Accreditation Policy for Akcelos Merchants

All Akcelos suppliers must be accredited. Accredited suppliers meet a set of criteria that determine whether they are social enterprises. Before they can present their products and services on Akcelos, enterprises must therefore be accredited. This is Akcelos’ guarantee that a purchase from an accredited enterprise is a social and responsible purchase.

Akcelos' criteria have to do with the supplier’s mission and social purpose, which should be central to its activities. Three principal categories of enterprises can qualify as accredited suppliers: collective enterprises (or social economy enterprises, including community organizations with a commercial component), social enterprises, and hybrid enterprises.

Criteria for all accredited suppliers cover the following:

-          Mission and social purpose

-          Legal status and ownership

-          Independence from government

-          Governance

-          Management of profits, surplus, or surplus earnings

To be accredited as a collective enterprise (or social economy enterprise), the supplier must meet criteria inspired by Québec's Social Economy Act.  

To be accredited as a social enterprise, the supplier must meet Industry Canada criteria.

To be accredited as a hybrid enterprise, the supplier must be incorporated under either British Columbia’s Community Contribution Company Regulation (C3) or Nova Scotia’s Community Interest Company Act (CIC).

Certain hybrid entities may also become accredited suppliers, for instance, a private enterprise that is owned by a social economy enterprise.

 

Section 1 Criteria for all organizations recognized by Akcelos

1- To be a legal person having a commercial activity of sale or rental of goods or services.
2- To have a mission and a social purpose that meets the needs of its members or the community and which is not centered on pecuniary profit but on service to members or the community.
3- Being autonomous in relation to public, parapublic or religious bodies, ie the majority of the members of the board of directors are not appointed by such an organization.


Section 2 for non-profit organizations and cooperatives

4- Be incorporated in Canada under a provincial or federal law as a non-profit or cooperative organization
5- The principle of one member one vote is respected and the members form the majority of the board of directors.
6- The number of members is equal to or greater than 3.
7- The rules applicable to the management of surpluses or overpayments of the enterprise generated by its activities must prohibit the distribution of these or provide for a limited distribution to the members in proportion to the transactions carried out between each of them and the business.
8- The rules applicable in the event of dissolution of the company must provide that the remainder of its property must be given to another cooperative or non-profit organization sharing similar objectives.

Section 3 Mixed legal status

9- Be incorporated in Nova Scotia as CIC (Community Interest Company) or British Columbia as CCC (Community Contribution Company)


Section 4 Subsidiary or Joint Venture

10- Any form of enterprise whose majority control is exercised by a company otherwise recognized by Akcelos whose profits and dividends not reinvested are mostly distributed to the organization or recognized organizations controlling majority.


Section 5 Social Enterprise

11- Any private enterprise whose majority of the members of the board of directors are not appointed by a single private company
12- The majority of net profits should be directed towards the social purpose with limited distribution to shareholders and owners.

 


Follow us on social media