政府主导的B2B平台以提供交易渠道与提高监管效率为主要目的。政府主导 B2B电商采购平台建立后，为药品采购的买方与卖方提供交易渠道。政府建立该平 台的目的更多在于行使监管权利，盈利最大化并非首要目的。.
2021-06-16
27页
5星级
2.4. 国内正畸行业需求扩张明显，医资力量缺口较大颜值经济催生口腔正畸行业需求扩张。正畸是牙科下对错颌畸形进行诊断、预防及矫正的专科，主要针对由牙列拥挤、空隙牙列和前突的患者，可通过持续多牙齿朝特定.
2021-06-08
18页
5星级
我们对中国的健康产业与健康险市场形成良性互动与循环怀有长期的信心。就目前而言，”数字化医+药+险“闭环在一些专科领域或特定消费群体中正在形成的过程中，但总体上还远没到可以真正实现”全产业大闭环“的阶段.
2021-06-04
21页
5星级
GENDERUnlockingGenderSmart CapitalSMARTAt ScaleGender8ClimateInvestment:A strategy for unlockinga sustainable future#page#Contents0107ForewordPart3420208ConclusionAcknowledgements540903Glossary55Executive Summary0410Introduction56Appendix0511Part1Endnotes741406This papPart2.208T202.#page#ForewordClimate changeis a disasterin slow motion. Even asTherole ofinvestmentin climate changemitigation.the world grapples with the societal and economicadaptation. building environmental and socioeconomicaftershocks of the COVID-19 pandemic. climate changeresilience and in developing frameworks for anequitable future has continued to develop over the pastcontinues tooutpaceglobalattempts to slowits progressCOVID-19 has provided us with asobering object lessondecades，butitis notyet gender-smart: it has tended toin our co-dependence with nature，the interdependenceunderestimate theimportance ofgenderin building longof human and planetary health but it has also highightedterm climate solutions. The mission of GenderSmart is todrive the deployment of gender-smart capital at scale andthedifferential impact of the pandemic on womenat pace，andembed gender analysisinto theinvestmentIn 2018.the former lrish president and UN rightsprocess for better business, social environmental andcommissioner Mary Robinson said that climate change isinvestment outcomes.Gender-smart investmentis nota manmade problem with a feminist solution. Today. wejustabout empowering women at surface level norknow that some of the most effective levers with which toisit anotherscreen toaddtoalist Ratheritisawaycombatits threat aregender-related.That means creatingan enabling and diverse environment that recognisesat theinvestment tableasan investorto bring aboutthe differential impacts of climate change on womersystems-level changeandothersthat womensoverlapping identities andexperiences produce differentimpacts and perspectivesand that women have agency to mobilise climatesolutions and foster a just transition#page#We know that this isanascent field.By their owncommunities they serve.The goal is to help investorsassessment，over half the membersof ourWorkingexpand and reframe their thinking to connect gender andGroup (see box) are in the early stages of their genderclimate in investment decisions.and to share some oftheand climateinvesting journey.This reportisaresourcetools available to aid in this workfor any investor who wants to join us on this journey. WeWe hope this report will inspire more investors to enteraim to support growth of the field by raising awarenessthe field,revisit portfolios,and consider moredeeplyofan integrated gender and climate lens.building thehow to link climate and gender through their investmentcase for mainstreaming gender-smart climate financeprocesses. We also hope that this report will supportand showcasing the versatilityimpact or promise of thisinvestors who are already on this journey: to bolster theapproach through examples of direct deals and projectsbusiness case with compeling narrativesdatasets，andthat mergegenderandclimateobjectivesways to spread the wordThese examples illustrate the heterogeneity of gender-As govemments，institutions and companies talk aboutsmart climate projects:someshowwomen entrepreneursa post-pandemic green recovery-building back betterbringing fresh perspectives to climate solutions.others-gender-smart investing has never been more centre-describe companies or funds led by men but strategicallystage，nor more criticalsupporting womens economic empowerment，wellbeing and gender equality in the jobs created or theSuzanne BiegelSophie LambinFounder 8 CEOCo-Founder S CEO,KiteInsightsGenderSmart Investing SummitCatalystat Largepotential of applying agender lens to climate finance and vice versa.We believe integrating these two investmentJoyases aum buloddns snu suinal pue sedul uog Kydue pue dn alous o lanal quelodul ue s! sepuabetheir widespread adoption in the financial mainstream and driving positive outcomes for women and the worlddevelop acohesive narrative and lay the groundwork for the field to growaibus ou neu uoltuboal u slaauold quaunsonu aeu pue Japuab O8 Ao Jo dno bulOMau paean aMorganisation institution orreport can do itall and to tap the collective wisdom and experience of a wide range ofinvestors from family offices and foundations. to development finance institutions (DFIs) multilateral developmentbanks MDBsand banks.and many moreacross publicandprivate markets.in this lightwearealsoworkingin collaboration with the 2X Gender 8 Cuimate Finance Taskforcea group of development finance institutionspowered by CDC Group DEG,EIB and EBRD thataimto leverage the powerofgendersmartinvestments forcliimate actiion and contribute to crucial fiield-buildinng in this space#page#AcknowledgmentsThe authors.Suzanne Biegel8 Sophie Lambin wouldalphamundilike to thank the GenderSmart Gender8 CimateWorking Groupespecially the Working Groups SteeringCommittee, for their insights. case study contributionsand support. This report was edited by Ela StopfordSackville，Grace Chua and Yasmin Paul Kite InsightsTHEWe also thank the following for giving their valuableHOUSSIANtime，inputs，discussionsand feedback:Chintal Barot.FOUNDATIONCoSustain Consulting: Lauren Burnhill Emerald PeakPrivate Equity:Claire LaBrunerie,BrightPath Advisors LLCand Deborah Christie，Cambridge AssociatesThis work was made possible by the generous supportWALLACEof our funders: The Wallace Global Fund The ComptonGLOBALFUNDFoundation，AlphaMundiThe Houssian Foundation.Melissa and Stephen Murdoch.the UKGovernmentFCDO LCEP 8 Swiss Development Corporation.And. ourcontent partner for the Working GroupKite InsightsWe are delighted to be working in collaboration with the2X Gender and Climate Finance Taskforce both for thisMelissareport and our ongoing activitiesandStephenMurdochcomptonGENDERSMARTIn collaboration withCLIMATE FINANCE2KiteUKGovernmentinsights.Content partner#page#Executive SummaryCimate changeisset to causeunimaginableecologicalreduces the ability to perform predictive modelling insocietal and economic disruption if its progress is notgender-lens investment.The two investment areas havetended tooperate，as aresult.in silosbut integration ofslowed And these impacts will disproportionatelythe two can unlock huge untapped opportunitiesaffect women.low-income，and other disadvantagedgroups.Bythesametoken genderequalityandwomensleadership can jump-start climate action and climateAASmartsolutions.to build environmentalsustainabilityand resilienceWith government pledgesWhile sustainable investing is no longeranew kid onfollowing the Paris Agreementthe block.investment strategiesthat takeanintegratedthere is an estimatedgender and climate lens to investment decisions are stitrelatively new.Investmentinclimate actionexceededS23 trillion of climateS500 biuion in both 2017 and 2018.while in 2020investment opportunity ingreen bonds and green debt instruments crossed theemerging markets aloneandcumulative S1 trillion mark.The field was helped by short-term impacts synching well with funding cycles and beingthe importance of gender ineasier to measure than the typically longer-term impactsmaximising returns and impactof gender-positive investingis gaining groundGender lens investing asa phrase is only just overadecade old.The resultiing lack of longitudinal data#page#There are five foundational reasons for gender and climate investing:Mitigate riskofaccessing new markets new lines of business3new customers. and attracting and retaining talentwhich all contribute rich sources of growth to acompany in every sector and geographyportfolio.amounting toas muchas10% ofglobalfinanciatcapital by 2100. No responsible investment canFind new investment opportunitiesAignore this risk.Likewise，exposure to gender-Bringingagenderlens toclimate portfolios.andbasedviolence andharassment poses reputationaland social risks for companies and projectsa climate-lens to gender portfolios may unlocknew investment opportunities in public and privateRe-envision and fulfilfiduciary duty and meetmarkets.Womenareinnovatorsandentrepreneurs8ecreating disruptive solutions to the climate crisisinvestors expectationsThe early dichotomy between returns-focusedAmplify societal impactinvesting and impact investing is no longeraGender equality inumber 5 on the list of UNreality.CapitalhastobeputtousesthatdeliverSustainable Development Goals and climatefinancialand societal returns. Regulators.action（SDG 13），when leveraged togetherstakeholders，suppliers.employees and customerscan impact nearly all the other SDGs such asexpect nothing less.eliminating hunger (SDG 2) and ensuring healthandwell-being (SDG3.GenderandclimateareDrive long-term valuelike keys that can unlock opportunitiesacrossTo maximise and protect value as wellas bettersocietal goalsoutcomes，investing actors need to apply anintegrated gender and climate lens so that gainsare future-proofed.By applying a gender andclimate lens to investment decisions，new sourcesof value can be uncovered and unlocked-in termsstrategy forunlockinga#page#To showcase how gender and climate investing can apply.we provide three deep-dive sectoral analyses-in energyFinally we offer someagriculture and infrastructure.Each sector providesboth differentiated opportunities andrisks,but thereframeworks and approachesare alsomany commonalities.Sustainable investmentsfor those investors interested inbringing a gender and climatennovation andinvention capacity.employment，trainingand extant skills to improve governancereduce riskanclens to their portfolios. Whilespur innovation and growth.A number of examples arerecognising different investorsincluded both to showtheinvestors perspective and theway that investee companies are innovating for goodpriorities and preferences weIn energy.the clearest opportunities lie in expandingshare a number of differentenewable energyaccess thatresponds to thegendertools that can be used to bringdifferentiated needs of womentheir householdsa gender and climate lens tobusinesses，and communities:buta gender lens maybeapplied to large-scale climate mitigation projectsbear on strategies.such as wind farms as well.increasing opportunities forwomens employment and innovationIn agriculture a gender lens typically centres onInvestors can develop and strengthen their use ofaddressing the needs and challenges of women asgenderand climate lenses with the following three-agricultural producers and suppliers. Buta gendersteprepeatable processand climate lens can be applied to investments inagricultural and food technology processing in foodDefine a strategy with gender and climate-relatedfashion and other supply chains and ways to improvetargets and milestonesnutrition，increaseaccess to climate risk insuranceAppyagenderandcimate lens across theand climate-resiient practices and decrease food andinvestment processmaterialwasteCollect data to track impact and feed back into thestrategyandprocessprojects are often overlooked.Closing gender gap:There is a growing body of investors from across thein infrastructure labour and skills isa lever to driveaspectrum now able to share knowledge and experiencegreen transition and applying a gender lens to projectto help those at the start of this journey.The rewards anddesign better serves womens needs，improves uptakeand climate outcomes.returns - both financial and societal- are enormous#page#Introduction: Why is this combined lensboth important and urgent？Mitigation: means reduction in emissionsThe need for gender-smart climateinvestingCof greenhouse gases IGHGS） into theatmosphere or absorption of GHGS fromthe world trillions of dollars and hundreds of millionsthe atmosphere.oflives.lf temperature rises make it too hot for physicallabourproductivity losses alone could be up to S4 trillionAdaptation seeks to adjust naturalto S6 trillion by 2050.2Other GDP losses will stem fromand human environments to the likelylost agricultural yields,lower capital productivitywaterdisruption and damage that will result fromstressandextremeweatherevents.Theworldslargestthe effects of climate change and focusescompanies and economies take these risks seriouslyion measures which increase the resiliencemany have committed to shrinking greenhouse gasof vulnerable sectors， such as agricultureemissions to net-zero by 2050.water supply and infrastructure.While climate change poses massive financial risks.Resilience is the capacity of social.financial systems equaly offer a powerful way to tackleeconomic and environmental systemsclimate change and its impacts.After the Rio Earthto effectively respond to climate relatedSummit in 1992，the United Nations and World Bank setdisruption or disaster in ways that maintainup the Global Environment Facility to fund and managetheir essential function identity andprojects addressing climate change，biodiversity lossstructure，achieved through ensuringand other problems. Change requires the participationsystems are equipped to thrive,and tcof private sector actors as well as development financeadapt， learn and transform as needed.and the Principles for Responsible Investment in 2006Climate resilience investments improve theexplicitly addressed and guided a spectrum of investorsability of assets and systems to persist oron sustainable investmentadaptin atimely. effcientand fair mannerthat reduces riskavoids maladaptationThe UNand its climate funding mechanisms alsounlocks development and creates inclusivespecifically recognise the need to finance different typesbenefits against the increasing prevalenceof solutions to theclimate crisis: mitigation of GHGand severity of climate-related stresses andemissions: helping communities and economies adapt toshocks.or bounce back from climate impacts: and ensuring thatworkers and communities share widely in the benefits ofAIeajust green transition.substantial benefits of a green economytransition are shared widely while alsosupporting those who stand to loseeconomically - be they countries. regionsindustries，communities， workers orconsumers.Credit Miro ForestryGende#page#Meanwhile there is growing awareness of the genderedthe Equality Fundz have been instrumentalin raisingmpacts ofclimate change.Water scarcity can increaseawareness of these intersections and cross-connectionsthe burden on girls and women who collect water.Tofulfil this potentialweneed an enabling environmentchange pastoralistmovementpatterns，orpushfamiliestofor womens agency and climate leadership to flourishsplit andseek work.9Theremay be knock-on effects forGender-smart investment creates that environmentenabling economies and societies to realise the multiplierGender also interacts with race， class. culture or ethnicitybenefitsofwomens leadershipand capabilities，to produce different layers of impacts.12In 2020.the health economic and societal impacts ofthecoronavirus crisis deepenedexistinginequalitieswomens expertise, leadership purchasing power andin gender socioeconomic statusand race.To catalyselived experience help unlock gender-smart and climatechange effectively.climate change solutions need tsmart opportunities to strengthen climate innovation andue buieKg sanlienbaul asau equo pue asiu6oalprogress and deliverstronger climateand environmentalintersectional lens to the challenges we faceoutcomes. More broadly.there is growing recognitionof the unfulfilled potential of gender equality to supportmore prosperous.justandstable societies.Womensmovementsandinvestment/grant-making actors likeHarnessing Racialand Gender Justice ToAmplifyto a broader range of stakeholders and investors. Byensuring investments reach the places where they areAction On Climate Changesalunwuo Kieyeuag buddinba pue papaau asouWhile we focus on gender and climate investment inthis report we also note that racial injustice and climatecan also generainjustice both rest on the same power imbalance thatfor the longer termfreeing up resources to be directedunderpins institutional racism and climate changeelsewhere when initiatives become self-sufficient.Theand that racial injustice is as deeply linked to climatemessage thatneeds to be driven home is thatreachingas is gender inequality. The intersection of structuralunderserved communities and increasing access toinequalities highlights focus areas for investments andclimate-friendly financial products is one ofthe keys tointerventions that can create lasting change.Bringing asolving climate changeracial equity lens to gender and climate investment is aninvestment ecosystem of innovative solutions，companies“We cant create gender justiceand funds led by women of colourwithout climate justice and we cantTaking an intersectionaljustice lens does not mean5Byul sannelu! sual apua6 uol Aeme aoueuy buanpdo this without investments that upliftits a crucial lever to move more money towards them.Wea transition to a low-carbon societyview building a new gender and cimate investment fieldwhile tearing down the barriers thatbuilt into investment strategy from the get-godrive inequality whether based onEmpowering those who face multip#page#Key definitions:why apply a combined gender and climatelens to finance and investing？