Barclays is helping to solve one of the world’s biggest social problems – unemployment. In 2016, working collaboratively with Unreasonable Group, Barclays created ‘Unreasonable Impact’ a network that aims to tackle unemployment by supporting entrepreneurs with a potential for growth.
A global challenge
Unemployment is one of the world’s most universal challenges. Statistics from the Organisation for Economic Cooperation and Development (OECD), show that one in four young people in developed countries are currently out of employment or training. Furthermore, a 2015 report from the International Labour Organisation (ILO) found that in order to overcome the global issue of unemployment the world economy would need to create 212 million jobs.
Barclays and Unreasonable Group have partnered to launch Unreasonable Impact. It is the world’s first international network of its kind. They have a series of programmes held in select geographies across the world. The two-week programme is designed to help entrepreneurs scale up faster. It’s about more than just finance. Unreasonable Group achieve this by connecting entrepreneurs to CEOs, funders and global experts. The entrepreneurs can have their specific needs identified and solved with the help from world-renowned leaders.
Daniel Epstein, founder and CEO of Unreasonable Group, says: “…by supporting entrepreneurs… we will not only scale-up technologies that address societal and environmental issues, but we will in turn be accelerating the creation of millions of jobs.” This is well evidenced when evaluating the work Unreasonable Group has embarked upon – their alumnus has already provided nearly 10,000 jobs across 170 countries.
This story shows how Barclays supports Goal 9: Industry, Innovation and Infrastructure, specifically Target 9.4: “By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes, with all countries taking action in accordance with their respective capabilities.”
Barclays is a British multinational investment bank and financial services company. They move, lend, invest and protect money for their customers and clients worldwide.