w+ standard- accelerating investments in women
TRANSCRIPT
W+ creates metrics to measure women’s empowerment within projects. It has created a platform to enable governments, companies and individuals to achieve transparency and effectiveness using a results-based framework to ensure progress.
The W+ quantifies and verifies benefits to women in 6 domains:
Time Income/Assets HealthEducation and Knowledge LeadershipFood Security
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Where will the demand for W+ units come from?
W+ promotes demand for W+ units within contexts of overseas development assistance (ODA) budgets, United Nations Millennium Development and post 2015 Sustainability Development Goals, sustainability of corporate supply chains, gender-related CSR commitments and “women-branding”
• USD 25.3 billion aid from OECD Development Assistance Committee (DAC) members' was earmarked for gender equality in 2009-2010.
• 965 companies have signed onto Global Compact Women’s Empowerment Principles.
• 68 global companies have set gender or women-specific CSR targets (Catalyst).• 85% of consumer/household decisions in Europe and US are made by women-
Women branding.• Increasing number of companies are interested in transparent mechanisms to
improve lives of women producers within their supply chains.• Individuals wishing to support women’s empowerment.
Consultations with Women Stakeholders
Development of Time Method
Baseline Survey
Measurement of Results
Issuance of Units
Direct Payments to
Women
ResultsThe first W+ project measured time savings for 7200 rural Nepalese women who replaced their wood generated stoves with those generated by biogas, relieving them of the need to collect fuel wood from the forest and saved 2.2 hours per day.
• WOCAN - A women-led US-registered NGO founded in 2004, with network of > 1000 women and men members in 100 countries
• W+ Implementation Team - WOCAN members with expertise in women’s empowerment and results-based finance, to provide assistance to Project Developers
• W+ Standard Committee: Defines procedures and requirements for methods, units, accreditation of verification entities
• W+ Advisory Council: Provides objective input on strategy, marketing and connections to networks
Team and Governing Bodies
Advisory Council
Alyson Slater Associate, CSR ASIA Thailand
David Antonioli Chief Executive Officer, Verified Carbon Standard (VCS) USA
Dr. Eija Pehu Gender Advisor, World Bank USA
Edwin Aalders Business Development Manager Climate Change Services, Det Norske Veritas (DNV)
Norway
Ingo Puhl Project Developer, South Pole Carbon Asset Management Thailand
Lee West President, Defensive Portfolio Management (DPM) USA
Leslie Durshinger Founder, Managing Director, Terra Global Capital USA
Liz Allen, Social Accountant & Auditor, Social Auditors Network (SAN) UK
Sarah Hobson Executive Director, New Field Foundation USA
Sylvia Low Manager, Corporate Responsibility Asia Pacific, Hilton Worldwide
Singapore
Wangu Mutua Deputy Program Director, Swedish Cooperative Centre and Vi Agroforestry
Kenya
Kevin Whitfield Head of Carbon Finance, Nedbank Capital South Africa
Partners
W+ Project Developers: apply methods and drive issuance of units, incl. verification– Operate using W+ Standard rules and procedures, verification by W+ Standard accredited entities
W+ Unit Intermediaries: build demand, transfer and sale units to buyers– using W+ approved registries
Women Beneficiaries– Eligible beneficiaries, identified in W+ project design document
Beneficiary Payment Aggregator: manage payments to women– Identified by W+ developer, according to W+ rules, validated by accredited verification entities