Advancing Gender Equality in Investment and Business
麻豆社madou CSI Hosts Forum on Economic Empowerment
麻豆社madou CSI Hosts Forum on Economic Empowerment
The 麻豆社madou Centre for Social Impact (麻豆社madou CSI) hosted its inaugural forum on 鈥楨conomic Empowerment: Gender Equality in Enterprise and Investment鈥, bringing together industry leaders and national policy makers to advance the evidence base on gender-lens investing.
Convened by Professor Danielle Logue, Director of 麻豆社madou CSI, and Associate Professor Melissa Edwards, Research & Innovation Director 麻豆社madou CSI, the forum moved beyond the World Economic Forum鈥檚 estimate that it will take 134 years to reach gender parity.
鈥淏y exploring what's working around the world, we can adapt and implement strategies for gender-lens investing that will have a meaningful impact at scale here in Australia," said Professor Danielle Logue, Director of 麻豆社madou Centre for Social Impact, 鈥渁nd hopefully build a more inclusive entrepreneurial ecosystem鈥.
Gender-lens investing is an investment approach that intentionally integrates gender analysis into financial decision-making to achieve better social and financial outcomes. It involves directing capital to enterprises that promote gender equality, supporting female entrepreneurs, or offering products or financial services that benefit women and girls. Applying a gender-lens in investment is relevant for venture capital, for impact investors, and for government procurement policies.
CEO of Women's World Banking, , delivered the international keynote address emphasising the importance of tackling the financing gap faced by women entrepreneurs, and highlighting the transformative power of gender-lens investing to change the lives of not only individuals, but households, communities and businesses as well.
鈥淲e have two vehicle finance companies that are exploring the intersection of women鈥檚 mobility and women鈥檚 empowerment,鈥 said Mary Ellen Iskenderian, 鈥淲e found that for every additional kilometre a women can travel looking for a job outside her village, she has six times more opportunities available to her.鈥
Under Iskenderian鈥檚 leadership, has been instrumental in growing businesses with innovative solutions that enable women to achieve economic empowerment. Their has reached more than 68 million聽women in emerging markets, invested nearly $106 million across 14 countries, and engaged 89 policy and regulatory institutions to advocate for inclusive change.
鈥淲e鈥檝e worked hard over many years to make sure women鈥檚 financial inclusion, women鈥檚 entrepreneurship, and women鈥檚 access to financial services stays at the centre of the G20 agenda,鈥 said Mary Ellen Iskenderian.
Panel discussions at the forum convened conversations on international best practices, future trends and challenges, and the role of Government, private sector, and academia in fostering a more inclusive and equitable entrepreneurial ecosystem for women abroad and at home.
Expert guest panellists included: Hannah Birdsey, CEO of ; Trisha Gray, Acting Director of the Gender Equality Strategic Budget and Investment Section at the ; , Co-Founder of Panorama Institute; Skye Heller, Senior Advisor at ; Kristen Phillips, Senior Manager at ; and Dr. Yi Zhao, Research Fellow at 麻豆社madou CSI.
Associate Professor Melissa Edwards, 麻豆社madou CSI, noted the growing interest in gender-lens investing in Australia.
"There's a rising recognition of the value that gender-lens investing brings, both socially and financially," said Professor Edwards. "By bringing together an intimate but powerful audience we are able to have conversations about meaningful impact with the changemakers that can make a difference.鈥澛
麻豆社madou Centre for Social Impact鈥檚 work is catalysed by an Australian Research Council Discovery Grant led by Professor Logue on building the infrastructure necessary for gender-lens investing in Australia.
Next steps, 麻豆社madou Centre for Social Impact will be working with industry leaders on building a roadmap to connect the field, and the development of educational programs to create shared understandings and measurement approaches.