We needafinancial system that recognises and valuesGender-smartinvesting integrates gendereffectively.The goodnews is thatthe word isareadyfactors such as womens leadershipemployment ormoving in this direction: a new financial system is alreadysisKeue pue Kbaens quaunsaul oul uondunsuounder construction building knowledge accelerating thein order to increase returns and impact and movetransition toa low-carbon economy and strengtheningtowards a more equitable world for all. It can helpbest practice.Sustainable investment is no longera fringeinvestors spot market opportunities or risks whereactivity-itismainstreamothers might miss them while simultaneouslyThere are five main reasons to integrate gender andaddressing gender equality in various ways.It isclimate investment approaches:relevant in public and private markets and across alasset classes，themes，and geographiesClimate-smart investing involves directing public1.Mitigateriskprivate or development sector finance into activitiesor organisations which directly support climatechange mitigation or adaptation alongside financialeconomy:its different impacts can interact with onereturns.anotheramplifying shocks and stresses on naturaresources and markets and posinga mortal threatto the stability of financialsystems.Cuimate risksIntersectionality is the idea that socialcannot bediversifed away:they affectall businessescategorisations such as race class，and genderwhether directly or via customers suppliers and otherare interconnected and can create overlappingstakeholders.Gender-smart and cumate-smart investingbiases. inequalities and systems of discriminationprovide ways to mitigate this risk. For example expertsor disadvantage that are more than the sum of theirestimate that trillions of dollars or up to 10% of globalpartsfinancialassets could be at risk from climate changeby 2100.1 At the same time，we can see that funds andcompanies with better ESG performance and lowerexposure to carbon risk have performed better in recentyears.even during the 2020 globalrecessionslgnoring gender can create a market risk. an operatingrisk.or een areputational risk:companies or funds mayfailiftheybrush asidethegenderedneedsofemployeessuppliers. customers. and other stakeholders. Women arepopulation. Discounting their needs is to buid in failureignore the needs and norms of women （safetyfreedomfrom harassment, design for end-users.may failto recruitwomenemployeesorberejected by women customersand users.17 Given the long timeframes of infrastructureestimated S97 trillion in global infrastructure is needed by2040tosupportsustainabledevelopmentanditis critcalthat this investmentis gender-responsive.1ende#page#602.Re-envision and fulfil fiduciary duty and meet4.Find new investment opportunitiesGender-balanced leadershipand decision-making ininvestors expectationsclimate-related investment processes may unlock newTraditionally.investors have been characterised oninvestment opportunities in public and private marketsa spectrum from returns-first to impact first.butGender-balancedfundmanagementteamsmay havethe reality is richer and more diverse.Investors exisbetteraccesstodeal-flowandinsight.Women innovatorsacross the spectrum of financial and impact prioritiesand entrepreneurs are creating disruptive solutions.Different stakeholders have a variety of motivations andapproaches due to different priorities， mandates andunlock products and services that are more responsiveexpectations around the deployment of theircapitato market needs.Women in distribution channelsInvestments made with a climate and gender lens maymarketing or sales may be the key to a competitive edgespeu ale KauHAipeal aunb Ainp Kueonpy luiny Kpealeby a private foundation whose mission is related toof household buying decisions worldwidez and oftenwomens empowerment orclimate，for exampleconstitute key market segments that deliver green growthFurthermore,over the last few years.impactandimpact.considerations have slowly but surely becomemainstream even for institutional investors such asinsurance companies and pension funds.In 2015，theFinancial Stability Board created the Task Force on5.Amplify societalimpactClimate-Related Disclosures to improve reporting ofclimate-related financial information and help investorsFinaly. integrating gender-smart and climate-smartlendersand insurersaccurately assessacompanysinvesting is alever toamplify the societal impacts ofexposure to climate risks. And in many regulatory andboth.Arguaby both genderequality number 5 on thelist of 17 UN Sustainable Development Goals) and climatepartof fiduciary duty.2Genderandclimate need tobeaction （SDG 13） cut across many of the others, such asseen as drivers ofvalue lor risk mitigation that investorstackling hunger (SDG 2) and ensuring good health andmust incorporate into decision-makingwel-being (SDG3）.There is thereforeacase to bemadethatall development finance，andindeedall financewith the SDGs asan objective，should begin to apply anCintegrated gender and climate lens if we want to achievethe Sustainable DevelopmentGoalsbytheirtargetdate3.Drive long-term valueAs climate and socialimpact enter mainstream thinking.progress along a whole range of SDGsregulation and policy.those who fail to adapt risk fallingbehind.Thetime is ripe to apply an integrated genderof gender and climate in investment: some approachesand climate lens on all opportunities to gain competitivecombine climate and gender: some add a gender lensadvantagein talent，innovation，markets，productsandto existing climate investment: others may chooseservices. value chainsand governance.We can trackto add a climate lens to a gender-smart approachhow gender-sen#page#of their investee companiesApplying a gender lens to climate financeHow can we leverage businesses with strong genderequality components to tackle climate change andbuild resilience and adaptive capacity？impact women？ How do the companys products and services impactGender and climate togetherthe lives of women and girs?Are there opportunities being missed by leavingWhere are women involved in the companyswomen stakeholders out of climate-relatedsupply chain？investment processes?Are we missing out on potentialgrowth orimpactWhich opportuniues tackegenderspecfcimpactsofAuubasaeuKayebuloubqKunaoddoclimate change？Are there gender-specific talent opportunities inApplying a climate lens to gender financeclimate-related roles？Are there gender-specific opportunities to improveclimate and environmental sustainability （in terms ofclimate and business performance？contributing to mitigation adaptation resilience or thejust transition）？How do we improve womens voice and agency indecisionsabout thejust transition？Does the companys strategy actively contribute toajust transition？futur#page#How to read this reportThroughout this reportwe usea variety ofcase-studies of both investors and investee companies to illustrate the greatwork that is already under way.We use the following icon system to indicate which gender and climate ambitions thesecase-studies haveGenderambitions, based on2X Challenge criteriaClimateambitions:EmploymentMitigationLeadershipAdaptationEntrepreneurshipResilienceConsumptionJusttransitionInvesting in financialintermediariesWiththisreportweaimtosupportinvestors in theirresources for applying a climate and gender lens in threegender and climate journey.including investors who maysectors where doing so is well-established or on the risebe approaching the integration of gender and climateenergyagriculture，andinfrastructure.Part2aimstofrom aclimate finance basis oragender lens basisanchelp investors build the investment case for climate andwho may have varying levels of experience with eachgenderand the business case for investee companiesto incorporate a climate and gender lens into theiPart 1 provides a brief history of climate and gendebusinessmodelsinvesting，outlines thesize of theopportunityandFinaly in Part3 we suggest ways to putitalltogethersexamines the current state of data and narrative aroundthe two lenses.outlining available processes and tools to help overcomecurrent data hurdles，frameworks and resources forIn Part2.we demonstrate how climate and gender areapplyingagender and climate lens，andcase studiesmateriaal throughout the value chain across all sectors#page#Part 1:Foundations: how can gender and climateinvesting be defined and best understood？“Paying attention to genderState of the ecosystemis notjust about having aJust a few years agointegrating gender and climateinfunding orinvestment strategies was unheard-of.social conscience nor is itOverseas development aid for climate change rarelyabout adding to our list ofconsidered gender as an objective.2A gender lenswas appliedto small-scale adaptation projects but notenvironmental social andlarger mitigation ones:at first glance,it seems easiertagovernance investmentaddress equality in making cocoa farming sustainablescreens. Instead genderthanin financingawind farm.And large asset managersSustainable investment products might have gender orcapitalism is about applyingclimate strategiesguiding theirportfolios，butrarelyaagender lens to highlight thefocus on both togetherways that gender is materialsequestered in silos has historical roots.Climate factorsto financial outcomes andhave been recognised for longer as having visible andfinancial outcomes are materialimmediate financial relevance2 andclimate financeto gender*28hasalongerhistoryasamodern investment strategyClimate investment research also draws froma largetbody of empirical data about emissions and physicalimpacts，as well as predictive modelling.2t and the short-termsustainabilityimpactsofinvestment.especiallyinFor gender lens investing，more so than climate，themitigation.arerelativelyeasy tomeasurealongside returnsavailability andnatureofdata are key barriers.GenderNotsowithgenderspecific data are still simply not collected across manyeconomic indicators such as pay gaps， informal economytheywerelaunched before social considerations forparticipation. entrepreneurship，and economic mobilityclimate became commonplace.The Climate InvestmentFunds (CIF） were launched in 2008 as a climate financeindicators ike landandresource rights.2 Because ofmechanism channelling investment to developingthe relativeyouth of the field longitudinal data on theand middle-income countries. Their S4.3 billion Cleanperformance of gender-smart investments are scarceTechnology Fund (CTF）is the largest and first CIFAndwheredata exist.themajorityarefrom publicprogramme to be made operational.When CTF investmentmarkets rather than private markets.3 Part 3 of thisplans were first endorsed in 2009-2010.there was noreport recommends practices to help overcome thesemention of gender in their guidelines for projects seekingdatagaps.）CTF support.2sToday.abouta third of public climateDuetothelackofdata.we do nothavethesamefinance projects are estimated totake account ofgenderpredictive modelling capabilities for the impacts ofequality.2gender-lens investing as we do for climate mitigation.Changes in genderequity and attitudeswhichcoined untit 2009.according to the Criterion Institutezasare embedded in slow-moving socialsystems.areSe anjeA aMJeLMaBueu ouasAs au Buldeusal Jo Kem echallenging to measure.And investors often privilegewe i#page#This landscapemap ilustrates the different types ofactorsin the genderand cimate investmentecosystem and flowseaAeu uoasausluebulMom sapouees uelg sdnoualeypaseu ueameq uoneuoju pue upunvariety of motivations for being involved in this work.Gender 8 Climate Investment EcosystemFinance8capital providers3您CapitalIntermediaries 8 informaation resourcesBrwicecwil福6CaptalchasDediFigure1.1GenderClimate lnvestment EcosystemGenderSmart GenderClimate Investment Working GroupJanuary2021futur#page#The size of the investment opportunity is signifcantnational plans.called Nationally DeterminedContributions(NDCs)withtargetsforaggressiveclimateif silos are broken dowraction.A recent International Finance CorporationBoth fields are growing fast.In 2017 and 2018.annual（IFC)analysis found roughly S23 trillion worth oftracked climate finance crossed the USD half-trilioninvestment opportunitiesinemerging markets alonemark for the first time.Onaverageannual flows rosebased on governments demand formitigation andto S579 bilion on average over the two-year perioda25% increase from 2015-2016.3In 2020.green bondsresource managementand other green-finance debt instruments crossed thecumulative S1 trillion mark since the Climate BondsLooking at genderlensinvesting weestimate that bythe end of 2020 there were over S12 billion in assetsInitiative began tracking them in 2007.32managed by gender lens investment(GLI） vehicles acrossThere are further untapped opportunities in climatepublicandprivate markets.sUnder the Paris Agreement,countries submitAstep-changein the amount ofcapital being deployed to gender lens finance11S2.23BS4.8BS818BS BillionUSD3.42.552.251.191.042017201820192020Public MarketsPrivate MarketsDataSourcedfrom CatalystatLargeParaleleFinanceSaganaand Verswealth PartnersPrvatemarketsdatafor2020forthcoming4years (2017-2020showing publicand private markets separatelyIn 2019 atleast 138 privateequity venture capitalandreal totalis potentially much higher.The 2X Challengeprivate debt venture funds witha gender lens werelaunched by development finance institutions in 2018 tcmanaging S4.8 billion in capital34 while in public marketscatalyse investment in womenhas mobilised over S4.5the total AUM in 54gender lens investment vehicles was atbillion to date.surpassing its initial goal by 50%.3 Using aS3.4 billion3s - revealing a combined growth of 61% in bothmore top-down.and unsubstantiated. approach to trackpublicandprivate marketsfrom2018.BytheendofQ3GLI in 2018 the US SIF Foundation found S868 billion in2020,AUM in publicmarkets was over S11 bilion with ainstitutional investor AUM taking gender lens issues underthe end of2020AUM.（It shouldalsobenotedthatgender lensinvestinguptake varies regionally:as of2020.41% ofpublic marketItshould be noted that as these figures representnamedand privatemarket investment vehicles targeted Northand disclosed fundsand exclude development financeAmerica.）39institutions （DFIs） private bonds and microfinance，the#page#To build a realistic picture of the opportunity to bring asectors,geographies andasset classes.areindicativeofthe scale and diversity of the opportunities that lie at thegender finance，critical data gaps need to be addressedintersection of gender and climate financeAlthough the vast size of climate finance flows and theWith bilions of dollars at staketherapid expansion ofrapid growth of supply and demand for GLI vehiclesacross public and private markets give an indication ofthesize ofthe combined market,at present there is nhas the potential to amplify impacts and returs.Therebaselineordata modelling which effectively quantifiesis an urgent need to collectamorerobust body of datathis opportunity.To build the fieldwe need to understandabout the impacts of gender-responsive measures onthe percentage of current climate finance with a genderlens.and the percentage of expected climate flows whichoutcomes.Conversely.ifclimateinvestments donothave the potentialto include a gender lens (andvice versincorporateagender lens，the positive environmentalto assess additionality）.This will enable modelling acrossimpacts risk losing ground in the long term.4o Breakingsectors and regions to reveal the scale of the marketdown silos will also encourage learning and cross-opportunity.Nonetheless the following parts of thiscollaboration and support a diversity of perspectives thatin turn drives innovationeu pue pu uAundux ueaNSHLTrackedGenderLensInvesting InAsean Region in2019Global Climate Finance44V 182019TheEast Asia8Pacific region is theGender lens investing inlargest provider andASEAN up 160%recipientof climatefnance globaly with22active GllvehiclesacrossS250 bilion USDpublic and private marketscomprising44%ofTotal AUMtotal flowsS1.1 bilion USDRecipients Of Climate Finance In East Asia 8 Pacific RegionPrivate Markets口DFIsCorporate Recipients64566312S Bilion USDInstitute for Sustainable Development and Sagana.Tne ASEAN LCEPisa UK Prosperity Fund aid programme delivering green finance and energyeffciencyrelated technicalassistance supportacross sixASEANcountiesAnnual flows of USD 250 billion into climate related projects represent a huge opportunity to significantly scale upgenderlens investing in theASEAN region through ambitious genderrelated KPIs being intentionallyintegrated inalclimate finance by default. Some ofthe public capital providers have made some commitments in this regard but todate this opportunity remains largely untapped in the ASEAN region.it presents asignifcant opportunity forthe regiontoleapfrog into meeting botn gender equality andclimate change targets simultaneously for the mutual beneft of bothwomen and the world#page#Building the investment case forintegrating genderand climate: current state and gapsTo build the fieldofgender-smartclimate investingwe need a clear narrative to convey the opportunitysupported by evidence.Acredible analysis helps detectand avoid so-called pinkwashing and greenwashingwhen projects are painted over with agender or climatemaximising positive social and environmental impactFromthe development world.international experiencetells us that increasing the gender-responsiveness oOfficial Development Assistance（ODA） funding canimprove its effectiveness and efficiency. Andgeneraly.research shows that genderequality and womensempowerment lead to increased productivity socio-economic development and environmental sustainabiityincluding better climate adaptation and mitigationefforts. 2Atthesametmewesullackaclear picture ofthe linksbetween gender and mitigation beyond employment otwomen in green jobs.For example，womens preferencesin the design of low-carbon transport energyand othermitigation interventions can vary from mens due toThe effect of leadership goes beyond financial returnsdifferent levels of control over household assets. time useWhen companies have moregender-balanced leadershipand travel patterns stemming from thegender division ofthey also tend to have better climate governance andlabour. And to what extent does integrating gender intoare more likely to proactively pursue sustainability.Anclimatechangeprojects leadtogreatergenderequality？analysis by Sasakawa Peace Foundation of more thanRural electrification has an effect on womens education11700 companies globaly foundthata criticalmass ofskills and economic participationt.for instance buttheseimpacts may not materialisetill sometime beyondto climate governance and innovation.as well as a lowethefundingcycleMore work needs to bedoneongrowth rate ofemissions:0.6% compared to3.5% folunderstanding these linkages and to shapeanarrativecompanies with no women on their board.47And researchabout the benefits of gender-responsive mitigation: toolsby the University of California, Berkeleys Haas School oflike 60 Decibels Lean Data may be a way to accomplishboth.directors inacompany is linked to the proactive pursuitFrom private-sector evidencewe see how gender lensnvesting can lead to proven returns.A Calvert Impactasinvesting inrenewable powergeneration.improvingCapital study found that companies with more genderenergy effciency.and measuring and managingbalanced leadership had betterreturn on salesreturn onemissions.assets.and return on equity.sResearch by the IFC foundthat privateequity andventure capital fundswith genderbalanced senior investment teams generated 10%to 20%higher returns compared with funds that have a majorityofmale or female leaders.4#page#While gender balance in leadership- whether within anneed for ajust green transition: realise theintelligence ofinvestment team orinatargetcompany-isakeycrossinvesting in women innovators and leaders.consumersand workforces.reduce the impacts of climate change oncutting factor in returns， more storytelling is neededaround the gender and climate opportunities acrosswomenand deliver healthier.more inclusive societiestherest ofthe value chain.For instance,are investmentThis may be ambitious - but the important thing is tofirms.funds，orcompaniesowned by women？ Dotheymake a start.Combined gender and climate investmentprocure from women-owned businesses in ways thatopportunities exist across all sectors and geographies.economically benefit women and address climate issues7as sector deep dives and case studies in the followingssoppe seGaes buunenueu pue upinos euodchapters will show.We will explore approaches to gettinggender-specific climate impacts? Are there genderstarted with gender and climate investments， and offerspecific talent and skilling opportunitiesinvestor examples and frameworks for applying genderTaken together the range ofgenderand climateand climate lenses toaportfolioinvestments can comprehensively address climatechange mitigatiion adaptation and resilience，and the#page#Part 2: Building thecase for investors inpublic and privatemarkets: sectorexamplesWhile genderand climate apply toallsectors，geographies andasset classes，（see Figure 2.1below）some sectors have already attracteda series ofinvestments that show the intersection betweengender and climate in action.We examine three ofthesesectors below.In energyandagriculture thereisalready a significant body of quantitative and qualitativedata to build the case forgender-and climate-smartinvestmentincluding commercial and impact returnsIn theinfrastructure sectorinvesting in gender andclimate togetheris less advanced，but the long-term timehorizons and lasting nature of infrastructure investmentsMapping the opportunities tomeans these considerations need to bemainstreamedfast.especially as governments prioritise infrastructuremultiply gender and climateinvestments to spur the postpandemic recoveryimpacts across sectors and societyThe system mapping below demonstrates howopportunities for catalysing climate actionand climate in the sector. outlines the market opportunitylooks atmaterial risks and opportunites to bring genderare enhanced by opportunities to generateinclusive growth when a gender lens is applied.across sectors. It is a tool to provoke thinkinguseful information for investors looking to deploy capitalas we explore our sector deep dives， ratherin this sectorthan a comprehensive dictionary of impactsThroughout，we showcase investments in these sectorsThe tool shows how systemic changeto illustrate what good looks like and how gender andclimatecan come togetherindifferent ways，tomitigatehappens when advances in one sector havea domino effect on others. This multiplierrisksand highlight new investment opportunities forclimatebuild gender equity and inclusivity across valueimpact is accelerated in areas wherechains，and deliver returns.While the available data onadvanced technologies are breaking downtraditional sectoral siloes - in agribusinessgender and climateinvestment is too recent at this timeto observe patterns of regionalvariationwhere possiblebiotechnology e-medicine. transportation forwe consider regional variations in market size andexample.By exploring thenexuses betweensectors.in both low tech and high tech systemapplicationswithin thesectordeep-diveschange.we can identify areas where climateand gender can work together to deliveroutsize transformation.ende#page#OPPORTUNITIES FOR MULTIPLYING GENDER 8CLIMATE IMPACTSSectorAgriculture.foodEnergyandemissionsand forestryClean eender-inS0Environmentand land- useyulneralDCHealth safety8securitySoCiealthoutoparticipationOacrossmfEducationestrainingpovertyyIo1000or public sectoEnergy comgaryWatercomEmploymentMaterialgender-inclusive0OrvesttEntrepreneurship06GenderLeadership 8systems isO89ySMEsConsumption8 marketsOutur#page#OPPORTUNITIES FOR MULTIPLYING GENDER 8CLIMATE IMPACTSSectorManufacturingConstruction and theTransportand mobilityuonnpod puebuilt environmentSustainablesircing of materialsEnvironmentand land- useHealth，safety8securityacrossEducationtrainingVSendeepracticesareEmploymentworkplacesafeandinclEntrepreneurshipurbanLeadership 8Consumption8 marketsto womens needsFigure2.1-Infographiconclimategenderacrosssectorsandsocietynablefutur#page#Sector deep-dive 1:The market opportunityEnergyClean energy is arguably the fastest-growing greensector.Demand for all forms of clean energy is rapidlyThe burning of fossil fuels contributes 72% of globalgrowingduein partto government targets.lfal thegreenhouse gas emissionsi.Therefore energy - itsrenewable power targets included in countries NDCSgeneration， distribution and application- is key towere implemented.an additional 1.041gigawatts(Gw）ofmitigating climate change and ensuring ajust.greerrenewables would be added by 2030，most of which（567oJjabieaud esAeadsa ABjua ueauonisuenGW）is in Asia.Theglobal installed capacity for renewableclimate finance activities whose goals are related topower generation would consequently grow by almostlowering emissionsBeyond greenhouse gas emissions. the environmentalan electricity consumption greater than Australias-and social impacts of energy production andhave committed to sourcing all of their electricity fromconsumption span the wholevalue chain from extraction，renewables.52On thesupply side,cost-lowering advancesprocessing and distribution to employment. access andand economies of scale are contributing to the rapidtechnologies can impact indigenous livelihoods andIn 2019.theamount ofnew renewable powercapacitybiodiverse land and ocean habitats. Disparities in cleanadded (excluding large-scale hydroelectric power wasenergyand skills access mean that thebenefitof cleanairthe highest ever at 184gigawatts,20GW more thanincooling and green jobs is not equally shared.52018.Al toldgreenelectricityis ontrack to becometheMeanwhile，agrowing body of evidence demonstrateslargest power source in 2025，displacing coal which hasthe importance of womens leadership as an enabler ofdominated for the past 50years.5emissions reduction and energy transition.Given theimportance of clean energy to climate change mitigation.which hasagreater demand for new capacity and canadaptationresilience and just transitiontogether withleapfrog countries with legacy fossil-fuel systems:intheunder-representation ofwomen in the sectorthe2019. developing countries were the destination forneed and potential opportunities for connecting climateS152.2bilion ofinvestment compared to S130 billion forand gender impact are undeniable.The energy sectordeveloped counties.Investments in the developing worldoffers opportunities for finance to address multiplemade up 54 per cent of the global total dolars invested inclimate and gender challenges in tandem across regionsrenewables， outweighing developed economies for theand value chainsfifthyearina row.54Astrategy forunlockinglefutur#page#Addressing electricity and clean fuelaccess has cleaRisks and opportunities through a genderhealth benefits，especially forwomenand girls.and climate lensGender-responsive energy generation and access toEnergy access also contributesclean energy to improve quality of lifeEnergy poverty is commonly defined as a lack ofto climate adaptation andhousehold access to modern electricity or safe，resilience. Solar-poweredSustainable heating and cooking fuels.5s It isawidespreadmechanisation and otherchalenge in the global South and is also faced by poorhouseholds in the global North: 8% of the EU populationclimate-smart practices andcannot afford toadequately heat their homes.5technologies such as irrigationPrior to the COVID-19 pandemic，more than 800 millionelectric equipment for croppeople worldwide lacked access to electricity.5andthe pandemic may push another 100 million back intoprocessing. and cold storage，energy povertyse. undoing the progress of previous yearscan help improve yieldsInemerging marketsandruralcontexts，energy povertypreserve perishable goods andaffects women and girls disproportionately. Not only dowomen have to spend more time gathering biomass forenhance food security amidbasicenergyneeds-timethat could otherwise bespentclimate shocks.52neducation orin other paid or unpaid work-but alsobeing more constrained within the home，they suffer theeffects more sharply.59 Travelling further to gather scarceFinallyaccess to electricity enables womenessential resourcescan also have negative health impactsandincreasevunerability togender-basedviolence.soentrepreneurstoaccessnon-famm.income-generatinglivelihoods,from trading (such as running a shop orIn global North or urban contexts，energy povertyrestaurant to services uike hairdressing photocopyingmay mean thatafamily needs to choose betweeressential servicesand phone charging.ss Sustainable electricity can enablewomen to use powered equipment to diversifyandHousehold air pollution (HAP) is another impact. Someexpand.help power information technology and internet3 billion people rely on wood dung. charcoal andaccess，orkeep their shops open longerin the eveningkerosene for cooking: these fuels produce soot and otherSome renewable energy technologies such as solarpollutants that disproportionately affect thosewhospendgeneration can be implemented as off-grid or micromore time in the home，like women，children and thegrid systems with minimal transmission infrastructureelderly.The World Health Organization （WHOestimatessecuring supply for individual households or communitiesHAP isthesecond most importanthealth risk factorforand making such systems well-suited to small villages orremote areas.risk for women and girls in sub-Saharan Africa.s#page#CASE STUDY2DWhy and how Garanti BBVAstructured a gender-equalityloan for a wind farmType of actor: InvestorInvestment type Public MarketOperatesin:TurkeyCASE STUDY1DGender ambitions:CimateambitionsHow Fenix International droveinnovation and growth bybringing a gender lens to solarIn the worlds first gender equality loan.Turkishenergy solutioncompany Polat Energy receiveda S44 millionloan from Garanti BBVAbank in 2019 to fnanceType of actor: Investee companythe construction of Turkeys largest wind farmInvestmenttype: Private marketdebtbasedS equity-Polat Energys performance wil be annuallybased financeassessed basedonaseries of gendercriteria，andOperates in:Uganda，Zambia，Ivory CoastBeninimprovements will enhance the terms of the loanNigeria， Mozambique， China 8 Siuicon ValleyAt48MW.thewind farmSoma4willbethe largestin Turkey contributing substantially to climateClimate ambitionsGender ambitions:mitigation through emissions reductions in theenergy sectorInaddition torewarding Polat Energyfor improving its gender equality the gender loanseeks toencourage othersustainableinfrastructurecompanies to adopt gender-inclusive practices andFenix International (now ENGIE Energy Access） isserve as an example to other financial institutionsa vertically integrated energy company based inUganda whose mission is to improve quality of lifepns saalnlas jelueuy pue Kblaua aAisniu! ubnolas pay-as-you-go solar home systems and upgradeproducts.As its first institutional debt investor in 2012.employees，in product designandas customersIn 2018.ENGIE.the words largestindependentelectricity producer. acquired 100% of Fenix shareswell as positive impacts for both gender and climateItis indicative of the crucial role that investors canplay in providing support and guidance to leadershipto maintain a focus on these outcomes#page#Agender lens in leadershipemployment andentrepreneurship leads to better performanceThere are significant gender gaps in entrepreneurshipand employment in the energy sector across the valueubiu e seu oas Kbjaua aigeMaual au TelanOuieuproportion of women than the global oil and gas industry.Andas the case-studies in this sector demonstratewomens entrepreneurship can contribute to the growthof off-grid renewable energy products.Tapping thepower of womens entrepreneurship.employment andWomen represent 32% of full-time329employees in renewable energydividends:innovation sustainability benefts，andorganisations.a better understanding of and connection with theconsumer baserenewable energy sector worldwide,up from 11 millioncomparedto22% in the oiland229in2018 (According toIRENA2019 Renewable Energygas industry.and Jobs Annual Review）.Gender-balanced leadership is linked with lower growthingreenhouse gas emissions.s pursuing sustainablebusiness practices and opportunities,5 capturing newHoweverwomen remain under-markets and getting new innovations to market.cs Genderrepresented in science，technology.balance in senior management stakeholder consultationDS28%engineering and mathematics (STEM）anddecision-making betterequips renewable energyjobs and in leadership. making up onlyprojects for ajust transition.as large plants havea28%oftechnical staffresponsibility to mitigate risks that women face due toresettlement，compensation，healthand safety.and 32% of senior management in2renewable energy companieshiringand training of women in key roles,achieving bothgender and climate objectives simultaneously. Howeversome barriers to womens entry must be overcomeIn an IRENA survey.respondents cited cultural andsocialnorms,skils and training，and security and theremoteness of field locationsas key barriers to womensparticipation.retentionandadvancement inthesector.s8For example, thinking of women only in sales rolesrather than as engineers and across the whole workforcedistribution and technical roles must be ensuredende#page#CASE STUDY 4How the District of ColumbiaSustainable Energy Utility bringsan intersectional approach toreduce energy poverty deliveringcost savings， energy efficiencyCASE STUDY3Dand solar installationsType ofactor: Non-proft investee companyInvestment type: Local government fundedHow Frontier Markets drivesOperates in: District of Columbia， USinclusive rural developmentthrough womensGender ambitions:Climate ambitions:entrepreneurship and digitalinfrastructureType of actor: Investee companyInvestmenttype:Private marketgrant-based8equity-based financeThe District of Columbia Sustainable Energy UtilityOperates in:India（DCSEU） helps residents and businesses in the USDistrict of Columbia (DC) use less energy switch toClimate ambitions:Gender ambitions:renewables.and save money. The initiative takes anintersectionalapproach,supporting low-incomehouseholds and SMES to deliver inclusive benefitsfor vunerable groups including seniors.womenand ethnic minorities. Since 2011. the DCSELhas contributed to over S1.1 billion in lifetimeRural distribution start-up Frontier Markets (FM） basedenergy cost savings to DC residents， businessesin Jaipur and founded in 2011 by Ajaita Shah. connectsandinstitutions.Through its work，the DCSEU isruralhouseholds in India to critical products andalso focused on creating green job opportunitiesservices. The business started as a clean energy accessthrougha Workforce Development Program,whichfirm providing lighting and appliance solutions tohelps unemployed and underemployed Districtrural residents，and has evolved to provide access to aresidentsjoin thegreen economy In 2018.througha partnership with Solar United Neighbors (SUN）InJuland the Solar for All programme funded by the2020 FM announced that it had raised S2.25 milliorin a pre-series A financing with ENGIE Rassembleur:provide funding to income-qualified DC residentsdEnergies， The Rise Fund.The Singh Family Trusts， Tejafor rooftop solarinstallations，supporting energydemocracy andajust transition in the District ofsinaualdanua uauuom jein 000OT seL KueduoauColumbiaserving 450.000 customers, and by 2026 plans to growto 1 milion rural women entrepreneurs serving 100milion consumers with products and services relatedto agriculture.insurance and environment to driveeconomic empowerment in India#page#Useful information for investors- EnergySector-specific tools availableCDC,Gender Toolkit:Off-grid solar，（2020F ICRW.Gender-Smart investing Resource Hub and Materiality Maps forOff-Grid EnergyFurther reading and resources around this sectorFlEATracking Genderand the Clean Energy Transition2018）CuimatelnvestmentFundsGender and Renewable Energy: Enty Points for Womens Livelhoods and Employment（2017）Value for Women 8 Shell Foundation A Business first approach to gender inclusion: how to think about genderinclusion in small and medium sized business operations (2018）USAID has producedaseries of briefs. notably Advancing Gender in the Environment Making the case for genderequality in large-scalerenewable energy infrastructure development 2018）Gogla Powering Opportunity. Energising Work Enterprise and Quality of Life with Of-Grid Solar.（2020）Sector deep-dive 2Agriculture food and forestryTheagriculture sector broadly encompasses foodsystems,agriculturalvalue chains and forestry.Thesector and its products are vital to the lives of peopleacross the globe，creating numerous opportunitiesfor investment and development finance to integrateclimate and gender-responsiveness while also generatingeconomic growthThe agriculture sector is a major contributor toof all greenhouse gas emissions globally.s9 Allowingemissions to grow in a business-as-usual scenario willsignificantly undermine mitigation efforts in other sectors.Industrialagriculture is also a major cause of ecologicaldegradationdirectly reducing the resilience and futureproductivity of lands and ecosystemsAt the sametimeensuring food security and nutrition foragrowing global population will requirea50%increase iragricultural productivity by 2050aswel as major shiftsin distribution to minimise food waste.Women and girlsareat higherriskofbeing affected by malnutrition:60%of the worlds hungry are women according to the WorldFood Programleading to lost productivity and diminishedeconomic potential ofat least 10%.7Credit:RootCapitaende#page#A gender lens should be a central component in foodclimate solutions in agriculture.Empowering womensystem transformation. Women have important rolesthroughout the sector can actasa key enabler of climateacross agricultural value chains - as entrepreneursmitigation and adaptation. contributing to ajust transitionby building an inclusive and resitient global food andproducers，processors，distributors and consumers.Yetsignificant gender gaps across thesevalue chains limitagriculture sectorthe ability of women to innovate，implement and leadThe market opportunityThe global food system is valued at S8 trillion of whichsector.Despite the urgency and scale of these needs.theS3.2 trilion isadded value from primary production.climate finance tracked for agriculture.forestry.and landConversely.the cost ofnegative externalitiesassociateduse was only S20 billion per year in 2017-2018.orjust 3%with the current food systemis estimated to bearound S6of the total tracked global climate finance for the period.zstrilion.72 Fixing ineficiencies in the foodand agriculturesector constitutes a huge market opportunityopportunity for investing in agricultural resilience，butDue to perceived risks andmodest return potentialthemay requirea stronger shift towards investing in rishagriculture sector receives timited investment.Since 2001reduction，long term productivity.and impact.There isgovernments globally have allocated less than 2%oftheir central government expenditure to agriculture. Oncommodities such as organic food products and plantbased foodsisasmall but growing proportion ofthetotalaverage only 1%-2%of development finance portfoliosmarket in the developed world.though care should bego to agriculture，and 6% ofimpact investors assets undertaken to avoida disproportionate burden on the poorestmanagement while commercial banks can be reluctant toproducers and consumers.7s As plant-based food goesprovide loans.mainstream. success stories such as US startup BeyondClimate change further increases the need forMeat and Swedish milk-alternative company Oatlyareinvestments to make agriculture more resilient.Estimatesforging a path for other food technology startups.7suggest that at least S80 bilion will be needed peryearup to 2050.much ofwhich should comefrom the privatestrategy forunlockingfuturs#page#Material risk and oppurtunities through a gender and climate lensClimate and gender lenses in agriculturalproduction boost resilienceImproving rural womensAgricultural production contributes 80%-86%of totalaccess to land and resourcesfood system emissions，including indirect emissions fromdeforestation and land-cover change， and should be acan increase local food securitypriority for climate and gender investment.z The climateand nutrition grow womensmpacts of food production put development and futureproductivity at risk. They include loss of productive landsincome and ensure the long-and biodiversity: increases in heat waves， droughtsandterm productivity of agriculturalothererratic and extreme weather events:and increasedland. Realising female farmersprevalence of pests and diseases.full potential through equalThese impacts are gendered.Women producers haveless access to productive assets，financing， trainingaccess to inputs could reduceclimate-related insurance and livelihood security andthe number of undernourishedare often excludedfrom land-use decision-making andlandownership.3o Higherprices and foodshortages makepeople in the world by 100-150food more inaccessible to poorer people, which affectsmittion or 12% to 17%.women andgirls more than men.CDC Gender Toolkit Food and AgricultureThere are numerous opportunities for investment ingender-smart.climate-responsiveagricultural production.Sustainableagroforestryandregenerativeagriculturecan mitigate emissions and increase carbon storagewhile creating equal livelihood opportunities for womenSustainable fashion.depending heavily on agriculture，iszaSMOB ssaualeme lunsuo se eale uMOB lunoueProviding women producers with training and resourcestoimplement sustainable practices,such as solar-oowered equipment and processing.can give themaccess to marketshigheradded value and competitiveadvantage with premium commodities.And reducinggender inequalities in access to productive resources andservices could increase yields on womens farms by 20%to30%5Investments need an integrated approach to improvefood distribution. access and affordability while alsomitigating harms to climate and building resilient foodinclude sustainable food products created by womenentrepreneurs in the global North and the global South.working directly with farmers to create whole newsustainable value chains ways to increase womensresources and equipment to reduce food wastesuch assolar-powered refrigeration，preservation and storagesolutons.These apply asmuch to the developed westasto the developing world. These investment opportunitiesalso contribute to ajustt transition.