Addressing gender-based violence and harassment (GBVH) at the intersection of climate and gender finance
As the finance field increases in maturity, more investors are deepening their approaches and enhancing the rigour of their gender analysis by integrating considerations around gender-based violence and harassment (GBVH).
This brief illustrates how gender-smart investors can integrate considerations around GBVH into their climate and gender finance strategies.
How Business Can Tackle Gender Based Violence in the World of Work
From Business Fights Poverty - GBV affects employees physical and mental health and well-being, leading to stress, anxiety, loss of self-esteem and motivation. Often women are forced to leave their jobs. It contributes to the gender pay gap and seriously affects women’s opportunities for advancement and career progression. Women usually bear the brunt of GBV, although others are at risk, including men and members of the LGBTQI community.
The costs of GBV are high, with estimates totalling $1.5 trillion, the equivalent of 2% of global GDP. The #MeToo movement has shown there is an unprecedented demand for change, including from employees and some business leaders across the world. Companies are beginning to innovate to tackle GBV. More firms must now follow.
Yet, many companies remain unclear on how to address the problem. That’s why we agreed to partner to better understand how businesses can most effectively address GBV. The Toolkit includes a 5-step framework to help companies comprehensively tackle violence and harassment at work: 1. PREVENT violence and harassment by identifying potential risks; 2. COMMIT to gender equality and diversity across the workplace; 3. PROTECT employees with supportive policies and procedures; 4. COLLABORATE AND CAMPAIGN beyond the immediate workplace; 5. BE ACCOUNTABLE and monitor action.
Mitigating Risks of Gender-Based Violence
From Criterion Institute & UNICEF - The purpose of this tool is to equip investors to understand the risk their investments are exposed to as a result of gender-based violence. This tool enables investors to determine how their existing due diligence process can be used to determine a potential investment’s exposure to the political, regulatory, operational, and reputational risks of gender-based violence. This tool is one component of a broader global effort to ensure the right to live free of violence.
A Roadmap for Private Investors: Investing to Address Gender-Based Violence
From Criterion Institute and Tiedemann Advisors. Tiedemann Advisors and Criterion Institute have developed a detailed guide on how investors can start moving capital in alignment with ending gender-based violence. Their hope is to bring greater awareness to the issue of gender-based violence; inviting more people within the financial services community into that fold to help accomplish systemic change.
Toolkit: COVID-19 & Gender-based Violence
From Xoco Unlimited. This toolkit presents the impact of the pandemic on women by evaluating the relationship of employment, healthcare, and digital literacy to gender-based violence (GBV).
Wall Street Is Adding a New ‘Weinstein Clause’ Before Making Deals
From Bloomberg. Advisers are adding guarantees to certain merger agreements in light of the sexual misconduct scandals that have enveloped the producer Harvey Weinstein and other high-profile businessmen -- ones that legally vouch for the behavior of a company’s leadership.
The development is a concrete example of how business is trying to adapt to the #MeToo era, at least in terms of legal liability. The move is particularly noteworthy given its source: the male-dominated world of M&A advisory where the terms of an offer can make or break a bid.
Gender and Environment Resource Center
From the International Union for Conservation of Nature (IUCN). Gender equality and equity are matters of fundamental human rights and social justice - and prerequisite for fully realizing environmental goals. This Resource Center supports the goals and delivery of numerous projects focused on advancing gender equality and women’s empowerment throughout natural resource management activities. Housing knowledge platforms and information hubs for specific gender and environment partnerships led by IUCN, this site is possible thanks to the generous support of USAID, SIDA and other partners.
Political Risk: Investment Approaches Roadmap
From Criterion Institute. There is a documented correlation between levels of violence against women and state instability. In fact, the level of violence against women in a given country is said to be a better predictor of peace, compliance with treaty obligations, and relations with neighboring countries than indicators measuring levels of wealth or democracy. Yet the methodologies currently used to measure political risk—which guide investors, corporations, insurers, and governments in assessing conditions that may impact the profitability of investments in a particular country—do not include indicators measuring violence against women. This is despite the fact that these same methodologies account for riots, terrorism, civil war, and other types of violence.
Addressing Gender-Based Violence and Harassment: Emerging Good Practice for the Private Sector
From the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), and CDC Group. This note outlines emerging practices in addressing gender-based violence and harassment (GBVH) in operations and investments. These practices are drawn from recent experience in the private sector, as well as a larger body of work from the non-profit sector. The guidance provides an opportunity to engage with stakeholders to refine practices as those in the private sector collectively gain implementation experience.
In addition to this note, sector-specific briefs provide targeted guidance on addressing GBVH risks in key sectors, including transport, construction and manufacturing.
Addressing Gender-Based Violence in Kenya Through Targeted Investments
From Criterion Institute. Impact investors who want to promote women’s economic empowerment must address gender-based violence as part of their strategies, given how high rates of violence are in Kenya. Impact investors have the power to address both violence and broader economic empowerment by incorporating a gender-based violence lens in screening, structuring, and analyzing investments. The coordination of their efforts will enable finance to reduce gender-based violence in Kenya.
Incorporating a Gender-Based Violence Lens in Development Finance Institutions and Multilateral Development Banks' Infrastructure Investments
From Criterion Institute. Gender-based violence is material to infrastructure investments. Infrastructure projects designed without a gender lens can lead to unintended consequences, including higher rates of violence; at the same time, well-designed projects can decrease violence and help countries meet development objectives. Institutions can design their investment processes to incorporate a gender-based violence analysis and get to better outcomes.
Financing the Reduction of Gender-Based Violence Through a Private Investors' Lens
From Criterion Institute. Private investors have the power and flexibility to move capital to address gender-based violence and/or flow resources towards survivors to shift how financial systems support the reduction of gender-based violence. This Roadmap from Criterion Institute invites private investors to imagine how to shift power dynamics within financial systems to finance the reduce the reduction of gender-based violence.
Common Standard on GBV for Public Companies
From Criterion Institute. This Roadmap outlines creating standards and an investment framework that enables public investors to screen companies for potential operational upside and reputational risk related to gender-based violence.
10 Points Why Gender is Material to Investments in the Recovery
From Criterion Institute. Criterion Institute, in partnership with leading gender lens investors, has identified 10 evidence-based economic patterns and translated them into investment opportunity and risk. Understanding these patterns is critical for investors of all kinds to understand short- and long-term risks, uncover hidden opportunities, and invest to capitalise on both. Understanding these will enable government and impact investors focused on recovery to invest better for the outcomes they seek.
Mitigating the Risks of Gender-Based Violence: A Due Diligence Guide for Investing
From UNICEF and Criterion Institute. The purpose of this tool is to equip investors to understand the risk their investments are exposed to as a result of gender-based violence. This tool enables investors to determine how their existing due diligence process can be used to determine a potential investment’s exposure to the political, regulatory, operational, and reputational risks of gender-based violence. This tool is one component of a broader global effort to ensure the right to live free of violence.
The Material Risks of Gender-Based Violence in Emergency Settings
From UNICEF and Criterion Institute. Finance is one of the most powerful systems on earth. This opportunity brief from UNICEF and Criterion Institute explores how gender-based violence (GBV) in emergencies can be understood as material to investment decision-making. Through a series of research literature reviews and expert interviews, UNICEF and Criterion Institute identify when the costs of government inaction on GBV prove most relevant to market stability and the potential for financial return. The research focuses on four investment vehicles and approaches relevant to post-disaster financing: sovereign debt, blended finance, climate finance, and project finance investments. What’s more, it examines potential leverage points before, during, and after emergencies where the structuring or movement of capital could improve investment decision-making and reduce GBV vulnerability.