Youth Underemployment and Economic Opportunity Trending at #CGI2012

September 25, 2012

BCLC’s Taryn Bird (@tarynebird) is reporting in from New York this week, where global development events including the Clinton Global Initiative Annual Meeting and the UN General Assembly (UNGA) Meetings are taking place. Bruce Jones, senior fellow for foreign policy at Brookings, talks about what’s next after the UNGA meetings in the video below. Meanwhile, Taryn has provided some insight into what’s next for some of the world’s major employers. Taryn reports that overall this week, based on CGI commitments and member-related events, she’s noticing a continued focus on investing in opportunities for women and girls, and a newer trend focusing on the youth underemployment challenge.  

These are the commitments a few of BCLC’s global working group members have made while at CGI 2012 (#CGI2012):

Dow Chemical Company: Working with pioneering new businesses aimed at serving poor communities across the continent, a new partnership between the Acumen Fund and Dow aims to accelerate the development and distribution of crucial products and services in the sectors of agriculture, water, sanitation and energy. Social enterprises in Acumen’s portfolio will gain access to Dow’s expertise and technical assistance resources to help scale their businesses and better serve their customers. At the same time, these businesses will share practical insights on how corporations can achieve growth and social impact in Sub-Saharan Africa. Dow recently opened offices in Kenya and Ghana.

Microsoft: Microsoft YouthSpark is a companywide initiative to create opportunities for hundreds of millions of youth around the world. Through partnerships with governments, nonprofits and businesses, YouthSpark aims to empower youth to realize their full potential by connecting them with greater education, employment, and entrepreneurship opportunities.

Hilton Worldwide: Hilton Worldwide and the International Youth Foundation created the “Global Youth Wellbeing Index” to monitor the state of young people and help increase the effectiveness and accountability of investments targeting youth. This commitment will provide governments, business leaders, and civil society organizations with tools to focus and measure their contributions to critical youth development issues.

Alcoa: Alcoa, Alcoa Foundation and Keep America Beautiful (KAB) announced a national commitment to increase U.S. recycling rates. “Action to Accelerate Recycling” will generate awareness, create incentives, and provide recycling access and infrastructure to increase U.S. recycling of aluminum, plastic, glass and paper. The commitment, which includes $2 million in funding from Alcoa and Alcoa Foundation, is expected to engage millions of Americans and increase the current U.S. recycling rate by 10 percentage points. Increasing the rate to 75 percent would generate close to 300 additional tons of recycled content, resulting in the avoidance of more than 2,850 tons of greenhouse gas emissions.

Follow both CGI and Taryn on Twitter this week to stay abreast of the latest news.

·         Clinton Global Initiative 2012: #CGI2012

·         Taryn Bird: @tarynebird