A new report by the Council on Scaling Women-Owned Businesses has found breaking down barriers to new markets and capital is essential for women-owned businesses to survive and thrive.
How to Rebuild Global Business for Good, a special report underwritten by Moody’s Corporation and TD Bank Group and led by WEConnect International, identifies a key insight into the ecosystem of support for women business owners. It outlines a global strategy to support inclusive economic growth during and after COVID-19 by leveraging the power of women-owned businesses as innovators and job creators.
According to the report, when women succeed as business owners because of better access to both markets and capital, everyone benefits – employees, families, communities and the global economy:
More business education and knowledge sharing will also reduce risk bias against women business owners, improve inclusive investing and inclusive sourcing practices and minimize market-level social, legal, political and tech barriers, the report found.
“Connecting access to markets with access to capital was identified by Council members as a major pain point for growth-oriented women-owned businesses. Stakeholders must work together to tackle both critical challenges at the same time if we want to rebuild global business for good,” said Elizabeth A. Vazquez, CEO and Co-Founder of WEConnect International.
Reshape TomorrowTM is a global financial inclusion initiative for small business owners to promote greater prosperity and opportunity at every level of the market. WEConnect International is partnering with Moody’s Foundation to further its mission. Through dedicated programs to build business owners’ capacity to finance their growing businesses from right where they are, Reshape Tomorrow is advancing women business owners around the world.
We invite you to explore the insights provided by Council members on the work of the Council and the relevance of supplier diversity and inclusion.
Subject matter experts have dedicated their time to serve on the Council in order to build a global strategy to address the linkages between access to markets and access to capital.
Head of Enterprise and Community FinanceNatwest Group & RBS
Responsible Sourcing & Supplier Diversity LeadMastercard
Global Head of Supplier DiversityBarclays
Vice President and National Lead, Women Entrepreneurs, Business DevelopmentBank of Canada
Director, SC Supplier Senior Group Manager and Head of Supply Chain Development, Inclusion and SustainabilityCiti
Global Head of Corporate Social Responsibility and President, Moody’s FoundationMoody's
President and CEOWomen's World Banking
Global Head of Supplier DiversityJP Morgan Chase
Managing Director for Global Women’s IssuesU.S. International Development Finance Corporation
Head of the Office of Corporate Engagement International and Global Head of 10,000 WomenGoldman Sachs
Entrepreneurship Lead, Gender Business GroupInternational Finance Group
National Manager Business Initiatives, SME Banking & Connect NowWestpac Business Bank
Head of Gender Lens Finance, Americas & Global Relationship Banker, Public SectorHSBC
Chief Executive OfficerFinancial Alliance for Women
Vice President, Head of Global Contract Strategy and ExecutionAmerican Express
Gender SpecialistAccess Bank PLC
Supplier Diversity ManagerAbsa Group Limited
National Manager, Women EntrepreneursTD Bank Group
Senior Manager, Women Banking DevelopmentTurkish Economy Bank
CEO and Co-FounderWEConnect International