Frequently Asked Questions

Values & Principles

Why a cooperative with a social purpose?

A social purpose cooperative, as opposed to a simple cooperative, follows a set of binding principles and pursues a social objective. These principles are in line with the objectives and values upheld by Nubo, which naturally became a cooperative with a social purpose. (SCRL-FS/CVBA-SO).

Nubo has also obtained the approval of the Conseil National de la Coopération, which guarantees that the cooperative operates in accordance with cooperative values and principles, and promotes socially responsible, supportive, democratic and non-speculative entrepreneurship.

You can find out more about the conditions for approval of cooperative societies on this page (in French).

It should be noted that the Company Code has changed on May 1, 2019. The nuances between classic and social cooperatives have evolved, and it is still not clear what will be the implications. However, this does not change the fact that Nubo has obtained CNC approval and follows it’s binding principles.