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To Download the PDF File Introduction The ICA Global 300: The 2008 listing This is the third consecutive year that the International Co-operative Alliance (ICA) publishes the Global300 list to highlight the important role co-operative enterprises play in national and international economies. The Global 300 listing responds to those who continue to underestimate the significance of co-operatives. It provides financial and other data that proves that co-operatives are successful businesses, important employers and contribute in real terms to economic stability and sustainable development. More than just a list: A Global Online Database To enhance data collection facility and ensure reliable data, the ICA has started work on a global on-line database. The web-based global co-operative database will include quantitative data - financial and other indicators - but will also grow into a one-stop shop to learn about the Global 300 co-operatives, ICA members and other co-operatives. In a staged development, the database will generate co-operative profiles including financial data, Corporate Social Responsibility (CSR), sustainability and social reports, as well as links to current news. The database is expected to assist in strengthening ICA’s role in building networks of global co-operative leaders. It also has the potential of leading and co-ordinating global, regional and national initiatives on data collection and evidence-based policy and advocacy. Finally, the development of the on-line database will further address ICA’s strategic objective of promoting co- operatives as a special values based business model by building a co-operative business intelligence service for analysis and benchmarking performance, not only in financial terms, but also in terms of the co-operative values and principles. Hassan Kashef Global 300 Manager [email protected] October 2008 Methodology The following approach was adopted in compiling the 2008 Global 300 list. Data Source The two primary data sources used were: • Audited public accounts – these provide an independent verifiable source for the financial figures. As a consequence of our work, we have developed an extensive electronic database of Global 300 annual reports and other relevant public documents. • Existing databases of co-operative and mutual organisations. In particular we have worked with a number of ICA’s national members, sectoral organisations and co-operative researchers to ensure consistency of data and approach. Selection Criteria Revenue was used as the criteria for selection and ranking. US dollar was used with local currencies converted into USD on the conversion rate at the respective 2006 financial year end. The highest level of audited business aggregation was used. This has meant that we include a number of regional co-operatives belonging to national groups, where such national groups do not have audited consolidations. If a co-operative or mutual group had majority ownership of an underlying (non-co-operative) business it was included if brought to account in the group’s balance sheet. Sectors In relation to the various sectors represented in the list we have adopted the following: • For insurance we have used net premiums written, where available, rather than the total revenue for the business. This is consistent with the recommended approach of ICMIF ”as it’s the part of the revenue representing the insurance business” . • For agriculture, retail and wholesale we have used the total revenue figures. • For co-operative banks, UK Building Societies, and non-USA Credit Unions we have used net interest income plus other income. For USA based co-operative banks and credit unions we have followed the approach of NCB of the United Nations and taken i.e. total received interest income plus other income. Note that this refinement of methodology from the approach taken for the first list has meant in a few instances our revenue figures are not comparable between years. Due care While we have taken care to ensure the information is accurate, it is not possible to guarantee total accuracy in an exercise which involves collecting data from many hundreds of sources. We welcome any corrections, additions or deletions to our data. 1-30 Rank Rank CO-OP'S NAME SECTOR Country Year of Total Total Assets Assets WEBSITE Short Notes About the Co-op 2008 2007 Creation revenues revenues 2008 2007 2008 2007 1 1 TINE BA Norway 1881 3,992 3,445 1,849 1,403 www.tine.no 2 774 Crédit Agricole Group France 1897 1,618 0 0 0 www.credit-agricole.fr 3 775 National Agricultural Cooperative Federation Korea 1961 0 0 0 0 www.nonghyup.com/en (NACF) g/index.jsp 4 776 China National Agricultural Means of Production China 1982 0 0 0 0 www.sino- Group Corporation agri.com/en.htm 5 777 Nationwide Mutual