Global Annual Report 2015/2016

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Table of content

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10

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AIESEC Experince and Programs

Global Volunteer

Letter from the President

About AIESEC

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26

Global Talent

Stories of Impact

A Year in Review

Our next Mid-term Ambition

Youth Action Summit

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30

33

37

Youth for Global Goals

Global Partners

Network Successes

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46

47

Our OfďŹ ces

Upcoming Conferences

AIESEC Declaration on the Sustainable Development Goals

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5

YouthSpeak Survey

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41

Financial Report

Supervisory Group

Mapping Our Impact

AIESEC International Team 2015-2016

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ABOUT AIESEC Ana Saldarriaga, Global President 15-16, AIESEC International

We want to create a movement that ignites the leadership spark in the youth of the world and transform our impact into an exciting and unstoppable force of change When an organisation talks about

Up until 2010, AIESEC had an impact on the lives of an average of 5,000 young people every year.

everyone.

Since 1948, we at AIESEC have believed that cross-cultural and committed leadership are the most needed qualities to transform the world into the peaceful place that we dream it can be. The only way we can achieve this is through inspiring committed leaders that can transform our dream into a goal, and a goal into reality.

We accomplish this by mobilizing young people all over the world to create a positive impact abroad, by working in a company, an NGO, or a public institution. This enables them to challenge their mindsets, learn about and respect new perspectives, and ultimately gain a deeper sense of empathy and social responsibility.

Along this journey, we aim for them to develop a set of leadership skills which we believe are fundamental to achieving the ability to empower others, to be self aware and solution oriented and essentially, to be a true global citizen.

have shown exponential growth by activating approximately 130,000 young people. The organisation has made a profound transformation in the way we dare young people to dream, dare them to set goals and dare them to act ambitiously.

Such massive growth in only ďŹ ve years did not come without hardships along the way and many things could have been done differently and of course, there is still a long way to go to create the monumental global impact that this organisation continually strives for. Nevertheless, it is encouraging to know that the goals set in 2010 for 2015 have revolutionised our impact and expanded our limits.

We are now more connected than ever to face the real challenges of our fast-paced world.

These changes have unleashed both, a new perception of what it means to work for a beter future and a new generation of AIESEC members who advocate what we as

AIESEC envision to be by 2020. In 5 years from now, we want our daily activities to be creating a movement that ignites the leadership spark in young people around the world and transform our impact into an exciting and unstoppable force of positive and inextinguishable change.

By shaping what we do around what the world needs and aligning it to our ambition for peace, we are embracing the biggest change initiative ever introduced, The Global Sustainable Development Goals. We are committed to taking an active role towards this agenda in the process of creating a more relevant and accessible AIESEC. We are prepared to challenge our own status quo and initiate a process of disruptive growth to make this happen.

As the Global President, I could not be prouder to lead an organisation with such brave leaders who are fully committed to being the catalysts of change that the world needs: leaders who recognise that in order to fundamentally innovate AIESEC by 2020, the transformation must come from within ourselves.

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We place our confidence in youth because they have the passion, dynamism and entrepreneurial spirit that are needed to shape the future. They have the responsibility to improve tomorrow by choosing who they will be today.

AIESEC was founded in 1948 after the Second World War by a group of young people from Europe (Belgium, Denmark, Finland, France, Netherlands, Norway, and Sweden). Our fundamentals were shaped by the social, economic and political climate of the time.

Since then, the world has been changing faster than ever before. We believe that young people hold the key to a better future and they must learn to adapt quickly and solve problems. This is why AIESEC strives for Peace & Fulfilment of Humankind´s Potential.

for Peace & Fulfilment of Humankind´s Potential.

In today’s context, ‘Peace’ does not necessarily mean only avoiding war. Peace can symbolize a world that does not have conflicts that arise from cultural, religious, or other aspects of differences in humanity. Peace can also symbolize being in harmony with yourself. AIESEC strives to build a world where people can work towards their own understanding of peace, while respecting and understanding the views of others.

Through “Fulfilment of Humankind’s Potential” AIESEC strives for a world where people can be the best version of themselves.

Our Goal Engage and Develop Every Young Person in the world by equipping them with 4 leadership characteristics: being self aware, world citizens, solution oriented and being able to empower others.

Empowering Others: Communicates effectively in diverse environments Develops & empowers other people Engages with others to achieve a bigger purpose Solution oriented: Adapts and shows resilience in the face of challenges Transmits positivity to move forward throughout uncertainty Takes risks when needed Self Aware: Understands and lives personal values Focuses on strengths over weaknesses Explores one’s passions

World Citizen: Believes in their ability to make a difference in the world. Interested in the world issues. Enjoys taking responsibility for improving the world.

We place our confidence in youth because they have the passion, dynamism and entrepreneurial spirit that are needed to shape the future. They have the responsibility to improve tomorrow by choosing who they will be today.

Values of Our Leaders We live and work by our values of striving for excellence, living diversity, demonstrating integrity, enjoying participation, activating leadership and acting sustainably.

STRIVING FOR EXCELLENCE: We continuously improve through creativity and innovation. We strive to deliver the highest quality performance in everything we do.

DEMONSTRATING INTEGRITY:We are consistent and transparent in our decisions and actions. We fulfil our commitments and conduct ourselves in a way aligned with our vision.

ENJOYING PARTICIPATION: We create dynamic and welcoming environments through active and enthusiastic participation of individuals. We enjoy being involved in AIESEC. ACTING SUSTAINABLY: We act in a sustainable way for our organization and society. Our decisions take into account the needs of future generations.

ACTIVATING LEADERSHIP: We lead by example and inspire leadership through actions and results. We take responsibility for developing the leadership potential of others.

LIVING DIVERSITY: We actively learn from different ways of life and opinions represented in our multicultural environment. We act inclusively, respecting and actively encouraging the contribution of every individual.

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How We Develop Leadership

We are In AIESEC we believe that developing globally minded young leaders who lead themselves, engage and lead others and positively impact their communities by taking action, creates a better world for everyone Global and Inclusive As

Cross Cultural Exchanges AIESEC provides an opportunity for young people to work or volunteer abroad in non-familiar environments. This allows them to step outside their comfort zone and expand their worldview, while contributing to the community in which they are working. Living such experiences enables people to build a better understanding of how to communicate and capitalize on diversity in our increasingly connected world.

Team Experiences AIESEC members work in teams to create and manage these cross-cultural exchange experiences.

This provides an opportunity for our members to live powerful team experiences and develop their own leadership potential.

Inner and Outer Journey We believe that young people learn best by doing and reflecting. The following diagram shows the framework AIESEC provides in every experience, enabling young people to learn the most from every experience. The Outer Journey is the individual’s interaction with the external environment. The Inner Journey is the internal change that happens within the individual. The combination of the two ensures that what someone learns from any experience will stay with them forever

a

global,

non

political,

organisation run by students and recent graduates of institutions of higher education, AIESEC does not discriminate on the basis of ethnicity, gender, sexual orientation, religion or national/ social origin.

Cross Cultural Experiences

Creating Opportunities Around the world, we partner with more than 2,600 universities and 8,000 organizations and businesses to create opportunities for young people to develop themselves professionally and personally through self driven, practical, global experiences.

Global Internships

Founded after the Second World AIESEC offers young people War with the vision of achieving the opportunity to participate in global professional internships, Humankind’s potential, AIESEC entrepreneurial and volunteer believes cross cultural exchange internships and social impact and understanding is key to projects that allow them to grow, building a more peaceful world learn, develop and impact their and preventing similar conflicts environment and the world.

