Policy Dialogue on Building an Inclusive and Creative Economy - The State of Social Enterprise in Indonesia
Interest in social enterprises in Indonesia is growing alongside increased emphasis on entrepreneurship in general. This is evident in the growing number of events, research, and government activities focused on social enterprise. The concept of social enterprise was formally acknowledged for the first time by the Government of Indonesia in 2015, when the People’s Representative Council introduced the National Entrepreneurship Draft Bill and included a definition of social enterprise.
Indonesia’s economy features many Micro, Small and Medium Enterprises (MSMEs), which contribute 57.6% to the GDP and comprise nearly 97% of the total labour force. Roughly 3.1% Indonesia’s population are of the identified as entrepreneurs, an increase of 1.4% in two years. Just like other enterprises, social enterprises seek to generate a profit. The difference is that social enterprises are also motivated by a social mission and reinvest significant proportion of its profits towards their stated mission. These businesses address a range of issues, from the environment to economic inequality and beyond, and often work to empower marginalised people by providing access to education, health and other services.
The policy dialogue will be an opportunity for leaders from government, civil society, the private sector and the social enterprise community to come together to discuss how they can develop policies and strategies support the growth of social enterprises in the Philippines towards building peace, resilience and sustainability.
ESCAP and the British Council signed a memorandum of understanding to promote the growth of social enterprise and impact investment across the Asia-Pacific region as a means of supporting progress on the Sustainable Development Goals. The aim of the agreement is to cooperate to provide research, analysis, training and policy dialogues, while offering guidance to support policy makers and other stakeholders to formulate and implement policies and strategies that foster social enterprise and create enabling environments for social impact investment.
For the full publications please visit here: https://www.unescap.org/sites/default/files/the_state_of_social_enterpri...