Insurance Company United 1925 0 0 0 0 www.nationwide.com States 6 778 Edeka Zentrale AG Germany 1898 0 0 0 0 www.edeka.de 7 779 Groupama France 1899 0 0 0 0 www.groupama.com 8 780 Eureko Netherlands 1992 0 0 0 0 www.eureko.net 9 781 Mondragon Corporation Spain 1956 0 0 0 0 www.mcc.es/ing/magnit udes/cifras.html 10 782 Migros Switzerland 1925 0 0 0 0 www.migros.ch/migros media_fr/ 11 783 The Norinchukin Bank Japan 1923 0 0 0 0 www.nochubank.or.jp 12 784 Groupe Caisse D'Epargne France 1983 0 0 0 0 www.groupe.caisse- epargne.com/asp/ci_mo dele3.aspx?ml=826 13 785 CHS Inc United 1931 0 0 0 0 www.chsinc.com States 14 786 The Co-operative Group United 1863 0 0 0 0 www.co-op.co.uk Kingdom 15 787 Confédération Nationale du Crédit Mutuel France 1880 0 0 0 0 https://www.creditmutu el.com/groupe/fr/ 16 788 Rabobank Group Netherlands 1898 0 0 0 0 www.rabobank.com 17 789 Debeka Group Germany 1905 0 0 0 0 www.debeka.de 18 790 John Lewis Partnership PLC United 0 0 0 0 www.johnlewispartners Kingdom hip.co.uk 19 791 Coop Norden Sweden 2002 0 0 0 0 www.coopnorden.com 20 792 Metsäliitto Finland 1934 0 0 0 0 www.metsaliitto.com/p age.asp?path=1;2785;28 00;3767 21 793 Coop Swiss Switzerland 1890 0 0 0 0 www.coop.ch 22 794 Conad (Consorzio Nazionale Dettaglianti) Italy 1962 0 0 0 0 www.conad.it 23 795 R+V Versicherung AG Germany 1922 0 0 0 0 www.ruv.de 24 796 UNIPOL Italy 1963 0 0 0 0 www.unipolonline.it 25 797 Groupe Banques Populaires France 1999 0 0 0 0 www.banquepopulaire. fr 26 798 Edeka Minden eG Germany 1920 0 0 0 0 www.edeka.de 27 799 BayWa Group Germany 1923 0 0 0 0 www.baywa.de 28 800 SOK Corporation Finland 1904 0 0 0 0 www.s-kanava.net 29 801 VGZ-IZA-Trias Netherlands 1992 0 0 0 0 www.vgz.nl 30 802 Fonterra Co-operative Group New 2001 0 0 0 0 www.fonterra.com Zealand 31-60 Rank Rank CO-OP'S NAME SECTOR Country Year of Total Total Assets Assets WEBSITE Short Notes About the Co-op 2008 2007 Creation revenues revenues 2008 2007 2008 2007 31 803 Danish Crown Denmark 1887 0 0 0 0 www.danishcrown.dk 32 804 Desjardins Group Canada 1900 0 0 0 0 www.desjardins.com 33 805 Arla Foods Denmark 1975 0 0 0 0 www.arlafoods.com 34 6 Dairy Farmers of America United 1998 0 1 0 1 www.dfamilk.com States 35 726 Wakefern Food Corp. United 1946 0 0 0 0 www.shoprite.com/Wak States efernMain.aspx 36 727 Edeka Südwest eG Germany 1950 0 0 0 0 www.edeka.de 37 728 Land O'Lakes United 1921 0 0 0 0 www.landolakesinc.com States 38 729 La Mondiale Groupe France 1905 0 0 0 0 www.lamondialeparten aire.com 39 730 HUK Coburg Germany 1933 0 0 0 0 www.huk.de 40 731 MACIF France 1960 0 0 0 0 www.macif.fr 41 732 Azur GMF France 1934 0 0 0 0 www.gmf.fr 42 733 MMA France 1828 0 0 0 0 www.mma.fr/Default.as px; www.insurance- france.com 43 734 Suedzucker Germany 1837 0 0 0 0 www.suedzucker.de/en/ 44 735 Royal Friesland Foods Netherlands 1879 0 0 0 0 www.frieslandfoods.co m/en/frieslandfoods/Pag es/default.aspx 45 736 Signal Iduna Germany 1907 0 0 0 0 www.signal- iduna.com/7.htm 46 737 RZB Austria 1927 0 0 0 0 www.rzb.at 47 738 DZ Bank Group Germany 2001 0 0 0 0 www.dg.dzbank.de 48 739 CZ Netherlands 1930 0 0 0 0 www.cz.nl 49 740 Cattolica Assicurazioni Italy 1896 0 0 0 0 www.cattolicassicurazio ni.it 50 741 Zenrosai Japan 1957 0 0 0 0 www.zenrosai.or.jp/eng lish 51 742 Ethias Belgium 1919 0 0 0 0 europe.ethias.be/en/SMI F001.go?NOPGDEM=SM IF001 52 743 AGRAVIS Raiffeisen AG Germany 1875 0 0 0 0 www.agravis.de/aboutu s/b-segment.jsp 53 744 Associated Wholesale Grocers United 1926 0 0 0 0 www.awginc.com/ States 54 745 Federated Co-operatives Limited Canada 1955 0 0 0 0 www.fcl.ca 55 746 Campina Netherlands 1979 0 0 0 0 www.campina.com 56 747 Lantmännen Sweden 1905 0 0 0 0 www.lantmannen.com/ 57 748 SNS REAAL Netherlands 1997 0 0 0 0 www.snsreaal.nl/index.a sp?lang=EN 58 749 Gothaer Germany 1820 0 0 0 0 www.gothaer.de 59 750 MAAF France 1950 0 0 0 0 www.maaf.fr 60 751 WGZ Bank Germany 0 0 0 0 www.wgz- bank.de/de/wgzbank/ser vice- informationen/english/i ndex.html 61-90 Rank Rank CO-OP'S NAME SECTOR Country Year of Total Total Assets Assets WEBSITE Short Notes About the Co-op 2008 2007 Creation revenues revenues 2008 2007 2008 2007 61 752 Cooppérative d'Exploitation et de Répartition France 0 0 0 0 www.cerp-rouen.fr Pharmacieutiques de Rouens 62 753 Community Credit Cooperative (CC) Korea 1963 0 0 0 0 www.kfcc.co.kr/english/i ndex.html 63 754 Coopératif Terrena Group France 2003 0 0 0 0 www.terrena.fr 64 755 MAIF Group France 1934 0 0 0 0 www.maif.fr 65 4 Ace Hardware United 1924 0 4 0 1 www.acehardware.com States 66 756 Fenaco Switzerland 1925 0 0 0 0 www.fenaco.ch 67 757 Länsförsäkringar Sweden 1936 0 0 0 0 www.lansforsakringar.s e 68 758 JCCU Japan 1951 0 0 0 0 www.jccu.coop/English_ here/aboutus/o_about_0 1.htm 69 759 Sodra Skogsagarna Sweden 1938 0 0 0 0 www.sodra.com 70 760 United
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