Subject: Making intention actionable

Tools for measuring tangible actions and investments that economically empower women

Dear Friend,

If there’s one thing that consumes us at 2X Global, it’s the question of action - specifically, the tangible actions that we can take to economically empower women and girls the world over.

Turning intention into action and policy into practice is the beating heart of our mission and nothing thrills us more than seeing the real-world impact of gender lens investing.

We get to see this in our work every day, as our members and partners find ways to close the gender gaps which restrict women’s access to finance, to advance products and services that improve women’s lives and to create and improve quality employment opportunities for women.

Last year in Italy at the G7 Summit, we launched the 2X Challenge 2024-2027 - the third edition of our challenge which has already mobilised US$33.6 billion in investments for women since 2018.

Over the past few months, we have started to see this commitment, by our range of public and private sector participating investors, come to fruition as the qualified investment reports have started rolling in.

If you have not as yet, take the opportunity to go over to 2xchallenge.org and browse through the qualified investments dashboard. The investments there showcase gender lens investments spanning the globe from Argentina to Uzbekistan, which are creating high quality employment for women, advancing women’s leadership, opening up microfinance for women-led MSMEs and contributing to the carbon transition. 

Of course, in order to truly make an impact, it helps to have a set of standards to measure the efficacy of your actions and the 2X Criteria helps our 2X Challenge participating investors assess how impactful these investments are in advancing women’s economic empowerment. The 2X Criteria remain a powerful, free public good which can be used by any investor to analyse their own investments.

For those who want to go further, 2X Certification is a pivotal tool for advancing gender equality which provides a clear framework for assessing companies and funds promoting gender-smart practices. 

We are in the process of expanding 2X Certification for financial institutions and gender bonds. We’re excited about these coming developments and the opportunity to help turn even more positive intentions into measurable, tangible actions and investments that make the world better for women and girls.

In Community,

2X Global Team

News from the field

Mainstreaming gender lens investing. In a new episode of the Women In Finance & Finance for Women podcast, EIB President Nadia Calviño and Luxembourg’s Finance Minister Gilles Roth explore gender-smart investing, mentorship, and how capital can better serve women entrepreneurs. Analysis from The Big Deal shows women-led startups lose ground from 28 % in pre‑seed rounds to just 14 % at Series B/C, raising proportionally less capital.  ImpactAlpha’s new guide outlines how to align fund incentives with outcomes through clear metrics, credible verification, and tailored incentive structures. EIB has brought out their Global Impact Report 2024/25, reporting €7.9bn invested across 102 projects in 2024, with 60 % focused on climate and sustainability, delivering clean energy, safe water, jobs, health and gender equitable investments. WEF and Accenture have published a new report outlining competitiveness scenarios for 2030. The report outlines four future scenarios shaped by geopolitics and regulation, assesses exposure across 12 sectors, and offers strategic guidance for leaders navigating an increasingly fragmented global economy. A new AVPN report reveals a gender finance shortfall of US$ 586 billion across 17 Asia Pacific countries. It maps critical sectors: economic empowerment, health, GBV and climate vulnerability, and includes Investor Toolkits to guide capital interventions. Switzerland’s development finance institution SIFEM has committed to the pan African Alterra fund, focused on early and mid‑market SMEs, spanning ICT, healthcare, financial services and climate‑smart ventures.

Gender and Climate Investing. This Devex visual feature reveals how rising heat and displacement amplify gender-based violence for women workers globally, and how they are organising to demand justice and safety. A new blended finance playbook for climate-smart agrifood systems from the ClimateShot Investor Coalition introduces five practical blended-finance strategies, illustrated with nine real-world examples, to help concessional investors support sustainable, low-carbon agrifood transitions globally. With USD $145M in AUM, Deetken Impact deployed capital across 61 companies in 2024. Its 2024 Impact Report spotlights projects like Cotoperí Solar and Dispower. Now part of the 2X Challenge, the firm scales gender-inclusive climate investments in Latin America and the Caribbean. GIIN launches Climate Solutions Investing Framework to guide capital towards net‑zero. The framework offers actionable criteria and foundational concepts to help investors align portfolios with emissions‑reduction targets.

Leadership, Culture and Policy, JEDI. In this AllAfrica column, former 2X Global board member Andia Chakava calls for structural reforms that expand fiscal space, address debt, and centre African women in financial decision-making. Superstar Rihanna is supporting African women-led climate startups through Gather Ventures, founded by Jo Opot and supported by Rihanna’s Clara Lionel Foundation. The fund offers flexible capital, grants, loans or equity to women entrepreneurs in agriculture, tech and clean energy, advancing climate resilience.

Data and Tools. Publish What You Fund and ODI introduced their second DFI Transparency Index, assessing 32 development finance institution portfolios for transparency in areas such as climate finance and private capital data. Data2X’s latest policy brief makes the case that gender data investments strengthen democratic resilience. The brief’s authors assert that suppressing gender data is a key tool in democratic backsliding but that sustained funding and use of gender-disaggregated data are vital to counter disinformation and uphold accountable institutions. Rockefeller Philanthropy Advisor’s Primer & Playbook embeds systems thinking into impact investing with new tools offering practical guidance for impact-first investors (foundations, family offices and funds) to integrate systems thinking across strategy, portfolio, due diligence and impact measurement.

Care Economy. Read why this women-led startup now pays up to $3,000 per month (around $36,000 annually) for childcare for staff with children under the age of six. A new report from Roosevelt Institute outlines a bold proposal for universal public childcare in the United States. Are cooperatives part of the solution for the care economy? A recent International Labour Organization global training convening, explored how this could be put into practice.

Resilience (GBVH, Financial Inclusion, Security). CGAP’s latest report offers ten actionable guidelines for financial institutions and funders, from building gender balanced leadership and collecting sex disaggregated data to adopting gender-intelligent product design. What’s the link between identification documents and financial inclusion for women? This new blog from our member Women’s World Banking, explores the direct connection of the gender gap in formal ID documents, noting that enabling women to access digital ID could unlock up to 13% of global GDP by 2030. 

Community Calendar

2-4 September

We’re looking forward to the 2X Global Summit 2025 which will take place in Manila from September 2 to 4, 2025, co-hosted by the Asian Development Bank (ADB). To learn how you can attend: https://www.2xglobal.org/

membership

1-3 September

Latimpacto’s fourth annual conference, Impact Minds: Collective Makers, is headed to Medellin Colombia and will bring together capital providers, thought leaders and innovators to explore impact solutions and innovations for Latin America and the Caribbean.

8-9 September

The Forum of the Standing Committee on Finance (SCF) provides a platform for a wide range of stakeholders from governments, climate funds, financial institutions, civil society, think tanks and the private sector to facilitate exchange of information and promote linkages and coherence in the mobilisation and delivery of climate finance.

Thank you to our partners and supporters