122 countries

By Youth for Youth AIESEC is run by youth for youth.

AIESEC believes that every young person deserves the his/her own potential, but also empower more young people to do the same, thus shaping a better common future.

Top Talent AIESEC not only creates opportunities for students, but also for business, organizations, NGOs and start ups to get the best young talent, enable their leadership journey and bring global perspective to their business.

1.900 50.000 local members chapters

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AIESEC is present in

Mapping our

122

Impact

Western Europe -Austria -Belgium -Denmark -Finland -France -Germany -Greece -Iceland -Ireland -Italy -Malta -Norway -Portugal -Spain

North America -Canada -United States

Countries and territories.

114

Entities

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Central & Eastern Europe -Albania -Armenia -Azerbaijan -Belarus -Bosnia-Herzegovina -Bulgaria -Croatia -Czech Republic

-Sweden -Switzerland -The Netherlands -United Kingdom

-Estonia -Georgia -Hungary -Kazakhastan -Kyrgystan -Latvia -Lithuania -Moldova

-Montenegro -Poland Republic of Macedonia -Romania -Russia -Serbia -Slovakia

-Slovenia -Tajikistan -Turkey -Ukraine

Africa

Latin America -Argentina -Bolivia -Brazil -Chile -Colombia -Costa rica -Dominican Republican -Ecuador -El Salvador

-Guatemala -Mexico -Nicaragua -Panama -Paraguay -Peru -Puerto rico -Uruguay -VenezueĂąa

-Benin -Bostwana -Burkina Faso -Cameroon -Cape Verde -Cote d’Ivore

-Afghanistan -Australia -Cambodia -China, Mainland -Hong Kong -India -Indonesia

-Ethiopia -Gabon -Ghana -Kenya -Liberia -Malawi

Middle East & North Africa Expansions

-Algeria -Jamaica -Liberia -Nepal

-Nicaragua -Paraguay -Qatar -Zimbabwe

Expansions

-Algeria -Bahrain -Egypt -Jordan -Kuwait -Lebanon

-Morocco -Oman -Qatar -Tunisia -United Arab Emirates

-Iran -Japan -South Korea -Laos -Malaysia -Mongolia -Myanmar -Nepal -New Zealand -Pakistan -Philippines -Singapore -Sri Lanka -Taiwan -Thailand -Vietnam

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AIESEC Experience and Products As part of the strategy within 2020, AIESEC refreshed the product portfolio that we offer to young people and our partners. The AIESEC Experience consists of three phases, which are: Engagement with AIESEC, Experiential Leadership Development and Lifelong Connection. In each phase, we facilitate the development of one or more Leadership Qualities within youth.

YouthSpeak Forum YouthSpeak Forum powered by AIESEC is an event run by youth for youth, that brings together both young and senior leaders to form a diverse cross-sector and multigenerational space for inspiring conversations around pressing global, national and local issues. Through these forums, we constantly strive to shape what we do around what the world needs at the local, national and global level.

Global Volunteer Global Volunteer is the cross-cultural volunteer experience for young people who seek to develop themselves and the world by working on social impact projects with NGOs and organizations that contribute to any of the Sustainable Development Goals.

Global Talent Global Talent provides a global internship opportunity for young people who seek to develop their career in a multi-cultural setting. AIESEC partners with organizations and companies of all sizes from diverse sectors and industries in order to create opportunities for young people from all backgrounds.

Global Entrepreneur Global Entrepreneur offers an opportunity to young people interested in developing their entrepreneurial outlook to undergo a professional development experience in a start-up. This program also makes AIESEC’s talent available to and affordable for start-up organisations.

In the term 2015-2016, we re-branded, strengthened and launched following set of products to the

The AIESEC Experience is comprised of these products, yet is not limited to them. In term 20152016, we also created a framework for new product development in order to easily correspond to new trends and opportunities by designing new products for each phase.

market:

AIESEC Membership AIESEC by nature is independent and youth-run, implying that it is the members of AIESEC that make the organization run and grow each year across organizational levels. The majority of the 50 000 members through their own leadership development journey.

Our Membership volunteer their time to create a ripple effect on others by supporting young people in all exchange related processes as well as creating spaces for those people to develop their leadership.

Thanks to that, they are equipped in customer service attitude, project management skills and much more.

Every year, thousands of young and highly talented people are shaped by AIESEC after intense team and leadership experiences, after which they move forward in their professional careers as they continue living the AIESEC values.

The Environment Which We Create Local Volunteer To enable a greater number of people to be engaged by AIESEC and live a short-term AIESEC experience, Local Volunteer was initiated globally this year to give a “sneak peek” into what a Global Volunteer experience looks like by allowing local youth to volunteer on a project or inside an NGO alongside Global Volunteer participants.

For our membership, we follow certain standards to ensure they are able to develop themselves in the best way. Each single member of the organization needs to be a part of a team, which has a goal and plan for how to achieve it. The job description of the member contributing to this plan, alongside with functional training, are an essential part of the environment. We as well ensure that there is a system of tracking and evaluation in place and each member has a space for his/her own leadership development.

15 Cross-Cultural Environment

We connect youth with NGOs, IGOs and other organizations to develop young global leaders for a better world and directly impact communities around the world through volunteerism

122 countries & territories

30.766 6500 youth mobilized Approximately

local projects

million 4.6 volunteer hours

6

main issues

3 people going abroad every hour

Global Volunteer is AIESEC’s program which gives young people an opportunity to volunteer abroad in different organizations or on social impact projects that focus on the direct development of the communities around the world. Global Volunteer Program offers cross-cultural experience to young people seeking to develop themselves and the world, and the opportunity to develop global mindset, leadership and soft skills by creating direct positive impact. Our main partners are NGOs, schools and orphanages, where our global volunteers spend from 6-8 weeks working on social-based issues.

From July 1st 2015 until July 1st 2016, AIESEC mobilized 30.766 young people, who travelled abroad to volunteer on social impact projects and develop themselves.

They worked on more than 6,000 projects, tackling issues especially related to education, cultural understanding, sustainability and human rights.

This year, 7,077 more young people volunteer abroad compared to the previous year, mostly in Asia, Latin America, Western Europe, North Africa

During 2015-2016 we evolved our business model and improved technologies behind the open platform, in order to become more customer-centric and ensure the facilitation of time in 68 years of AIESEC’s leadership development in every history, we crossed the mark of experience. This resulted in facilitating 30,000 life-changing the increase of interest in our experiences to young people programs and 58,000 platform around the world. users applying to our volunteer opportunities.

Volunteer Experience

Youth has the chance to volunteer abroad in NGOs or on social impact projects that focus on the direct development of the communities around the world.

They tackle pressing global By stepping out of the box and issues to create positive impact in local societies. broadening your horizons, you become a citizen of the world!

Our volunteers don’t just travel., they develop the world.

Young people have the chance to become locals in an unknown environment and experience new cultures by working in a diverse, cross-cultural team.

Self-Development Young people have the opportunity to grow and develop by going through practical experiences and learning-bydoing. An intense cross-cultural environment allows them to increase their self-awareness and solution orientation, improve communication skills and develop a global mindset.

They strive to become the best version of themselves.

We believe the most powerful way to learn something is to experience it. Through a complete cultural immersion and a challenging new environment, young people have the chance to rediscover themselves, increase their level of self-awareness and undergo immense personal growth. At the same time, by volunteering to address global issues hands-on in local communities, young people acquire new soft skills, evolve professionally, develop a sense of world citizenship, desire to contribute and have positive impact on society.

