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Women entrepreneurs are solution multipliers in building an inclusive and sustainable future
Recognizing the intersecting relationship between climate change and gender inequality, on March 18 the Women’s Entrepreneurship Accelerator (WEA) brought together senior representatives of its founding partners to discuss the key role of women entrepreneurship in leading the way on climate change adaptation, mitigation, and response , and how women entrepreneurs contribute as change-makers in creating a more sustainable and inclusive society for all.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220331005276/en/
WEA Event at CSW66 “Investing in Women Entrepreneurs to Tackle Climate Change” (Photo: Mary Kay Inc.)
The CSW event highlighted the critical importance of women entrepreneurship as a key driver in tackling climate change, the need to address structural and cultural barriers to women’s economic opportunity, and how to support women entrepreneurs as solutionaries to scale up and invest in innovative ideas. It also featured ways to accelerate women’s economic opportunity through gender-responsive procurement and called for more commitment makers to jumpstart change for women around the world by joining the Accelerator.
Women entrepreneurs have historically faced many obstacles including a lack of access to capital, fewer entrepreneurship networks compared with men, and policies that discourage female labor market participation.1 These barriers are compounded by unequal laws. A 2022 World Bank study found that nearly 2.4 billion women of working age still do not enjoy the same economic rights as men. Of the 190 economies examined in the study, 178 maintain legal barriers that prevent women’s full economic participation, while women continue to face some form of job restriction in 86 countries. In 95 countries, women are not guaranteed equal pay for equal work and 76 countries have laws which limit women’s rights to land ownership, a vital resource for poverty reduction.2
To address these structural and cultural barriers which women entrepreneurs face, the Women’s Entrepreneurship Accelerator was launched during the UN General Assembly in 2019 in partnership with 6 UN agencies with the goal to create an enabling ecosystem for women entrepreneurs while maximizing their sustainable development impact.
Specific to the topic of the event, data reveals that women entrepreneurs are able to look at …
Full story available on Benzinga.com
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