MADISON, Wis. (3/30/12)--A new global ranking system for cooperatives, called the International Cooperative Alliance (ICA) World Cooperative Monitor, is being launched by ICA.
In 2012, ICA wants to re-launch the Global 300 report with better methodology to ensure greater accuracy and inclusiveness in its reporting, said Charles Gould, ICA director-general (2012intlsummit.coop March 28).
To accomplish that goal, ICA will partner with the European Research Institute on Cooperative and Social Enterprises to deliver more complete data. ICA first started ranking the top 300 cooperatives worldwide in 2005.
All cooperatives are being asked to fill out an application form to participate in the World Cooperative Monitor, Gould said. For more information, use the link to visit the project website.
Roughly one billion people in 96 countries belong to cooperatives, with credit unions constituting the second-largest segment. The cooperative banking/credit union segment constitutes 26% of cooperatives in the world, according to a recent WorldWatch Institute report.
Cooperatives around the world partnered in January to launch the 2012 International Year of Cooperatives (IYC). ICA is one of three hosts of the 2012 International Summit of Cooperatives, Oct. 8-11 in Quebec City, Canada.
Designated by the United Nations, IYC highlights the contributions cooperatives have made to help reduce poverty, create jobs and promote socio-economic development worldwide.