In the last 5 years 6% 9% 24%

Worked on health and lifestyle Worked on human rights Worked on cultural unterstanding

102,501

young people volunteered abroad to tackle social issues in another country

Worked on climate change Worked on eradicating poverty Worked on improving literacy

7% 22% 32%

Evolution!

Over the past 5 years, our volunteering program tackled community issues that were related to all of the 8 Millennium Development Goals. In order to stay relevant to the global agenda and upscale the impact we deliver through our programs, this year we initiated the restructuring of our projects in order to align them with the Sustainable Development Goals that were collectively agreed by the member states of United Nations in September 2015. We realized that being the largest youth-run organization, AIESEC could champion the mobilizing of young people to contribute to the SDGs through our global volunteering projects.

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Enabling startups and companies to grow by developing youth from all over the world.

116

countries & territories

6633

young people participated

3121

organizations signed-up on Company Opportunity Portal

5

709

companies and 461 startup took part in the program

of work

AIESEC develops young leaders worldwide by creating and offering practical experiences.

Our Global Talent product offers companies the ability to become an enabler of youth development through their participation in hiring youth talent from all over the world, giving youth the opportunity to build their

in the Global Talent product were working in startups. This brought immense growth of the

From July 1st 2015 till July 1st 2016, 6.633 young leaders worked abroad in an international environment in various organizations developing themselves and their work place.

Moreover, 10% of the youth who participated

every organization that wants to be an enabler in order to become customer-centric and offer more opportunities to our customers. As a result, more than 3,000 organizations have joined our platform, spanning 116 countries.

for interns are marketing and sales, business administration, information technology, language education and engineering. Global Talent offers youth leadership, innovation, global perspectives, and functional expertise to leadership capacity to be ready for the real provide organisations with a competitive edge world. This product enables both international when it comes to talent and leadership pipeline. talent acquisition and leadership development During 2015-2016, we evolved our business of young people. model and our platform, making it open to

The Company Opportunity Portal was launched at HR Tech and gives the opportunity for organizations to sign up to our opportunities portal and have access to international talent. It offers instant access to our pool of candidates and information is centralized in this platform making the decision-making faster and processes more self-driven.

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Stories of Impact: Projects contributing to the Sustainable Development Goals

Europe, Belgium, Greece, Finland, Austria, Germany, Italy, Switzerland: InteGREAT

Middle East and Africa, Egypt:

InteGREAT is the project that aims to foster the integration of refugees in European communities. By working together with NGOs and local communities, InteGREAT mobilizes young volunteers from all over Europe to contribute to the social inclusion and cultural integration of asylum-seekers and refugees.

The InteGREAT initiative supports the UN Global Goals for Sustainable Development, namely Goal #10: Reduced Inequalities.

Empower This project aims to support Egypt in achieving Gender Equality, which is one of the United Nation’s Sustainable Development Goals (Goal #5). Gender equality is a must in order to ensure all forms of discrimination against women and girls are eliminated, and ensure equal opportunities. Through these efforts, we aim to spread awareness on the issue within the Egyptian community, as well as support women in overcoming the challenges they face on a daily basis. The project is run in partnership with a local organization that directly contributes to enhancing gender equality in Egypt.

Volunteers were facilitating teaching and recreational activities for young refugees and asylum seekers hosted by an NGO. Also they delivered workshops about the country’s social and cultural context, or language classes. Volunteers were helping give media coverage and visibility to the refugees’ stories and activities on an international level.

Americas, Mexico: Hometown Project This project supports Indonesian community in achieving Good Health and Well-being, which is one of the United Nation’s Sustainable Development Goals (Goal #3). Currently 10-16% adults globally experience the symptoms of kidney disease.

In Indonesia, kidney failure is the 4th largest leading cause of death.

The habit of consuming water is one way to maintain healthy kidneys.

Through the Hometown Project, AIESEC in Indonesia together with its partner DANONE Aqua strived to help its members together international volunteers and young Indonesians to care for the healthiness of society with activities that can raise the importance of water consumption, kidney health, and a healthy lifestyle.

Somos Project The project of “Somos México” emerged as an idea to attack a major problem in the city of Monterrey, which is discrimination. The project goal was to reduce inequalities that indigenous women suffered and to achieve this, they were going to give out entrepreneurship workshops,

they make. This project is about supporting Mexico in achieving reduced inequalities, which is one of the United Nation’s Sustainable Development Goals (Goal #10).

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A YEAR IN REVIEW

YouthSpeak Launch campaign made

16 million

(HIGHLIGHTS)

impressions across social media.

We deployed a social media strategy where we centralized channels between the national teams and the local teams, and changed the perspective prioritizing the needs of our stakeholders.

This year, Transforming The Movement was a challenge full of great experiences for our organization. Let’s review some points that made the difference during this period.

We developed and launched the 2020 mid-term ambition through an inclusive process that engaged 11,000 volunteers of

We gathered more than 160,000 responses in our YouthSpeak Survey, which gave us valuable insights on how to tackle the Sustainable Development Goals.

We had more than 23,500 delegates at 125 YouthSpeak Forums around the world.

the achievement of the Sustainable Development Goals. We created the Youth4GlobalGoals (#Youth4GG) initiative with our allies and showed our commitment to make them happen in the Youth Action Summit held at the UN Headquarters.

Our Global Information System reached more than one million users for

sponsorship increased this term and surpassed the initial goal of €677,240 to €703,415.29, invoicing more than one million euros.

The corporate We launched a new platform where we started to explore the B2B market and aligned the way AIESEC engages our enablers, which mirrors our platform for youth, to understand the exchange from a different perspective and the role enablers have in leadership development in the internships they offer. two years of loss.

29%

Overall, we grew 29% in exchanges globally from the previous term and all our regions grew in all the products, mobilizing over 37399 young people through exchange.

40,000 euros

The Global Compendium was fully reviewed and updated.

23 We become this movement by:

Our next Mid-term Ambition: AIESEC 2020 and Global Roadmap

Shaping what we do around the world needs: Being aware of global and local issues, we act quickly to respond to them by offering powerful leadership experiences. We collaborate with like-minded organizations that, like us, strive for a better world. Through this, we take part in global and local decision making processes.

From a youth-led organization to a Youth Leadership Movement term ambition is a milestone towards our vision which we set each 5 years. It took two years to set up this process that enabled our vastly diverse organization to come together to that image of what we want to become for the world. Using Future Search as method to create this ambition, AIESEC 2020 was born.

AIESEC 2020 represents the dreams of thousands of AIESECers that came together to create our next mid-term ambition, from the 900 delegates present at the International Congress in India (August 2015), to the more than 10.000 young people from all over the AIESEC network who participated virtually. We were able to put together a process that by including as many perspectives as possible allowed us to create a future image of the kind of organization we want to become, the kind of youth movement we will be.

Growing disruptively: Doing the same things is not enough to one day engage and develop every young person in the world. ways to grow faster and be better. Every AIESECer seeks for solutions and acts upon them every day. We are an AIESEC that is able to grow from 5 to 500 exchange experiences within a few weeks.

This mid-term ambition is summarized in four statements: We are a youth Leadership Movement youth & like-minded organizations around the globe to act as one. When people think of leadership development, they think of AIESEC.

Being accessible to everyone, everywhere: Anyone can experience AIESEC, be it physically, virtually, directly or indirectly. We actively break our geographical and social barriers to make it possible for every young person in the world to live an AIESEC experience.

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2020

Entrepreneurial and Agile AIESEC

AIESEC Experience: Improve and Invent / Plug and Play

Expansions: Physical and Virtual

Constantly improve current products and invent new ones  to become more relevant to the markets and accessible to young people, and to provide more and better AIESEC experiences.

