Fabuk MagazineFabuk Magazine
    21st Edition
    FabUK Magazine 21st edition featuring daniel craig
    What's Hot

    SCOOP GETS OFF TO A FLYING START ON ITS FIRST DAY

    29 January 2023

    THE ROCK HOUND returns to SELFRIDGES ethical & sustainable jewellery pop-up

    29 January 2023

    RITA ORA RELEASES BRAND NEW SINGLE “YOU ONLY LOVE ME”

    27 January 2023
    Facebook Twitter Instagram
    Fabuk MagazineFabuk Magazine
    • Fashion

      THE ROCK HOUND returns to SELFRIDGES ethical & sustainable jewellery pop-up

      29 January 2023

      JUANA MARTIN SS23 Couture during Paris Haute Couture Fashion Week 2023

      27 January 2023

      WHSKY LABEL RELEASES NEW LIMITED EDITION DROP

      27 January 2023

      Hany El Behairy at Oriental Fashion Show during Paris Haute Couture Fashion Week 2023

      25 January 2023

      WALTER VAN BEIRENDONCK AW23 SHOW “We need new eyes to see the future”

      24 January 2023
    • Events
      1. Art
      2. Festivals / Shows
      3. Film festivals
      4. Theatre
      5. Sports
      6. View All

      A must-see, Banksy!

      11 January 2023

      SAATCHI GALLERY REVEALS ARTIST LINE-UP FOR ITS MONUMENTAL GRAFFITI & STREET ART EXHIBITION, BEYOND THE STREETS LONDON

      10 January 2023

      SINGAPORE ART WEEK 2023

      19 December 2022

      George Westren: On the straight and narrow 6 – 25 January 2023

      12 December 2022

      SCOOP COMES HOME – DOORS OPEN AT THE SAATCHI GALLERY THIS SUNDAY

      27 January 2023

      Moda’s Inaugural New Jewels Bursary Announces Finalists

      26 January 2023

      EE BAFTA Rising Star Nominees 2023 Announced

      17 January 2023

      Brighton Dome hosts a UK dance premiere, hip-hop celebrations, big-name artists and free classical concerts for younger fans this Spring

      5 January 2023

      Congratulations to the films in the Official Selection that have been nominated for the 2023 César Awards!

      26 January 2023

      The Official Selection of the Festival de Cannes at the Oscars 2023

      25 January 2023

      43rd Annual London Critics’ Circle Film Awards Nominations

      15 January 2023

      World War III Star and Venice Film Fest Winner Mohsen Tanabandeh Nominated in Asian Film Awards

      6 January 2023

      Heathers: The Musical – West End stage hit is coming to UK cinemas this March!

      26 January 2023

      World Premiere – UniVerse: A Dark Crystal Odyssey by Company Wayne McGregor

      25 January 2023

      Pam Tanowitz returns to The Royal Ballet

      20 January 2023

      George Takei’s Allegiance Review

      19 January 2023

      Extreme E offers ‘greatest job in the world’ opportunity

      18 January 2023

      Families encouraged to get active during FIFA World Cup with #HalfTimeChallenge

      4 November 2022

      Modibodi has teamed up with PUMA to develop NEW period proof leggings and cycle shorts.

      26 October 2022

      Extreme E joins forces with PANGAIA on limited edition race capsule

      6 October 2022

      SCOOP COMES HOME – DOORS OPEN AT THE SAATCHI GALLERY THIS SUNDAY

      27 January 2023

      IEG: A GLOBAL SIGEP CAME TO A CLOSE IN RIMINI (ITALY)

      27 January 2023

      STEVEN PASSARO FALL-WINTER 23 COLLECTION WATERBOYS

      27 January 2023

      JUANA MARTIN SS23 Couture during Paris Haute Couture Fashion Week 2023

      27 January 2023
    • Film

      BABYLON Cast attends the UK Premiere of “BABYLON” at BFI IMAX Waterloo on January 12, 2023

