What is a cooperative

What makes a cooperative unique?

Cooperatives operate under the principles of democracy, equality and solidarity, always prioritising people over capital. Their profits do not go to a few, but are rather reinvested in the community, promoting local growth that has a direct impact on the well-being of all. Co-operatives are governed by clear and internationally shared principles.

1. Real democracy: In a cooperative, every member has a voice and a vote. It is a true enterprise of the people, for the people.
2. Equality and solidarity: Without discrimination due to gender, race or social status, co-operatives are open to everybody.
3. Autonomy and independence: They are free and self-managed, ensuring that their decisions always benefit their members and their environment.
4. Commitment to the community: Cooperatives not only generate employment, but also promote sustainable development at the local level.

How do cooperatives contribute to sustainable development?

Cooperatives are key actors in achieving the UN Sustainable Development Goals (SDGs). They not only create decent jobs and eradicate poverty, but also strive to promote social inclusion, gender equality and environmental sustainability. Deeply rooted in their communities, they are the perfect vehicle for achieving positive and lasting impact.

• They are part of an economy that cares for people and the environment, doing business for the good of all.
• They support the most vulnerable people, engaging women, youth, the elderly and people with disabilities in economic and social growth.
• They help make climate change less hard on people, while working to adapt to its effects.
• They follow the values of cooperation and mutual aid, which involve people making decisions democratically.
• They focus on people's well-being more than on making money.
• They distribute wealth among the population so that everyone benefits.
• They help to improve access to food around the world by working to make food systems more fair and sustainable.

The #IYC2025 aims to raise awareness of the role of cooperatives, promote their growth and strengthen collaboration between cooperatives, governments and others.