Europe

Creating a powerful unified voice of impact-driven leaders

Anonymous — Thu, 13 Jan 2022 08:03:47 +0000

Creating a powerful unified voice of impact-driven leaders

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Social Economy

Social Entrepreneurship

social enterprise

social entrepreneurs

Europe

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Social Enterprise

Social Innovation

"I see most often that social innovators are ordinary people brave enough to do extraordinary things." Fireside chat with Suzanne Wisse-Huiskes, CEO of Euclid Network

"During my years living in Nigeria, I have learned that even if entrepreneurs have great ideas, they need to have a supportive ecosystem to flourish. They cannot operate in a vacuum simply because they rely on other systems, like legislation, place of sales, and even research.

At Euclid Network, the European Network for social enterprises and impact-driven leaders, we work with the front runners in the social enterprise space in Europe. Yet, we still need to build up and strengthen an ecosystem that represents them and changes the environment where they operate.

In many ways, social enterprises are raising the bar for creating innovative solutions that have a positive impact.

They have the power to transform industries and inspire change in various ways. I see most often that social innovators are ordinary people brave enough to do extraordinary things. They are taking the energy to work hard for a long time, usually at least five years from the idea phase, before they can see the actual impact of their work.

To get through challenges, social entrepreneurs need to be persistent, resilient and creative, and I think what they teach us is that every business has the power to change the world if they want to.

In order to do that, they definitely need every support they can get along the way. That is where I see the relevance of our work through our community with members based in 21 European countries, including social enterprise support organisations like incubators, national networks, research centres, and universities.

Top 100 Women in social enterprise - initiative of the Euclid Network

A great project that highlights the power of collaboration is the ‘Top 100 Women in social enterprise’ initiative. We launched it in 2021 to celebrate female social entrepreneurs and put their journey and achievements in the spotlight while inspiring and connecting them.

We have two categories for application: Social Entrepreneur and Social Innovator.

We had little funding for this campaign but felt the need to emphasise the work of these fantastic women. We ended up with a project that all my team loved from start to finish and accomplished more through collaboration than we could have imagined.

For me, this was such an amazing experience discovering and sharing so many impact stories. It has also proved not to underestimate the power we all have to challenge and change the status quo we live in.

The call for nominations is open for 2022 as we aim to expand the reach of inspirational stories of female changemakers.

Social enterprises are setting an example for other mainstream enterprises that things can be done differently. They also provide new business models that were not there before, offering alternative products and services to consumers with a unique value proposition.

For instance, if we look at sustainable fashion, there is a lot of learning there that corporates could take on or further explore to set new standards for doing business. For a long time, we have believed that consumers can make their own choices, and once there is a more sustainable product or service, they will ultimately choose that.

But it is not that simple, given the overload of information and the fact that these goods are still more expensive than the non-sustainable products. Now we can see the role of corporations through their supply chains and also the importance of having supportive legislation.

However, the lack of awareness is precisely one of the main barriers to changing business as usual, and that is one of our key focus areas. There are still many misleading assumptions around social entrepreneurship, and our job includes eliminating these assumptions and making sure that we have clear communication towards different stakeholders.

When we talk about social enterprise, we actually speak about many different shapes and sizes and even legal forms depending on the countries we are looking at. So what we rather talk about is their work, activities, and impacts.

One example of why representation is so critical became visible when governments worked on action plans for COVID recovery. Social enterprises were left out of these plans for simple reasons. Underrepresentation and the absence of clear legal structures to identifying social enterprises are not helping when it comes to high-level decision-making.

This is where we need to work hard for better recognition and creating a powerful unified voice that cannot be ignored. A few important and imminent opportunities would include better support from governments; more visibility for the sector; a better understanding of the ‘impact first’ social enterprise business model versus the traditional business model where financial returns come before social and environmental impact; a more supportive legal and policy environment; more aligned funding instruments.

That is what we want to do at Euclid Network, and that is what we are fighting to create more opportunities and allocate more available funding for this sector.

I think we need to step over our own shadows as we operate in a tiny bubble and reach out to stakeholders who could help us. Putting aside differences is part of the process, and honestly, we simply do not have the time to bicker amongst ourselves.

We have a bigger fish to fry, which is unlocking the economic potential of social enterprises.

