Dynamically Growing Business Services Sector Requires Redefinition

Analysis

Almost 40 million people - about 20% of all employees in Europe - constitute the workforce of the redefined business services sector. According to ABSL estimates, this number will increase by 4% annually, and will stand at 50 million by 2030.

Due to the sector's remarkable expansion, increasing potential, and anticipated continued development, the establishment of even greater representation has become essential. ABSL's presence aims to facilitate and enhance the sector's growth by fostering collaboration with key stakeholders, EU institutions, and other relevant parties at the heart of the European Union.

This strategic approach is poised to yield substantial business advantages, such as encouraging a conducive regulatory environment, attracting investments, and creating favorable economic conditions for sustained development, ABSL notes.

A Trailblazer in Cross-border Employer Representation

To adequately represent such a vast sector across Europe and around the world, ABSL has expanded its footprint from Eastern to Western Europe, encompassing a total of 11 countries, including the DACH region. This expansion marks the organization's first venture into global territories and positions ABSL as a trailblazer in cross-border employer representation, underscoring its commitment to fostering the growth and interests of the sector on a worldwide scale.

The establishment of ABSL's representation in Brussels signifies a milestone, offering comprehensive support for the development of the business services sector in Europe. This move not only underscores ABSL's commitment to engaging with European institutions but also highlights its dedication to creating an environment conducive to attracting and optimizing new investments through cutting-edge technologies, the promotion and support of ESG standards, and the common value chain.

Working With Cutting-edge Technologies for a Sustainable Future

Keeping ESG standards in mind, ABSL also sees significant advantages in the collaboration of AI and the company's team.

Agnieszka Orłowska, VP ESG ABSL Poland, noted at the Foreign Direct Investment in Central and Eastern Europe: Risks and Opportunities debate at the World Economic Forum in Davos, that the company sees great opportunities in the AI aiding ESG transformation via collecting ESG data or generating insights for energy efficiency.

The panel itself discussed a variety of questions regarding FDI in the region, including how international know-how and foreign investments can support the acceleration of energy source diversification, and green growth in the region, how one can build a technological advantage in the region to increase competitiveness in attracting knowledge-based technological and digital investments, and how the region can maintain a leading position in the war for talent.

The opening remarks at the panel were delivered by Andrzej Duda, President of the Republic of Poland, and the speakers included Jayee Koffey, global head of enterprise execution & chief corp affairs officer, BNY Mellon; JarosÅ‚aw Kroc, senior managing director CEE, Accenture; Severin Schwan, chairman of the board, Roche; Tony Housh, chair, AmCham Poland; Kevin Turpin, regional director of capital markets, Colliers, and Agnieszka OrÅ‚owska, VP ESG ABSL Poland. The moderator was Henry Foy, Brussels bureau chief, Financial Times.

 


 

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