Corporate Responsibility Report
Our report offers an insight into how Credit Suisse assumes its various responsibilities as a bank, as an employer, as well as towards society and environment.
Future skills. Our commitment to young people in our communities.
Through future skills we aspire to provide young people the opportunity to fulfill their potential in their lives as adults. By supporting access to education and skills we hope to ensure that a young person's success is not determined by their socioeconomic status.
We aim to impact the lives of young people, especially disadvantaged, to close the educational/employment gap as they enter adulthood. We support partners and interventions that make a difference at key points in a young person's life.
We believe that future skills will change over time, even during the course of one's career due to the pace of technology and globalization. Thus, we prioritize the education and skills that enable young people to be a life-long learners and imbue them with an ability to exercise agency. A key initial indication of success will be their attainment of entry-level employment commensurate with their talents and goals and informed by the demands of employers or self-employment through their own entrepreneurial initiative.
We support NGOs and organisations (i.e. schools, networks, institutions) which:
- provide direct support to young disadvantaged people to facilitate access to education and skills essential to succeed
- support and strengthen the education system and the structures and professionals within this system to be more effective and impactful and respond to specific needs and challenges facing young disadvantaged people
- support a comprehensive approach to address external barriers effecting specific sub-sets of disadvantaged young people to access education and/or employment.
Informing Future Skills Investments
The Future Skills – APAC landscape mapping, commissioned by Credit Suisse Corporate Citizenship APAC in May 2019, presents some interesting information which include:
- There are more than 750 million young women and men aged 15 to 24 years in Asia Pacific, accounting for over 60% of the world’s youth.
- The youth unemployment rate in APAC is approximately 10.5%, more than double the unemployment rate of the total working age population.
- Poor quality vocational education and lack of decent work prospects mean that youth face both poor educational outcomes and vulnerable employment conditions.
- There is strong and growing donor interest in Future Skills in the region with a number of private and corporate philanthropists identifying youth employment and skills as a priority area.