AIESEC being accessible in all Evolving the way we run AIESEC the territories, be it physically to become fast, agile and or virtually, directly or indirectly.

Growth and support for current solutions on everyday level expansions, sustainability  and fast growth in future expansions

The role of each generation will be to build on the successes and achievements of the previous one to make sure we achieve this collective dream set by our members to be a Youth Leadership Movement! The

Not stopping here, the AIESEC network also created a Roadmap to ensure that these dreams are achieved. This roadmap is comprised of 5 strategies and multiple projects to assure continuity and progression of the organization year after year. The strategies are:

towards aiming higher, thinking relevant as the largest youth-led organization in the world.

Open, multi-sided platform and customer experience

Organizational legality and

Being ahead of the curve in a way Ensuring that we are 100% legal we acquire, service and deliver and sustainable in our operations at all levels. value to all our customers

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AIESEC Declaration on Sustainable Development Goals In December 2015, AIESEC’s young global leaders and representatives from 126 countries and territories gathered at the United Nations Headquarters to promote and drive youth participation in the implementation of the 2030 Agenda for Sustainable Development to achieve the Sustainable Development Goals.

Taking into account: The desire of AIESEC’s global membership and strategic partners to embrace the Sustainable Development Goals;

AIESEC Youth Action Summit The AIESEC Youth Action Summit was held between the 9th and the 11th of December 2015 in the UN headquarters in New York with the goal of calling the youth to focus on the impact post 2015-agenda.

The participants took a deeper look into the state of the world as well as the impact of the Millennium Development Goals, and they became able to grasp the potential of the Sustainable Development Goals and role that each stakeholder plays in it, especially young people.

The participants were: More than 120 AIESEC country directors and volunteers ensuring the support of the organization towards the Goals, Youth ministries and UN representatives supporting the organizations and general youth for making the world a better place, Business leaders providing the knowledge and resources for the projects which support the Global Goals Academic leaders pointing out the importance of higher education in empowering youth Civil Society Representatives co-creating meaningful partnerships and collaborate for positive impact.

The Conference in a nutshell: The United Nations’ Sustainable Development Goals are an ambitious

a better world. On September 25th, 2015, 193 world leaders committed to 17 goals keeping these three fragments of a world vision in mind.

With about 1.8 billion young people composing the world’s population, it is evident how huge a role the youth can opt to play in achieving this.

Young people are critical positive agents of change. Movements in human history have witnessed that when young people take to a cause, protests and energy is elevated. Activism steps up when young people readily catalyse them. However, the world’s youth population is not entirely hale enough to take up the initiative to contribute It started with the information and education about the Sustainable Development Goals and the clarity of basing our actions around what the world needs. The delegates understood the present and the current state of the world and came up with trends shaping it, statistics, potential dangers and solutions.

Speakers included the United Nations Deputy-Secretary General Jan Eliasson and Envoy on Youth, Mr. Ahmad Alhendawi who highlighted the central role of young people to the achievement of the Sustainable Development Goals, noting that next General’s Envoy on Youth will be launching a Global Youth Partnership

for SDGs for young people to take action and showcase best practices.

Furthermore, Mitchell Toomey from United Nations Millennium Campaign, Nora Wu Global Capital Leader of PWC, Christopher Ian Morris Head of NGO and Civil Society Center of ADB, Douglas Ranan of UN Habitat, Henrik Sundström, Vice President, Group Sustainability Affairs of Electrolux, Sergio Fernandez de Cordova CEO of PVBLIC, Philip Chlotier from Barret Values Centre, who all approached the challenges and opportunities of the current global context, and provided key elements on how to engage youth, private sector and the public sectors to achieve the sustainable development goals. Finally several workshops were held to shape the above described challenges into collaborative projects among different sectors of society business, government, civil society, and youth with the focus on the needs of the world and the Sustainable Development Goals.

Finally, the delegates looked into how to implement projects, partnerships and new initiatives regionally, nationally and locally. The Media were there publicizing the outcomes and strategizing on how to engage the public in a way that generates ownership of them and the Sustainable Development Goals. At the end, AIESEC launched its commitment and contribution towards the Sustainable Development Goals - a commitment of young people to make the Global Goals happen.

AIESEC’s goal to engage and develop every young person in the world - a milestone towards achieving its organizational mission and vision of Peace and Fulfillment of Humankind's Potential; AIESEC’s 2020 ambition to shape its operations around the needs of the world, increase its reach and scale up positive impact in communities around the globe by mobilizing more young leaders through its global volunteer and internship programs; AIESEC hereby declares to embrace and contribute to achieving the Sustainable Development Goals by mobilizing and developing young leaders who create awareness, foster engagement and take action to implement these goals.

1. Create Awareness of the Sustainable Development Goals AIESEC commits to create awareness of the Sustainable Development Goals among its members, partners, collaborators and young people worldwide, to engage the global community in achieving these goals.

2. Foster Engagement around the Sustainable Development Goals AIESEC commits to gather and amplify youth opinion on issues that matter to them, and facilitate global and local discussions that generate actionable ideas on young people’s contribution to the implementation of the Sustainable Development Goals.

3. Take Action on the Sustainable Development Goals AIESEC commits to align its global volunteer and internship programs with the Sustainable Development Goals to contribute to achieving the m; and to mobilize its members and young people around the world to take action to implement the 2030 Agenda for Sustainable Developmen t.

declaration of AIESEC’s commitment looked like. th

December 11 2015, United Nations Headquarters, New York City, New York

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Biggest fears for Millennials are:

YouthSpeak Survey Lack of Humanity

Wars

Lack of Resources

Corruption

Global Warming

Characteristics young people value the most in their leaders are: 160,292 young people answered to the global YouthSpeak survey, engaging people across more than 120 countries. The report gives insights on how to engage Millennials to take actions for a better world.

YouthSpeak Survey is a movement aimed to know the issues that matter to Millennials, create awareness and generate actions. This is the second version and the one which has received the biggest amount of answers.

The survey is part of the initiative Youth For Global Goals which also contains YouthSpeak Forum & YouthSpeak Projects. Download the answers here: aiesec.org/youthspeak/ Ahmad Alhendawi - UN Secretary-General’s Envoy of Youth, Chris Morris - Head of Asian Development Bank, Agnès Hussherr - Global Human Capital Leader PwC International Limited, Léin Wijnands - ING Bank Global Head of Sustainability, Catherine Clothier - Director of Operations at Barret Values Centre, John

Trew - Regional Youth Employment Specialist at Plan International in Asia, Iris Caluag - Youth Employment Solutions Associate at Plan International in Asia, Douglas Ragan - Youth Unit Chief at UN Habitat, Sergio Fernandez PVBLIC Foundation Co-Founder, Barbara Rambousek - Associate Director for Economic Inclusion and Marija Milanovic - Nokia Global AIESEC Coordinator shared their perspective about the power of youth and how important it is to know and mobilise them towards the Global Goals.

“We should take seriously the findings of this report and commit ourselves to working to mobilize and empower young people to take action on the SDGs” UN Envoy of Youth Secretary-General.

The most important insights:

Do you think your society will be in a better or worse state 15 years from now?

32% WORSE

Care

Determination

Responsibility

Courage

Empathy

Vision

Passion

life and love take the top 3 spots, while power and authority, social status and recognition end up in the bottom of the list.

Do you know what the Sustainable Development Goals (SDGs) are?

