We have all heard the famous quote “money makes the world go around.” It is also a known fact that money can change the world for the better. Impact investing firms follow the theory of generating measurable, beneficial social or environmental impact along with a beneficial return. Our focus sectors include food & agriculture, healthcare, education, affordable housing, water & sanitation, clean energy, financial inclusion. We at Caspian also feel that impact investing has the potential to propel gender equality, which is a key enabler for many of the sustainable development goals of UN.
We track each investment for its impact on women, before and after the loan. Several of our clients have a high positive impact for women. Some of the specific targets our portfolio contributes towards are:
We use qualitative and quantitative factors to understand how our portfolio companies impact their women employees and clients. We also seek to understand whether they create a safe and equitable workplace, by adopting measures against sexual harassment. We track metrics such as the number of women clients, employees and directors.
30 of our portfolio companies have a strong focus on women as clients, employees or beneficiaries. Women make up 90% of the underlying borrowers of some of our portfolio companies. Another client manufactures efficient biomass cook-stoves, which improves women’s health outcomes. In our housing finance portfolio, women are co-borrowers and co-owners, making up at least 50% of clients.
Women represent 46% of financial services employees, according to a study by Mercer. The theme for International Women’s Day 2019 is #BalanceforBetter, and it serves as a good reminder that while the financial services industry has made strides, until we achieve gender balance in our team, the mission is not complete.
Currently, women make up one-third of the Caspian team. Two-thirds of supervisory roles are held by women. We have women present at every rung in the organization and our highest paid employee is a woman.
By next International Women’s day, we would like to set standards by going above and beyond the global percentage of 46% of women in financial services. As a growing organization, we are always eager to welcome experienced professionals with a diverse skills-set to make our vision a reality. Look up one of the current vacancies, or share your resume with us and let’s get talking!