#page#CASE STUDY 6 DHow Miro Forestry is growing asustainable forestry business witha focus on womens employmentType of actor: Investee companyInvestmenttype:PrivatemarketdirectequityinvestmentCredit:ROperates in: Ghana and Sierra LeoneCASE STUDY 5 DGenderambitions:Climate ambitions:How Root Capital invests inagricultural entreprises witha gender lens to drive climateresilienceMiro is a sustainable forestry and timber businessType of actor: Investorwith plantations in Ghana and Sierra Leone.Investment type:Private market:funding variesSince its foundation in 2010.the company hasOperates in: Central and South America， East andestablished over 10,000 hectares of standing forestWest Africa.South-East Asiathrough its planting activities and has prioritisedGender ambitionsClimate ambitions:improving womens access to jobs through targets，and upskilingMiro Forestry. and have subsequently made loans ofS2 milion alongside Finnfund. the Finnish DFl andother investors.In October 2020. CDC,FinnFund andthe growth of small and medium sized agriculturalFMO recognised Miros gender commitments underthe 2X Challenge as the Company committed toof smallholder farmers. Since 2012 Root Capital hasincrease the ratio of women in the workforce to 40%qualified as a 2X investee of DFC.Its now partneringwith Value for Women in pilot programmes to enhanceclimate resilience of women in agroforestry cooperativesin Central America. These interventions map climatevulnerability and resilience alongside gender-basedvulnerabilities， Loans are provided to grow businessesand cooperatives that create jobs and opportunities folwomen，while Gender Equity Grants help businessesidentify and implement policies and practices thatenhance womens inclusion Root Capital supplementsthese with crucial non-financial services，includingtraining for women leaders， managers， employees andfarmers in key financialand climate-smart agriculturalskills to boost gender-inclusive economic growthalongside climate adaptatiion and resilience.#page#Expanding womens employment, entrepreneurship and innovationin agricultural value chainsMany food system activities upstream and downstreamagriculturalactivities.Investee companies may beof agricultural production give rise to greenhouseencouraged and incentivised to adopt gender-smart andclimate-smartpracticesgasemissions，interactingwith climate mitigationopportunities in other sectors，such as improvedInprivate markets.key opportunities tointegrateagenderenergy use，water extraction or sustainable transportandclimate lens in agribusiness investments couldWomen play fundamental roles across agricultural valuechains，comprising over 40%of the sectorsworkforcebringing green-tech innovation to inputs， processing orworldwide.5Womens participation varies betweendistribution. Or it might involve developing programmescountries and regions，from around 20%in Latin Americaor platforms to support or incubate women-led start-to over 50% in parts ofAfrica and Asia.as Despite theirups or SMES offering climate solutions.The LadyAgristrong presence in the workforce，womensagencyandauthority in agricultural value chains is limited.Womenas connecting women agri-entrepreneurs with financeand make up only 5.4% of entrepreneurs in the sectorand technologies for business growth LadyAgri providesglobally.cocoaching and mentoring to advance social impactAgricultural supply chains have been criticised forsustainable resource use and climate resiliencelackoftransparency.as.for example，lvecattle mayAclear avenue for investors could be to encouragebe sold multiple times to hide unethical origins in theportfolio companies to support women in theirBrazilian Amazon.9 Innovative,sustainable and inclusivealternatives that prioritisetransparency offer women-ledin their operations:or only directing new investments tcinitiatives a major opportunity for reform.In public marketagribusinesses with clear commitments to both climateinvestments many companies along the agriculturaland gender. Public-sector finance for extension servicevalue chain from large commodity companies tocould ensure delivery is inclusive and provides equaconsumer goods companies to retailers have sustainablesindu pue samed bunouod eilumuauom ossa3eandclimate-smart supply chain initiatives.but thesethat reduce environmental harm and build resilienceinitiatives may lack a gender dimension: other companiesmay not consider climate or gender ataul in their#page#CASE STUDY7DGro Intelligence harnesses global data collection and AHow a diverse women-led team atinsights to provide crucial tools,solutions and analyticsagri-tech firm Gro Intelligence isto decision-makers and businesses faced with escalatingsolving global agriculture， food andchallenges in the foodagriculture，and climate sectors.Led by its female founder and CEOSara Menker Groclimate challengeshas a nearly gender-equal and diverse workforce inType ofactor:Investee companyNairobiand New York driving rapid collation.aggregationInvestment type: Private market.equity fundedand modelling of complex and divergent data.GrcOperates in: Globalcurrently integrates over 40.000 data sets with over 650trilion data points. By centralising and analysing thisdata Gro is making it usefuland providing insights forGender ambitions:practical implementation.In doing so， the Gro Platformis addressing criticalglobal chalenges and getting datainto the hands of customers Gincluding farmers many ofwhom are women） to drive business performance andgrowth. In January 2021.Gro Intelligence announcedthat it had raised S85 million in a round of Series Bfunding, which will be used to accelerate the growth andglobal adoption of the Gro PlatformCASE STUDY 8 The BlueOrchard managed InsuResilience InvestmentHow the BlueOrchard managedFund (uF)is the first ofits kind toimproveaccesstoInsuResilience Investment Fund isclimate insurance across the developing world.The llFslooking to improve access to climateDebt Sub-Fund works with Microfinance Institutionsthatcombinesits loanstomicro-entrepreneurssuchasinsurance with a gender-lenssmall-holder farmers with insurance products againstType of actor:Investorextreme weather eventsand natural disastersprotectingInvestmenttype:Private marketvulnerable people such as rural farmers. The fund seeksOperates in Developing marketstointegrate gender-inclusive practices across its portfoliovalue chains and products by encouraging collection ofsex-disaggregated data provision of educational toolsGender ambitions：Climate ambitions:and resources，and by offering gender-responsive ClimateRisk Insurance (CRI schemes which recognise women血and mens differentiated vulnerabiity to climate risksThe EIB announced its investment in the liFs Debt Sub-Fund in December 2020 along with a commitment to 2XChallenge Criteria in 40% of the Funds investments.TheIIF has already made six investments across emergingmarkets. helping to protect more than 20 million poorand has the potential to reach between 100 and 145million beneficiaries by December 2025ende#page#Useful information for investors - AgricultureSector-specific tools availableICRW.Gender-Smart Investing Resource Hub and Materiality Maps for AgricultureCDC,Gender Toolkit: Food g Agriculture，（2020）ISEAL Alliance- Tools for developing standards and metrics for gender mainstreaming in sustainable agricultureFurther reading and resources around this sectorCValue for Women Innovations in Gender-lnclusive Climate-Smart Agriculture: Examples of good practices (2018 8agriculture （2018）The OECD-FAO Guidance for Responsible Agricultural Supply ChainsGender in Climate-Smart Agriculture Module 18 for the Gender in Agriculture SourcebookC FAO 8 CARE, Good Practices for Integrating Gender Equality and Womens Empowerment in Cimate-SmartAgriculture Programmes，（2020）F IFC.Investing in Women along Agribusiness Value Chains,(2016）UNDP-GlobalGenderg Cimate Alliance training module on Genderg Cuimate fnance,and GGCA Ensuring GenderEquity in Climate Change FinancingSector deep-dive3：InfrastructureThe carbon intensity of the infrastructure sector isimproved water and sanitation services in freeing upwell documented:the OECD estimates that 60%ofthe time orimproving quality of life for womenor irtransport where unreliable or unsafe services can inhibitCurrent global emissions are from infrastructure ancconstruction.3 Beyond energy(as outlined in the deep-dive above），other infrastructure sub-sectors are ripe folexploringadual gender and climate smart investmentapproachincluding transportwater8 sanitation andsustainable cities.Infrastructure finance will be key toimpact ofthe coronavirus pandemic.Now.more thanever.closeattentionmustbepaidtoensurethattheseflows ofcapitalare being deployed with both climate andgenderin mind. to lead us on the path to a sustainableand just recoveryIfdelivered in an inclusive way.high-quality infrastructurecan help mitigate climate change, enhance adaptationand resilience and support a just transition: it can enablebasicneedsand publicservicesforalButinfrastructureespecially employment in the sectoris not gendelneutral: this too is well documented.And targetedimprovements to infrastructure delivery can supportgender equality: whether you consider the impacts ofstrategy forunlocking#page#Ratioof women employees in transport sector（exampleregions）AsfortheAsia Pacific region.in theIn Europe the transportdespite women accounting for21 APEC economies. women are46%of thetotalworkforce，workforce is 22maletypically found in fewer than 20% oftransport jobsRatio of women leaders in infrastructure sector（globally and in US as an example region）188%In the United States，women fillGlobally women heldonly 19malesony make up18%ofstaffonly 14% of leadership positionsof public service leadershipin infrastructure ministries(energyinthetransport.logisticsandpositions in 2018transport and communications）infrastructuresectorcompared to38%in socio-culturalministries.Womenare under-represented inalltransportmodesandacrossalllevelsofdecision-makingMinisters of Transport in 2018.Figure2.2across thevaluechain.Thereisan opportunity today toreimaginetheway thatinfrastructure investments areplanneddesignedconstructed and operatedas well as thereach and quality ofthe services that they provide，toimprove climate as well as gender outcomes#page#The market opportunityThe transition that is required in the infrastructure sectois significant:recent estimates indicate that around S6.9buildings （S24.7trillion），covering both new constructionstrilion of investment a year in the sector will be neededand retrofits.ascities race to accommodatetheir growingpopulations.9s mprovements in low carbon mobilityglobally to meet the Paris goals，and there is currently anestimated annual shortfall in sustainable infrastructuresolutions,driven by public transport infrastructure and theinvestment between now and 2030 of S3 triuion.3 Dueexpected surge in electric vehicles，account for S1trilionto the scale and uifespan ofinfrastructure，investmentthere is an S18 billion market demand from low-incomeis typicaly led by public finance,which helps catalyseprivate sector investment. Post-pandemic recoveryfamilies in emerging markets for microcredit loans to payplans include the European Green Deal focusing orforimprovedwaterand sanitation services.Providingthe builtenvironment andtransport sectorsand thefinancing tomeet theseneedswouldreachasmany as600 milion people,and go a substantial way towardsAsian Infrastructure Investment Bank (AIIB looking atinfrastructure across Asia.94solving the water crisis globally.3Across infrastructure sub-sectors there is a significantcuimate investment opportunity. The IFC estimates atrilion across six urban sectors (waste，renewable energypublic transportation climate-smart waterelectricvehicles and green buildings） in emerging market citiesMaterial risks and opportunities through a gender and climate lensEmployment and skills: genderas a lever to driveto transitionBold climate action couldHoweveras part ofajust transitionwellneed tocreate more than 65 mitlioncolour benefit equaly from these millions of new jobsnew jobs by 2030 - manyThe advent of new technologies and materials in theof them in sustainableinfrastructure industry is creating a specific skills gap forengineers，installers，technicians，architects，facilitiesinfrastructure fields likemanagers and many more roles.Intentionally engagingpublic transit efficientthe female workforce and using this moment to investfurtherin STEM skills for women has the potentialtobuildings and clean energyremedy labour and skills shortages caused by rapidThe New Climate Economy97growth oraging workforces，as well as contribute toende#page#网CASE STUDY 11 DHow the Asian DevelopmentBank is mainstreaming genderin climate-resilient and smarturban water infrastructure acrossmainland ChinaType of actor: InvestorInvestment type: Private market.debt-based financingOperates in: China (The Peoples Republic of China）Credit LoowattCASE STUDY 10 Gender ambitions：Climate ambitionsHow Loowatt offers sustainablesolutions to sanitation and energyThe Asian Development Bank ADBY announced inchallengesDecember 2020a landmark investment of S200Type of actor:Investee companymilion in Shenzhen Water Group (SZWG to developInvestmenttype: Private market.debt-basedandand promote climate and disaster-resitient smartequity-based financingurban water infrastructure in the Peoples Republic oOperates in: GlobalChina，integrating gender mainstreaming to supportinclusive economic growth. Climate resilience andimproved conservation and managementof waterClimate ambitionsGender ambitions:resources are essentialin China to address the growingpressuresfrom climate change，water extraction andpollution. The project will help to fulfil ADBS Strategy2030 operational priorities for climate and genderincluding the development and implementation ofan ADB gender action plan with commitments toLoowatt is a women-led company operating in bothincrease gender equity in the SZWG workforce andthe Global North and the Global South. offeringa sustainable solution to sanitation and energydecision-making.with knowledgegeneration drawingchallenges.The Loowatt system offers a solution foonthelearnings andexperienceofSZWGand broaderbest practices from across the industry the projectessential sanitation infrastructure which is free ofintends to integrate gender considerations into thesewers，climate-focused and gender-responPclimate-resilientwater sector.ClimateadaptationLoowatt toilet can be flushed without any water andand resilience wil be achieved by applying innovativefacilitates feeding waste to energy-generating systemsoffering a circular economy solution which eliminatessmart water solutions to reduce energy consumptiorwaste and pollution from the qlobal economy whileand water losses.improve operational efficiency andenhancewaterquality and conservation.Throughrestoring natural systems. This growing businessthis collaboration， SZWGand ADB will share lessonsillustrates how designing innovative and commerciallyviable products which respond to both climatelearned and promote regional and global learning onand gender can be highly successful in attractingclimate-resitientandsmartwaterinfrastructure.andinvestment from a range of sourceswomen to climate change and disasters#page#Beyond representation: bringinga gender lens to climate-smartinfrastructure designCASE STUDY 12 DWhen infrastructure design ignores gender economicHow ChargerHelp! ls tacklingactivity and labour are inhibited and other negativeimpacts ensue.As the transition to acarbon-neutrala clean transport transitioneconomy is financed and rolled out.there is a risk ochallengereplicating gender-blind design and innovation. Tomitigate theserisks，weneed toconsiderwomensType of actor: Investee companyroleacross theinfrastructure value chain.as designers.Investment type: Private market,debtbased andinnovators,entrepreneurs，employees，suppliersequity-based financingand customers.A gender lens must mean ensuringOperates in: North Americarepresentation of womenat decision-making tablesand much moreGender ambitions:Climate ambitionsWomen entrepreneurs are innovators and wealthcreators.To ensure sustainable and resilientinfrastructure，they mustberepresentedas owners，as well as in technical and leadership roles，acrossthe infrastructure value chain.Evidence showsthatgreater return on procurement investments and spendsolution to a clean transport transition challengesaAosIsaeu bubaua pue padolaAap ssoeowned businesses in infrastructure supply chains canthe increasingly widespread problem of brokenhelpanticipate customer needs，drive competition，electric vehicle charging stations by providing on-and enhance corporate or government reputations.Supplier diversification is becoming increasinglytrained local workforces. A portfolio company of bothadopted across the infrastructure sector driventhe Los Angeles Cleantech Incubator and Elementaby public procurement initiatives and policies thatExcelerator ChargerHelpl has a diverse female-ledpromote womens