We’re building inclusive, equitable environment jointly’

City Desk  :

In a move to unite leading businesses and spur greater action on women’s employment across industries in the private sector, a flagship network ‘Partnership for Women’s Employment: The Business of Equity,’ was launched on Wednesday.
The International Finance Corporation (IFC), in partnership with European Union funded program Accelerating Climate Smart & Inclusive Infrastructure in South Asia (ACSIIS), and the Metropolitan Chamber of Commerce and Industry (MCCI), launched the program, reports UNB.
Women should be proud of PM Hasina for her capability, leadership: India’s President The two-year partnership will act as a catalyst for economic growth and inclusion, helping empower women across Bangladesh. Women comprise one-third of the country’s workforce, with only 4 percent of businesses having women in top management.
Care responsibilities, access to jobs, mobility limitations, and social norms are key barriers to women’s economic participation. Closing these gender gaps can add up to $30 billion to Bangladesh’s gross domestic product (GDP).
“The business case for increasing women’s participation in the workforce is irrefutable. Inclusive businesses have better financial performance, talent retention, reputation, and investor confidence,” said Zareen Tasnim, Program Lead, Partnership for Women’s Employment, IFC, Bangladesh.
“This partnership – a first of its kind in Bangladesh – will help equip businesses with practical knowhow on closing corporate gender gaps while contributing to companies’ bottom line, productivity, and growth, leading the way for a thriving private-sector anchored in equity and inclusion.” Brac Bank, DIU join hands to advance women entrepreneurship
Global research indicates that women’s economic participation in the private sector yields better financial results, greater innovation, and push for improved company culture.
For instance, companies with gender diverse boards generate over 50 percent higher return on equity and over 65 percent higher return on investment.