inclusive Business | Procurement | Certification | Collaboration

2020 has seen disruption to ‘business-as-usual’ in a way that most of us haven’t experienced in our lifetimes. At this time of unprecedented social and economic change, WASEC has been formed by leaders in Western Australia’s social enterprise sector to build a new economy that places community, employee and environmental impact outcomes on an equal footing with sustainable financial returns.

WASEC advocates for and works with new and existing social enterprises to create a thriving, collaborative social enterprise sector in Western Australia, where social enterprise is the first choice for consumers, business and government.  It provides the sector with a collective voice to promote market development including:

• Social procurement across government, business and not for profit sectors;
• Social enterprise accreditation;
• Robust impact & outcomes measurement frameworks;
• Fit-for-purpose legal and financial structures and support
• Provide ethical, values-driven stewardship of what it means to be defined as a social enterprise

WASEC is a proud member of the Alliance of Social Enterprise Networks Australia comprising all 7 State and Territory social enterprise councils, and contributed to ASENA’s submission to the Prime Minister’s Social Impact Investing Taskforce calling for a 10 year plan to create a thriving social enterprise community in Australia. Click here to Download ASENA Submission to the Social Impact Investing Taskforce.

Launch Announcement

8^th September 2020 – Launch of Council to Build Western Australia’s Inclusive Economy – The WA Social Enterprise Council – Media Release

Frequently Asked Questions

Got questions about what social enterprise is all about? Check out our FAQ here.

Member Pre-Registration

Interested in joining our community as a member and coming along to our launch event in November 2020?  Fill in our brief pre-registration form here.

About WASEC – Our Strategic Overview

Want to learn more about who we serve, what we do, and who we are?  Click here.

More information

For media enquiries please contact hello@wasec.org.au and follow us on Linkedin, Facebook and Twitter at the icon links below.

Definitions

A Social Enterprise is a business that exists to deliver a measurable social, cultural or environmental impact. It derives most of its revenue from trading and it reinvests a significant proportion of its profit in furthering its mission.

Impact Investment sees investors actively seek out funding opportunities that are focused on generating actively measured social, cultural and environmental impacts, alongside a sustainable financial return. The result allows investors to sustainability contribute to their communities while meeting their investment objectives. Types of impact investment include early or late stage funding for social enterprises, or equity/debt investment into investable impact projects in areas as diverse as housing, clean energy, regenerative agriculture, agroforestry; It can also be supported through instruments such as social procurement (mandating a target for purchasing through social enterprises, or pay for performance contracts such as social impact bonds.