68% BETTER

68% think that society will be better by 2030. The region which thinks that society in 2030 will be in a better state the most is Africa, followed by Central and Eastern Europe. Western Europe and North America has more pessimistic outlook on this question.

46% Yes

54% No

Only 45% knows about the Sustainable Development Goals. The Global Goals youth cares about the most are #4 Quality Education (48%), #1 No Poverty (33%) and #3 Good Health (29%).

31

Youth for Global Goals is an initiative powered by AIESEC aimed to activate the leadership potential of young people around the world by engaging and mobilizing them through purposeful and cross-cultural projects around the globe. Projects are designed to support the implementation of the Sustainable Development Goals (SDGs). The core of Youth for Global Goals is to drive concrete action by young people towards the Sustainable Development Goals; not just engage them in advocacy.

Virtual campaigns run within the Youth 4 Global Goals: Earth day – Social media campaigns – statements – videos - Thunder Clap 100 days SDGs - Social media campaigns – articles - videos #Youth4GG Pic – Social media campaign – Individual statements Awareness SDG videos Outdoor campaign in Malaysia 6 weeks for the world: #6for10 campaign - AIESEC in US 130.000 hours campaign – AIESEC in Australia Mainland of China Weibo SDGs campaign

Goal Reach Awareness

Mobilizing Youth to achieve the Sustainable Development Goals

Achieved

Target

255.294.959 2.505.523

1.000.000.000 25.000.000

Understanding

23.500

45.000

Action

15.089

28.000

Reach: Press releases, Social Media Thunderclap, Social media reach, National Campaigns, outdoor advertisements Awareness: YouthSpeak Survey, YouthSpeak Forum attendees, Blogs, Releases showcasing SDGs Understanding: Attendance of YouthSpeak Forum, SDGs workshops Action: Global Volunteer exchanges realized 01/01/16 - 30/06/16

Partnerships Thanks to Youth for Global Goals, we have been able to engage with multiple organization to mobilize young people to achieve the Sustainable development goals, some of them are: Asian Development Bank, Plan International, United Nations Habitat, PVBLIC Foundation, PwC, Electrolux, Gaiasoft, HP, Nokia among others.

The partnerships look to strengthen youth participation on the 2030 Sustainable Agenda, by enabling young people to experience and create a better world through projects that address the Sustainable Development Goals.

The “No one is left behind” concept, is a call for AIESEC to activate every young person and mobilize them to take part in this better future that the world is envisioning. This is our call and Youth for Global Goals is our response!

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Global Partners

Global Partners The collaboration with AIESEC started 10 years ago and since then, the partnership took many forms in its purpose to address the needs that both organizations had over years.

Tata Consultancy Services (TCS) is a global leader in IT services, digital and business solutions that partners with its clients to simplify, strengthen and transform their businesses. TCS has been recognized by Brand Finance as one of the Big 4 Global IT Services Brands. Our continued industry-leading growth is a testament to the certainty our clients experience every day. We are part of Tata Group, one of India’s largest industrial conglomerates and most respected companies.

The nature of ING is what determines us to partner with an entity like AIESEC. In ING, we believe all sustainable progress is driven by people with the imagination and determination to improve their future and the future of those around them. We empower people and organizations to realize their own vision for a better future – however modest or grand. Our purpose therefore is: Empowering people to stay a step ahead in life and in business. And when we think about AIESEC as an organization and its purpose to develop youth leadership by offering cross cultural experiences in its journey to achieve

TCS - AIESEC Partnership: In its endeavor to become a global minded company and employer of choice, TCS has created a platform for learning and development of global talent in partnership with AIESEC International - The ACE Program - where we encourage global youth to experience through cultural and professional international internships with us.

ACE Program Objectives: - Encourage diversity within our associates.

- Build a strong employer brand within young leaders.

- To make it a joy for our associates to work with us.

- Provide a global and entrepreneurial view in our projects.

Since 2004, TCS has offered young professionals the opportunity to learn, experience, and develop their skills, offering internships in India and Hungary. Over 1300 interns from 80+ nationalities have interned with TCS in the past 12 years.

ACE gathering at Pune, India Currently, our program provides career development opportunities to more than 300 AIESEC interns annually. It gives young professionals an opportunity to ACE their personal and professional life: Accelerate professional growth in the world’s fastest growing technology and consulting company Connect with our truly global culture by working in multicultural teams and with international stakeholders Experience personal growth and competency development, together

with TCS internal training programs, ACE events, and CSR initiatives

Human Resources - Be a part of the various HR teams in TCS be responsible for recruitment,

Career streams:

employee welfare, organizational effectiveness, performance management or other HR related functions

Foreign Language Initiatives - Be responsible for communicating with clients from different countries, conducting language trainings for team members and translating of documents Programmers and Developers Work on program maintenance, software development and production support

Business Analysts - Analyze data provided by clients, create process flow maps and, based on that, collaborate with other project team members to deliver business results

all that we need to see in a partner in order to empower it. We found

a common ground in the nature of both entities and the reason for which we partner with AIESEC is because we want to Empower, Engage and Inspire youths to take actions to stay a step ahead in life and in society. We believe that this is the point where this partnership brings added value in the world, not only for ING or AIESEC as organization.

Together we build a partnership that will bring both ING and AIESEC closer to achieving their vision as organizations. On the one hand, it is a partnership where AIESEC offers access to an international pool of talent, young people with diverse backgrounds/ nationalities and leadership experience that are ready to bring on board innovative ideas to support ING in staying a step ahead and think beyond traditional banking. On the other hand, ING is supporting AIESEC to achieve its purpose of generating more leadership developing experiences in the world.

We can recognize the value that AIESEC brought in the world only by looking to the impact it had over ING in the 10 years of partnership we had so far. Besides the CEO of ING, Ralph Hamers, over 50 other AIESEC alumni work now for ING only in The Netherlands. Starting with last year, ING accessed for the bringing 4 AIESEC interns in ING and this was a game changer for the partnership’s value and the way we see the international programs that AIESEC is developing. Now we are looking to expand the partnership and bring on board ING Poland by having the model of collaboration between AIESEC and ING Belgium.

The impact that AIESEC had in ING empowers us to believe in the impact and the value point that this partnership can bring in the entire world

Gaiasoft: Gaiasoft works with consultancies, governments and global agencies to deliver policies and

Partnerships During the year 2015- 2016, many companies and organizations partner with AIESEC and continue contributing and bringing us one step closer of achieving our vision.

ADB: in character and foster economic growth and cooperation in one of the poorest regions in the world. ADB assists its members, and partners, by providing loans, technical assistance, grants, and equity investments to promote social and economic development. The partnership started in 2015 and aims to mobilize young people to achieve the sustainable development goals and showcase youth contribution for a better world. ADB is a proud founding partner of Youth for Global Goals.

DPDHL Group: The Group provides its customers with both easy to use standardized products as well as innovative and tailored solutions ranging from dialog marketing to industrial supply chains. 2016 is the year where we are celebrating 20 years of successful cooperation between AIESEC and DPDHL Group, and this encouraged us once more to take this partnership to the next level. Having certain things in common, such as willingness to broaden young talents’ experiences, geographical spread and network, or doing something meaningful, builds a strong basis for this partnership and its long lasting collaboration.

ECU Worldwide: ECU Worldwide (erstwhile ECU-Line) is a global leader in NVOCC services. Backed by rich legacy, passion and agility, it has brought in world-class innovations in LCL (less than container load) and set several benchmarks in the industry. In May 2016, they rechristened their identity to ECU Worldwide and consolidated their offering LCL and FCL services across the globe. The partnership started in 2015 and aims to promote opportunities for young people to develop their leadership while being part of the company.