      26 January 2023

      New films opening this week – January 27th

      25 January 2023

      New films opening this week – January 20th

      20 January 2023

      New Films Opening this week & FAB UK Reviews

      13 January 2023

      New films opening this week January 2023

      6 January 2023
    • Music

      RITA ORA RELEASES BRAND NEW SINGLE “YOU ONLY LOVE ME”

      27 January 2023

      RUSS MILLIONS RELEASES NEW SINGLE ‘DETTY’ & ANNOUNCES MIXTAPE ‘ONE OF A KIND’ OUT 24TH FEBRUARY

      27 January 2023

      THE KID LAROI RELEASES “LOVE AGAIN,” THE FIRST SINGLE FROM UPCOMING PROJECT THE FIRST TIME

      27 January 2023

      P!NK RELEASES MUSIC VIDEO FOR NEW SINGLE “TRUSTFALL”

      27 January 2023

      Sandrayati releases new single ‘Vast’ featuring Ólafur Arnalds, inspired by a woman’s menstrual cycle

      26 January 2023
    • News
    • Interviews
    • Travel

      What’s New In Florida’s New Smyrna Beach For 2023

      12 January 2023

      What to Do on a Staycation in the UK

      23 December 2022

      Best Things to Do in Split, Croatia

      23 December 2022

      Sheffield’s Top Attractions

      7 December 2022

      Places to go for Some Winter Sun

      25 November 2022
    • Store
    Facebook Twitter Instagram YouTube
    Fabuk MagazineFabuk Magazine
    You are at:Home»News»EIB and international partners promote gender equality: New guide for gender-smart climate finance on Gender Day at COP26
    News

    EIB and international partners promote gender equality: New guide for gender-smart climate finance on Gender Day at COP26

    9 November 20215 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter Pinterest WhatsApp Email

    CDC Group, the UK’s development finance institution, the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB), are joining forces under the framework of the 2X Climate Finance Task Force to promote gender equality and women’s empowerment in climate finance investments.

    The international partners presented their new toolkit, the Gender-Smart Climate Finance Guide, on behalf of the 2X Collaborative, a new global industry body for gender-lens investing, at the COP26 Climate Conference in Glasgow today.

    Alignment with the Paris Agreement presents an estimated US$ 23 trillion of climate investment opportunity in developing countries, according to the International Finance Corporation (IFC). However, about 85 percent of women-owned businesses remain unserved or underserved financially, equivalent to a US$ 1.7 trillion financing gender gap.

    Research also shows that companies with better gender diversity on boards are more likely to reduce the intensity of energy consumption, greenhouse gas emissions, and water use.

    Climate investments with a gender lens can generate revenues for investors and bring significant benefits to women, by mitigating risk, driving value addition and amplifying gender impact and equality.

    As the focus of COP26 turns to the impact and role of women as leaders of climate action, the Gender-Smart Climate Finance Guide, provides guidance, tools and analysis and case studies to support investors in identifying investment opportunities and mitigating risk in gender and climate financing. Gender-smart climate finance aims to address gender disparities and better inform investment decisions, leading to enhanced business outcomes and inclusive economic growth and women’s empowerment during the transformation to net zero economies.

    “Women are agents of change and at the forefront of climate action globally. A growing body of evidence shows important synergies between gender equality and climate action, making a strong case for investments which are both climate-smart and gender-smart. The 2X Collaborative offers a peer learning and co-investing platform for the spectrum of investors to move the needle on gender and climate action through investment practice,” said Jessica Espinoza, Co-Chair of the 2X Collaborative.

    Amal-Lee Amin, Director, Climate Change at CDC Group said: “Gender-smart investing and climate finance should be considered together to maximise potential impact. Women bear the brunt of the climate emergency and it is women who will have the greatest role in supporting communities and economies in adapting and becoming more resilient to its impacts.”

