PWC Philippines said about half of domestic social enterprises are focused on developing the agricultural sector, specifically by improving managerial practices of farmers and growers.
Lawyer Alexander B. Cabrera, PwC chairman and senior partner, estimated the number of social enterprises at 30,000, with agriculture-based enterprises “easily” accounting for half.
“They are seeking to mobilize farmer groups, which help individual farmers become more productive,” Mr. Cabrera told reporters on the sidelines of PwC’s launch of its 2018 Development Social Enterprise Awards (DSEA).
Mr. Cabrera said the PwC will consider undertaking a study that will assess the landscape of social enterprises. The study may also include an analysis of the impact of tax reform.
On Monday, PwC, its Philippine member firm Isla Lipana & Co. and the Benita and Catalino Yap Foundation launched the third edition of the DSEA awards to recognize organizations committed to social objectives.
Deadline for applications is May 4 with awarding scheduled for June.
Qualified nominees should have been in operation for at least two years, be able to lay out well-defined social objectives and have total assets not exceeding P50 million.
At stake are a cash prize of P350,000, free legal consultancy services for two years, and assistance in tapping banks for loans. Finalists and the grand winner will receive training grants from PwC and BCYF. — Janina C. Lim
