At a time when income inequality is rising around the world, it is good to be reminded that solutions to inequality do exist. The co-operative model is foremost among these solutions, since it contains aspects of sustainable development at its core and is based on ethical values and principles.

The International Day of Cooperatives is an annual celebration of the cooperative movement that takes place on the first Saturday of July since 1923. Since 1995, the United Nations and the International Cooperative Alliance have been setting the theme for the celebration of #CoopsDay through the Committee for the Promotion and Advancement of Cooperatives (COPAC), a multi-stakeholder partnership of global public and private institutions that champions and supports people-centred and self-sustaining cooperative enterprises as leaders in sustainable development. The International Cooperative Alliance is a founding member.

The aim of this celebration is to increase awareness of cooperatives. The event underscores the contributions of the cooperative movement to resolving the major problems addressed by the United Nations and to strengthening and extending the partnerships between the international cooperative movement and other actors.