GENDER 2X


ABOUT THE GENDER 2X CHALLENGE

  • The 2x Challenge was launched by the G7 Development Financial Institutions (DFIs) in 2018 during the G7 conference
  • It is a commitment from the G7 DFIs and others to collectively mobilise $3 billion to improve women’s access in developing countries to leadership opportunities, quality employment, finance, enterprise support, and other products and services that enhance economic participation
  • $2.47 billion has already been mobilised and committed as of August 2019
  • An organisation needs to meet at least one of the 5 criteria to qualify as a “2X investment”

HOW TLG COF FULFILS THE 2X CRITERIA

  • TLG COF fulfils criteria 5 – “Investments through financial intermediaries”
  • 50% of TLG COF’s companies meet Direct Criteria 2A (Women in Senior Management)
  • 50% meet Direct Criteria 4 (Consumption). Consumption refers to products or services that specifically or dis-proportionally benefit women

TLG'S GENDER GOALS


  • Incorporate gender equality into its deal sourcing and diligence process by favouring companies which perform in line with the Gender 2x criteria
  • Include gender equality issues in the gap analysis it provides to each investee company
  • Ensure the TLG COF team works with the portfolio companies to include gender equality in their Environmental and Social Management Systems (ESMS)
  • Monitor gender dis-aggregated data and/or 2x indicators