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International Day of Cooperatives

3 July, 2021

Founded in 1895, the International Cooperative Alliance is one of the oldest and largest (with 1.2 billion cooperative members) non-government organisation globally. It works to create the legislative environments that allow cooperatives to form and grow. Cooperatives are people-centred enterprises jointly owned and democratically controlled by and for their members to realise common socio-economic needs and aspirations. Managed by producers, users or workers, cooperatives are run according to the ‘one member, one vote’ rule. Cooperatives employ 280 million people (10% of the world’s employed population), with the largest 300 cooperatives and mutuals reporting a total turnover of 2,034.98 billion USD.  Cooperative principles include:

  • voluntary and open membership
  •  democratic member control
  •  member economic participation
  • autonomy and independence
  • education, training, and information
  • cooperation among cooperatives
  • concern for community

International Day of Cooperatives is to strengthen the potential of cooperatives in solving economic, social and environmental problems, to minimise and improve legal and administrative constraints on cooperatives and to improve the contribution of cooperatives to national economies.

 

Image: International Cooperative Alliance (@icacoop) conference 2021