What gets measured gets managed:
A Discussion on Transparency to Advance Women’s Economic Empowerment in Business
13:00 – 14:30 (Bangkok time, GMT+7), 2 June 2021
Organised by the United Nations Entity for the Empowerment of Women (UN Women)
This session will be co-organized by UN Women’s WeEmpowerAsia programme, which seeks to increase the number of women who lead and participate in business in Asia, and ILO’s Responsible Supply Chains in Asia Programme , which aims to further sustainable and inclusive economic, social and environmental progress by integrating responsible business practices into the operations of multinational companies and their supply chains. Both programmes are funded by and in partnership with the European Union and have a common interest in advancing women’s rights and empowerment across value-chains.
Gender diversity in companies´ workforce and leadership improves innovation, cost savings, productivity, resilience, market growth and brand reputation The private sector is also pivotal in leading a gender-responsive, post-pandemic recovery. The private sector’s reach makes it uniquely positioned to provide women with greater economic and social empowerment, the benefits of which ultimately impact the family, workplace, and community. With this in mind, the UN Global Compact’s Women’s Empowerment Principles (WEPs) were created in 2010 to engage the private sector in closing gender gaps in 7 key areas: gender-equal corporate leadership; gender equality in the workplace; employee health and safety; educatio and training for women; enterprise and supply chain development; equality through community advocacy; measurement and reporting.
Seeking to gain a comprehensive understanding of the current landscape and generate recommendations for enhanced action, UN Women and ILO developed a joint research piece, ‘Ecosystem Landscaping to advance the Accountability to implement the Women's Empowerment Principles (WEPs) in ASEAN.’ The report seeks to provide policymakers, companies and advocacy organizations from the ASEAN countries with guidance, good practices, and an individual country scorecard based on a developed ‘WEPs Public Policy Roadmap’ that maps the current status of WEPs-related policies and regulations. In addition, it also provides guidance on how to create more transparency in the private sector through public reporting. To guide reporting, UN Women has created the WEPs Transparency & Accountability Framework, developed using recommendations from the research and aligned with global benchmarks for gender reporting. The Framework provides businesses a comprehensive set of gender equality indicators aligned to the thematic areas of the WEPs, but also delineates a set of essential indicators most likely to advance progress on gender equality.
This session will officially launch the research ‘Ecosystem Landscaping to advance the Accountability to implement the Women's Empowerment Principles (WEPs) in ASEAN’ . The research and the session will have has strong focus on regulators, policy makers and companies aiming to have a conversation on greater transparency through measurement and reporting of gender data. Panelists will demonstrate the business case for transparency, highlight best practice examples, and detail the steps that regulators, stock exchanges , industry associations and companies around the region could take to advance gender reporting and transparency in their countries and ultimately contribute to a sustained gender-inclusive recovery.
Create a common understanding on how public and private sector can collaborate to advance Women’s Economic Empowerment through the Women’s Empowerment Principles (WEPs) and increase commitment, implementation and reporting on the WEPs;
Raise awareness of existing public policies, regulatory frameworks in ASEAN that support gender equality; how they can be strengthened;
Spotlight private sector commitment towards transparency, measurement and reporting of gender indicators and provide concrete examples of how companies can incorporate and enhance reporting on gender data;
Mobilize collective actions to advance more accountability and transparency on women’s economic empowerment whilst yielding economic and societal gains.
The researcher and panelists will reflect on the following questions:
Where are currently the gaps and opportunities to advance Women’s Economic Empowerment in business?
How will increased accountability and transparency through clear reporting indicators (as stated i.e. in the new Global WEPs Framework) benefit women, business and society?
What role does transparency and accountability play for Asian companies operating in a global economy ?
What role do regulators and Stock Exchanges can play in creating an enabling environment and incentives to increase accountability and transparency among the private sector?
How can we advocate with policymakers to enchance existing legislation on gender equality?