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Cooperatives Building a Better Future for All

This year on July 6, cooperatives around the world will celebrate the International Day of Cooperatives with the theme "Cooperatives Building a Better Future for All". Cooperatives will have the opportunity to showcase their current and historical contributions to building a sustainable future, accelerating efforts to implement the Sustainable Development Goals (SDG) by 2030. The theme aligns well with the objectives of the upcoming Ãå±±½ûµØSummit of the Future whose theme is "Multilateral solutions for a better tomorrow".

For the 2024 #CoopsDay, cooperatives can showcase their high standards for inclusive and sustainable growth, and service as stewards for protecting the environment and fighting climate change. Through democratic governance and shared ownership, cooperatives set an example for peace and stability, bringing people from diverse backgrounds together on equal terms, and fostering understanding and respect.

The 2023 acknowledged that cooperatives have a track record of promoting the economic and social development of all people including marginalized groups. This day will build the momentum towards the 2025 International Year of Cooperatives, which was declared by the Ãå±±½ûµØlast year.

Brief History

The earliest record of a co-operative comes from Scotland in March 14 1761. In 1844 a group of 28 artisans working in the cotton mills in north of England established the first modern co-operative business.

Background

The Co-operatives Movement

Co-operatives have been acknowledged as associations and enterprises through which citizens can effectively improve their lives while contributing to the economic, social, cultural and political advancement of their community and nation. The co-operative movement has been also recognized as a distinct and major stakeholder in both national and international affairs.

Co-operatives' open membership model affords access to wealth creation and poverty elimination. This results from the co-operative principle of members' economic participation: 'Members contribute equitably to, and democratically control, the capital of their co-operative.' Because co-operatives are people-centred, not capital-centred , they do not perpetuate, nor accelerate capital concentration and they distribute wealth in a more fair way.

Co-operatives also foster external equality. As they are community-based, they are committed to the sustainable development of their communities - environmentally, socially and economically. This commitment can be seen in their support for community activities, local sourcing of supplies to benefit the local economy, and in decision-making that considers the impact on their communities.

Despite their local community focus, co-operatives also aspire to bring the benefits of their economic and social model to all people in the world. Globalization should be governed by a set of values such as those of the co-operative movement; otherwise, it creates more inequality and excesses that render it unsustainable.

The cooperative movement is highly democratic, locally autonomous, but internationally integrated, and a form of organization of associations and enterprises whereby citizens themselves rely on self-help and their own responsibility to meet goals that include not only economic, but also social and environmental objectives, such as overcoming poverty, securing productive employment and encouraging social integration.