New research reports on co-operatives

I wasn’t able to get to the international Co-op Summit in Québec this year, but I have been following what’s been happening over there over the past few days with interest. Usefully, the Summit organisers (the financial co-operative Desjardins) have commissioned a number of studies and reports which have been launched during the event.  One of these is the latest edition of the co-operative equivalent of the Fortune 500 list, the World Co-operative Monitor which is becoming a very valuable annual publication.

My eye has also been drawn to the research findings on public perceptions of co-ops and a study on the effect of the new financial regulatory regime on financial co-ops.  The studies are all helpfully together on one web site, https://www.sommetinter.coop/en/2016-edition/2016-studies.

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The cooperative world in 2014

The folk at the European Research Institute on Cooperative and Social Enterprise who each year labour to produce the World Co-operative Monitor have taken advantage of the Quebec coop summit to launch the 2014 edition there today.

The Monitor is best known for bringing together turnover data on the largest 300 coops and mutuals in the world, and the league tables at the back are likely to be the part of the report which most readers turn to. The Monitor also includes, as it did last year, a set of short profiles of a selection of coops from different parts of the world which help put some colour into what might otherwise be a dry document.

I wonder how many of the companies listed in the league tables might be embarrassed to find that they’re there – or in other words, how many businesses with cooperative or mutual structures there are who don’t identify at all with the cooperative movement.  Certainly the top twenty companies by turnover include quite a fair number of firms (including for example some mutual insurers and agricultural coops) who seem happy to hide their roots.

But maybe the loss is theirs, not ours.  Because it’s interesting how coops and mutuals are increasingly beginning to realise that the public might actually like the fact that they are not a standard plc.

 

Checking out the state of the global cooperative economy

How big is the cooperative economy?  How many businesses are there out there which aren’t ‘capitalist’, if we define that to mean operating to make profits for their shareholders?

Not an easy question to answer in relation to Britain.  Even more difficult for the whole world, but researchers at the European Research Institute on Cooperative and Social Enterprises, based in Italy, are having a go.   EURICSE has been working with the International Co-operative Alliance and has just launched the second edition of its World Co-operative Monitor at ICA’s Cape Town conference.

The Monitor contains data on 2,032 cooperatives, mutuals  and other businesses which in one way or another are quasi-cooperative, from over fifty countries.  Some of the largest have names which will probably ring no bells in Britain: Zenkyoren, State Farm, Kaiser Permanente, Rewe Group, Chs Inc and Achmea are all in the top twenty by turnover, for example. Britain’s Co-operative Group comes in at the 23rd place, incidentally.

EURICSE admits that it’s “not trivial” to decide exactly which businesses to include and which to leave out and say that this year’s Monitor (the second edition) should be considered as work in progress.  It’s also the case that some (perhaps many) of the firms in the list aren’t precisely models of member democratic control or good cooperative governance. But it’s nevertheless helpful to be reminded that, when it comes to the world economy, there are major businesses trading successfully which don’t follow the model of shareholder-owned corporations  which business schools tend to assume is the only one worth considering.

I’d argue that we need businesses which, whilst being profitable, operate not just to make money for their investors but to achieve broader social and environmental objectives.  If we’re looking for these businesses, they may well be listed somewhere in the Monitor.  You’ll find it incidentally at www.monitor.coop.