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Decent work and economic growth

SDG 8

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

More or less half of the world’s population still lives on the equivalent of about $2 a day.

A prolonged lack of decent work opportunities, insufficient investment and under-consumption lead to an erosion of the basic social contract at the foundation of democratic societies, according to which we must all contribute to progress.

Sustainable economic growth will require societies to create conditions that allow people to have quality jobs, which stimulate economies and at the same time do not damage the environment. Moreover, job opportunities and decent working conditions are needed for the entire working-age population.

 Our contribution in 2023

Impacts on the Country

€13.7 billion in GDP, 7.3 billion in labour income and 197,000 jobs created in 2023

Contribution by each person in the Group to the creation of economic impacts for the territory

€114,000 in GDP, €61,000 of income for families and the employment of 1.6 people

3,474

new hires in 2023, of which 52% men and 48% women

Agile/remote work

the extension of the Agreement with the Trade Unions until 31 December 2024 has been signed

Context

In Italy

Recovery of economic activity

in 2021, the annual changes in GDP in volume, GDP per inhabitant and per employee are consistent (+6.6%, +7.2% and +6.0% respectively)

Economic recovery

due above all to the construction sector (+14.5% of value added per employee), industry (+11.8%), accommodation and restaurant services (+23.6%), the transport and warehousing sector (+12.7%)

9.5%

unemployment rate (+0.2 p.p.), remains at levels well above those in Europe

Around the world

Global unemployment

rose from 170 million in 2007 to almost 202 million in 2012; of these, approximately 75 million are young women and men

~2.2 bln

people living below the $2 a day threshold

470 mln

jobs needed globally for those entering the job market between 2016 and 2030.

Global community targets

Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7 per cent gross domestic product growth per annum in the least developed countries

Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value added and labour-intensive sectors

Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterprises, including through access to financial services

Improve progressively, through 2030, global resource efficiency in consumption and production and endeavour to decouple economic growth from environmental degradation, in accordance with the 10-Year Framework of Programmes on Sustainable Consumption and Production, with developed countries taking the lead

By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value

By 2020, substantially reduce the proportion of youth not in employment, education or training

Take immediate and effective measures to eradicate forced labour, end modern slavery and human trafficking and secure the prohibition and elimination of the worst forms of child labour, including recruitment and use of child soldiers, and by 2025 end child labour in all its forms

Protect labour rights and promote safe and secure working environments for all workers, including migrant workers, in particular women migrants, and those in precarious employment

By 2030, devise and implement policies to promote sustainable tourism that creates jobs and promotes local culture and products

Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all

Increase Aid for Trade support for developing countries, in particular least developed countries, including through the Enhanced Integrated Framework for Trade-Related Technical Assistance to Least Developed Countries

By 2020, develop and operationalize a global strategy for youth employment and implement the Global Jobs Pact of the International Labour Organization

How do we share the value we produce?

We are a key protagonist of Italy’s economic, social and productive panorama, as a unique Company in the country in terms of size, recognisability and presence.

There is a close connection between the results we achieve through our business model and the needs of the Italian territory.

We collaborate to achieve the objectives of SDG 8 by creating value with:

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Capitale Finanziario
Financial
capital
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Capitale Intellettuale
Intellectual
capital
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Physical-structural
capital
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Human
capital
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Social-relational
capital
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Capitale Naturale
Natural
capital

“Postenibilità” is...

Through our Strategic Plan, we set ourselves the objective of achieving responsible growth and accompanying the country’s path to sustainability and social inclusion. In defining the Plan’s investment choices, we also assessed the contribution of each intervention to the Group’s 8 Pillars of Sustainability.

Our sustainability strategy impacts SDG 8 through the following pillars:

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People
development
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Icona valore al territorio
Creating value
for the country
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Sustainable
finance

Projects underway

Hires: Poste Italiane supports young people and recent graduates
Polis Project
Coverage dedicated to specific targets (e.g. caregivers) through the Poste Vivere Protetti Personal Line offer