JA Europe partners with Euronext on pan-European programme for young blue economy entrepreneurs20 January 2021
Euronext, the leading pan-European market infrastructure, today announced a partnership with JA Europe, the largest non-profit in Europe dedicated to preparing young people for employment and entrepreneurship, to promote the Blue Economy by encouraging financial literacy amongst European youth across seven of its main countries.
The programme aims to inspire students about sustainable finance whilst helping them develop core skills such as teamwork, problem solving, and entrepreneurial skills. Through this collaboration, Euronext underlines the important role of the financial sector in boosting the Blue Economy by contributing to the promotion of financial literacy and innovation among students aged 16 to 18. In this regard, the JA Company Programme provides a unique opportunity for engagement in the area of mentoring and coaching the next generation of European citizens.
Starting in February 2021, 175 JA Company Programme students from 7 countries (Belgium, France, Ireland, Norway, Portugal, the Netherlands and the United Kingdom) will participate in a series of activities providing exposure to the Blue Economy, including the promotion of financial literacy, and culminating in a final European-level competition. The Euronext Blue Challenge will include thematic e-mentoring and webinars provided by Euronext volunteers in two key areas:
- Blue economy (oceans, seas and marine resources): with all participating countries adjacent to the ocean, it is vital to protect the resource base on which economic activities depend. Euronext’s goal is to be a leader in advancing the Blue Economy in order to address the threats to the oceans and contribute to enhanced coastal resilience.
- Financial literacy: as a market infrastructure, Euronext is at the centre of financial markets and communities. Improving the financial knowledge and skills of young Europeans will impact the broader community of stakeholders at the local level, including businesses, teachers, parents and the school community at large
Furthermore, in April-May 2021, JA Europe will organise national selections from a pool of 35 applicants, resulting in one mini-company per country competing in a final online challenge on World Oceans Day, 8 June 2021. For the first time, Euronext will give the “Blue Innovation Award” to the mini-company that best embodies a sustainable use of the ocean resources for economic growth.
Salvatore Nigro, CEO JA Europe said that "our new collaboration with Euronext allows young people in Europe to tackle one of the biggest challenges of our times through an entrepreneurial approach”. He added that “the combination of entrepreneurship and financial literacy skills for the benefit of the Blue Economy is a win-win for the future generations, our planet and our economies".
Stéphane Boujnah, CEO of Euronext, said: “The Euronext Blue Challenge is a unique programme that equips youth across Europe with concrete business skills and inspires them to innovate and strive to protect marine. It represents one of the major ESG community initiatives we want to develop within the Sustainable Finance pillar of our Let’s Grow Together 2022 strategic plan. With the support and commitment of our volunteers, this partnership with JA will help ensure the new generation develops the financial literacy needed to successfully contribute to and advance the Blue Economy in the future.”
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About JA Europe
JA Europe is the largest non-profit in Europe dedicated to preparing young people for employment and entrepreneurship. JA Europe is a member of JA Worldwide® which for 100 years has delivered hands on, experiential learning in entrepreneurship, work readiness and financial literacy. JA creates pathways for employability, job creation and financial success. Last school year, the JA network in Europe reached almost 4 million young people across 40 countries with the support of nearly 100,000 business volunteers and over 140,000 teachers/educators.
Euronext is the leading pan-European market infrastructure, connecting local economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, The Netherlands, Norway and Portugal. With close to 1,500 listed issuers worth €4.5 trillion in market capitalisation as of end December 2020, it has an unmatched blue chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates Euronext Growth® and Euronext Access®, simplifying access to listing for SMEs. Euronext provides custody and settlement services through central securities depositories in Denmark, Norway and Portugal.