BlackRock and UN Women Partner to Drive Systemic Change in the Financial Markets
With the bias of #financialservices movement the #ESG space directed at the #environmental, ‘E’ pillar, it is both noteworthy and high impact to see news out of Davos from BlackRock focused also on the #social ‘S’ pillar.
The global #assetmanagement firm has signed a Memorandum of Understanding with UN Women, the United Nations Entity for #Gender Equality and the Empowerment of Women, to develop strategies to mobilise capital in support of economic opportunity for #women.
BlackRock, with its global reach and $10 trillion assets under #management, is levering its #leadership position to drive systemic change in the #financialmarkets, helping “scale the nascent field of gender-lens #investing.”
A strong example of public-private #partnership, this collaborative initiative is not a philosophical or even philanthropic endeavour. It is, rather, a joint effort to promote return-generating and market-based solutions which, in parallel, improve the lives of #women and girls. As strongly put forward by Isabelle Mateos y Lago, Global Head of the Official Institutions Group at BlackRock, “positive real-world outcomes alongside competitive financial returns.”
This is to be celebrated.
#sustainability #socialimpact #collaboration #sustainabledevelopment