An astute young person once said that while youth make up 25% of the population, they represent 100% of the future. This insight resonates when considering the challenges businesses face in developing the necessary skills for a sustainable, digitally transformed future. Empowering young people is crucial, not only for their own growth but for addressing critical challenges, such as climate resilience, and preparing them to lead in a rapidly evolving world.
The global skills and opportunity gap is a recurring topic at landmark events such as the World Economic Forum (WEF) in Davos and UN General Assembly and Climate Week in New York. This is no different at the current UN Conference of the Parties (COP29) in Baku, Azerbaijan.
That’s because today’s youth are the leaders, innovators, and problem-solvers of tomorrow. However, as these gaps remain, it’s important to accelerate active engagement and enhance collaboration across sectors. Ensuring that young people are adequately prepared to enter and excel in the workforce is an investment in their future and a strategic imperative for businesses and societies worldwide. Without adequate learning pathways, young people risk unemployment and businesses may struggle to compete in the burgeoning green and digital economies due to a widening talent shortage.
Human Capital and Youth Day
For this reason, November 18 has been designated as the COP29 theme day for Human Capital Development for Climate Resilience. The initiative underscores that addressing climate change requires a holistic approach supported by healthier, better educated, and adequately skilled young people.
The Human Capital Day serves as a reminder that tackling climate change requires societal transformation – and there is no better time than now. A key component of this shift is ensuring access to quality education and skill development opportunities for youth that lead to tangible employment opportunities. According to the International Labour Organization (ILO), global youth unemployment was 13% in 2023, with many young people facing limited prospects for stable and decent work. At the same time, the World Economic Forum found that 44% of businesses report difficulties in finding talent with the right skills to fill jobs.
At SAP, we believe in our responsibility to support the next generation of professionals and users with our best-in-class digital learning. We fully support the COP29 agenda for human capital and are actively involved with the global community of governments, financial institutions, and private sector entities.
SAP Education and Employment Programs
SAP has several programs and partnerships to help tackle the deepening mismatch between the supply of young job seekers and the demand for skilled talent. These initiatives focus on human capital development and provide valuable educational opportunities for youth:
- SAP and UNICEF’s partnership in support of Generation Unlimited develops innovative solutions to global skilling challenges to help young people transition to earning. The goal is to generate inclusive opportunities for underserved young people worldwide, preparing them for decent work with the skills needed in the market. The program helps equip youth with essential skills and builds on UNICEF’s Generation Unlimited (GenU) signature program, the Youth Agency Marketplace (YOMA), a platform developed by young Africans to tackle labor market challenges. To date, the partnership reached more than 600,000 youth with foundational and digital skills that help young people unlock opportunities in the changing global economy.
- SAP Educate to Employ is one of the learn-to-earn pathways on YOMA designed by SAP to equip youth with essential competencies for the digital economy. Implemented by a local social enterprise in South Africa called UMUZI, the free program focuses on developing skills, knowledge, attitudes, and values to help prepare and bring candidates into employment within the SAP ecosystem. More than 1,000 learners completed one or more foundational skills courses, while 165 learners completed over 550 hours of critical skills development training and earned an SAP technology consultant professional certificate. The next step is to secure meaningful employment opportunities within the SAP ecosystem and beyond.
- The SAP University Alliances program includes over 2,700 members in more than 100 countries. It enables academia to educate the next generation on using intelligent AI-enabled technology, engage at SAP events, build industry partnerships, and prepare graduates for the SAP ecosystem. SAP University Alliances initiatives aim to empower youth to work in digitized enterprises, shape their futures, and have a meaningful impact on the world. During COP29, SAP will engage with students and faculty members from local university partners in Baku. Planned activities include an on-campus, gamified learning experience with a focus on sustainability, dialogue on learning and skills for sustainable youth development, and student visits to SAP’s booth in the Green Zone.
