Innovative finance is emerging as a powerful tool for harnessing private sector capital to advance gender equality and women’s empowerment but remains limited in its scale to date due to challenges inherent in innovation. Philanthropic actors can help overcome these barriers and play a catalytic role in enabling innovative finance to reach its true potential in creating gendered impact. Using three case studies of innovative financial mechanisms that are applying a gender lens across Asia, Impact Investment Exchange (IIX) illustrates how innovative finance can create gendered impact and how philanthropic actors can use their resources to support the development of such funding mechanisms.
The annual Business for Peace Summit brings together leaders from around the globe across business, society and politics, to advance their vision: business leaders must be “businessworthy,” i.e. they must work in an ethical and responsible way to create value for both business and society. This May, IIX’s founder, Prof Durreen Shahnaz, was invited to receive the prestigious 2017 Oslo Business for Peace Award.