I trust that our work can activate stakeholders to work for common goals and not just talk about leading the change or creating change but actually doing it. When I see my team at work putting their hearts into our mission and collaborating with our partners, it makes me believe that we can turn things around as long as we stick together."

...

Read the full interview with more insights in the Winter 2021/22 issue of the Profit with Purpose Magazine >>

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January 2022

EU Green Deal climate package set out to fundamentally change lives and businesses until 2030

Business Spirit News reporting — Thu, 15 Jul 2021 16:29:46 +0000

EU Green Deal climate package set out to fundamentally change lives and businesses until 2030

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Making Europe the world's first climate-neutral continent is the primary goal of the recently introduced EU Commission proposal package.

The European Commission adopted a package of proposals on 14 July to apply significant changes in the EU's climate, energy, land use, transport and taxation policies to cut net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels.

The goal is to make Europe the world's first climate-neutral continent until 2050 by embracing the European Green Deal in the next decade.

The proposal introduced by the European Commission is presenting the legislative tools to deliver on the targets agreed in the recently adopted European Climate Law.

These changes aim to fundamentally transform the European economy and society to create a fair, green and prosperous future.

The European Commission on delivering the European Green Deal

President of the European Commission, Ursula von der Leyen, said:

“The fossil fuel economy has reached its limits.

We want to leave the next generation a healthy planet as well as good jobs and growth that does not hurt our nature.

The European Green Deal is our growth strategy that is moving towards a decarbonised economy.

Europe was the first continent to declare to be climate neutral in 2050, and now we are the very first ones to put a concrete roadmap on the table.

Europe walks the talk on climate policies through innovation, investment and social compensation.”

The package introduces a comprehensive and interconnected set of proposals that will enable the necessary acceleration of greenhouse gas emission reductions until 2030.

The specific targets are a combination of new strategies applied in various sectors.

Plans are mainly focusing on emissions trading to new sectors and a tightening of the existing EU Emissions Trading System; increased use of renewable energy; greater energy efficiency; a faster roll-out of low emission transport modes and the infrastructure and fuels to support them; an alignment of taxation policies with the European Green Deal objectives; measures to prevent carbon leakage; and tools to preserve and grow our natural carbon sinks.

What to expect as part of the new plans:

The EU Emissions Trading System (ETS) puts a price on carbon and lowers the cap on emissions from specific economic sectors every year. The Commission proposal aims to reduce the overall emission cap further and increase its annual rate of reduction. This would mean to phase out free emission allowances for aviation and include shipping emissions for the first time in the EU ETS. Besides, a separate new emissions trading system is set up for fuel distribution for road transport and buildings. The Commission also proposes to increase the size of the Innovation and Modernisation Funds.

Phasing out free emission allowances for aviation is part of the EU Green Deal proposal; Image: John McArthur, Unsplash

Member States should spend the entirety of their emissions trading revenues on climate and energy-related projects. A dedicated part of the revenues from the new system for road transport and buildings should address the possible social impact on vulnerable households, micro-enterprises and transport users.
The Effort Sharing Regulation assigns strengthened emissions reduction targets to each Member State for buildings, road and domestic maritime transport, agriculture, waste and small industries.

By 2035, the EU should aim to reach climate neutrality in the land use, forestry and agriculture sectors; Image:Randy Fath, Unsplash

Member States also share responsibility for removing carbon from the atmosphere, so the Regulation on Land Use, Forestry and Agriculture sets an overall EU target for carbon removals by natural sinks, equivalent to 310 million tonnes of CO2 emissions by 2030. National targets will require Member States to care for and expand their carbon sinks to meet this target. By 2035, the EU should aim to reach climate neutrality in the land use, forestry and agriculture sectors, including also agricultural non-CO2 emissions, such as those from fertiliser use and livestock.

Stronger CO2 emissions standards for cars and vans will accelerate the transition to zero-emission mobility by requiring the average emissions of new cars to come down by 55% from 2030 and 100% from 2035 compared to 2021 levels. As a result, all new vehicles registered as of 2035 will be zero-emission. To ensure that drivers can charge or fuel their cars at a reliable network across Europe, the revised Alternative Fuels Infrastructure Regulation will require Member States to expand charging capacity as well.

