ZURICH INSURANCE GROUP
124 up to Social Enterprise UK ’ s ‘ Buy Social Corporate Challenge ’, which committed 10 large UK companies from diverse industries to increase their spend with social enterprise firms . The ‘ Buy Social ’ ethos is completely aligned with Zurich ’ s Purpose and Values . Since then , Zurich has been working directly with organisations like Wildhearts , a stationary producer which uses its profits to fund microloans in the developing world and entrepreneurial training in UK schools ; Ninety , an innovation consultancy that gives 90 % of its distributable profits back to charity ; and From Babies with Love , a promotional items provider that gives 100 % of its profit to orphaned and abandoned children around the world .
“ It ’ s important to clarify that social enterprises are not charities , but companies with primarily social objectives whose surpluses are principally reinvested in the business or in the community , rather than being driven by the need to maximise profit for shareholders and owners ,” says Paiva .
“ Most of the companies we work with are providing career development
OCTOBER 2019