35

plans through Gaiasoft develops change templates and software products that empower people to work easily and collaboratively toward change that is positive, meaningful and enduring. Starting in 2015, AIESEC and Gaiasoft partner to connect youth and governments to promote a more youthful agenda in the african countries.

HNA tourism: HNA Tourism Group is the mainstream business holding of HNA Group, incorporating Airlines, Hotels, Tour Operators, Finance and Internet among other tourism related business under an innovative development model. From 2015, HNA Tourism Group started the partnership with AIESEC. They believe the partnership with AIESEC could cultivate more global future leaders.

IE Business School: IE is an international institution dedicated to educating business leaders through programmes based on their core values of global focus, entrepreneurial spirit and a humanistic approach. IE & AIESEC’s current partnership focuses on providing awareness and inspiring a generation to create innovation within education as well as to build capabilities of future entrepreneurs. The components of the partnership include social media campaigns, conference engagement globally and scholarships for AIESEC leaders for IE programs

ING: Since 2006, ING has sponsored the Global Leadership Awards and in 2011 launched an offered in different countries around the globe, which gives new opportunities for development, growth and international experience.

International SOS: is the world’s leading medical and travel security services company. They count nearly twothirds of the Fortune Global 500 companies as clients. International SOS specialises in medical assistance, travel security advice and information, emergency services, healthcare, evacuation and repatriation services. The company was founded in 1985 to provide medical, travel security advice and assistance to organisations with people living and travelling abroad. International SOS operates from over 1,000 locations in 90 countries and take around 5 million assistance calls every year.

International SOS focuses on helping organisations and their people reduce exposure to, and mitigate, risks while travelling abroad. Their services include pre-travel information, pre-travel health programmes, travel safety education, advice, medical equipment and assistance services.

The common believe in young people, unites International SOS and AIESEC to promote internship opportunities that develop the leadership qualities of youth during their experience in the company

EF Education First: EF Education First, the world leader in international education, has been a proud global AIESEC partner since 2010. EF shares a very similar purpose and values with AIESEC as well as its mission: to open the world through education. The company created a customized global internship program for AIESEC leaders called the EF Diversity and Development program which has become very successful. In addition, EF extensively participates at global AIESEC conferences and many other initiatives based on various local partnerships between AIESEC and EF markets.

Electrolux: Partnering with AIESEC for over 10 years and having hosted more than 350 interns around the globe makes Electrolux one of the strongest Global partners. This year, alongside with the talent attraction, Electrolux was involved in developing a Sustainability strategy together with AIESEC, aligned with the Sustainable Development Goals through their strategy “For the better”, as well as being sponsor of the annual Global Electrolux Excellence Awards.

Mindvalley: Founded in 2003 by Vishen Lakhiani, Mindvalley is a learning experience company that publishes mindfulness and more – serving three million students, subscribers and followers worldwide. Through their digital education platforms, online academies, mobile apps, content platforms and live events, Mindvalley give access to transformational knowledge that empowers people to expand their boundaries, unleash their potential and lead an extraordinary life – on their terms.

Partnershing for more than 10 years, Mindvalley offers unique opportunities for young people to live an internship opportunity in the company and hack education around the world

NIKE: “If you have a body, you are an athlete.” NIKE, one of the most prestigious brands in the world, works closely with AIESEC to attract and retain the best young talent which aligns with their values, mission and vision.

Everis: Everis has signed an agreement with AIESEC to facilitate the employment of students in the European countries where everis has a presence, which are Brussels, United Kingdom, Italy, Portugal, Luxembourg and Spain.

This alliance is a step forward in the consolidation of the international presence of the company.

NOKIA: From Finnish roots, Nokia has evolved to adapt to a changing world for 150 years. Today they’re shaping a new revolution in how people, business, and services connect with each other, creating new opportunities for our customers, partners, and communities. We believe in renewal, and we invest to develop our skills and grow our pool of fast learning, dynamic and talented people that strive with us to make technology more human.

Forest Interactive: Established in January 2006, FOREST focuses on providing Application Development and Mobile Related Services to Content Partners & Aggregators operating in the ASEAN Countries. Their primary aim was broadened to specialise in development of software solutions in the areas of Creative Multimedia, Telecommunications as well as ICT. The partnership started in 2015 and aims to promote opportunities for young people to develop their leadership while being part of the company.

Plan International: Founded in 1937, Plan International is a development and humanitarian organisation that advances children’s rights and equality for girls. We strive for a just world, working together with children, young people, our supporters and partners. We strive for a just world that advances children’s rights and equality for girls.

Plan International and AIESEC partner to promote youth participation in the Sustainable Development Agenda by delivering project on gender Equality. Plan International is a proud founding partner of Youth for Global Goals.

39 Pvblic Foundation: power of media to drive social change. An aggregator of media across all platforms, PVBLIC works strategically PVBLIC, we believe that media is the new currency. PVBLIC supports AIESEC in raising awareness in young people around the Sustainable Development Goals. PVBLIC is a proud founding partner of Youth for Global Goals.

Network Successes

PwC: PwC has proudly been supporting AIESEC globally now for more than 40 years, making it the longest standing partnership. PwC works with AIESEC on a diverse range of initiatives: actively participating at international developing an alumni network. The global partnership can be grouped into four main domains that include global thought leadership, talent development, corporate social responsibility and youth insight, each providing its own subset of added value.

TATA Consultancy Services: As one of AIESEC’s largest internship partners, with over 200 internships delivered in the last year, TCS works strategically with AIESEC on attracting talents for their global projects within the ACE Program around the world. They also support YouthSpeak Forums globally and regionally.

UCB: (Union chimique belge) is a multinational biopharmaceutical company headquartered in Brussels, Belgium.

Epilepsy, Parkinson’s, & Crohn’s diseases. The Company’s efforts are focused on treatments for severe diseases inflammatory disorders (including allergy), and oncology. They have a shared ambition to transform the lives of people living with severe diseases. They focus on central nervous system and immunology disorders – putting patients at the center of the world.

UN Habitat: UN-Habitat is the United Nations programme working towards a better urban future. Its mission is to promote socially and environmentally sustainable human settlements development and the achievement of adequate shelter for all.

Mandated by the UN General Assembly in 1978 to address the issues of urban growth, it is a knowledgeable institution on urban development processes, and understands the aspirations of cities and their residents. For close to forty years, UN-Habitat has been working in human settlements throughout the world, focusing on building a brighter future for villages, towns, and cities of all sizes. goal 11, Sustainable cities and Communities. UN Habitat is a proud founding partner of Youth for Global Goals.

Uniplaces: is creating a trusted, global brand for student accommodation. We believe in making accommodation easier for students and accommodation providers. We want students to feel safe when booking and we understand the value of good accommodation providers. We give both of them the great service they deserve. This is our way of turning an old-fashioned market on its head. It’s our way of changing the world.

We believe that nothing in this world can make us come alive like a new experience, that nothing like a great adventure provides us with the moments that last forever and that technology can help us shape a world without borders. We believe that studying in another country is an opportunity to live and learn all of these things and that if you want to go, you have to do so. We’re here to help.

Teach For All. is a global network of over 35 locally led and funded independent partner organizations with a shared vision for expanded educational opportunity in their countries. Each partner recruits and develops diverse leaders to commit two years to teach in their nations’ high-need classrooms and to work throughout their lives to increase opportunity for children.