participation in civil works.103founding team and is raising aS1.5 miuion seedround to drive customer acquisition. open up newregional markets，and build the next generation of itstechnology to extend its market leading positionende#page#CASE STUDY 13 DTridi Oasis is a female founded.owned and managedHow investment in women-company in Jakarta，Indonesia，which recycles commonled recycling firm Tridi Oasis issupporting community job creation，April2020 it was announced that Tridi Oasireducing waste and building climateone of two companies sharing a S6 million investmentresiliencefrom Circulate Capital with 50% ofthe loan guaranteedby the US International Development Finance Corp (DFC）Type of actor: Investee companyin line with its 2X Challenge commitments to financeInvestment type:Private marketdebt-based financingwomen entrepreneurs.and in collaboration with USAIDOperates in: Indonesia 8 global value chainsRecycling around 60 million bottles each year TridiOasis creates sustainablejobs for communities alongthe value chainand builds environmentalresiience byGender ambitions:Cuimate ambitions:reducing waste accumulation in landfills,waterways ooceans.In the long term TridiOasis plans to expand itsactivities, strengthen the business modeland replicateitin other locations to scale environmentaland socialimpact.There is more work to be doneIn part due to the leadership of DFIs and MDBs，genderdifferent impacts of these investments can be capturedand climate considerations are now being proactivelyand disseminated to build the business and impact casesforinvestmentin thisway.integrated into infrastructure investment decisionsOrganisations such as The Private InfrastructureDevelopment Group PIDGIan innovative infrastructuredevelopment and finance organisation are buidingrobust approaches to bringing climate and inclusionlensesateach step ofinvestment decision makingjep buuanlu Aiein ale saueodde asauloriginationbut also supporting deal teams to ensure thatimpact indicators are agreed upfront. Blended financemechanisms and public-private partnerships have beeninstrumentalinfacilitating the advancements madetodate，but there is still much work to be done to buildmore nuanced understanding of the linkages betweengender and climate in different infrastructure sub-sectorsand develop metrics that will allow investors to measurethe impacts in parallelLong-term investments in infrastructure correlate with theneed for time for genderinterventions to take hold butthis doesnt mean investors shouldnt beambitious withtheirapproach and strategyInvestorsneed to putin placerobust monitoring and evaluatiion processes so that the#page#Useful information for investors - InfrastructureSector-specific tools availableF Asian Development Bank Gender tool kit: Transport 2013CDC,Gender Toolkit: Infrastructure,(2020）EBRD,Gender Responsive Investment Cuimate Reform Toolkit - Tajikistan（2019）F World Bank Toolkit forMainstreaming Genderin Water Operations. 2016Further reading and resourcesaroundthis sectorCriterion Institute， Gender as Material to Infrastructure Projects: Reaching Better Outcomes by Applying a GendeLens from Project Inception （2020K.Thompson K.ODellS.Syed H.Kemp Thirsty for change: The untapped potentialofwomen in urban watermanagement,（2017）World Bank,A Primer: Gender Gender Equality. Infrastructure and PpPs.（2017）Gender CCGender into Urban Cuimate Change InitiativeWorld Bank，WomeninWater Utilities:Breaking Barriers，（2019）Conclusion: the case for action and impactThough energyandagriculturearethesectors where teAddressing the intersection of climate and gendemajority of gender and climate considerations have beencan give rise to new investable opportunities andapplied to date gender and climate are relevant across alopportunities for impact. However a robust body of datamust be gathered.tools developed.and narratives built togrow the fieldeAddeoKlunuloddo paddeun ansseu elayo lImgender lens to climate mitigation.adaptation，resilienceand ajust transitionende#page#Part 3:How to get startedThe links between gender and climate encompassThe preceding sections mapped out the case folmainstreaming gender and climate across sectors andmyriad disciplines sectors and vehicles. and methodsasset classes.We now examine how to embed genderwill alwaysneed to beadapted tothe specific contextand climate into the investment process.what questionsand investment case under study. The framework andshould eary-stage actors askand what actions shouldquestions laid out below are designed to raise awarenessthey take？ Should weaska different set ofquestionsofthese links and identify which of themare mostfor private markets growthcapital such as privaterelevant in a particular case. Researchers may choose toequity？ How have some of the best-in-class investorselaborateoremphasisejust onelens oraset oflensesiragiven investment or investment sector.Stillitis crucialaccomplished this to date? This section sets outaprocessfor integrating a gender and climate lens with traditionalto return frequently to these points of interconnectionasfnancialanalysis.these are areas in which investments may offer the most“bang for the buckThere is no single right way to approach investing withgender and climate lensesbut therelationship betweentraditionalfnancialanalysis genderandclimatecan bethought ofasaset of intersecting and interacting circles（Figure3.1）Traditional financial analysis typically involves rubrics03scoring systems and processes with linear methods andbinary scoring systems.It starts with individualanalysisand culminates in a debated consensus resolutionStandaloneEmploying either or both a gender or climate lens shouldFinancialdraw organisationalfocus to anintersecting set ofAnalysisinvestmentsareas 1，2,and/or3in Figure3.1）In the long run the mostimpactful approaches willbe those that carefully0102Gender LensCuimate Lensexamine and understand theoverlapping and concurrentrelationships between theselenses and evaluate whatinvestments might representFigure3.1the shared “sweet spots thatwork for their organisationand objectives.#page#ProcessThreeinterconnected and repeatable actions (Figure 3.2） representa reasonable starting point01Define a strategy for gender-smartand climate investing.includingtargets and milestones02Apply gender and climate analysisthroughout investment processes03Collect data totrack genderand climate intersectionalityand impact (and refine心号institutional targets）/Rpareandimprove upon impactsFigure3.2uauom oddns o ulule lo/pueBuliu Knba pua6employees.Milestones can also focus on improvedinvestingincluding targets and milestonescollection of gender disaggregated data oramorein-Investors should first define a strategy for gender anddepth understanding of the implications of gender on anclimate-smart investing that fits theirobjectives.Whetherinvestee companysstrategythey aim to expand sustainable transport solutions，improve the lives of smallholder farmers.or increaseDefininga baselineis bothastrategy exerciseandadatarenewable energy access， understanding how genderchallenge,Jen BraswellofCDCspeaking ata recentand climate affectandinteract with their objectives helpsCGD event introducing a new Compendium of Tools forinvestorsdevelopaninvestment strategyMeasuring Womens Economic Empowerment(WEE）notedthat thelackofbaselinedata makesitdifficult toInvestors can then setabaselineand where applicabledetermine and demonstrate progress toward desireddefine milestones with their investees that outlinetargets.The UN Foundations Roadmap for Womensprogress towards gender-focused goals.These mightEconomic Assistance is one source of guidance forinclude，for example，increasing the percentage ofmapping a WEE strategy.1c4 Additional resources can bewomen in board and leadership positions and developingfoundin the Appendix at theend ofthis reportor improving human resources poliicies to prommote#page#2.Applygenderandclimateanalyticsthroughout3.Collecting，tracking andreporting on impacttheinvestment processpaeba66esip-puaB sanbalue suonnsu 6unsarulIn the last few years，a number of groups have takendataranging from simple to complex.Themetrics shouldtheleadon developing basic toolsand methodologiesbe reflective of the investors theory of change but alscfor looking at climate orgender and begun to aligntailored to the operating environment. The collection andand harmonise them with standards and systems fortracking of data serves as a feedback loop to refine andreporting on both financial and non-financial returnsadvance institutional priorities(SASB,IRC,GRI System-level initiatives around climateImpacts may materialise out of sync with funding cycles:reporting andgreen finance （TCFDCBI,CDP）werealso developed.Each initiative garnered practitionersimpacts may emerge only over longer periods.Thisbut no single solution emerged. Recently.weve begunpresents a challenge for using gender metrics in bestto see consolidation in this space,with SASB and IIRpractice ways.While some funders are beginning toannouncing a merger to be completed by mid-2021appreciate the need for longer-term funding for impactGenderanalytics is atan earlier stage in terms ofcreation，this is still not common practice:itmay behelpful to revisit impacts over time to gain a fuller pictureand GIIN are beginning to harmonise systems ofmonitoring and measurement.1s Incorporating genderitis helpfulto beaware of the likely time-frame forand climate into the investment process，from dealachieving fullimpact versus the funding cycle，and toorigination to due diligence， deal structuring and portfoliolook for metrics that can provide some level ofinsight irmanagement，isarelatively low-barrierway toadoptatune with the latter.At the sametime，planning totrackgender and climate lens. Standardising questions aboutgender in the due diligence process reinforces the ideamore robust understanding of what succeedsand whatthat gender is not an extra consideration，but a criticalfails to hit themark.One may thinkofstacking impactspart of understanding an organisations strategy andovertime as the management of financial performancepotential for success.osevolves，asillustratedin Figure3.3below#page#Increase diversityShareholderStatus quoof/add climate riskengagement toinfluencespecialists to boardimpact over timempaBAFinancial PerformanceFigure3.3The lmpact Management Project (IMP）.created aa global forum for reaching consensus on how tomeasure and manageimpactintroducedasimplenon-quantitative impact measurement framework calledthe ABCS of Impact, which aims to provide comparableinformation regardless of whether applied to a fundadirect investment，agrant oraproject/programmIn discussing impact screening using this frameworkIMPtoucheson precisely this point:we believe thempact data categories are building blocks-if you arestarting from scratch you may want to build your impactmanagement framework on top of them: if you alreadythecategoriesasa checklist to ensure thatyou are notAn important distinction should be made betweendeveloping robust data sets that can be compared overlong periods of time，and the need to change investormindsets so that more data-and more impact-areanaturaloutcome ofincreased commitment andengagement，Astrategy forunlockingaefutur#page#Approaches and practices by investment stageThere are steps that can be implemented across the investment process to intentionally employ both a gender andaclimate lens.Approaches range from baselinelow-barrier to entry largely data-driven practices,to higher-orde“theory-of-change approaches.All of theseapproaches require strong and accountable governance las outlined in PartJapIsuos ue slonsaAul eun saupeoadde Jo lousdeus e sanensnll tS ainbu lodal SIu JO TPre-lnvestmentPost-lnvestmentMeasurementImpact AnalysisReportingManagementBaseline/Low barrierstrategyEstablish benchmarks for governance with board andseniormanagement diversityAdd both gender andclimate expertise to the boardAvoidinvestments whose operations haveanegativeimpact on gender equity or climateEmphasise thebasic measurementof outputsandreporting scale over timeSeeka positive EEO and/or EPAtrack recordExpandedstrategyproduce goods and services with positive effects ongender and/or climatethe legal termsIncrease focus on impact management and outcomes postinvestmentreturnsMultifaceted/Theory-of-change strategyF Use shareholder dialogue and engagement to influence acompanysboard and managementCreate value by working with investees to driveactions through theirbusiness models to createvalueforthe business aswellas deliveringEvolving /Ongoingedu pueasueuoueduausanuuo ses uonsanb plepueis ssoe eep payebbbesplapuebloslenaluuebeueuoluas pue peoqie sIsAeue ysHedu aeu pueepuab burobuo uedUsegender-specfcquestionsetstounderstandgenderimpactegEmpowemmentbenefitvs.burdenParticipate/lead in global organisations dedicated to developing standards and methodologies to advance theimpactindustryFigure3.4#page#Investors should start by getting their own house in order by integrating robust processes through the investmentpipeline internally.They can then proactively ask questions of potential or existing investee companies that surface theintersections between gender and climate along the value chainSupply chain and procurementQuestions for investors to ask along theF Could gender-responsive procurement optimise orvalue chain，throughout investment stagesimprove resilience or sustainability in the supply chain？Entrepreneurship/ ownership and access to capitalEmploymentArewomen entrepreneurs (and particularly women ofColour），proactively sought and are barriers in access toF Are skills and training programmes gender-responsivefinance addressedand do they increase a companys climate resilience7Do they contribute to growing a current or future poolLeadership and management/ governanceof talent that supports the longevity of a company Are diverse stakeholders consulted and are womenArewomeninvoved in marketing.sales.andat the table in decisions about site selection anddistribution of products and services How does theirenvironmental impact？involvement enable access to new market segments orgrowth in existing onesProduct developmentAre you paying attention tothe potential negativeAre women involved in the research and design ofgendered impacts of GBVH （Gender-Based Violenceproducts and services？ Is explicit consideration givenand Harassment） in the workplace and beyond？to genderin the design of clean energy products orservices， for example？ConsumptionAre women the primary end-users of productsM How is a gender lens being considered across yourand services，or do women and men use productssales and marketing pipeline？ Is this leading to smarterand services differently？ How does the design andcustomer segmentationmarketing of products and services respond toIs therea gender lens in after-sales service How doesthese differences？this lead to customer safety and loyalty？ManufacturingHow are women being brought into manufacturing toleverage traditiionalskils in ceramiics and otherfields#page#Climateand genderacross asset classesand fiscal positions formunicipalities.Ina systemicapproach. this one seemingly narrow theme of digitaameans to drive portfolio resilience andinfrastructure can cut across venture capital privateimpact-a view from Deborah Christieequity. real assets，and credit all while playing a role inCambridge Associatesaddressing gender social and environmental pain pointsClimate gender and portfolio resiience areinexorablyAnother example is renewable off-grid energy innterconnected.Investorswho identify and build thesedeveloping regions with little or no access to reliablethematic connections holistically across asset classes wilbe positioned to drive better long-term portfolio returnscommunities,and especially women economicand enhanced societal outcomes.A systemic or holisticempowerment opportunities by enabling them toapproach will enable investors to engage managers atparticipate in the modern economy which requiresadeeper levelon underlying themes and exposures.electricity and connectivity. Off-grid energy infrastructurecan mitigate climate risk by reducing the demand forfossil fuels suchas dieselandcoalwhilealso helpingsolutions intersectto avoid blackouts caused by extreme weather eventsrelated to climate change.Investors who takea systemicAn example of this intersectionality is digitalinfrastructure,which has implications for gender socialapproach are investing not only in distributed off-equity andenvironmental sustainability.Asremoteworkgrid energy development and infrastructure，butalsoand learning continue into 2021，digital infrastructuremicrofinance and SME（small and medium enterprise）investmentsin fibre，wirelessnetworks.andmiddlewarecredit opportunities，and corporate equity investmentslaccessed via real assets and private equity and at thein areas such as e-commerce. education， healthcareand financial inclusion. Through such a holistic andapplication layer (via venture capital) can help acceleratemult-assetclass approach investors can power anddigitisation and expand access,especialy for womenempowermarginalised communities and drive long-termand underserved communities.At the same time，someoftheseinfrastructureinvestments carrysmart cityportfolio resilienceapplications, which can improve both energy efficiencystrategy forunlockinga#page#The data sample is both longitudinal and diverse in termsA closer look at private marketsofgeographysize，andsector.andincludesboth directWhile different investors have different needs.itis usefulinvestments in companies and indirectinvestments into disaggregate public markets from private marketfunds and financial intermediaries.In alL the researchinvestment practices with respect to gender and climatecovers 160 borrowers in eight primary sectors in overPrivate markets investment funds- whether identified as100 countries.representing approximately S23 bilion inimpact social enterprise gender diversity or other - havecumulative assets under management.iog Itis one of theshown the most rapid growth in recent years in termsvery few longitudinal data sets and studies available: otherof numbers of new funds launched total assets underlongitudinal studies either cover shorter time periods ormanagementioz and the rigour with which impact themesarebased on portfolios held by development financeare addressed.In the effort to apply a climate and genderinstitutions that have been retroactively assigned tolens，diferenttypesofcapital havedifferent advantagesand limits for investors.Private markets also represent artheories of change and impact outcomes achieved.opportunity forinvestorstoexercise different levels ofThereport considers common distinctions betweeninfluence and ownership over the companies and vehiclespublic and private market investing processes andin which they invest.Whilea combined gender andcharacteristics.For example，private investments offerclimate lens has not yet yielded enough data from privateopportunity for a more direct connection to impactmarkets to fully identify best practices，we may drawdepending on thetypeofcapital:equityinvestorscanguidance from Calvert impact Capital one of the worldsrequire change andenforce adoption of key criteria overearliest and most catalytic impact investorstime，On the other hand，securities are efficiently tradedIn December 2018.Calvert Impact Capital published “justand more liquid in public markets than private ones.Good Investing: Why Gender Matters to Your Portfolioand What You Can Do About Itanalysing data fromcurrent and former borrowers over an 11-year periodto assess theimpact of womens participation in seniorleadershiip and board positiions on fiinancial performance#page#Calverts guide emphasised the need to understandthe range of tools available to incorporate gender intoinvestment decision-making and analysis.