Intersections between Gender Inclusive Finance & Inclusive Green Finance
There is a pressing need to promote regulation and policies that strengthen women’s adaptive capacity and resilience to environmental change and empower women to take part in climate action and environmental-related decision making.
“Women are most impacted by climate change, COVID-19 and existing structures. However, if we empower women, they can become critical agents for change not only for their families but also their communities.” Elsie Addo Awadzi Second Deputy Governor, Bank of Ghana Chair, AFI GIF Committee
To ensure gender inclusion in IGF policymaking, it is important that the development processes and the policies are gender-sensitive and developed in consultation with women.
When viewed through a gender lens, AFI’s 4P Framework (Promotion, Provision, Protection and Prevention policies) positions women at the center of economic development.
Promotion Policies: Gender sensitive community consultations with local gender experts is key to ensuring women’s needs and realities are reflected in policy development.
Provision Policies: Stakeholders should work to ensure that qualified beneficiaries include women and girls and that selection processes does not discriminate gender but takes a gender-sensitive or gender transformative approach
Protection Policies: A gender-sensitive approach to protection includes putting in place targeted schemes and measurement frameworks, and ensuring women have equal access to risksharing and social protection mechanisms.
Prevention Policies: Financial regulators are enacting Environmental (and Social) Risk Management (ERM or ESRM) Guidelines, often with gender-specific sections, to proactively assess and address the social and environmental externalities and risks
Learn more about AFI’s Denarau Action Plan and Sharm El Sheikh Accord