    Barbara Rambousek, EBRD Director for Gender & Economic Inclusion, said: “The EBRD promotes investments that support environmental sustainability and gender equality. Indeed, sustainable climate impact cannot be achieved without the recognition of women as change-makers and leaders that are central to creating innovative solutions. Therefore, sustainable and gender-smart climate finance lies at the heart of the Bank’s new strategies on gender and equality of opportunity. With our partners and investors, we are proud to launch the new Toolkit which helps turn this aspiration into practice.”

    EIB Vice-President Ambroise Fayolle, said: “Climate change and environmental degradation hit women harder, especially in low-income countries. However, women can play a bigger role in building a green economy. The guide that we are launching today is a precious tool to help investors apply a gender lens to their climate investments. Such investments are key to accelerating development and reducing poverty, which are at the heart of the EIB’s mission as the EU Bank.”

    The Gender-Smart Climate Finance Guide comprises 11 sector specific and thematic guidance notes outlining how investments can deliver climate mitigation and/or adaptation outcomes, while promoting gender equality and women’s empowerment. The sectors covered include water, transport, climate mitigation and adaptation, biodiversity and green jobs.

    The 2X Climate Finance Taskforce is an initiative of the 2X Collaborative, a new global industry body for gender-lens investing, designed to serve investors making their first gender-focused investment as well as investors at the frontier of this field. The 2X Collaborative was formed by the members of the 2X Challenge, and Multilateral Development Banks, in partnership with the GenderSmart investing initiative, with the goal to expanding gender-lens investing practices to a wider group of commercial investors.

    The 2X Challenge was founded by the Development Finance Institutions (DFIs) of the G7 group of nations as a call to action to shift more capital to investments that empower women in developing countries to access entrepreneurship and leadership opportunities, quality jobs, and products and services that enhance their economic participation. After surpassing its original target by 100 per cent, the 2X Challenge committed to raise US$15 billion for gender-lens investment by the end of 2022.

    The Gender-Smart Climate Finance Guide was also supported by the Climate Investment Funds (CIF) and the Green Climate Fund (GCF) through the EBRD.

    It builds on the COP25’ Enhanced Gender Action Plan, and a new work stream, focused on raising awareness and increasing the amount of climate finance available to women, from both public and private entities.

    2x challenge Bank EIB EU European European Investment Bank gender Gender Day gender equality gender investment Investment The EU bank

    Related Posts

    4 Mins Read

    SCOOP GETS OFF TO A FLYING START ON ITS FIRST DAY

    29 January 2023 News
    2 Mins Read

    SCOOP COMES HOME – DOORS OPEN AT THE SAATCHI GALLERY THIS SUNDAY

    27 January 2023 Events
    2 Mins Read

    FASHION’S NEW MUST-HAVE – BOOHOO TO HOST ETHICAL FASHION PANEL AT SOURCE FASHION

    26 January 2023 News
    4 Mins Read

    PURE LONDON LAUNCHES SUSTAINABILITY TOOLKIT TO SUPPORT INDEPENDENT RETAILERS

    23 January 2023 News
    Don't Miss
    Accessories

    THE ROCK HOUND returns to SELFRIDGES ethical & sustainable jewellery pop-up

    29 January 20234 Mins Read

    THE ROCK HOUND RETURNS TO SELFRIDGES WITH LA MAISON COUTURE’S ETHICAL & SUSTAINABLE JEWELLERY POP-UP…

    JUANA MARTIN SS23 Couture during Paris Haute Couture Fashion Week 2023

    27 January 2023

    WHSKY LABEL RELEASES NEW LIMITED EDITION DROP

    27 January 2023

    Hany El Behairy at Oriental Fashion Show during Paris Haute Couture Fashion Week 2023

    25 January 2023
    Stay In Touch
    • Facebook
    • Instagram
    • Twitter
    • YouTube
    Fabuk Magazine ISSUE 20 featuring Meryem Uzerli
    Fabuk Magazine
    Facebook Twitter Instagram YouTube Pinterest
    • How to get FabUK
    © 2023 All right reserved

    Type above and press Enter to search. Press Esc to cancel.