(Note thatthese tools are also relevant to gender-and-climateinvesting.）They includeCLIMATE FINANCE Screens: While screens area useful toolCalvertTASKFORCErecognisesthe reality that institutionsmay facechoice between screening based on bright-line goals（eg,30% of Board seats held by women） versusscreening based on a more nuanced theory-of-changestrategy.Thereport notes that“investors mustrespectThe 2X Cumate and Gendermarket context when setting screens orthey mighscreen themselves out ofa portfolioFor exampleFinance Taskforceinvestors screening based on a bright-line goal wouldThe 2X Challenge and Gender Financeinclude only companies that have 30% women onCollaborative recently launched the 2X Gendertheir board: in contrast，investors using a theory-of-change strategy might consider companies that doCDC,DEG8 EIB and EBRD with thenot yet have women on their board but are open toinvolvement of BIO. Findev Canada， FMO，IFCimplementing a leadership diversity strategy as part ofOeEb and other 2X members.The Taskforcean investment agreementaims to leverage the power of gender-smart Underwriting: Questions about gender can beinvestments for climate action in the run-upincorporated into standard due diligence，and Calvertto COP-26 and current progress on 2X andImpact Capital has published a sample framework thatclimate action investments.It recognises theprovides basic guidance for incorporating gender intorole that women play in leading climate actionthe underwriting process. with questions for investingstrengthening the sustainability of infrastructureboth directlyand in intermediaries.1oinvestments，and driving adaptation. resilienceand mitigation solutions at all levels of theMilestones:These may be targets on the road tovalue chain. Moving forward the Taskforce wilgender-related goals， or commitments to processesdevelop a suite of 2X Collaborative tools forsuch as colecting gender-disaggregated datagender-smart investing in climate finance andInvestors maychoose to establish penalties for missingorganise knowledge sharing events to comparemilestonesexperiences on how to further gender responsiveReporting:Investors can request or require investeesclimate financing.to collect and report data relevant to gender.Investorsshould emphasisethat this is anchored in improvingSee more details herebusiness performance，Calverts report notes:1fcompanies dont understand how the data is pertinentto their bottom line，it will not be prioritised and willbe perceivedas an investor preference. Finally thereporting demand on investees should be realistic,asresources to dedicate to data collectionende#page#Pioneering investors and their approaches in public marketsNia Impact Capitalinvestment returns its managers believe gender-diverseleadership will deliver over time.The Fund is also fossilNia Impact Capital invests at the intersection of socialfuelfree and meets key ESG standards,meaning itis notjustice and environmental sustainabilitybuilding ainvested in securities of companies that are significantlyportfolio of forward-thinking companies poised toinvolved in the extraction andlor refining of fossil fuelsplay a key role in the transition to an inclusive,justwithin theenergy sectorand sustainable economy.It currently has over S120million AUM.Kristin Hull founded Nia in a bid to bringAdasina Social Capitalimpact investing to publicmarkets.Bothagenderlenand a commitment to racial equity are applied acrossAdasina Social Capital (Adasina） is aninvestment andthe investment decision-making process.and the firmfinancialactivism firm that bridges financial marketsandis spearheadedbyawomen-led team of investorssocialjustice movements.In December 2020AdasinaThe Nia Global Solutions Equity Portfolio invests inannounced the launch of the Adasina Social Justice Alpublicly traded companies，witha focus on small-toCap Global ETF.The ETF excludes companies whosemid-cap-sized companies.It is an actively managedpractices impede the advancement of equitable systemsportfolio where all companies have women in positionsItsinvestmentcriteriaareembeddedinadata-drivenofleadership，allinvestmentsarefossil-fuelfreeandset of investment standards determined by workingSoda，tobacco-，andweapons-freeby design，andareclosely with socialjustice movements toidentify thecommitted to both financial success as well as positiveissues most directly affecting their communities-social and environmental outcomes. They have an activewith a particular focus on racial gender economicshareholder engagement approach on gender and socialand climatejustice.The ETF tracks the Adasina Socialissues，andmoreJustice Index which includes a global universe of publiccompanies whose practices are in alignment with socialImpax Asset Managementjustice values，andwhich is screened using both theThe Pax Elevate Global Womens Leadership FundSocial Justice Investment Criteria and traditional ESGoflmpax Asset Management，invests in publicmarketmetrics.As a Black and women-owned investment firmcompanies that invest in women.The Fund employsAdasinas experienced investment team is reflective offactor-based investment approach intended to closelythecommunities most impacted by existing inequitablecorrespond to or exceed the performance of the lmpaxsystems. The Adasina ETF is one part of a comprehensiveGlobal Womens Leadership Index (Womens Index）investment strategy thataims to mobilise investorsThe Fund currently has circa S748 million AUM as othrough campaigns and education creating incentivesmid January 2021 and invests in the approximately 400forcompanies and governments to changetheirharmfulcompanies comprising th#page#CASE-STUDY 14 How responsAbiity is making their energy access fundgender-smartType ofactor: InvestorInvestment type: Private market，debt-based financingOperates in: Sub-Saharan Africa and South and Southeast AsiaGender ambitions:Climate ambitionsresponsAbility Investleading Swiss sustainablequity and other social and environmental outcomesmanagement （AUM）.actionfor the benefit of its businesses.As aresult the fund hasqualfedforthe2X Challengeandisnowengaging withand within their investment process.To that end，theytheir investors and portfolio companies to create genderJoauo oul sual dapua6 e Aidde o qolId euo pamiequatheirctimate funds-a private debtfundaddressing lackequality and better business outcomes.of access to clean power primarily in Sub-Saharan Africaand South and South-East Asia.The team worked withleading impactand genderadvisors CatalystatLargeencutur#page#ConclusionThere is no singlerightpath toan integrated genderand cimate investmentapproach.As wehave seen the precisejourney each organisation takes is subject to its objectives，investment thesis，and region，theme and sector focus.Thereare challenges， it is true, due to the youth of the field and the sparse data and narratives available. But in afast-movingperfectopportunitydata，orprojectoutweighs the benefitsofacting now.whethertesting thewaters witha pilotproject or scaling up what is being done. We hope this report and the rapidly-expanding gender and climate investingNext stepsaeu ulm elal lepu6 XZ au aulquos oMou buloldxa gzdo o dn unl eu uasueuy aeu u bunsaAuleligibiites and organise knowledge-sharing events to further genderresponsive climate financing These wil includeimpact measurement with existing indicatorsand process.GenderSmart is committed to highlighting great work that is underway to address the climate emergencywithaclimate and gender lens.lfyou have examples to shareplease connect with us at .Afull listofresources can be foundin theAppendix.ende#page#GlossaryAUM:Low-carbon transition:Assetsundermanagementand low carbon energy to just using low carbon energyBlendedfinanceMRI:The strategic use ofpublic and/or philanthropicMission-relatedinvestmentThere isnolegaldefinition ofconcessional funding to catalyse private sector investment inSDG-related investmentsmission-related investments，but typically the term describesinvestments，madeby charitableorganisations.that bothaimtoCatalyticcapitalfulflasocial purpose and achieveacommercialrateofreturCapitalthataccepts disproportionate risk or concessionaryPRl:returns to generate positive impact and enable third-partyinvestment that otherwise would not be possibleprimary purpose is to fulfila private foundations charitableESG:Environmentalsocialand goverance（ESG）criteriaareagroupPublic-privatepartnerships(ppps）of standards used by sociallyinvestmentsContracted collaboration between a governmentagency anda认operate projects.An electric vehicleStructuralinequalitiesGBVH:Inequalities arising from deeply-embedded biases that lead toadvantages for some demographic groups and disadvantagesfor othersGenderAction Plan(GAP）:A project-specific toolused to ensure that genderSupplier diversitymainstreamingis tangibleAbusiness strategy that seeks toachieve adiverse supplier baseand implementationin the procurement of goods and servicesGender balanced leadership:SustainabletransportA30% representationofwomen at the highest levels ofTransportation infrastructure or vehicles which require lowerorganisationsandinstitutions.(notingthat30%istheenergy input or reduced fossil fuel consumption to operate,andconventionallyaccepted8 definedrange）generate lower levels of carbon emissions compared to highemission transportation infrastructure and vehiclesGenderdisaggregateddata:TA:Datathatare collectedand held separately on men andwomen（and where possible，non binary) to enable analysis ofgenderedTechnicalassistancecharacteristics，impactsoroutcomesTheory ofChangeGenderinclusiveAnappliedideation framework to envision theintentionalProactive efforts tocreateinclusive attitudes and behaviours ancchanges needed to achieve a desired outcome often used toequalopportunities for diverse genders within an organisationsUnconscious bias:ImpactmeasurementframeworkCulturally institutionalised social stereotypes about certainA structured framework and customised set of metrics forconscious awareness.IRR:Value chainInternal Rate of Return- Thecalculation of therate ofreturn onaninvestment.service.#page#AppendixTools and key resources to help you on your journey:There is no one tool that will work for allinvestors looking to bring gender and climate together. whetheryouare looking forframeworks for impact measurementscore cards or metrics.Nonetheless thereareestablishedandemerging resources that youmight find usefulasyouembark onyourjourney orlookto bring more rigourto existing processes.These are summarisedbelowC As you Sows Gender Equality Funds toolis a start to taking theindeveloping countriesandemerging markets.althoughitget toasetofpublic markets funds that are both strongeronassessmentgender and fossil free.Equileap provides gender data andMEDA: The GEM Framework offers a suite of tools forratings for publicly traded companies and supports investorscompanies to upgrade business operations by mainstreamingto incorporate this information in financial products.but doesgender across environmentalsocial and governancenotdoaclimate analysisatall（ESGlareas.The GEM self-assessment evaluates diferentCDCs Gender Toolkit brings together resources.guidanceandcomponents environmental socialand governance）ofatemplates that focus ongender-smart investing across a rangeofsectors.targetedatinvestors and companies looking foroffersrecommendations for improvement.Support in integrating gender into their processes andMeasuring Womens Economic Empowerment:AoperationsCompendium of Selected Tools was launched in the contextCriterion Institute is working on severalinitiatives relatedofprivatesectordevelopmentprojects ratherthan privatetocimateand gender. one ofwhichis The Material Riskssector investment funds but organisations may findrelevantof Gender Based Violence in Emergency Settings whichtoolsamong the 35itdescribes.amongothers.TheyhavePrivate Equity and Value Creaton:AFund Managers Guide tomany relevant toolsGender-smart Investing IFC 8 CDCaplAold o a brg sasn uIuM dde sisAgue lapuaB e sl olnbaC SEAF Gender Equality Scorecard: a sector agnostic tool SEAFgender equality and socialinclusion analysis.tools andactionuses its Gender Equality Scorecard to assess womensplans customised for sector and geography.It can be used foreconomic empowerment and gender equality withindevelopment project planningbusiness developmentinvestment opportunities and portfolio companiesemergency response，due diligence，andprivateinvestmentsValue4women wil soon release a new platform foracross 20 sectors globallyS An EU Taxonomy for sustainable economic activities is beinginvestors,SMEs,andintermediary organisations.TheValuefodeveloped as an enabler to scale up sustainable investmenand to implement theEuropean Green Deal.By providingthatwant guidanceontheirgenderstrategyaswell ason howappropriate definitions and tools including screening criteriato deepen their approach togender inpractice.Piloted so farwith over 100 off-grid and sustainable energy companies inprotect private investors fromgreenwashing.help companiestoplan thetransitionmitigate market fragmentation andFoundati#page#1Case-studies:full versionsCASE-STUDY 1DHow Fenix International drove innovation and growth by bringing a genderlens to solar energy solutionsTypeofactor:InvesteecompanyInvestment type: Privatemarket,debt-based8equity-based financeOperates in: Uganda，Zambia， lvory Coast. Benin Nigeria Mozambique， China 8 Silicon ValleyGender ambitions:Climate ambitions:Basic scene-set: Fenix International (now ENGIELauoMooddns paabiebuipIoid pue saaKoiduaEnergy Access） isa vertically integrated energyemployees who were driving innovation and expandingcompany based in Uganda with teams in ZambiaFenixscustomer baselvory Coast Benin Nigeria Mozambique China andApproach:Intentional support from leadership andSilicon Valley.Fenixs mission is to improve quality oinvestors such as AlphaMundi ensured that genderlife through inclusive energy and financial servicesgoals wereastrategic priorityas the company grewItachieves this through designingmanufacturingThisapproachwas centredaroundthreemaindistributing and financing affordable，pay-as-youactivities.The first was implementing a series otgo solar home systems and upgrade products.practices to reduce gender bias in recruitment andAlphaMundiwas thefirstinstitutional debtinvestorretention across the organisationto realise andin the company in 2012.They built a long-standingmaintain equal representation of women in middlerelationship with the company characterised by timelymanagement and leadership. The second focusedinvestments of working capitalconvertible debt andon enhancing and utilising womens expertise inequity through the SocialAlpha Fund and co-investorsproduct design to drive innovation and enhance theIn 2018.ENGIE,the worlds largest independentCustomer base.Andthe finalstrandwas focusedorelectricity produceracquired 100% of Fenix sharesmproving professional development opportunitieswith the goal of bringing decarbonised.decentralisedFenix developed an employee ownership programmedigital energy to over 20 milion people in AfricaFenix Flames.which gaveallemployeesasharein Ambitions: Fenix Internationals core productthecompany.andthenamentorshipprogramme forsimultaneously tackles the issues of climate changewomen leaders and managers to support each other inand rural poverty.by making clean energy solutionsapplying for leadership positionsaffordable to African households，Fenix was alsoImpacts: Fenix grew tremendouslyin theyears upAlphaMundis first portfolio company led by a femaleCEO.Lyndsay Handler. Under Lyndsays leadershipas employees and customers.From 2010to 2018，Fenix rolled outa number of important gender-lensFenix impacted the lives of 2.500.000 users and 1.100strategies which helped to grow thebusiness.Thisfull-time employees across Africa,45% of whom wereincluded prioritising a safe,empowering culture for allwomen.In 2017AlphaMundi completed the firstAstrategy forunlockinga#page#gender survey across its portfolio，revealing Fenixscookstoves that in turn led toa40%increasein directefforts to improve womens experience as employeesfemale customer ownership.Previously only 25%ofweresuccessful.with45%womenemployees.andFenix solar home system customers were women. Withfive of nine director-level positions held by women women doing more than 95% of the cooking in thesehigher than the industry and portfolio average.On themarkets they were the primary users and beneficiariesofthe clean cookstoves.leading to ripple effectsforproduct side，womensleadershipin product designled to the successful development of clean efficientpositive health and safety outcomes.Key takeawayslauaumdluslapeal o aouepin6 pue Hoddns bulplnold u! Keid ue sloysanu aiol jeon au Jo anneipu osie s!6uluyap Jo sable as pue aulaseq au pueislapun o slu panebabbeslp-xas au bulepueu ou J bubenooualeadership buy-in the inclusion of gender and climate in strategic KPlsand investors who explicitly support a balanceofimpact and returns goalsCASE-STUDY2Why and how Garanti BBVAstructured a gender-equality loanfor a wind farmType of actor: InvestorInvestment type:Public market，loanOperates in: TurkeyCimate ambitions：Gender ambitions:Scene-set8ambitions:In the worlds firstgendeequality loan. Turkish company Polat Energy receiveda S44 milion loan from Garanti BBVA bank in 2019tofinance the construction ofTurkeys largest windfarm.This is part of Garanti BBVASCommitmentto sustainable financeclimate changeand genderequality. Polat Energys performance will be annualyassessed based on a series of gender criteria，andimprovements will enhance the terms of the loanBBVAwas rated the mostsustainable European bank inthe Dow Jones Sustainability Index in Novemberfuutur#page#November 2020.and beyond a strong climate focus.programs，equality in new recruitment，prioritisinghas a range of different activities to actively promotewomen-led enterprises in the supply chain. equal paywomens participation in the economy.business lifepolicies to prevent harassment.and training to addressdiscriminationagainstwomen.TheS44-million loanand decision-making processes.to Polat Energy includes both a S21.4 million cashAt48 MW.thewindfarm Soma4will be thelargest inportion， which matures in eight years: anda S22.6Turkey. contributing substantially to climate mitigationmillion non-cash portion which matures in 11.5through emissions reductions in the energy sector Inyears. The score from the initialassessment willserveTurkey the female employment rate is less than halfas thebaseline，and improvements in subsequentthat ofmen representing avast poolofuntappedassessments will translateinto betterterms forthetalent.Among its other ambitions. the gender loanloan: lowering the interest rate for the cash portion andseeks to address this employment gap by enablingreducing thecommission for the non-cash