CORPORATE CITIZENSHIP FOR RESPONSIBLE ENTERPRISES

CORPORATE CITIZENSHIP FOR RESPONSIBLE ENTERPRISES

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The European Pact for Youth

27 September 2016

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The Mission and Vision

In order to be competitive in the global market, companies in Europe more than ever need young people with the right skills. At the same time, Europe has a significant untapped human capital potential.

To achieve higher sustainable growth and more innovation, and take full advantage of the skills and talent available in Europe, business and the education sector need to open up to the world and to each other. Business as usual is not an option!

Nowadays, young people have job opportunities that were non-existent a few years ago. With this being said, however, more than 7 million 15-24 year olds in Europe are neither in employment, education or training (NEETs). There are still more than 4.4 million early leavers from education and training. As a result, they are missing out on the opportunity to learn and acquire skills, knowledge, and competencies that they could use throughout their lives in order to participate fully in the development of a prosperous and inclusive society.

Furthermore, large numbers of young refugees and migrants with diverse levels and types of skills and qualifications are arriving in Europe, and could represent a valuable asset for the European economy. To compete in the global economy, Europe and its businesses need a highly skilled workforce capable of quickly adapting to new challenges. Therefore, business in collaboration with education must take an active role in tackling this challenge.

The Pact for Youth is a mutual engagement of business and the leaders of the European Union to boost youth employment and inclusion in Europe. Together with over 60 leaders from companies and organisations, the Pact aspires to create a fair and equitable culture of partnership between business, education, and youth in Europe and in doing so, prepare young people with the right set of skills for quality jobs and responsible citizenship.

The Target

In line with these objectives and proposed actions, business will engage with the European Commissioner for Employment, Social Affairs, Skills and Labour Mobility and all supportive organisations, to support the creation of 10,000 quality business-education partnerships, with the shared target to establish together at least 100,000 new good quality apprenticeships, traineeships or entry-level jobs.

 
This will be achieved through 28 action plans established in the Member States, initiated and facilitated by CSR Europe. The Pact will also make best use of relevant EU meetings and activities in 2016 and 2017 to mobilise stakeholders and to report on progress. The results and joint proposals for future policies on youth employability, transitions from education to employment, better skills matching and enhanced business competitiveness, that will stem from this Pact, will be presented at the 1st European Enterprise-Education Summit in late 2017.

 

More information about the European Pact for Youth can be found here 

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