Shocking Truths Unveiled: The Social Enterprise Sector is Failing Indigenous Businesses

The "Addressing Indigenous Economic Inclusion in the Social Enterprise Sector" report includes interviews with Indigenous leaders and entrepreneurs from Australia, Canada, and New Zealand. The report highlights that the business sector needs to appropriately recognise the importance of Indigenous cultural practices and knowledge in the industry.

First Australians Capital, an Indigenous-led investment firm that recently released a report, has revealed the underrepresentation of Aboriginal and Torres Strait Islander peoples in leadership positions within their sector. This disconnect between decision-makers and those they make decisions for has been detrimental to progress.

"The exclusion of Indigenous culture, worldview, experience, and knowledge has resulted from the creation and leadership of this sector predominantly by non-Indigenous enterprises," business advisory associate director Tiarne Shutt said.

"There is a need to change the perspective and recognition that Indigenous businesses receive from the social enterprise sector.

"It is inaccurate to perceive Indigenous businesses as insignificant economic contributors despite being exploited by the larger sector. There are non-Indigenous-owned businesses still benefit from our knowledge without being held accountable. The lack of reciprocity between the exploited communities and the exploiting businesses is concerning."

Social Enterprise Australia, a peak organisation, stated that the report serves as a timely reminder for the global social enterprise sector to provide room for First Nations businesses, which also applies to Australia.

"People involved in the social enterprise need to be aware that First Nations individuals encounter exclusion, undervaluation, and patronisation even within the sector," said CEO Jess Moore.

"The worldwide industry needs to take action and involve everyone. The report highlights the necessary tasks, including supporting non-Indigenous organisations for First Nations businesses to address community issues. It's important that non-Indigenous organisations not take the lead in this effort."

These findings indicate the changes needed in the social enterprise sector to ensure Indigenous businesses can thrive and contribute their unique perspectives and knowledge. Everyone involved in this sector needs to continue pushing for these reforms and advocating for fair representation and recognition of First Nations businesses.

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This release was published on openPR.