portiongender-inclusive companies to access financing underGaranti BBVA will provide technical support if neededfavourable conditionsApproach8impact:With this newfinancial product.gender equality.the gender loan seeks to encouragethegender equality loan Garanti BBVA has developedother sustainable infrastructure companies to adopta methodology to annually assess performancegender-inclusive practicesingender equality across the value chain.Theassessment criteria include postnatal return-to-workKey takeawaysfinancing enterprises and companies owned or managed by women. created with S75 milion investment from IFCin 2018. It is now the first bankin the world tointroducea gender loan. By rewarding companies that demonstratesAoldu o salueduios launo abeinooua o syaas Aaa nuelep sula ueol aiqeinoney unolu asueuoyad aAIsodende#page#CASE-STUDY 3DHow Frontier Markets is drivinginclusive rural development throughwomens entrepreneurship anddigital infrastructure solutionsType of actor: InvestorInvestment type:Public market.loanOperates in:TurkeyCredit:Frontier MarketsApproach8impacts: FM leverages its network OfGenderambitions：Climate ambitions:tech-enabled women agents to market innovativeandclimate-responsive products and servicestorural communities. In response to the increasingelectrification of rural India FM expanded its offeringsto solar and digital connectivity appliances. The Sahelisare now able to distribute multiple services.enhancingmile rural distribution start-up Frontier Marketstheir financialviabilityincome，andservicesprovision（FM.founded in 2011 by Ajaita Shah connects ruraThrough the Meri Saheliapp，the Sahelis can collecthouseholds in India with key products and servicesreal-time data，coordinate orders and deliverieswithout leaving their village.Today FM has over 10,000The business started as a clean energy access firmproviding lighting and appliance solutions in ruralwomen entrepreneurs using its platform，deliveringRajasthan，and hasevolved to provideaccess toaover 2.2 million products and services to 350,000range of life-changing products and services sold by arural households.Along with its founder Ajaita Shahnetwork of women entrepreneurs called Saral JeevanFM isawomen-led business witha digital and dataSahelis.In July 2020 FMannounced thatit had raisedteam of women and a Womens Council made up ofRassembleurs dEnergies， The Rise Fund.The Singhwomen across four states have earned S12 millionFamily Trusts，Teja Ventures and affiliates of Beyoncby selling 2.2 million assets to 350,000 householdsCapital Fund.This will enhance the e-commerce（earning 15% margin on sales）. This has led to 406,000platform by adding marketing.training and onboardinghours saved due to increased productivity in customersafter purchasing products from FM and S120 milionsource for rural women. By 2025. the company plansin income/savings created for rural customers (where65% of rural customers are womenl. FM has beento grow to1million ruralwomen entrepreneurs serving100 million consumers with products and servicesprofitable for the last fouryears.and Digital inclusionrelating to agriculture，insurance and environment tois giving a powerful voice to rural households to drivedrive economic empowerment in Bharat Indiaclean energy，agriculture，and finance innovationsKey takeawayssiu jeude uMoD Jo punolxau s! buslels Kueduo aul sinaualdanua uauom pue salunuuos jeinl oddnsyear to scale its network from 10.000 to 150.000 women entrepreneurs, from 350K to 3 million rural households inthenext2yearsJo plosal yen e pue asodind Jo KleID uauom Joy slalleq uMop yealq o Kanisuodsal dapuab Kbolouua Bulsn puegrowth has led to a bench of engaged and repeatinvestors in the business.#page#CASE-STUDY4DHow the District of Columbia Sustainable Energy Utility brings ansbulnes 3sos bullanllp Kalanod Kblaua aonpal o uoeoldde jeuoaslau!energy efficiency and solar installationsType of actor: Non-profitGender ambitionsCuimate ambitionsInvestment type LocalgovernmentfundedOperates in: District of Columbia，USThe District of Columbia Sustainable Energy UtilityAkey focus is on creating green job opportunites forDCDCSEUhelps residents and businesses in the US Districtresidents，throughaWorkforce Development Programthat seeks to help unemployed or underemployed DCof Columbia (DC) use less energy,switch to renewables.and save money.Financed mainly by the DC governmentresidents uncover green career opportunitiestheinitiativetakesan intersectional approach to achieveTo further scale positive impacts. the DCSEU partnersenergy democracy, supporting low-income householdswith Solar United Neighbors cooperative to deliverand SMEs to deliver inclusive benefits for DCs mostgrants for Solar installations.funded by the Solar for AILvulnerable communitiesprogramme which is funded by the DC Department ofSince it commenced its activities in 2011，the DCSEU hasdelivered financialincentives，technical assistance，ancmonetise renewable energy credits，developedby theinformation to tens of thousands of DC residents andDCSEU with financing from Calvert Impact Capital isbusinesses，helping them to save millions of dollars onincreasing funding capacity to provide rooftop solartheir energy costs，Its energy efficiencyand renewableinstallations to even more DC residentsenergy programmes have contributed to over S1.1Calvert Impact Capital provided a loan against SRECbilion in lifetime energy cost savings to DC residentsreceivables from the 2017 Solar for All Program for whichbusinessesandinsttutions.The DCSEUaddresses energySUN receiveda grant.The securitised loan proceedspoverty by reducing the energy burden of DCS mostwill be reinvested back into the DCSEUS programs andvulnerable residents，including by delivering energy-initiatives to further increase the DCSEUs impact inSaving projects for affordable housing，clinics and shelterthe DistrictCASE-STUDY 5How Root Capital invests inagricultural entreprises witha gender-lens to drive climateresilienceTypeofactor:InvestorimpactfundInvestmenttype:Private market.Operatesin: Centraland SouthAmerica Eastand WestAfrica8 South East AsiaGender ambitionsClimate ambitionsiCredit: Root Capital6Gender#page#to over 1.550 enterprises. Using a blended financeScene-set 8 ambitions: Root Capital is a non-profitenterprises which support smallholder farmers infinance to support advisory servicesand early-stageCentraland South America， East and West Africa andbusinesses. Its donors and investors are largelySouth East Asia.In 2012 Root Capital launched itsfrom the Global North. and include DFIs， individualWomen in Agriculture strategy to increase genderinvestors and private corporations. Some 97% ofequity in the sector and recently qualified as a 2Xinvestees operate in an environmental vulnerabilityinvestee，lts now embedding these principles acrosshotspot, and are selected based on theirimpactits portfolio along with its other strategic ambitionsscores ina stringent screening process.In partnershipincrease investment in agricultural businesseswith Value for Women， Root Capital works closelyempower youth through meaningful employmentwith women working with their agribusiness clientsand build climate resitience in rural communities. In ato design policies or programmes.They continuouslyset of pilot initiatives，Root Capital has partnered withmonitorevaluate and adapt their work，and exchangeValue for Women to deliver interventions to genderknowledge with other key stakeholders in the sectorinclusive agroforestry cooperatives in GuatemalaGender-inclusive businesses and cooperatives thatHonduras. and Mexico in Central America. Withactively create jobs and opportunities for womenwomen smallholders in agriculture increasinglyare able to scale their operations. Loans enablevulnerable to climate change Root Capital aimsenterprises to purchase from farmers at higher andto help them build adaptation and resilience whilemore stable prices， while Gender Equity Grantsimproving womens livelihoods and contributing tohelp businesses identify and implement policieseconomic growth. The pilot programmes notably mapand practices to enhance womens inclusion. Inclimate vuinerability and resilience in parallel withaddition Root Capitals training for women leaders，gender-based vulnerabilities，to identify target areasmanagers，support staff，and farmers in key financialAs the pilot interventions come to a close positiveand agricultural skills gives women greater influenceimpacts are emergingand autonomy. Activities which increase climateApproach 8 impact: Root Capital fills an importantresilience and adaptation are being piloted for treegap by financing enterprises whose credit needs arecrops such as coffee or cacao， which can be producedtoo big for microfinance yet too small or risk-heavysustainably and generate higher added value. Thesefor commercial banks，through provision of loansinclude water conservation reduced forest clearance，between around S200.000 to S2 mitlion.Thesecrop diversification and cuttivation ofheatresilientloans are supplemented by critical non-financialvarieties.In CentralAmerica every dolar disbursedinthe 2020 Q3 harvestseason was repaidservices such as traini#page#CASE-STUDY 6 DHow Miro Forestry is growing asustainable forestry business with afocus on womens employmentType of actor:Investee companyInvestmenttype:Privatemarket,debtbased financingOperates in:Ghana and Sierra LeoneGender ambitions:Climate ambitions:GCredit: Miro Forestrytimber business with plantations in Ghana and Sierraincluded an upskilling programme for women whichLeone. Since its foundation in 2010 the company hasaimed to provide equal opportunities for training andestablished over 10,000 hectares of standing forestincrease hiring of women by providing unconsciousthrough its planting activities and has prioritisedbias training to senior management. As lessons wereimproving womensaccess to jobs in Ghana throughlearnt through the GAP implementation the plantargets，andupskiling.In 2015，CDCcommittedwas updated annually and now hasa large focusto invest S15 milion into Miro Forestry and haveon confidence and capacity building for femaleemployees.in addition to teGAP theESG Impactsubsequently made loans of S2 million alongsideFinnfund.the Finnish DFl andother investorsteam helped Miro appointa female ESG Managerwho is now a director of the company and assistswith diversity ata senior level.In October 2020from 2016.has supported climate mitigation throughCDC.FinnFund and FMO recognised Mirosgendercarbon sequestration and contributed to the justcommitments under the 2X Challenge as the Companytransition by creating jobs and increasing workforcecommitted to increase the ratio of women in theskill levels ina net-zerosector.Miros latest businessworkforce to 40%plan anticipates tripling theworkforce，employingmore than4.500peopleafter 2030.While themajorityImpacts: The CDC investment to date has supportedof jobs are currently on plantations most new jobsMiro in establishing more than 6.000 hectareswil bein harvesting and processing as the businessofeucalyptus and teak plantation.equivalent toroughly 5.4 million trees.Over1,300,000 tonnes ofexpands.The focus on womens empowerment atMiro followedastrategic decision by the company toatmospheric CO2 have been cumulatively sequestered.address the issue of high absentee levels and attritiorand 7333 hectares are now under active conservationrates through focusing on its female employees.CDCmanagementan increase of 13%over the prioryearworked with Miro to perform a gender workforceShare price has seen a 10% average increase over thediagnostic and adopt a gender action plan (GAP）lastsix years（2013-2019（S12.60/shareatthe start ofThis led Miro to set a target to increase the number2020）.Company equity value is over S73 million USD.aof women in the workforce from 26 percent to 4067% premium over equity invested and a 13% premiumpercent within twoyears.over total money invested.#page#Key takeawaysThe GAP implementation is crucial to monitor and analyse the effectiveness of interventions to empower womeraseud puosas au oqu! uoneuauidu ieu uol suossel paeibaqu! oW anien ssauisnq aanlap pue KieluouoaFor example. recognising that the GAP was not sufficiently culturally sensitive, Miro integrated a gender-sensitiveapproach into communication and management styles.In 2020， Miro was required to produce a safeguarding policyas well as updating and improving the gender action plan. And so.in partnership with CDC.other investors and a localcivilsociety organisation （Cso）Miro developed a process tofacilitate a deeperunderstanding ofthe challenges facedpue HAg quaudolanap apuab o eoldde palabje alou e Janlap o lunuuo pue aloyyloM au u! uauom Kqachange in the company culture. The GAP will continue to help CDC and Miros Compliance Director monitor theseCASE-STUDY7How a diverse women-led team at agri-itech firm Gro Intelligence is solvingglobal agriculture food and climate challengesType ofactor:Investee companyInvestment type: Private market,VC equity fundedOperates in GlobatGender ambitions:Climate ambitionsand global adoption of the Gro Platform enhancing itsmachine-learning capabilities and delivering localisedinsights on food.agriculture and climate riskCuimate changerising fooddemandandunsustainableproduction and consumption patterns have led to anurgent need for smart solutions tomeet the scale ofGro Inteligence harnesses global data colection and Althe challengesrequiring innovative data analysis andinsights to provide crucial tools，solutionsandanalyticsmodelling. The Gro Inteligence platform projectsto decision-makers in the food.agriculture，and climatesupply and demand for agri commodities based on thesectors.Led by its female founder and CEOSarainteractions between food.climate，trade，agriculture，Menker Gro has a nearly gender-equal and ethnicallyand macroeconomic conditions and provides tools fodiverse workforce in Nairobiand New York driving rapidcustomers tointegrate Gros knowledgeintointernalaggregation and modelling of complex anddecision support processes.Gro currently integrates overdivergent dataasu busKeue pue buisenuaskq puesas eep OoootIn January 2021Gro Inteligence announced that it raisedandmaking theoutputs accessible toits customersS85 million in Series B funding. The round was co-ledby Intel Capital Africa Internet Ventures la strategicchallenges and get data into the hands of customers（including smalholder farmers.many of whom arefamily offices of Ronald Lauder and Eric Zinterhofer Theywomen） to drive business performance and growth.Inwere joined by previous investors DCVC and GGV CapitaladditionGro is launching first-of-its-kind climate indices.New investors include Schusterman Family Investmentsand will utilise the Gro Platform to digitise and measureDick Parsons. Rethink Food and various strategic familyclimate risk.offfices.The latest financing will accelerate the growth#page#CASE-STUDY 8 DHow the BlueOrchard managed InsuResilience Investment Fund is lookingto improve access to climate insurance with a gender-lensType ofactor:InvestorInvestment type:Private marketOperates in: Developing marketsGender ambitions:Climate ambitions:Basicscene-setambitions:TheBlueOrchardoffer gender-responsive Climate Risk Insurance （CRImanaged InsuResilience Investment Fund (lF）.is partschemes which provide protection for womens anoof the Program Auliance for the G20 InsuResiliencemens differentiated vulnerability to both climateGlobal Partnership launched at COP23 in 2017 as arisks and disaster-inducedwellbeing loss.The lljoint G7G20 and V20 initiative.The lIF was createdhasalready made six investments acrossemergingby Kfwthe German Development Bank，on behalmarkets,helping to protect more than 20 million poorof the German Ministry for Economic Cooperationand vulnerable people from the effects of climateand Development (BMZ).The overall objective is tochange.lt hasthe potentialtoreach between 100andcontribute to climate adaptation by improving access145 million beneficiaries by December 2025.as part ofto insurance in developing countries.The specificawider programme by the G20 InsuResilience GlobalPartnership which eventualy aims to protect moreobjectiveis to build climate resilience by reducing thethan 500 million vulnerable people against the impactsvulnerability of low-income households and microsmall and medium enterprises(MSME)to extremeof climate changeWeatherevents.TheEuropeanInvestment Bank（EIB）announced its investment in the liDFs Debt Sub-Fundin December 2020along with a commitment that 40%of the Funds investments will be in line with the 2XKey takeawaysChallenge Criteria. ensuring women can get improvedIIF isaprime example ofa successfulblendedaccess toclimateinsurancefinance strategy attracting established investorsApproach8impact: The InsuResilience Investmentin both the public and private sectors.includingFund is a public-private-partnership for investorsthe EIB and Soros Economic Development Fundseeking both financial return and socialimpact.Itis a delivery vehicle for the G20 InsuResilienceThe fund invests in companies across the climateGlobal Partnership，which aims to integrateinsurance value bining private debt andequity investments. Led by the InsuResilience Globalschemes and provider types at the macro， mesoPartnership，the lIF seeks to integrate gender-inclusiveand micro levels，and has recently established apractices across its portfolio value chains and productGender Working GroupIGWGto supportstrategicofferingsencouraging collection of sex-disaggregatedimplementation.11data，provision of educational tools and resourcesand gender considerations in decision-making toender#page#CASE-STUDY 9How EBRD activities with the TbilisiTransport Company are drivingpositive climate impacts and arepromoting equal opportunities inthe urban infrastructure sectorType of actor: InvestorInvestmenttype: Private marketdebtbased financingOperatesin:GeorgiaGender ambitions:Climate ambitions:曲Credit Tbilisi Transport CompanyBasicscene-set:Under EBRD Green Cities the BankAmbitions:with the pandemic and economicis working to accelerate the transition to low-carbonfallout from the pandemic placing unprecedentedcities while promoting women and mens equalpressure on cities in 2020.through EBRD Greenopportunities in theinfrastructuresectorA notableCities programme,the Bank is looking to supportset ofinvestments are theengagements with Tbilisiincitiestomaintainservicesandbuild backbetter.WithGeorgia.EBRD is supporting the implementation ofcontinuous lead on with green outcomes.amoreTbilisis Green City Action Plan (GCAP) which identifiedcomprehensive approach is taken with expandedfocus on gender equality smart technologies. andurgent action needed to address the citys priorityrisks and vulnerabilities of citizens and assets.Theenvironmental challenges，one of which is air qualitythrough an engagement with the Tbilisi Transportfocus on promoting gender equality followed theCompany (TTC）.In 2016， the EBRD collaborated withrealisation that women represented an untappedTTC to finance the purchase of low-emissions busessource of talent for the urban infrastructurewitha project extension granted in 2019.In 2020workforce.In 2016，TTCemployed approximatelyEBRD signed a new project with the Green Cuimate5.789 people，about half of whom are in jobsFund GCF） to invest in the modernisation of the Tbilisirelated to public bus transport Only 22% of themmetro system.consisting ofaE75 milion sovereignwere women.The gender gap was the highest inloan， with E65 miuion provided by the EBRD and E10managerial technical and operationaldivisions，million by GCF The collaboration between EBRDsuchasdrivers positions where theshareofwomenisparticularly low.Out of1.441 staff employedasand Tbilisi is an example of howa gender lens can bebrought togreen investments，andin particular howonefemale bus driver.Amongits83managers.onlywomens employment and skills development canbe integrated into green infrastructureinvestmentapproaches and processesenvironmental challenges，EBRD sought to addressthese gaps through a set of specificinitiatives as partofitsinvestmentsende#page#Approach:With the first bus projectEBRD focusedImpact:Underthe Green Cities FrameworkEBRDon supporting TTC to improve gender-inclusivityis working to promote women and mens equalin its HR policies and standards.They introducedopportunities in the infrastructure sectoras well asa tailored equal opportunities action plan to: iaccelerating the transition to low-carbon cities.Acreate better access to employment and trainingnotable set of investments under this Frameworkopportunities forfemalecandidatesandstaffi）aretheengagements with Tbilisiin Georgia.EBRD isimprove internal progressioniii） raise the number ofsupporting the implementation of Tbilisis Green Citywomen employed at the companies.The more recentAction Plan （GCAP）which identified urgent actionneeded to address the citys main environmentalprojects demonstrate an even deeper commitmenttogenderequality:through an enhanced promotiorchallenges.oneofwhichisairquality.throughanofwomensemployment，andalsoacommitmenttoengagement with the Tbilisi TransportCompanybringingagender-lens tosupport thedevelopment ofTTC）.In 2016 the EBRD collaborated with Tbilisi BusCompany to finance the purchase of low-emissionsan inclusive transport strategy for the city. For examplethe metro project will provide commuters with abuses.withaproject extension granted in 2019.Incomfortable andenvironmentally friendly meanso2020EBRD signedanew project with the Greentransport. encouraging residents to shift from privateClimate Fund (GCF） to invest in the modernisation ofthe Tbitisi metro system. consisting ofa E75 millionto public transport and thus reducing air polution. ltwill also promote safety forallin the metro and willsovereign loan with E65 million provided by the EBRDand E10 million by GCEThe collaboration betweenprovide specific trainings for women tobecomemetro driverscan be brought to green investments，and in particularhow womens employment and skills developmentcan be integrated into green infrastructure investmentapproaches and processes.Key takeawayssel uaag aag ubisap anonnselyul bulAodu pue uauKoidua ul sallunaloddo jenba bulseau！