Doing Business in the Doughnut: The sustainability of worker co-operatives

Sammanfattning: The globally dominant form of business organisation, the Investor-Owned Firm or the Corporation, has been challenged in both academic settings and the wide world for falling short on ensuring environmental and social justice and sustainability. Alternative business models like co-operatives, with a rich though somewhat less known history and presence around the world, might prove a better fit for a thriving world and a sustainable future. This study investigates ways in which worker co-operatives can contribute to a more sustainable world, using the theoretical lens of Doughnut Economics (DE) to place enterprises, as a supporting pillar of our economies, at the intersection between meeting social needs and operating within planetary boundaries. A descriptive multiple case study of six worker co-operatives in the UK indicates that this model can contribute to sustainability primarily by embodying a core purpose of fulfilling the needs of workers and their communities, rather than aiming for financial gains. The research suggests worker co-operatives are enterprises with highly generative design traits, distributive of the wealth they generate, and to some degree regenerative by design. Where challenges occur, either internally or wider in their industry or the co-operative movement, the co-operatives appear willing and interested to work on improving themselves by learning from their peers, experimenting and welcoming change. The study contributes to the body of knowledge on sustainability in worker co-operatives, employing DE as a holistic framework which so far has been seldom used in business research.