New Framework to Ensure Climate Financing Supports Gender Equality

Published on:
by KnowESG
Mature-female-professional-standing-with-arms-crossed-in-front-of-plants

The Women in Finance Climate Action Group is a group that aims to support women in the financial industry in their efforts to address the issue of climate change. They made a framework to help financial institutions help women with the transition to a net-zero economy and reduce the negative effects of climate change on women.

The framework has a list of rules and best practices that financial institutions should follow to help women switch to a low-carbon economy and ensure that climate change doesn't hurt them too much.

The Action Framework is a document created in collaboration with the Oliver Wyman Forum and 2X Global.

The Group comprises women leaders from various sectors, including business, the public sector, and civil society, and includes members from organisations such as WWF-UK and the Bank of England.

Featured Article: (The Importance of Gender Equality in the Workplace and its Effect on your Business)

Amanda Blanc, Aviva’s Group CEO, said: “Private capital is key to mobilising the trillions of dollars required over the next three decades to limit warming to 1.5 degrees. And yet the global private finance sector does not currently have the tools or incentives in place to evaluate and improve the impact of climate finance on gender equality. We need more data to measure the impact of specific climate investments or project financing on women and girls. We hope that this Framework will provide financial institutions with the tools they need to begin measuring and delivering greater gender equality when pursuing net zero action."

Rupal Kantaria, Partner, Oliver Wyman Forum, added:

“This first-of-its-kind Action Framework for investors embeds gender considerations into climate investment decisions. Both are critical for financing a faster and more just climate transition.”

For more social and governance news

Source: Aviva

Share:
esg
esg
esg
esg

Social Governance Headlines

IE&D Not to Disappear Soon, But Concerns Persist: Littler Survey

IE&D Not to Disappear Soon, But Concerns Persist: Littler Survey

UK's Revenue from Green Taxes Falls, Says ONS

UK's Revenue from Green Taxes Falls, Says ONS

New Poll: 77% of Europeans Want Domestic Green Energy Investments

Philippine SEC Unveils Bold Governance Reforms to Attract Global Investors

UK Govt. to Bring Solar Panels to all Homes by 2027

Essendi Emerges: AccorInvest Rebrands to Champion Sustainable Hospitality

Iberian Blackout Exposes Gaps in Management, Not in Renewables

95 Clean Energy Projects, 62,000 Jobs at Risk Under Trump

195,000 ZEVs on B.C. Roads: 2024 Zero-Emission Vehicle Report

Understanding OSHA: Ensuring workplace safety through structured measures