As businesses globally continue to align around critical global efforts to drive the systemic transformations that will be needed to help achieve the SDGs, one stakeholder group with whom it is vital that the private sector remains closely engaged is the world’s young people. Their voice is critical in shaping a more sustainable present & future – their energy and innovation are crucial to drive the transformations that are needed to deliver the #SDGs and Vision 2050.
Geneva, 16 December 2020: When it comes to stakeholder engagement by business, understanding the points of view of younger generations can often be overlooked. However, when it comes to the task of advancing sustainable development, there are arguably few more important voices than those of young people around the world. Globally, those born after 1985 now outnumber those born earlier, and in recent years it has increasingly been younger generations that have been at the forefront of activism around critical environmental and social issues. The efforts of business and governments to advance the sustainable development agenda must therefore be in line with the expectations of young people as agenda-setters, and essential participants in transformation.
As part of its work to update its Vision 2050, the World Business Council for Sustainable Development (WBCSD) is releasing an issue brief exploring the attitudes and expectations of young people from both within the private sector and across society more broadly.
The Voice of Youth issue brief draws from two surveys that were issued by the Council during the course of 2020, filled out by a total of 579 individuals, with an average age of 28 and spread across dozens of countries. One survey targeted young people working for a selection of WBCSD member companies and was circulated among companies’ youth and future leader networks. A second survey was distributed via the UN Sustainable Development Solutions Network’s Youth initiative (SDSN Youth) to its partners around the world, including students and young professionals working in the United Nations and in international development.
Drawing upon the results of these surveys, this issue brief explores:
- How young people are feeling about the world that awaits them in 2050;
- What they perceive as some of the most important barriers to progress on key environmental and social issues;
- How well they believe business is responding to global challenges; and
- What they expect business to be prioritizing moving forward.
In 2010, WBCSD released Vision 2050, a landmark piece of work that laid out a pathway to a world in which more than nine billion people are able to live well, within planetary boundaries, by mid-century. Ten years on, 40 WBCSD member companies have come together to revisit and revitalize Vision 2050, bringing the original work up to date with a view to resetting the baseline for business leadership in the face of the unique, but rapidly closing, window of opportunity for action that the next decade presents.
Our efforts to deliver Vision 2050 must be in line with the expectations of young people. A generational handover of political, cultural and economic power is already underway and will continue throughout the 2020s; ultimately it will be the youth of today that will lead in the delivery of our Vision for tomorrow.
Filippo Veglio, Managing Director of WBCSD’s People Program, commented: “Our work on Vision 2050 provides an important platform for continued dialogues with key stakeholders including younger generations. As WBCSD and its member companies set a course for realizing a world in which more than 9 billion people can live well, within planetary boundaries, it will be essential for us to maintain constant engagement with younger stakeholders in order to ensure that we are able to fully understand and adequately meet their expectations while also leveraging their energy and innovation to drive the transformations that are needed.”
Download the Issue Brief
This issue brief is part of a series of interim outputs linked to WBCSD’s current refresh of its Vision 2050. Other available issue briefs include:
- Building long-term business resilience
- Reinventing Capitalism: A transformation agenda
- The consequences of COVID-19 for the decade ahead
- Macrotrends and disruptions shaping 2020-2030
- Insights into innovations that could shape and transform the next decade
- Systems transformation in support of inclusive and sustainable growth for business
James Gomme, Director, Vision 2050