Social Enterprises and Certified B Corporations in Hong Kong : Development, Key Lessons Learnt, and Ways Forward

Research output: Chapters, Conference Papers, Creative and Literary WorksRGC 12 - Chapter in an edited book (Author)peer-review

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Author(s)

Detail(s)

Original languageEnglish
Title of host publicationThe International Handbook of Social Enterprise Law
Subtitle of host publicationBenefit Corporations and Other Purpose-Driven Companies
EditorsHenry Peter, Carlos Vargas Vasserot, Jaime Alcalde Silva
Place of PublicationCham
PublisherSpringer 
Pages601-619
ISBN (Electronic)9783031142161
ISBN (Print)9783031142154, 978-3-031-14218-5
Publication statusPublished - 2023
Externally publishedYes

Abstract

Social enterprise (SE) has experienced rapid development over the last 15 years in Hong Kong both in quantity and quality of its solutions and models and the diversity of social issues tackled. In this chapter, we reflect on the journey of the rise of this sector in Hong Kong, the key drivers of and players in the sector, and some of the encouraging and discouraging lessons we learned so far--as observers and operators--in the sector. However, SE are not alone since there are other newer developments such as Certified B Corporation (B Corp)--starting six years ago in Hong Kong--which has a shared interest but follows a different trajectory and model closer to the business world. Following these insights, we conducted focus groups to further understand key businesspeople and social enterprise players’ views about what B Corp can do to achieve “shared prosperity” in Hong Kong. While this chapter does not offer a formula to resolve Hong Kong’s problems, it provides some useful recommendations on the applicability of B Corp as a framework to inspire and guide mainstream businesses to become purpose-driven companies that strike a healthy balance of people, profit, and planet. © The Author(s) 2023.

Citation Format(s)

Social Enterprises and Certified B Corporations in Hong Kong: Development, Key Lessons Learnt, and Ways Forward. / Tse, Ka Kui; Choy Yung, Rebecca; Chandra, Yanto et al.
The International Handbook of Social Enterprise Law: Benefit Corporations and Other Purpose-Driven Companies. ed. / Henry Peter; Carlos Vargas Vasserot; Jaime Alcalde Silva. Cham: Springer , 2023. p. 601-619.

Research output: Chapters, Conference Papers, Creative and Literary WorksRGC 12 - Chapter in an edited book (Author)peer-review