Up Luxembourg: Where Innovation Meets Social Responsibility
At the forefront of innovation and digitalization is Up Luxembourg and the entire Up Group, exemplifying the fusion of modernity with a strong social conscience. Unlike its competitors, Up Luxembourg stands out as a cooperative company with a deep mission, generating 10 billion in annual sales.
Roots of Cooperation and Social Commitment
Founded by unions, the Up Group is much more than just a company – it is a cooperative with a social purpose. For many years, the Up Group has championed economic initiatives that put people first. The group’s “raison d’être” is clear: sustainable cooperation for socially and locally beneficial purchasing power, a commitment to improving daily life, and fostering a more equitable society.
Innovation with a Human Touch
Innovation is not just a buzzword at Up Luxembourg; it is embedded in their DNA. With a cooperative model that mobilizes nearly 3,000 employees, Up Luxembourg ensures that everyone has a stake in the group’s success. Since its inception, Up has involved stakeholders from all walks of life, promoting collaboration and co-creation to develop cutting-edge solutions.
Employee Participation and Equal Voting Rights
What sets Up apart is its unique ownership structure – 100% of the group’s capital is owned by employee members. Each member has equal voting rights, following the principle of “one person, one vote” at the Annual General Meeting. This democratic foundation ensures that decisions are made in the collective interest.
A Global Cooperative Movement
Since its inception, the Up Group has advocated for a more sustainable society where people are the driving force of the economy. With a cooperative mission focused on promoting socially beneficial and local purchasing power, Up’s payment solutions enable businesses and communities to improve quality of life and purchasing power. We are all aware of the current economic crisis and the decline in purchasing power. This issue is at the heart of the Up Group’s concerns.
Commitment to Social Responsibility
As a Cooperative and Participatory Society (SCOP), the legal status of the Up Group underscores its commitment to serving the public good. Founded in 1964, the group’s cooperative model prioritizes transparency, social responsibility, and democratic governance. By upholding these values, Up develops economically fair and socially effective products and services, placing people at the heart of its economic model.
Putting People First
For Up Luxembourg, digitalization and modernity combine with a deep commitment to social responsibility. Through cooperation, innovation, and employee participation, Up Luxembourg aims to pave the way towards a more equitable and sustainable future, where people are truly at the heart of the economy.