socialekonomisk

Socialekonomisk is an adjective used in Nordic languages to describe activities, organisations and policies that pursue social or environmental outcomes as a primary objective alongside or instead of profit. In practice, the term is closely linked to the social economy, a sector that encompasses a range of enterprises and organizations designed to address social needs through sustainable business models.

The social economy includes cooperatives, mutuals, associations, and foundations. These entities are typically member- or community-owned, emphasize democratic governance (one member, one vote) and reinvest profits to support their social mission rather than distributing earnings to external shareholders. Socialekonomisk activity often aims to provide employment, services or goods to underserved groups, foster social inclusion, and promote local development.

Policy and practice: In Nordic and European contexts, socialekonomisk approaches are supported by laws, funding programs, and public procurement that recognise the public value of social enterprises. They may operate in sectors such as worker-owned manufacturing, housing, health and social care, childcare, and environmental services.

Measurement and challenges: Assessing social impact, using indicators such as social return on investment (SROI) or impact dashboards, is central but complex. Common challenges include securing affordable finance, navigating diverse regulatory regimes, and competing with for-profit providers on price or scale.

Relation to related concepts: The term overlaps with social entrepreneurship, CSR, and civil society organisations. While not every socialekonomisk initiative operates as a formal enterprise, the common thread is a deliberate prioritisation of social value alongside economic activity.