JCI: is a nonprofit organization of young active citizens age 18 to 40 who are engaged and committed to creating impact in their communities. JCI is a network of young people in over 120 countries and with targeted solutions to local issues they benefiting the world. JCI organizes projects related to youth issues in over 5000 chapters around the world.

World Merit: is a platform for young global citizens who work hard collaboratively to make the world better.

World Merit strives to connect talent with opportunity, and supports young people to reach their fullest potential.

CHINESE YOUTH SHARED ITS OPINION The “Live Out the Colorful” campaign was launched by AIESEC in the Mainland of China in coorperation with Tropicana in May, 2016. The campaign was targeted at young people to lead their lives with positivity and gained support of numerous superstars. The campaign gained massive momentum on Weibo and within 192 hours crossed over 10 million hits.

JUSTIN TRUDEAU’S MESSAGE TO AIESEC Justin Trudeau sent a personal video message to the delegates of Canada Youth to Business Forum. In his message, he emphasised on the role that young people play in shaping the future of the world and the support that they should be given to make accessible tools and opportunities that will help them create a better world.

The Prime Minister’s message was highly encouraging not only for AIESECers in Canada but, globally, and the video was widely shared on social media.

UPGRADE YOUR WORLD As part of the Windows 10 global launch activities at the end of July, Microsoft launched the Upgrade Your World initiative. AIESEC in Kenya was successful in receiving the grant of $500,000 by Microsoft after having in organisational improvements that enable them to upscale their impact.

PRESIDENT’S KEYNOTE AT COSTA RICA YOUTHSPEAK FORUM Luis Guillermo Solís Rivera, the President of Costa Rica, engaged with the delegates of the YouthSpeak Forum with his keynote speech. Mr. Rivera addressed the audience on the importance of the youth coming together

AIESEC AWARDED FOR THE REFUGEE PROJECT IN ITALY AIESEC Italy was awarded with the European Charlemagne Prize for its Project InteGREAT. The project gives volunteering opportunities to young people from around the world who organize programs to integrate refugees into the society.

39

Statement of revenue and expenditure in the operating fund for the year ended 31 May 2016

Financial Report

Notes

Budget 15-16 EUR

Year ended 31 May2016 EUR

EUR

EUR

Year ended 31 May2015 EUR

EUR

Revenue Membership fees Global Service Fees

754,648

754,648 754,648

SUBTOTAL

768,448 754,648

768,448

Sponsorships,Donations,Grants Corporate

Balance sheet as of 31 May 2016

Prior terms and translation adjustments

Note To report:

31 May 2016 EUR

EUR

31 May 2015 EUR

5.1

285,543

400,167

5.1

1,316

970

5.1

35,378

76,933 322,237

-

677,240

642,721

621,634

6.1

10,975

13,015

TOTAL REVENUES

1,431,888

10,975

13,015

1,408,344

1,403,097

Expenditure Operating fund

564,209

Prepayments and deposits

131,758

123,648

Short-term investments

298,547

393,437

Cash

600,304

395,452

5.2

SUBTOTAL

1,751,969

TOTAL ASSETS

Salaries and personnel expenses HR training and development

Information Management & BI

1,476,746

2,074,206

1,954,816

SUBTOTAL

984,628 628,492 1,613,120 54,742

(13,740)

(13,173)

(12,950)

(59,430

(58,730)

(49,463)

(162,000)

(162,000)

(297,064)

(27,800)

(35,558)

(25,209)

(20,528)

(13,848)

Governance expenses

(33,520)

(25,675)

(27,723)

Meeting and conference expenses

(96,080)

(96,993)

(74,750)

(101,480)

(96,069)

(123,724)

(40,000)

(25,264)

(24,463)

-

-

-

Travel expenses

979,627

Infrastructure

(7,000)

(4,618)

(6,763)

645,276

Research & Development

-

-

-

Network Audit & Control

-

-

-

(20,000)

(12,595)

(7,142)

(7,000)

(15,005)

(15,019)

(50,000)

(57,997)

(29,254)

1,624,903

Information Technology

59,960

Depreciation/amortization assets Bad debts and write-offs

5.5

(702,848)

(24,500)

Other expenditures

5.4

(743,278)

Legal expenses

Alliances and Partnerships

5.3 5.3

(788,838)

Financial Management

Additional Support

TOTAL EQUITY AND LIABILITIES

(60,695)

SUBTOTAL

478,070

721,360

Current liabilities

-

SUBTOTAL

Financial and other income

Current assets

Deferred revenue

621,634

Other revenue

SUBTOTAL

Fund balances Operating fund Restricted funds

703,415

EUR

Fixed assets

Receivables

677,240

406,344

269,953

2,074,206

1,954,816

6.2

-

SUBTOTAL

(1,431,888)

(1,367,482)

(1,541,220)

TOTAL EXPEDITURES

(1,431,888)

(1,367,482)

(1,541,220)

-

40,862

(138,1230)

Excess of revenue over expenditure

41

Note from the Supervisory Group

spent in 1516 (except Awards Fund).

AI Restricted fund PR and MKT AI Restricted IS Fund Total Amount left to allocate

€ 3,300.00 € 574.07 € 3,874.07 € 36,986.93

Then, the remaining were allocated between the Global (67.66%) and AI Restricted Funds (19%), and the AI Strategic Reserves (13.33%), as follows: Fund

Amount € 5,000.00 € 15,000.00 € 5,000.00 € 25,000.00

Fund

Amount € 6,986.93 € 6,986.93

Legal Management Fund Information Systems Fund ILM Reserve Fund Total

AI Plan Fund Total

Strategic reserves AI Strategic reserves Total

Amount € 5,000.00 € 5,000.00

AIESEC has performed well enabling Entities’ operations led to greater investments ended 31 May 2016 in terms of to accelerate the system’s development for which some results. After several terms entities run a crowd-funding without any excess of revenue camping to contributed extra over expenditure, this term resources that were allocated ended with € 40,862 in excess of to the Global Information revenue. This year, the creation Management Fund for almost of the next midterm ambition €50,000 including also some (2020) took place, and with it alumni donations. This crowdcame some investments in order funding income is reflected to do it in in such a way that we in the increase in revenue of could ensure as much as possible the restricted funds, also, the that an ambitious yet feasible depreciation of the system the increase in framework was created. This was reflects done through several workshops Depreciation Assets. and co-creation spaces in both The provision made in the term International Conference 1415 of €131,000 due to the of 2015 (held in India) and uncertainty of MC Vietnam’s loan International Presidents Meeting payment (€207,933 were lent because of the last minute move 2016 (held in Morocco).

Due to the good usage and of our International Presidents constant control of the budget, Meeting from Vietnam to the AI Restricted Funds were Cambodia in 2015), was not almost not spent in the current released nor increased because the payment plan still has several Funds were spent according years for completion. Yet, the to Plenary’s mandates.

The MC of Vietnam started to pay implementation and constant this year in satisfaction with the improvement of the AIESEC agreed timeline. business model, with the renewed customer flow for the youth in Sponsor receivables, which programs and the new operating is mainly caused by the Asian system EXPA, continued to be a Development Bank (ADB) primordial task for the AIESEC partnership, as the projects International team. In addition, involved have a particular the development of Company timeline, their budget is complex, Opportunity Portal as a pull and payments are tied to outputs strategy to have new channels deliverables and different for organizations to work with controlling and management us, generated extra needs. Thus, processes within ADB and AI. the demands of the growing Therefore, several outstanding network and our focus on both invoices to be paid by ADB the customers’ satisfaction and from recent projects that are

currently

ongoing

have

not

there is an ongoing project at the moment, the suspense account can only be completely and all outputs are approved, meaning all payments have been received and all expenses are processed. Similarly, the PwC GCDP sponsorship revenues and expenses are in a suspense account while the projects are executed. Additionally, member committees’ liabilities grew due to the Apple partnership, where done jointly with some entities because of particular invoicing instructions in the global contract.

