A cooperative is an organisation owned and run by its members, for the benefit of those members rather than proprietors or shareholders.
There are around 3 million cooperatives active around the world, which between them have over 1 billion members. These cooperative businesses are active in every sector - from agriculture, energy and IT to housing, health and finance (credit unions). There are also different types, such as worker-owned coops, consumer-owned coops, multi stakeholder coops, credit unions and platform coops.
They have an increasingly important role to play in a world marked by growing inequality and economic exclusion, where young people face unemployment or low-quality, insecure jobs.