Way Forward: Mainstreaming Women in Inclusive...
Transcript of Way Forward: Mainstreaming Women in Inclusive...
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2017/PPWE/SEM/011
Way Forward: Mainstreaming Women in Inclusive Business
Submitted by: Philippine Women’s Economic Network
Seminar on Women As Prime Movers of Inclusive Business
Hue, Viet Nam26 September 2017
Way Forward:
Mainstreaming Women in Inclusive Business
Ma. Aurora D. Geotina-Garcia Co-Chair, ASEAN Women Entrepreneurs Network (AWEN)
Chairperson, Philippine Women’s Economic Network (PhilWEN)
2017 APEC Seminar on Women as Prime Movers of Inclusive Business
26 September 2017
Photo credit: Oxfam America
Inclusive Business is Good Business
• Inequality undermines economic growth,
fractures society and the growing gap
between the rich and the poor has
become a roadblock to progress in all of
our economies.
• We must integrate the smaller players in
business. There is no trade-off between
an inclusive business profit and social
impact.
Business Leaders Must Care
Business leaders have a central role in creating an inclusive
business as job creators, providers of training and skills, and
investors in key physical and knowledge capital.
Investing in the bottom line and
committing to broader social
ends will mean more and better
resources for businesses to
draw on.
The Bottomline
As of 2015, only 13 out of 104 inclusive
business investments from
Asia Development Bank, Inter-
American Development Bank and
International Finance Corporation
investment portfolios explicitly
target women as beneficiaries.
Missing Women?
Source: Endeva Organization
Only 13 out of 104 inclusive business investments from
Asia Development Bank, Inter-American Development Bank and
International Finance Corporation investment portfolios explicitly
target women as beneficiaries.
Numbers Matter • Women still face many barriers to full and
productive participation in the labor market,
including discrimination, and culturally ingrained
ideas about gender roles, and their contribution is
not always equally valued.
• Women are an untapped source of talent and
productivity: when the potential of almost half the
population is not fully realized, this has
considerable implications for efficiency and
growth at the enterprise, sectoral, national, and
even international levels. Women represent half of the global
population
• Must incorporate gender sensitive
indicators into investment screening
• Must take the lead in creating and
implementing in-house programs that
will prepare, train and integrate
women at the Base of the Pyramid in
business organization’s value chains.
Business Sector
• Grant incentives for inclusive
businesses and women’s economic
empowerment.
• Work on government procurement
processes to ensure that MSMEs are
encouraged or even prioritized to
participate in public contracts. Make it
easier for them to be involved.
Public Sector
• Continue to work with the
government and business sector to
strengthen the ecosystem.
Civil Society and Advocacy Partners
It is our hope that, in time,
there would be no need to
convince anyone to adopt the
Inclusive Business Model
because inclusivity will be the
new normal.
Inclusive Business = The New Normal
No one gets left behind
Thank you!