In Australia, the commercial and broader value of co-operatives and mutuals can typically go unrecognised. To counter this, the BCCM in partnership with EY, and our members, Teachers Mutual Bank and The Barossa Co-op, conducted a research paper which sets out a framework to recognise, measure and report the total value created by these organisations. The research includes a case study from The Barossa Co-op — which outlines the substantial commercial value of co-operative and mutual businesses. Furthermore, it shows the broader value by the dollars of revenue generated by these businesses as it is recycled three or four times through the local economy and community, or as it is called in this paper, “Sticky Money”.
BCCM commissioned the Sticky Money report to measure the total added value of co-operative and mutual businesses. The report was launched at the BCCM Leaders’ Summit in Sydney on November 2014.
Australian co-operatives and mutuals can create substantial commercial value. They can also create broader value which is often not captured in financial disclosures, such as contributing to the well-being of individuals, the delivery of public services, building resilient communities, and thriving local economies.
– Sticky Money, Recognising the total value created by Australian Co-operatives and Mutuals