This will require charging and fuelling points at regular intervals on major highways: every 60 kilometres for electric charging and every 150 kilometres for hydrogen refuelling.

The Alternative Fuels Infrastructure Regulation requires that aircraft and ships have access to clean electricity supply in major ports and airports. The ReFuelEU Aviation Initiative will oblige fuel suppliers to blend increasing levels of sustainable aviation fuels in jet fuel taken on-board at EU airports.
A revision of the Energy Taxation Directive proposes to align the taxation of energy products with EU energy and climate policies, promoting clean technologies and removing outdated exemptions and reduced rates that currently encourage the use of fossil fuels.

A new Carbon Border Adjustment Mechanism will put a carbon price on imports of a targeted selection of products to ensure that ambitious climate action in Europe does not lead to ‘carbon leakage'.

Instead of pushing carbon-intensive production outside Europe, this regulation will ensure that European emission reductions contribute to a global emissions decline.

It also aims to encourage industry leaders outside the EU and international partners to take steps in the same direction.

Sharing responsibility evenly across different sectors and Member States, and providing additional support where appropriate is critical in making these changes happen.

A new Social Climate Fund was also proposed to ensure a fair social transition and provide dedicated funding to Member States.

This support would help citizens finance investments in energy efficiency, new heating and cooling systems, and cleaner mobility.

The Social Climate Fund will provide €72.2 billion of funding to Member States, for the period 2025-2032; with a proposal to draw on matching Member State funding, the Fund would mobilise €144.4 billion for a socially fair transition.

Together, our proposals will spur the necessary changes, enable all citizens to experience the benefits of climate action as soon as possible, and provide support to the most vulnerable households. Europe's transition will be fair, green and competitive,”

said Frans Timmermans, Executive Vice-President for the European Green Deal about the new proposal package.

Headline image: Paul Hanaoka, Unsplash

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July 2021

First female president appointed to lead European Business and Innovation Centre Network

Business Spirit News reporting — Fri, 02 Jul 2021 14:57:31 +0000

First female president appointed to lead European Business and Innovation Centre Network

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As the next President of EBN, Cristina Fanjul aims to further strengthen the organisation by making its network more dynamic, open and inclusive.

Director of CEEI (Centro Europeo de Empresas e Innovación) Cristina Fanjul will become the first woman to lead EBN (European Business and Innovation Centre Network) as President in its 36-year history.

She has been a member of the EBN Board of Directors for five years and has a background as an expert evaluator of the European Innovation Council Accelerator start-up support initiative of the European Commission.

David Uhlir, JIC, Czech Republic, is handing over this role after providing leadership and stability to the organisation in the challenging period marked by the Covid-19 pandemic.

‘’The Board of Directors is pleased to have voted unanimously naming Cristina Fanjul, former Vice President of EBN, as its next President.

Throughout her career, Cristina has demonstrated a commitment to the association community and EBN, and a proven ability to drive alignment and result in a complex, multi-stakeholder environment,’’ Uhlir said.

Cristina Fanjul will become the first woman to lead EBN (European Business and Innovation Centre Network); image:CEEI

Fanjul is a member of the Advisory Group EU Marie Sklovodowska-Curie actions supporting researchers, sits in the Board of the Spanish National Associations of CEEIs/Business Innovation Centres and participates in numerous projects and events of the European entrepreneurial and innovative ecosystem.

’I am honoured to build upon the successful foundation of EBN.

In this unprecedented period of uncertainty, we need to be ready for anything.

My ambition, which I believe we all share, is to strengthen the network making it more open, dynamic, and more inclusive.

And as much as possible, where the pandemic allows it to seek connections and collaborations.

The ecosystem has changed a lot with newcomers in the start-up and innovation world and we need to be prepared to facilitate strong connections with those agents and actors.

The start-up and innovation community deserves the most powerful and effective version of us (European Business Innovation Centres and Associate Members), so we need to meet this ambition,’’ Fanjul shares her ambitions as newly appointed President of the EBN.

EBN is a non-profit organisation serving a pan-European community of people who use innovative business as a driver for regional sustainable economic development.

EBN's initiatives include EU|BIC (European Business Innovation Centre) certification, development and distribution of quality business support programmes, facilitation and initiation of project collaborations, global networking, and advocacy for excellent business support actors.

