The 2014 World Co-operative Monitor was officially released at the International Summit of Co-operatives on October 8th, 2014 and is available in its entirety below.
The main goal of the world Co-operative Monitor project is to develop a multi-dimensional database reporting on the socio-economic value and impact of co-operatives both within a global scenario and in their regional and national contexts.
The third edition of the World Co-operative Monitor has revealed that the turnover of the largest 300 co-operatives in the report over the last 3 years has grown by 11.6% to reach 2.2 trillion USD in 2012.
The top 300 co-operative and mutual enterprises in the 2014 Monitor account for 2,205.7 billion USD in turnover, of which 165 billion USD is derived from the banking and financial services sector and 1,156.5 billion USD from the insurance and mutual sector. Covering 26 countries, these top 300 co-ops are mainly involved in the insurance sector (46%), the agricultural and food sector (27%) and wholesale and retail trade (20%). Based on turnover, the top co-operative in 2012 was Japanese-based Zenkyoren, an insurer, with a total output of 77.61 USD billion.
In 2005 the International Co-operative Alliance (Alliance) began the Global300, an initiative finalized to develop a list of the 300 biggest co-operatives and mutual organizations worldwide. In 2011, with the addition of Euricse (European Research Institute on Cooperative and Social Enterprises) as a technical-scientific partner, this Alliance project gains methodological strength. In order to expand and give more scientific basis to the project, Euricse and the Alliance have established a scientific committee consisting of Euricse researchers and other international experts with diverse training and skills.
Dame Pauline Green, President of the International Co-operative Alliance on the need for the World Co-operative Monitor:
“the importance of the World Co-operative Monitor cannot be understated. Not only is it a crucial tool which we can use to raise the profile of co-operatives to policy-makers and industry professionals, but it also provides an incredibly useful starting point for researchers and academics alike. The new 2014 version, which is based on data from a wider than ever pool of co-operatives, shows the growth of the largest co-operatives in the world to be sustainable, even in the face of difficult global economic conditions. Before the existence of the Monitor, data on co-operatives was patchy at best, but now we have strong empirical evidence that our movement is a global economic player with an important stake in the world’s economy. Co-operatives have been given a precious tool which I strongly encourage them to use to demonstrate how important our enterprise model is. It is great that more co-operatives from Asia and Africa have filled in the survey this year, and I hope that even more will take the short amount of time needed to enter their details for 2015’s version.”