In 1516, the AI Team was unexpectedly evicted from their residence in Rotterdam (Hofdijk), after the landlord decided last minute to not renew the lease (the 5-year lease had been renewed once before, totaling 10 years of AI Teams living there under this contract). The decision was informed to AI in May 2016, therefore the incoming and outgoing teams had to hurry to leave Hofdijk in the conditions demanded by the landlord and on the time agreed by both parts.

This situation implied moving, new tenancy agreements and deposits to be paid in May and liquidation from Hofdijk by July 2016, which is shown in the balance sheet.

Although an estimation of wage

increments had been done, the actual increments surpassed the forecast; yet, this did not imply over expenditures.

Regarding travel budget, one of the biggest variable costs, this year we implemented stronger budget controlling systems and therefore, we present no over expenditure of the AI team’s travelling budget lines and have a decrease of €27,626 from the previous term. Still, great travelling investments were consciously made to have representation in different events (e.g. New UN Secretary General Appointment Retreat, opening event of the 70th General Assembly of the UN, ECOSOC Youth Forum, JCI Work Congress 2015), to form new alliances and partnerships, maintain and improve current ones, and train/coach Entities.

Moreover, AIESEC’s commitment to the Sustainable Development Goals (SDGs), resulted in a series of activities and investments made in order to showcase our commitment, partner with other organizations to contribute to their awareness and achievement, represent youth’s voice and provide a focus and framework to the network to align our operations with this world initiative. An important example of this is the event Youth Action Summit organized

by AIESEC and hosted in the UN headquarters in New York in December of 2015. This event implied an extra investment which was greatly supported by our partners, ADB, PwC and Electrolux, and resulted in AIESEC formally committing to mobilize youth into action for the SDGs, providing a space for youth to learn and express their views on the matter and connecting the organization with major political

actors and world organizations.

The costs associated to this new event account for the increase in Meeting and conferences expenses.

Another special development was the creation and launch of Youth for Global Goals (Y4GG) initiative, which aims to generate awareness and understanding of the SDGs, gather and share youth’s views through the YouthSpeak Survey, raise youth’s voice and connect with other organizations through YouthSpeak Forums and create exchange projects that are directed towards the achievement of the SDGs. The corporate sponsorship increased this term after a decrease last term. The goal was to have €677,240 in revenue and we surpassed our goal, obtaining €703,415.29. This reflects the hard work put into maintaining and strengthening the partnerships left by previous terms, upscaling and renegotiating some partnerships, offering new opportunities for partners to contribute and benefit from, and engaging new organizations to work with us.

We focused on obtaining more strategic partnerships that can contribute in different ways, not only to our operations, but also to AIESEC’s growth and the fulfillment of our vision, while leaving partnerships that will benefit future terms. The ADB partnership, PwC’s GCDP sponsorship and Electrolux’s SDGs projects are examples of this.

A financial managerial decision was made to write off all bad debts that had accumulated during previous terms and that were not going to be recuperated (payments we were not going to receive), which added up to

€69,136.78. These prior terms adjustments decrease 1516’s revenues but give a clean start for the Global Office for the next term. Nevertheless, we were able to obtain a profit after recognizing that significant “expense”.

Many organizations across the world are turning to AIESEC to provide high quality internationally mobile talent, and many students are taking the opportunity to gain some international work experience through AIESEC before looking for full time employment or becoming entrepreneurs themselves. Our organization is experiencing unprecedented levels of growth currently achieving 37,483 international internships, - 30,826 in our Global Community Development Programme and 6,657 in our Global Internship Program.

AIESEC also provided Team Leadership and Team Member Experiences for over 50,000 young people in the year which ended 31 May 2015. AIESEC has a membership of around 70,000 students and recent graduates from around the world. AIESEC currently has 122 Member Committees and Contracted Units. It is present with initiatives in another 9 countries and territories.

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The AIESEC International Supervisory Group was established in May 2003. Members serve a minimum two-year term, with a staggered turnover. The current members of the group are: Jan Muehlfeit Former Chairman Europe, Microsoft Corporation Vinicius Tzugue Former President, AIESEC International (ex officio member) Phil Clothier CEO of Barrett Values Centre Carsten Sudhoff CEO of Circular Society Simon Bennett Partner for and on behalf of Fox Williams Aniko Magashazi Formerly with UniCredit and ex-AI member Dorothy Hillenius Director of Corporate Development at ING Bank Andrew Rizk CFO International Committee for Red Cross and Red Crescent Societies Edgard Gouveia Junior With Play the Call Visionary and Mobilizer Kivanc Onan General Manager at Paypal for Turkey, Middle East and North Hannes Chopra General Director Sberbank Strakhovanie Naila Mir Global Communications Business Partner to HR at Unilever Michael Stewart President and CEO at Edelman Europe Andrew Rowe President AIESEC Alumni International Philip Sladdin Global Information Leader of PwC International The AIESEC International Team would like to recognize the contribution of the following Supervisory Group Members who completed their term this past year: Andrew Rizk CFO International Committee for Red Cross and Red Crescent Societies

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AIESEC INTERNATIONAL TEAM 2015-2016

Ana Saldarriaga, Global President

Ardian Widjaja, Global Vice President, Operations

Chiara Gianola, Global Vice President, Business Development

Katarzyna Nabrdalik, Global Vice President, Operations

Maged Saklama, Global Manager, Informational Management

Marc Chamarro, Global Vice President, Operations

Arthur Chiba, Global Vice President, Organizational Development

Dasha Axenova, Global Vice President, Innovations

Dmitriy Dubovik , Global Vice President, Digital Marketing

Mona Pan, Global Manager, Partnership Development

Monica Lombana Global Vice President, Finance

Natalia Farfรกn, Global Manager, Partnership Development

Federico Restrepo, Global Manager, Business Development

Branham Anamon, Global Vice President, Operations

Gurin Pal Singh Global Vice President, Marketing

Niels Caszo, Global Vice President, Product Innovation

Stephan Luecke Global Vice President, Partnership Development

Jonathan Suarez, Global Vice President, Product Innovation

Ivana Gusic, Global Vice President, Public Relations

Joan Manuel Sanchez, Global Manager, Partnership Development

Kasia Kuchnowska, Global Vice President, Product Innovation

Victoria Mello, Global Vice President, Operations

Felipe Pacheco, Global Vice President, Information Management

Hamza Merzguioui, Global Vice President, Operations

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Every year, AIESEC organizes conferences that allow young people to gain leadership skills that allow them to impact the world. Our unique Leadership development Model develops 4 key qualities in young people: Solution Oriented, Global Citizen, Empowering others and Self awareness.

These conferences are divided per region or run globally, where young people to have a possibility to interact and be engaged with like-minded youth. A part of the agenda of the conferences is YouthSpeak Forum, where the delegates are able to learn about problems that are occurring globally or regionally, be

List of the upcoming regional and Global conferences Regional Conferences Americas: Time: 23-25.09.2016 Location: Chile Delegates: 300 Africa: Time: October Location: Togo (West) and Uganda (East) Delegates: West 100-150 & East 150-200

Time: End November/Early December Location: Nepal Delegates: 150-200 Europe: Time: End of September Location: Armenia Delegates: 400 Global Conferences

International Presidents Meeting Time : February Location : the Netherlands Delegates : 270 people

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