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The Royal House joins the cooperative business model recognition
25 09 2012
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This event is part of the institutional agenda of CEPES to commemorate the International Year of Cooperatives proclaimed by United Nations. It has been present throughout the Spanish cooperative sector consisting of 22,000 cooperatives, 1.2 million direct and indirect jobs and a turnover of 60,000 million euros

(Madrid, September 25, 2012). - The Royal House has joined the cooperative business model recognition after an audience granted today in the Zarzuela Palace by HRH the Prince of Asturias Spanish Cooperative Sector integrated into the Spanish Business Confederation of Social Economy (CEPES).

The event aimed to introduce his Highness the Spanish cooperative movement and highlighting business and social values "?"?of this business model: the maintenance and creation of employment, wealth redistribution, reinvestment of profits, social cohesion The relocation not the territory.Features that show that the cooperative business sector economic efficiency and solidarity are key elements of management.

Cooperative enterprises are present in all economic sectors with small and large business groups are, in these times of difficult economic conditions, proving to be an example of flexibility, adaptation and adjustment to the point of being able to point out that cooperatives have destroyed, among 2008 and 2012 10% fewer jobs compared to other business models.

This meeting is part of the events planned by CEPES to commemorate the International Year of Cooperatives 2012 proclaimed by the United Nations.

The hearing was attended by the Minister of Employment and Social Security, Fátima Banez and Director of Sefl Employment, Social Economy and CSR, Miguel Angel Garcia.

CEPES The delegation, which was led by its president, Juan Antonio Pedreño, Chairman of CEPES, has had the greatest Spanish representatives of the cooperative movement, both state and regional level: the worker cooperatives, agro-food cooperatives, consumer cooperatives and users, transport unions, cooperatives education, housing cooperatives, sea cooperatives and credit ccoperatives.

In addition, also attended the heads of the most important cooperative business groups in our country, such as the Mondragon Corporation, the Group ASCES, Clade Group, the Distribution Group Health Cooperative UNIDE and integrated Espriu Foundation and Fishermen's Guilds.

The Prince has expressed explicit support to the cooperative model as a company generating employment and as a way of doing business that is based in the territory and therefore not relocated.

During the Hearing greatly valued SAR has the lowest job destruction by the cooperative during these years of crisis, linking these results to the linkagethe person maintaining the business project. Prince of Asturias also has drawn many future challenges for the sector as innovation and export

In Act Juan Antonio Pedreño said that "it is necessary to support the cooperative enterprise for being a model of a firm commitment by its commitment to the maintenance and creation of jobs", "a model that does not seek profit maximization so immediately, but over a lifetime "added the president of CEPES"

Spain has about 22,000 cooperatives, the business sector is responsible of 1,200,000 direct and indirect  jobs and represents a turnover of close to 60,000 million.

On the world stage are about 1000 million members around the world and over 100 million people who are working in cooperatives. The 300 largest cooperatives in the world bill more than 1.6 trillion dollars.