United Nations Sustainable Development Goals Conference Speech, May 2016
FLOW Summit Co-founder Danielle Kayembe
Globally, women are disproportionately affected by economic inequality. How can we use innovation and create new models to improve women's full inclusion in economic activity? Announcing the FLOW (First Ladies of the World) Summit on Women's Economic Empowerment. Our mission is to transform how funding for women is determined, allocated and accessed.
Women and Financial Inclusion: Gender Equality, Social Impact and Global Access to Capital for Women
1. .
United Nations
Sustainable Development
Goals for World
Development
Conference
May 23, 2016
Women and Financial Inclusion:
Increasing the FLOW of Women’s Global Access to Capital
Danielle Kayembe, Co-Founder FLOW Summit
www.flowsummit.org
2. UN SDG Conference
In 2015, The United Nations
announced 17 Sustainable
Development Goals (SDGs) to end
poverty, fight inequality and injustice,
and tackle climate change by 2030.
3. 3
Call to Action
“The empowerment of the world’s women is a global
imperative.
Yet despite important progress in promoting gender
equality, there remains an urgent need to address
structural barriers to women’s economic empowerment
and full inclusion in economic activity.
If the world is to achieve the Sustainable Development
Goals, we need a quantum leap in women’s economic
empowerment.”
-UN Secretary General Ban Ki-Moon,
-WEF Davos, January 2016
4. 4
Gender Equality…
Although the conversation on gender equality has
taken center stage at countless conferences and
gatherings --
There is still an unacknowledged need to address the
underlying structural barriers to women’s economic
empowerment and their full inclusion in economic
activity
5. Globally, women are
disproportionately affected
by economic inequality
A few stunning facts:
• women constitute a larger majority of the world’s
working poor a disproportionate 70%
• women earn 24% less than men globally
• 75% of women’s work in developing countries is
informal, unprotected and often times dangerous
• women do an average of 4.5 hours of free labor
globally, and in developing countries women do
10 times more work than men
• only two cents of every development dollar
actually goes toward programs for girls
5
6. In the developed world…
Women don’t fare much better:
• women earn 24-40% less than their male
counterparts, based on gender and race
• women are poorly represented in executive
roles, comprising 14.6%
• only 4.6% are CEOs
• women are less than 15% of entrepreneurs
funded by venture capitalists
• with over 100,000 funds globally and less than
100 are women-run
6
7. Despite their lack of
representation…
• Studies have shown that when women are in
senior leadership, companies perform better and
funds perform better with women at the helm
• According to a McKinsey study addressing
women’s lack of financial access can unlock an
additional $28 trillion in the world economy
7
8. Where are women’s
voices…?
• Women’s voices are absent in shaping the
global agenda in politics and business
• Women’s voices are underrepresented in
high profile global conferences such as
World Economic Forum at Davos
• In 2016, female attendance at Davos
peaked at 18% this year (up from 15% in
2014)
8
9. 9
Old Challenges and New Innovations
• So women are the majority of the world’s poor,
receive the least allocation in development funds &
poor access to capital. Women’s voices are shut out
of steering the global decision-making bodies that
drive these decisions
• Current efforts to advance the agenda on gender
equality aren’t sufficient to achieve the SDGs – we
will need a quantum leap in women’s economic
empowerment
• We believe this can only be achieved through a new,
innovative financial model designed to spark
change in a newly collaborative fundamental
manner
10. 10
FLOW MODEL
FOR INNOVATION
____________
We are announcing that we will
soon launch a financial
inclusion initiative that will
dramatically transform how
funding for women and girls is
determined, allocated and
accessed.
11. 11
• FLOW: First Ladies of the
World Summit
• FLOW Women’s Economic
Empowerment Summit, will
map out global empowerment
for women in a way which
brings about a unique and new
model for increasing access to
capital for women worldwide
• The FLOW consortium model
will initially include working
gatherings
• The first will be held next year
in May 2017 on the island of
Antigua & Barbuda, who will
generously host the inaugural
event
The FLOW Model
12. This is our chance and our time, to be bolder, to be fearless, and to try something new for the
greatest good and for the most sustainable benefit possible.
We must think differently in order to innovate and make a better future possible for women
around the world.
13. 13
The Team
Pilar Stella, Strategy, Partnerships & Funding
Danielle Kayembe, Partnerships & FundingJoy DiBenedetto, Global Strategist & Media
Patrick Sciarratta, Manager & Special Advisor
• Founder/CEO of the global media
agency HUM: Human Unlimited
Media; international wire service
HUMNEWS and its parent
company Digest Media Group.
• Immediate Past President/CEO of
the Nobel Peace-prize nominated
global non-profit ‘Friendship Force
International’
• German Marshall Memorial Fellow
• Founder of GreyFire Impact &
Cofounder Tour of Tech: Lagos
• Focused on women, social
impact, tech & Africa;
entrepreneurs in emerging
markets
• Seasoned finance, strategy &
international consulting
executive; worked with Fortune
500 companies
• Special Advisor, Permanent
Mission of Sao Tome & Principe
• MacArthur Awardee and Creator
“Youth Assembly at the United
Nations”
• Fiscal Agent for UN Conferences,
including NGO Conference, Youth
Assembly, Humanity Series, Ebola
Relief
• Cofounder and Managing
Partner of Alchemus Capital
• Hosted global events and written
book with Nobel Peace
Laureates and other global
leaders
• Published author, written for
Forbes, HuffPost, Women 2.0;
German Marshall Memorial
Fellow
14. 14
Do you believe that fair access to capital for women and girls still needs work?
We do.
You can become a global partner, collaborator, sponsor or advisor.
Visit our website: www.flowsummit.org
Reach out to us directly: info@flowsummit.org
Follow us on social media:: @FLOW_BANK
Facebook: https://www.facebook.com/FLOWSummit.Bank/
Join our LinkedIn Group where we’ll be sharing updates on the conference, new ideas in social
impact, gender equality, financial inclusion, and building a community of like minded innovators:
LinkedIn Group – Flow Summit & Innovation Fund
Join The Movement