More than 130 certified EU|BICs and 46 Associate Members in over 30 countries are part of the global EBN network, which supported over 5,200 companies with access to finance, raising in total over €609+ million in investments.

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July 2021

Achieving a climate-neutral EU by 2050 becomes a legal obligation to all member states

Business Spirit News reporting — Thu, 01 Jul 2021 17:29:39 +0000

Achieving a climate-neutral EU by 2050 becomes a legal obligation to all member states

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Newly adopted European climate law is entering into force, ensuring climate neutrality in the EU in alignment with the Paris Agreement.

The European Council ended the European climate law's adoption procedure and set into legislation the objective of a climate-neutral EU by 2050.

This step transforms the European Green Deal’s political commitment to EU climate neutrality by 2050 into a binding obligation, which means that the EU will aim for negative emissions afterwards.

Parliament rapporteur Jytte Guteland (S&D, Sweden) said:

“I am proud that we finally have a climate law.

We confirmed a net emissions reductions target of at least 55%, closer to 57% by 2030, according to our agreement with the Commission.

I would have preferred to go even further, but this is a good deal based on science that will make a big difference.

The EU must now reduce emissions more in the next decade than it has in the previous three decades combined, and we have new and more ambitious targets that can inspire more countries to step up.”

The new EU climate law is entering into force; image:Unsplash

The new law sets a binding Union climate target of reducing net greenhouse gas emissions (emissions after deduction of removals) by at least 55% by 2030 compared to 1990.

By 30 September 2023, and every five years thereafter, the Commission will assess the collective progress made by all EU countries and the consistency of national measures towards the EU’s goal of becoming climate neutral by 2050.

Now that the European climate law has been adopted by both the European Parliament and the Council, citizens and businesses have the legal certainty and predictability they need to plan for this transition.

Given the importance of independent scientific advice, and based on a proposal from Parliament, a European Scientific Advisory Board on Climate Change will be set up to monitor progress and to assess whether European policy is consistent with these objectives.

In addition, an upcoming proposal from the Commission on the LULUCF Regulation (Land use and forestry regulation for 2021-2030) to regulate GHG emissions and removals from land use, land use change and forestry, will increase EU carbon sinks and will hence de facto increase the 2030 EU’s target to 57%.

At the same time, it will publish a projected indicative Union’s greenhouse gas budget for the period 2030-2050, together with its underlying methodology.

“I warmly welcome this final step of the adoption of the EU’s very first climate law, which enshrines into legislation the 2050 climate neutrality objective.

An agreement on the European climate law has been a priority for the Portuguese Presidency and I am glad that we have successfully brought it over the finishing line,” said João Pedro Matos Fernandes, Minister of Environment and Climate Action.

The Commission plans to present a series of proposals on 14 July 2021 in order for the EU to be able to reach the more ambitious 2030-target.

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July 2021

Twelve European impact focused start-ups receive awards

Business Spirit News reporting — Thu, 01 Jul 2021 15:48:57 +0000

Twelve European impact focused start-ups receive awards

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The Impact Shakers Awards shine a light on businesses with a positive impact on society and the environment.

The inaugural Impact Shakers Awards aiming to create a supportive environment for impact-driven start-ups and scale-ups, announced its winners.

The award is inspired by the doughnut economics model that maps human prosperity according to a social foundation and an ecological ceiling.

Winning teams were selected by an expert panel of jury and public voting in twelve categories reflecting on the concept of the doughnut economy: Energy, Water, Food, Health, Education, Income & Work, Peace & Justice, Political Voice, Social Equity, Gender Equality, Housing & Networks.

Twelve winners of the Impact Shakers Awards 2021 European edition

The twelve selected start-ups will be invited to participate in an intensive bootcamp to secure alternative funding and get access to a prize package with valuable tools and workshops for impact entrepreneurs valued at 20.000 euros.

They also will become part of the global Impact Shakers ecosystem and receive access to unique networking opportunities with highly sought after mentors, business angels and impact founders across the globe.

