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Empowering Women and Climate Resilience Drive Global Change

October 23, 2024 | US Department of State


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Empowering Women and Climate Resilience Drive Global Change
In a recent government meeting, officials highlighted significant strides in women's economic security and climate resilience, emphasizing their importance for global stability and development. The discussions centered around the United States' commitment to promoting women's economic participation, which is viewed as both a moral imperative and a strategic necessity. It was noted that closing gender gaps in the workforce could potentially add $28 trillion to global GDP over the next decade.

The meeting recognized private sector partners making impactful contributions. Parker Clay, a Californian leather goods company operating in Ethiopia, has employed a majority female workforce, many of whom are survivors of human trafficking. The company not only provides fair wages but also essential services like on-site daycare, enabling employees to support their families and pursue financial security.

In India, Bank of America has made notable progress in achieving gender parity within its workforce, increasing female representation from 24% to 35% over the past decade through inclusive recruitment and mentorship programs. The bank has also supported over 300,000 women and girls with education and healthcare, facilitating their entry into the formal economy.

The meeting also addressed climate resilience, with the U.S. quadrupling climate financing to developing nations since the Biden-Harris administration began. Florida-based Rhizome Bamboo is leading efforts in the Philippines to promote sustainable construction practices and reforestation, while Colorado's Newmont Corporation is setting high environmental standards in Suriname's gold mining sector. Newmont's initiatives include training small-scale miners in sustainable practices and collaborating with local leaders to address community development needs.

These discussions underscore the interconnectedness of economic empowerment and environmental sustainability, highlighting the role of both sectors in fostering a more stable and prosperous global community.

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