Saskatoon, SK, Canada, 2016-1-7 — /EPR Retail News/ — Federated Co-operatives Limited (FCL) is SaskBusiness magazine’s 2015 Business of the Year.
In its December 2015 issue, the magazine highlights FCL’s most recent efforts to give back to the communities it serves.
“It was FCL’s renewed and revamped focus on philanthropic projects directly affecting Saskatchewan communities that grabbed our attention this year,” writes the magazine.
In 2015, FCL made meaningful contributions through Co-op Community Spaces and the University of Saskatchewan’s Co-operative Innovation Program (CIP).
- READ: Co-op Community Spaces
In its inaugural year, Co-op Community Spaces provided a total of $1 million to 16 recreation, conservation and urban agriculture projects across Western Canada. Another $1 million supported the CIP in its efforts to study co-operative development in rural and Aboriginal communities.
“I believe that to be successful in today’s and tomorrow’s economy, you must be part of building the community,” FCL CEO Scott Banda told the magazine.
Banda includes FCL’s program to support employee volunteerism as another success.
“As a philosophy, this comes naturally to co-operatives, but we needed to really live it.”
FCL recently announced revenue for the fiscal year ending Oct. 31, 2015, of more than $9 billion. Of that, $375 million will be returned to FCL’s member-owners, the more than 200 co-operative associations across Western Canada that form the Co-operative Retailing System (CRS).
Earlier in 2015, FCL topped SaskBusiness magazine’s ranking of the Top 100 businesses in the province. FCL was joined on that list by 19 of its member-owners, further demonstrating the continued strength of the CRS in Saskatchewan.
SOURCE: Federated Co-operatives Limited
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