Winning start-ups:

Energy: Charm Impact (Borehamwood, UK) is an impact investing platform that crowdsources loans for clean energy start-ups in developing countries.
Water: BitaGreen (Leuven, Belgium) offers nature-based solutions for urban water management and quality of life.
Health: ResHub (Dublin, Ireland) ResHub is a resident engagement for Aged Care Providers who provide residential care to older adults, from independent living, assisted living, senior living to nursing home settings. •
Gender equality: TaskHer (London, UK) champions women in skilled manual trades.

“We are absolutely thrilled that the work TaskHer is doing has been acknowledged by such a notable panel of judges and awarding body. This award for Gender Equality further validates the pressing need to shift the gender imbalance in this multi-billion pound industry.

Thank you very much to everyone who voted for TaskHer, it means so much to us.”- the TaskHer team recalls winning the award.

Food: LAM'ON (Sofia, Bulgaria) Ltd produces and sells 100% biodegradable and suitable for compost laminating film called LAM'ON and packaging foil - PACK'ON.
Political voice: The Newsroom (Lissabon, Portugal) The Newsroom fights misinformation and promotes plurality online.
Housing: nestful (London, UK) helps those seeking affordable accommodation to co-live with seniors aged 50+ with rooms to spare.
Education: Ecolytiq (Berlin, Germany) Ecolytiq enables banks, fintech companies and financial service providers to show their customers the personal impact of their purchasing behaviour on the environment in real-time.

David Lais, Co-founder and CPO at Ecolytiq, explains why this award is an important step on their journey:

”One of the most powerful tools at our disposal in fighting climate change is education. It is through education that we create awareness and inspire the action needed to solve one of humanity's most pressing issues. That is why we are so happy the Impact Shakers see it the same way we do!”

Income & work: Lightning Social Ventures (London, UK) helps people in financial hardship to receive super fast support and recover from shocks.
Peace & justice: Amurabi (Paris, France) bridges the gap between the law and its users: empowering all users to actually understand and exercise their rights.
Networks: Maanch (Londen, Verenigd Koninkrijk) develops technology to measure, monitor and report on the impact of investments, organisations and philanthropy, through the lens of the UN Sustainable Development Goals.
Social equality: TIIQU (London, UK) is a trust mechanism continuously fed by blockchain-based certificates. They build trusted ecosystems for a modern, inclusive and fair society.

The awards are a part of the broader Impact Shakers ecosystem, the driving force behind the awards, which tackles complex societal challenges through inclusive entrepreneurship and aims to expand opportunities and capacity further to grow.

The organisation is currently developing their impact investment projects and will launch an accelerator later this year. Organisers will also introduce the Impact Shakers Awards in the Middle East and North Africa (MENA) region after the Summer.

Headline image: Photo by Ian Schneider on Unsplash

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July 2021

Public voting is open to select winners of the first Impact Shakers Awards

Anonymous — Thu, 27 May 2021 11:31:45 +0000

Public voting is open to select winners of the first Impact Shakers Awards

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Social Entrepreneurship

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Awards

Business

Social Impact

People are invited from all over Europe to vote for the most innovative impact-driven startups and scale-ups.

Public voting is open until June 18th 2021, to select winners of the first Impact Shakers Awards that takes its inspiration from the doughnut economics model, which maps human prosperity according to a social foundation and ecological ceiling.

Applications were submitted from 24 countries, and an expert panel of jury selected 48 projects that made it to the final round.

Using simple online voting, people can now decide which innovative startup or scale-up will become category winners.

The public can pick winners in twelve categories: Energy, Water, Food, Health, Education, Income & Work, Peace & Justice, Political Voice, Social Equity, Gender Equality, Housing & Networks.

Top 10 countries and cities represented at The Impact Shakers Awards

Finalist projects present various solutions to tackle pressing social, environmental challenges with an entrepreneurial mindset, focusing on data-driven technologies, capturing carbon from the atmosphere, mental health issues, plastic pollution, and more.

Winners will be announced on June 21st and receive access to unique networking opportunities, prizes to accelerate business growth and be invited to participate in an intensive bootcamp to secure alternative funding.

Partners offering prizes for best projects include Quest Impact Design Studio, EVPA, Mikme, SeedTribe, UpEffect, Business Spirit Platform and Adobe.

Yonca Braeckman, CEO of Impact Shakers and founder of the award, said:

“It’s the first time we used the doughnut economics model to work with impact startups, and we can say it’s an excellent and educational first edition.

