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FIRMENICH ANNOUNCES LAUNCH OF GLOBAL ALLIANCE FOR YOUTH TO IMPACT 6 MILLION YOUNG PEOPLE BY 2022

Geneva, Switzerland, January 24, 2019 – Firmenich is proud to announce the launch of the Global Alliance for YOUth, committed to impacting 6 million young people by helping them build employability skills. The Global Alliance for YOUth is a business-driven movement of like-minded organizations, including Nestle, Microsoft, Publicis and SAP, all working together to equip the next generation with the necessary skills to thrive in the world of work, today and in the future.

“Together with the other founding members, we want to empower the next generation to become the leaders of tomorrow and successful entrepreneurs in our companies regardless of their field or level of expertise,” said Gilbert Ghostine, CEO Firmenich. “Building on the 1,200 jobs, apprenticeships and training opportunities we created as part of the European Alliance for YOUth, we look forward to continuing to strengthen the employability of young people on a global scale.”

According to The World Economic Forum, over 60% of children entering primary school today will have jobs that do not exist yet. At the same time, the World Bank estimates that 60% of the world’s population remains excluded from the ever-expanding digital economy. Four billion people around the globe still lack access to the internet.

Traditional education, if available, no longer prepares young people for the current and future world of work. Convinced that companies have a huge opportunity to develop and draw from the largest pool of talent and human capital that has ever been available in human history, 20 international companies have decided to join forces in a Global Alliance for YOUth to build a better future for younger generations.

To date, 20 multinational companies have joined the alliance as founding members: ABB, Adecco, BBVA, Cargill, Cemex, Engie, EY, Facebook, Firmenich, Mercer, Mastercard, Microsoft, Nestlé, Nielsen, Publicis, Rockwell Automation, SAP, Starbucks, Vodafone and White & Case. The Alliance is proud to work with non-private sector partners such as the World Bank, Solutions 4 Youth Employment’.

Nestlé founded the Alliance for YOUth in Europe in 2014 with the purpose of helping prepare young people to enter the professional world. A founding member of this European initiative, Firmenich has successfully provided more than 1,200 jobs, apprenticeships & training opportunities. The Group has also impacted more than 3,200 young people through “Ready for Work” activities, such as CV clinics and career forums.

Following the success of the European Alliance for YOUth, the initiative was expanded to the Pacific Alliance countries in 2017 (Chile, Colombia, Mexico and Peru) and the Mercosur countries in December 2018 (Argentina, Brazil, Paraguay and Uruguay).

About Firmenich

Firmenich is the world’s largest privately-owned perfume and taste company, founded in Geneva, Switzerland, in 1895. Driven by its purpose to create positive emotions to enhance wellbeing, naturally, Firmenich has designed many of the world’s best-known perfumes and tastes, bringing delight to over four billion consumers every day. Renowned for its world-class research and creativity, as well as its leadership in sustainability, each year, Firmenich invests 10% of its turnover in R&D to understand and share the best that nature has to offer responsibly. Firmenich had an annual turnover of 3.7 billion Swiss Francs at end June 2018.
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