programme and the engagement with TTC showcases how dual gender and climate outcomes can beprioritised and achieved in green infrastructure development The projects were designed with robustbaselineassessments alowing genderauditingandastring ofinitiatives thatenhancedtraining opportunitiesand contributed to a cultural shift at the TTC that has had ripple effects across the city of Tbilisi and thecountry of Georgiaende#page#CASE-STUDY 10How Loowatt offers sustainablesolutions to sanitation and energychallengesType of actor: Investee companyInvestmenttype:Privatemarket，debt-based andequity-based financingOperatesin:GlobalGender ambitions:Cuimate ambitions:Credit LooWattin 2020 Loowatt used the SEEDRS platform to attractBasic scene-set8ambitions:Loowatt isawomanled company operating in both the Global Northequity investors through VC crowdfunding.It surpassedand the Global South， offering a sustainable solutionits E750.000targetbyanadditional46%.reachingE1,101,180from 817investors.The Loowatt systemto sanitation and energy challenges. The Loowattinnovation is a toilet that can be flushed withoutoffers a solution for critical temporary infrastructureany water safely disposing of human waste to bewhich is both climate-focused and gender-responsiveSustainably converted to electricity and fertiliser ByIt providesasafeand sustainablealternative tooff-gridtoilets， such as chemical flushing loos at constructionextracting energy and nutrients from waste，Loowattforms part of the circular economy.which aimssites or refugee camps in the Global North，or pitlatrines in areasof rapid urban expansion in theto eliminate waste and pollution from theglobaGlobal South.Positivegenderimpacts from sanitationeconomy while restoring natural systemsprovision include improved health and safety in theApproach8 impacts: Loowatt has obtained seedworkplace，home orcommunity.while positive climateinvestment from multiple sources.including equityimpacts include provision of renewable energy forgrants and an innovation loan of from InnovateUKlighting or charging and improved resiience throughGrant funders include the Bill 8 Melinda Gatesthe reduction of chemical andwaste pollutantsinFoundation.InnovateUK.Unilever TRANSFORM andnatural systems.the Stone Family Foundation.Toobtain the additionalfinanceneeded tomeetescalating customer demandKey takeaways:successfulin attracting investment froma range of sourcesende#page#CASE-STUDY 11DHow the Asian Development Bankis mainstreaming gender in climate-resilient and smart urban waterinfrastructure across mainland ChinaType of actor: Investee companyInvestment type:Privatemarket，debt-based financingOperates in: China （The Peoples Republic of China）Gender ambitions:Climate ambitionsiCredit:Asian Development BankApproach8impacts:The projectisalignedwith ADBSDevelopment Bank ADB） signed a S200 milionStrategy 2030 operational priorities for gender andequivalent loan with Shenzhen Water Group (SZWG）climate.ltwillaccelerate progressin genderequalityand Shenzhen Water and Environment Investmentby implementing an ADB gender action plan andGroup (SZWEIC）. The project will develop andsupporting greater gender inclusiveness at SZWGpromote climate and disaster-resilient smart urbanincluding commitments to increase gender equity inwater infrastructure in the Peoples Republic of Chinathe workforce and decision-making.The project wiintegrating gender mainstreaming into project designleverage SZWGs experience to generate knowledgeand implementation to support inclusive economicon how sponge city and smart water technologiesgrowth.Climate resilience and improved conservationpromote increased resilience of women toclimateand management of water resources are emergingchangeanddisasters.Theprojectwilltackleclimatenational priorities in China. This is a result of highdemandandstress on water systems,heightened bysustainability by supporting the development ofclimate change impacts such as flooding and droughtspongecityurbanwaterinfrastructure.Thissystemas well as pollution of aquatic ecosystems. SZWGhelpscities manageandmaximisewater resources toand flooding and release storedwater for reuse.SZWGimprove their long-term resilienceusing smart watetwill apply innovative smart water solutions throughoutmanagement to accelerate the transition towards morethewatervalue chain to reduce power consumptionsustainable water consumption.andwaterlosses，improveoperationalefficiency.andenhance water quality.Key takeaways:Through this collaboration SZWG andADB seektosharethe benefts ofresilientandsmartwatermanagementandlong-standing engagement with the water sector in China.and aims to disseminate knowledge to promote regionalosaas pafold slu suoono anlsodaulannaseu aem Heuus pue ueliselaeul uo buluealeqoib pugenerate for gender equity. climate and environment are aligned with ADBs commitments to achieving a prosperousinclusive， resilient, and sustainable Asia and the Pacific.whilesustaining iits efforts toeradicate extreme poverty.#page#CASE-STUDY 12Providedatscale,this capability will beessentialtoHow ChargerHelpl Is tackling athegrowth inEVcharging infrastructure over thenextclean transport transition challengedecade.ChargerHelp! has a diverse,female-led foundingteamand is raising a S1.5 million seed round to driveType ofactor:Investee companycustomeracquisition，open up new regionalmarkets，andInvestmenttype:Private market,debtbasedand equity-build the next generation ofits technology to extenditsbased financingmarket leading positionOperates in North AmericaThe company was launched in January 2020 after it hadsecured S400K in funding. including S100K from MIT.Gender ambitions:Climate ambitions:S100k in in-kind donations from ServiceNow.A portfoliocompany of both the Los Angeles Cleantech Incubatoand Elemental Excellerator.it has trained 60 overtechnicians and aims to scale to six markets and 10,000ChargerHelpl offers a workforce development solution tocharging station contracts by the endof2021.Inadditiona clean transport transition challenge across developedto offering an important transport infrastructure solutionand emerging markets.It solves the increasinglyforthe low-carbon transition.itoffers inclusive trainingwidespread problem of broken electric vehicleopportunities for women in workforce development.andcharging stations by providing on-demand repairs andimproves the safety and security of women travellingmaintenance support from trained local workforces.CASE-STUDY 13How Tridi Oasis is contributing toinvesting in a company run by two female entrepreneursthe credit guaranteefrom DFC is in line with its 2Xthe circular economy and buildingChallenge commitments. With the provision of non-sustainable jobsfinancialservices.Circulate Capitals partners willalsohelp Tridi Oasis in scaling and connecting with theType of actor: Investee companysupply chains of global manufacturersInvestmenttype: Private marketdebtbased financingOperates in: IndonesiaThe company builds environmental resiience byrecycling locally sourced plastic waste encouragingresponsible waste management in localcommunitiesGender ambitions:Ctimate ambitions:and reducing the amount of waste ending up in landfillswaterways or oceans.It creates sustainablejobs forcommunities along the waste management value chain.and advances the circular economy by producing highquality recycled materials for sustainable manufacturingThe firm processes approximately 60 milion PETrecycting company based in Jakarta， Indonesiabottles per year and works with the local supply chainEstablished in 2016,TridiOasis specialises in recyclingto separate plastic waste and distribute the rPET flakesPET bottles (common plastic bottles） into recycled PETto FMCG companies and textile producers. in the longflakes (rPET）. which can be transformed into sustainabletermTridi Oasis plans to expand its business activitiespackaging and textiles.In April 2020 it was announcedstrengthen the business model and replicate it in otherlocations to scale environm#page#CASE-STUDY 14 DHow responsAbility is making theirAs the climate fund is already an operating fund. theupfrontinvestment criteriaormandateofthe fundwasenergy access fund gender-smartnotchanged. Rather agender lens was applied on topofthe existing investment strategy.Sowhile thereareType of actor: Investornotgender criteria for investment.the team will collectInvestmenttype:Privatemarket,debtbasedfinancingrelevant and meaningful gender specific informationOperatesin:Sub-Saharan Africa and South andduring the due diligence process.They wil assess theSoutheast Asiainformation to identify the key gaps and deficiencies.Gender ambitions:Climate ambitions:not.Thereafterthey will work togetherwith the portfoliocompanies to include targets via a Gender Action Planto meaningfully improve their gender baselines.Finally.the team will track these metrics regularly and use themasa basis for continued dialogue with companies orresponsAbility Investments is aleading Swiss sustainableadvancing their gender outcomes.In fact,resposnAbityasset manager with over USD 3.5 billion in assets underhas already startedto provide support to existing portfoliomanagement （AUM）.In 2020.they brought into actioncompanies to implement their Gender Action Plans viaa growing commitment to focus on gender at their firmtheir Technical Assistance facility.and within theirinvestment process.To that endtheylt was critical to integrate gender into the teams existingembarked on a pilot to apply a gender lens into one oftools and processes.“The implementation teamwastheir climate funds- a private debt fund addressing lackacutely aware during this process that our investmenofaccess to clean power primarily in Sub-Saharan Africaofficers already have a lot on their plates.Our team isand South and South-EastAsia，Theteam worked withdedicated.working long hours.trying to makedealsleading impact and gender advisors Catalystat Largework. For those in the know. closing clean energy dealsand Sagana to create a tailored gender-smart investingin emerging markets can beatough gig.And now thereframework to promote the advancement of gender equitywillbeadditionalinternal processes.Howevereveryoneand other social and environmental outcomes for theagrees that including a gender framework is a must.benefit ofits businessesshares Monya Bassingthwaighte Senior InvestmentresponsAbility managementatalllevelshasbeenOfficer in the Climate Finance teamunequivocally supportive ofthisinitiative from the dayWhile itis still early in the implementation.one tangibleofinception， but did not have the resources or deepoutcome of the pilot has been the funds qualificationexpertise toget started quickly.Therefore，they workedforthe 2X Challenge.The fund qualified by meeting thewith Catalyst at Large and Sagana to synthesize genderEmployment Criteria with at least 50%of its portfoliolens frameworks,key field initiatives and research tocompanies actively improving and providing qualityunderstand what was most appropriate and i#page#三Belowisa non-exhaustive list of privateequity,venture capitaland privatedebt fundswhich in 2019 had both an explicit climate and explicit gender lens.This data is takenfrom Project Sage 3.0一NESST-Ada Ventures-AiiM Partners Next Wave Impact-Alante Capital Management- Nordic Impact Funds-AlternaOmnivore- PGIM Real Estate-AWE（Achieving Women Entrepreneurs） Funds-Babel Ventures-Root Capital- Calvert Impact Capital- SanariCapital- Circulate Capital- SoGal Ventures-DBL Partners SOSV- Development Partners InternationalSustainvC- The 22 Fund Management- Fledge- GoBeyond Ventures-Rising TIde EuropeTrue Wealth Ventures Urban Innovation Fund-Impact BridgeImpact First InvestmentsVictus Global-1GP-VilCap InvestmentsVIWALA-Janngo- Karmijn Kapitaal- Voulez Capital MiLA Capital-WOCstar Fund- Moonshot Ventures YellowdogVGenderSmart Gender8 Climate Working Group members- Chintal Barot CoSustain ConsultingFacilitators:Dana Barksy.Credit Suisse- Suzanne Biegel GenderSmart Investing Summit-Monya Bassingthwaighte， ResponsAbility- Sophie Lambin Kite InsightsInvestments AGSteering Committee:-Smita Biswas,ASEAN LOWCarbon Energy Programme- Rebecca Fries，Value for Women-May Boeve,350.org- Tracy Gray The 22 FundCarey Bohjanen Sustainable Finance Advisory- Susan Gibbs.Wallace Global FundDr.Christin ter Braak-Forstinger Chi Impact Capital- Kristin Hul Nia CommunityJen Braswell. CDC Group- Gilles Pascual UK Prosperity Fund ASEAN Low Carbon-Jennifer Buckley,SEAFEnergy ProgramandErst Young-Margo Buchanan，SolarRise-Tim RadjyAlphaMundi GroupLauren Burnhill One Planet Ventures: Emerald Peak-Rachna Saxena.Dalberg AdvisorsPrivate Equity- Marijn Wiersma. CDC Group- Bridget Burns，WeDo-Sarah Butler-Sloss，Ashden TrustActive Members- Deborah ChristieCambridge Associates- Carlos Aguilar Hewlett FoundationJulie Cobill Unilever-KayleneAlvarez,Athena Global Fund- Paula Alvarez. Phiippines Department of Finance-BrandiDeCarliFarm Froma Box-Anne-Amanda BangasserTreehouse Investments- Michelle Demers. Boundless ImpactJoy Anderson 8 Christina Madden. Criterion Institutestrategy forunlocking#page#Jenny Everett 8 Richenda Van LeeuwenAspen Bjoern Struewer Roots of ImpactNetwork of Development Entrepreneurs (ANDE-Annelise Thim BSR-lrish FeAguilar8 Sani Zou and Calvin QwekAIIB-JackieVanderbrug.BankofAmerica Merrill Lynch-MoaWestman，European Investment Bank- Lauren Fernstandig. The Nature Conservancy-Andrin Fink.Swiss Agency for Development andYasmina Zaidman.AcumenCooperation SDC- Ellen Friedman 8 Emilie Cortes，Compton Foundation-Julie Gorte，ImpactAssetManagement PaxWorld Funds- Adhiti Gupta， Convergence Blended FinanceJeannette Gurung.WOCAN (Women OrganizingManagement-Ahmed Aslam，SaganaPrajna Khanna,Signify Foundation-Anne Kuriakose，Climate Investment Funds- Dana Lanza S Edie Farwell Confluence Philanthropy-Aix LeBec，Water Equity- Ingrid Leong 8 Mira Oreck Houssian Foundation- Anne Marie Levesque 8 Charles Benoit FinDev Canada Aleksandra Liaplina，IFC- Shelly Martin， ICRW-Pauline Mbayah，AMSCOAnoushka Mehta，HSBCSharron McPherson.Women in InfrastructureDevelopment 8 Energy (WINDE）- Katherine Miles KatherneS Miles Consulting- Melissa Murdoch- Mil Niepold. The Mara PartnersDr. Dorothy Nyambi8 Jessica Villanueva MEDA- Stephanie Oueda Cruz,IDB Invest-Hedda Pahlson-MollerTiimeMaria Pateguana，ADB- Rachel Payne， Full Cycle Fund- Jameela Pedicni， Bloomberg LP-Vikram Raju8 Courtney Thompson，Morgan Stanley-Barbara Rambousek8 Oksana Pak 8 Eva Bernard 8Sunita PitamberEBRD Vanessa Roanhorse Roanhorse Consulting Christine Roddy 8 Lisa Willems, AlphaMundi Group-Michele Saban， R20- Tara Sabre Colier Shell Foundation- Marco Serena PIDG-Ajaita Shah，Frontier Markets- Shally Shanker AiM Partners-Yuri Soares,IDB LabMargaret-Ann Splawn，Climate Markets Investment Association- Karen Stefiszyn, USAIDs Power Africa Off-Grid-Callie Strickland. The B Team#page#Endnotes27.Criterion Institute.Our History.AccessedherKaplan.sVanderbrug.（2014.ThAccessed here30.Christie，D.（2020.March13）.GenderLensInvestirUNFCCC.2020,September 21）.Commitments to Net Zero Double iOpporder Equity.AccesLessThanaYear.Accessednere31.Cuimate Policy Initiative.（2019.GlobalLandscape of ClimateIFC.2017.April）.IFCsDefinitioftheLandscaAcce5EBRD.2011.TheEBRDandadaptationtoclimatechange33.VerisWealthPartners.ParalleleFinanceSagana，andCatalysatLargeninVenture CapiAccessed here，n.2020.July）CRCClimAccessedhere.EBRD.JuStTransition.AccessedhereAccessed here10.PlanInternationalEffectsofCimateChangeonGirsRightsPeace Foundation.2020.July.GenderLens InvestingLandscape.Accessedhereme.UN Women. UNDPFinance.Accessed hereabilityancClimateIrvestment Funds.（2014）.InShort:CIFGenderI4EqualityFund.Accessedhere3.aGlobal Financial Risk.Accessed here45.CalvertImpactCapital.2018.December.JustGoodling.（2020）.SustainableReality:2020Update.Accessedherecessed hereUNOPS.（2020.July 01.Infrastructure forGenderEqualityand the中47.The SasakaEmpowermentofwomen.Accessed hereand Cuimate Innovation.Accessed hereTask Force onClirate-Related Financial DisclosuresAccessMcEhaney.KMobasseri.S.（2012.October.woAccesseValuepdf21.Deloitte.(2011）.ThcasefonentAgency.（2019）.TrendsOECD DAC Network onGender Equality (GENDERNET）.（201622.natepledges:Five23.KlLG.2018.Juy11neRemarkableRiseofESG.Accessedher2.JoyAndersonCriterio52.RE100.（2020.December.Growincompaniesworkshop.October 202025.ClimateInvestent Funds.2014）.InShort:CIF Gender ReviewAccessed here2025.Accessedhere14.2020-AsseAccessedhere.
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