Cooperative on-orbit satellite servicing (OOS) and rendezvous and proximity operations (RPO) have the potential to foster the next economic revolution in space. The ability to approach, inspect, grasp, manipulate, modify, repair, refuel, integrate, and build completely new platforms and spacecraft on orbit would enable new business models, innovation, and opportunities in space. However, the lack of clear, widely accepted technical and safety standards for responsible performance of OOS and RPO involving commercial satellites remains a major obstacle to satellite servicing becoming a major industry and could lead to mishaps that would put long-term sustainability of space itself at risk. The Consortium for Execution of Rendezvous and Servicing Operations (CONFERS) is an industry-led initiative with initial seed funding provided by the Defense Advanced Research Projects Agency (DARPA) that aims to leverage best practices from government and industry to research, develop, and publish non-binding, consensus-derived technical and operations standards for OOS and RPO.