Why Does SPF Promote Women’s Economic Empowerment?
Numerous efforts are currently being made in different sectors to build a more prosperous society for all in response to rapid changes in politics, society, environment, and economy. We believe that in order for these efforts for building a prosperous society to be sustainable and inclusive, it is necessary to close the gender gap and maximize the power of women.
According to a study we conducted with Dalberg, there are seven areas where women's empowerment is needed to close the gender gap. These are interrelated, and among them, women's economic empowerment is deeply connected with other problem areas. Therefore, a focus on economic empowerment can effectively contribute to correcting other problem areas.
In addition, women's economic empowerment, as a fundamental pillar of economic development and human rights, is a necessary condition for the pursuit of equitable and sustainable development, benefiting society as a whole and every one of us.
In a full-potential scenario in which women play an identical role in labor markets to men’s, as much as $28 trillion, or 26 percent, could be added to global annual GDP in 2025. (McKinsey)
Women reinvest up to 90% of their income back into their children and families (UN)
Female business owners in Southeast Asia employ 17% more female employees than male business owners (APEC)
Companies that have female customers and promote women have a 144% higher business success rate than those that do not (Coqual)
In microfinance institutions, women on average have lower default rates than men (World Bank).
Among Fortune magazine's top 500 U.S. companies, the group of companies that rank in the top 25 in terms of the highest percentage of female executives has a 53% higher return on equity than the group of companies with the lowest 25% of the same percentage.（Fortune 500）