We’ll continue to research how we can implement insight, collect more data, and measure impact.

At this point, we found significantly more impact startups in the categories energy, health, income & work and food, while there were far fewer in the categories peace & justice, political voice and water.”

Impact Shakers, the organiser behind The Impact Shakers Awards, aims to create a supportive ecosystem in which impact-driven startups can grow into solid and scalable businesses and bridge the gap between impact and profit.

“It’s really great to be able to prove with data what we’ve been sensing for a while: founders of impact startups are more diverse.

Over 80% of the applicants had at least one ‘under-represented founder’ on their team.

Another remarkable trend: many already found interested business angels—even with an impact-driven business model,” says Braeckman about the added value of organising the first edition of the Impact Shakers Awards.

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May 2021

Award is open for sustainable and inclusive European startups

Anonymous — Tue, 04 May 2021 11:52:42 +0000

Award is open for sustainable and inclusive European startups

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Applications for the Impact Shakers Awards are open to European startups and scaleups that positively impact society and the environment.

For the first time, more than 40 impact ecosystem players from all over Europe, including incubators, accelerators, investors and networking organisations, are rallying behind the same cause.

Impact Shaker, organisers of the Impact Shakers Awards, wanted to create a space where impact-driven startups can grow stronger and scale their business idea to bridge the gap between social, environmental impact and profit.

Startups and scaleups from all over Europe can apply until May 7th for the awards inspired by the doughnut economics model that maps human prosperity according to a social foundation and an ecological ceiling.

Yonca Braeckman, CEO of Impact Shakers and co-founder of the Impact Shakers Awards

An international expert jury will pick winners in twelve categories: Energy, Water, Food, Health, Education, Income & Work, Peace & Justice, Political Voice, Social Equity, Gender Equality, Housing & Networks.

Yonca Braeckman, CEO of Impact Shakers lead organiser and co-founder of the awards, said:

“Impact should be a logical part of every business model.

With Impact Shakers, we want to bring about a systemic shift that fosters more diverse entrepreneurship and success.

In 2019, 200 of the CEOs of the top Fortune 500 issued a statement declaring that delivering shareholder value was no longer the chief focus and that value needed to extend to the employees, suppliers and environment.”

The public can also cast their vote over a month-long period, and winners will be announced on June 21st during an online Awards Show.

“One advantage of the awards show is the spotlight it shines on businesses that work in harmony with society and the environment.

By recognising inclusive and sustainable businesses, people can better visualise meaningful alternatives to profit-only enterprises that overuse resources and undervalue segments of the population.

It’s not that profit isn’t important, but it is no longer the only important factor,” says Braeckman.

On top of the Awards, there will be additional supports to help selected startups embrace their idea.

The winners in each category will get to participate in a unique Masterclass to help them 'Raise Alternative Funding', and as part of the program they will get to interact with the top founders in their region and learn from experts as well as peers.

The Impact Shakers Awards are open to European startups and scaleups that positively impact society and the environment; Image: Impact Shakers

At the same time, other prizes include impact service design offered by Quest, tickets to the EVPA (European Venture Philanthropy Association) Annual Conference, UpEffect scholarship for crowdfunding, free upgrade on the SeedTribe platform to o be exposed to a global network of over 250,000 investors from around the world, and more.

Braeckman adds: “We’re launching a warm call for accelerators, investors and all those who care about sustainability, social impact and inclusivity, to encourage startups to apply and be a part of an impactful positive future.”

The Impact Shakers, who is the driving force behind the awards, tackles complex societal challenges through inclusive entrepreneurship and aims to expand opportunities and capacity further to grow.

Together with partners, they created the Impact Shakers Lab to create experimental entrepreneurship programmes.

Here they work with underserved communities and explore new educational methods to help more diverse audiences start using entrepreneurship as a problem-solving method.

They will be launching their own micro-investment fund and accelerator later in 2021.

“We believe in people — especially when they have succeeded against all odds.

If you can get through tough times, break through barriers, then you can also build a company.

Resilience and problem-solving capabilities are ideal breeding grounds for entrepreneurship.

We work to bring out the potential from all walks of life and to incorporate inclusion in every detail,” explains Braeckman.

Headline image: Impact Shakers Awards

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May 2021