While some feminist thought leaders such as Chief Executive of Women’s World Banking of Ghana, Charlotte Baidoo, are calling on microfinance institutions to do more when it comes to lending to women, Root Capital is beginning a new partnership with the Australian Government to do just that.
Root Capital will partner with the Australian Government’s program, Investing in Women, to deploy $2 million AUD (approximately $1.49 million U.S. dollars) in a ten-year program to support women business owners in South East Asia. As a partner of Investing in Women, Root Capital plans to bring in private sector co-investments for women’s small and medium-sized agricultural businesses in Indonesia, the Philippines, and Vietnam.
While there has been a recent rise in the number of women running for offices across the United States, the journey towards gender equality in politics is not moving fast enough. Statistics shown in a recent paper written by Saskia Brechenmacher, an associate fellow in Carnegie’s Democracy and Rule of Law Program, prove that gender equality in politics is still far from reach, yet many European countries have come significantly closer to this goal. Brechenmacher’s paper provides research about the efforts of such countries and identified moves the United States can make to reach gender equality sooner.
It’s not always pretty how the sausage, salad and salmon get made. Low-pay and difficult working conditions are commonplace in the restaurant industry. Many workers are part-timers, and few have benefits. Moreover, workers’ tips are sometimes stolen by management, and wages can go unpaid. These problems are particularly acute for immigrants, who are over-represented in the restaurant industry, and often have little recourse. Women, who comprise over half of industry workers, must further contend with sexual harassment, which is rampant in food-service businesses.
One of our goals at Philanthropy Women is to explore different ways to invest in reducing the gender gap and building a better economy — ways that operate in both philanthropy and in regular business markets. Alongside gender lens grantmaking, progressive women donors also have another important way they can deploy their capital for gender justice: gender lens investing.
One new investment instrument that recently came to our attention is BRAVA Investments, headed by CEO Nathalie Molina Niño, with partners Trevor Neilson and J. Todd Morley. BRAVA is not primarily focused on supporting women owned start-ups or getting more women into the c-suite of corporations (though this is something they look at), but on investing in industries that economically benefit employees or consumers that are disproportionately women.
We know that childcare needs to be valued and supported for society to thrive. Yet, time and again, we leave parents, particularly low-income and young parents, out of the picture for access to childcare.
Today, a new study released by the Ms. Foundation for Women validated that state and local officials need to take the reigns and steer their community toward economic growth by funding access to childcare.
“Our approach has not only helped the local organizations achieve policy gains, but also provided necessary resources to develop intersectional leadership in grassroots organizations,” said Aleyamma Mathew, Director of Economic Justice at the Ms. Foundation for Women. “To achieve economic security in the Trump era, we have to win on the state and local level,” she added.
Sustainable Harvest International Founder and President Florence Reed did not encounter many other women leaders in philanthropy when she started the organization in 1997. “I was flying by the seat of my pants. I literally went to a library and checked out a book on how to start a non-profit, and went through it chapter by chapter,” she recalled in a recent interview with Philanthropy Women. Who knew then how successful her initiative would be: Sustainable Harvest International (SHI) was recently named by Charity Navigator as one of the “six highest-ranking charities in the sector making major strides to increase sustainable food production.”
You work in a nonprofit that supports strengthening diversity and being conscious of race and gender bias, and yet you feel discriminated against year after year, as you are bypassed for promotions and other career advancement opportunities. It’s a familiar story for many LGBTQ people of color, and now a new report has come out that fills a big research gap — the lack of data on leadership of LGBTQ people of color in the nonprofit industry.
In another unexpected “first” for our nation, Donald Trump decided to have his daughter, Ivanka sit in for him at the G20 leaders’ summit in Hamburg, Germany. But another, perhaps more important first also took place at this meeting: The World Bank Group announced the creation of an innovative new facility that plans to invest more than $1 billion to advance women’s entrepreneurship. This new facility will give women in developing countries a leg up when it comes to increasing their access to capital and markets that will help them start and grow businesses.
Accenture, a professional services corporation which has studied and made public its own employee demographics, plans to reach 40% female employment by 2020. In addition, the corporation recently announced a new goal for total gender parity in its workforce by 2025.
But is it possible? Studies that peg the gender ratios for corporate boards predict the year that gender parity will be realized on corporate boards is 2055. Other studies suggest it will take another 40 years to close the gender pay gap in academia. But the company has a strong ethic of transparency that they believe helps them advance community objectives, and might possibly put them in a position to lead the charge on gender equity in business. “When you publish a goal, it holds you accountable to a higher level,” says Ellen Shook, chief leadership and human resources officer at Accenture, in this article from Fortune.
An article from Barista Magazine brings good news for women and coffee aficionados worldwide: the launching of a new program aimed at improving coffee quality and productivity for female farmers in Colombia. The new program is a partnership of Strauss Coffee, Sustainable Harvest and the Relationship Coffee Institute. From the article: