Values make a difference

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Co-operative Trust Schools
Values make a difference in business Russell
GillHead of Membership the Co-operative Group
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The Conventional Model

• A Company an association of capital a coming
  together of money
• Purpose to provide a financial return to its
  investors
• Not immoral a logical place to invest
• But amoral values have a place only if they
  help the bottomline

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A Co-op A Different Kind of Business

• An Association a coming together of people to
  meet a need they have in common
• Shared Co-operative Values
• Self help
• Self responsibility
• Democracy
• Equality
• Equity
• Solidarity

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Co-operative Values in Action

• Treating members EQUITABLY by how we share our
  profits
• Taking RESPONSIBILITY for the impact of our
  business by addressing the challenge of climate
  change
• Operating a business which is DEMOCRATICALLY
  controlled by its members
• Championing Fairtrade, showing SOLIDARITY with
  producers from the Developing World

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Co-operative Values in Action

• Live up to the challenge set by Robert Owen and
  the Rochdale Pioneers
• A sustainable business model?

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Virtuous Circle
Social Goals
Competitive Advantage
Commercial Success
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For the Co-operative Group

• Voted UKs most ethical brand two years running
• Queens Award for Enterprise for Sustainability
• Record profitability
• Record distributions to members, employees and
  the community
• A business which shows that putting ethics
  co-operative values people first really pays