The 2016 edition of the Panorama sectoriel et du Top 100 des entreprises cooperatives (“Panorama of industrial sectors and Top 100 cooperatives”) illustrates – and with figures to support its conclusions – the importance of the contribution made by cooperatives to the French economy.
The socio-economic impact of France’s 23,000 cooperatives, which employ a total of 1.2 million people, makes this type of company one of the major players in the domestic economy. The share of employees working in cooperatives is 5.1% of the total, a figure that has risen consistently since 2008. With aggregate net sales of €307 billion (up 0.3% vs. 2012), they confirm their steady growth over the past 10 years.
France is also the world’s second largest country for cooperatives and its cooperative movement enjoys the status of an international benchmark. In 2015, at the UN conference organized to adopt the objectives of sustainable development, it played a key role in ensuring recognition of the preeminent position enjoyed by cooperatives in this area.
In this edition of the Panorama, Jean-Louis Bancel, Chairman of FR Coop and Chairman of Crédit Coopératif, a Groupe BPCE banking institution, reminds us that French cooperatives, which play an active role at a local and regional level, are also full-fledged citizens of the world.
The 2016 edition of the Panorama, whose main theme is innovation, is illustrated by numerous testimonies from major players in cooperative life, including three Groupe BPCE companies: the Caisse d'Epargne Lorraine Champagne Ardenne, Banque Populaire Loire et Lyonnais, and Crédit Coopératif.