AXA joins Nestlé and other premier European companies in “Alliance for Youth” to address youth unemployment in Europe

  • AXA commits to provide at least 20,000 youth with professional experience over the next five years in Europe
  • AXA will help youth in Europe increase their employability

PARIS, 27-6-2014 — /EuropaWire/ — During a public event today in the presence of the French Prime Minister, Manuel Valls, AXA will announce that it will partner with Nestlé and a group of other premier European companies¹ in the “Alliance for Youth”, which is a private sector initiative designed to address youth unemployment in Europe. AXA and the other partner companies in the “Alliance for Youth” will make specific commitments and undertake a variety of initiatives over the coming years to support young people² from across Europe to enter the labour market and take a first step on their career ladder.

Over the next five years (2014-2018), AXA commits to help youth:

  • Gain professional experience at AXA:
    AXA will provide at least 20,000 youth with professional experience across the Group’s European companies over the 2014-2018 period: 10,000 apprenticeships and internship positions and 10,000 employment opportunities.
  • Get ready for the working world:
    – To help increase youth employability, AXA’s companies will implement several initiatives including: coaching youth – both internal and external to AXA, helping provide youth with essential skills such as interviewing and CV preparation, and exposing them to a professional work environment;
    – AXA will also structure initiatives with community organizations to support youth projects and will mobilize its employees to volunteer their time to these initiatives including through AXA Hearts in
  • Benefit from a network of companies:
    AXA will collaborate with Nestlé and the other “Alliance for Youth” partner companies as well as non-profit organizations to establish joint employability events, to promote youth rotations between partner companies, and help facilitate access to and contact with the Alliance companies.

“We are convinced that the private sector has a key role to play in taking on the challenge of rising youth unemployment in Europe by not only providing opportunities but also supporting youth employability and developing their skills. Through the “Alliance for Youth” partnership, we are efficiently pooling our efforts and making specific undertakings to address this issue through a variety of actions over the long term. Investing in youth is an essential building block to meet our ambitions but it is also if not more importantly our responsibility as a leading global player. These undertakings also reflect AXA’s long-term commitment to Europe and to being a proactive force in addressing the important economic and social issues that will shape Europe’s future”, said Henri de Castries, Chairman and CEO of AXA.

The Alliance for Youth has the support of the European Commission and is an initiative under the umbrella of the “European Alliance for Apprenticeships”³.

Learn more about the “ALLiance for YOUth” here: http://www.axa.com/en/news/2014/axa-youth-employability.aspx

ABOUT THE AXA GROUP
The AXA Group is a worldwide leader in insurance and asset management, with 157,000 employees serving 102 million clients in 56 countries. In 2013, IFRS revenues amounted to Euro 91.2 billion and IFRS underlying earnings to Euro 4.7 billion. AXA had Euro 1,113 billion in assets under management as of December 31, 2013.

The AXA ordinary share is listed on compartment A of Euronext Paris under the ticker symbol CS (ISN FR 0000120628 – Bloomberg: CS FP – Reuters:AXAF.PA). AXA’s American Depository Share is also quoted on the OTC QX platform under the ticker symbol AXAHY.

The AXA Group is included in the main international SRI indexes, such as Dow Jones Sustainability Index (DJSI) and FTSE4GOOD.

It is a founding member of the UN Environment Programme’s Finance Initiative (UNEP FI) Principles for Sustainable Insurance and a signatory of the UN
Principles for Responsible Investment.

THIS PRESS RELEASE IS AVAILABLE ON THE AXA GROUP WEBSITE
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IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS

Certain statements contained herein are forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties. Please refer to the section “Cautionary statements” in page 2 of AXA’s Document de Référence for the year ended December 31, 2013, for a description of certain important factors, risks and uncertainties that may affect AXA’s business. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise.

¹See: http://www.nestle.com/media/newsandfeatures/alliance-for-youth
²People up to the age of 30.
³See: http://ec.europa.eu/education/policy/vocational-policy/alliance_en.htm

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