性别视角投资：在投资过程中促进性别平等的工具

随着投资者认识到在评估投资机会的同时为性别平等做出贡献的紧迫性，性别视角投资（GLI）正在获得动力。

Gender lens investing (GLI) has emerged as a critical tool for promoting gender equality throughout the investment process. While the world is gradually recognising the importance of the UN Agenda 2030, Sustainable Development Goal (SDG) 5 on Gender Equality has received less attention to date. However, we are now witnessing the financial world turning its focus to GLI as a means of advancing both financial objectives and the gender empowerment agenda.

性别视角投资（GLI）已成为在整个投资过程中促进性别平等的重要工具。尽管世界逐渐认识到联合国2030年议程的重要性，但迄今为止关于性别平等的可持续发展目标（SDG）5受到的关注较少。然而，我们现在目睹金融界将注意力转向 GLI，以此作为推进金融目标和性别赋权议程的手段。

For instance, the European Institute for Gender Equality has highlighted the substantial economic gains associated with promoting gender equality, which, according to recent estimates, could boost the European Union’s GDP by as much as 9.6%. This demonstrates the profound impact that gender equality initiatives can have on economic growth and prosperity.

例如，欧洲性别平等研究所强调了促进性别平等所带来的巨大经济收益，根据最近的估计，这可能使欧盟的 GDP 增长高达 9.6%。这表明性别平等举措可以对经济增长和繁荣产生深远影响。

The report “Empowering Women, Building Sustainable Assets” aims to examine the diverse landscape of GLI models and practices, while also addressing the challenges and contradictions they may pose to feminist agendas. The report emphasises the need to strengthen GLI in order to foster inclusive and sustainable development that prioritises the needs of women and, more broadly, of minorities with respect to access to finance.

报告《赋予妇女权力，建立可持续资产》旨在审视 GLI 模式和实践的多样化格局，同时解决它们可能给女权主义议程带来的挑战和矛盾。报告强调需要加强 GLI，以促进包容性和可持续发展，优先考虑妇女以及更广泛的少数群体在获得融资方面的需求。

The study, conducted by Politecnico di Milano’s Tiresia, Bocconi University’s AXA Research Lab on Gender Equality and Phenix Capital, provides valuable insights into the current state of GLI. Data reveals that only 17.2% of funds place gender equality at the heart of their strategies. It is therefore evident that greater attention should be paid to gender considerations within impact investing frameworks.

这项研究由米兰理工大学的 Tiresia、博科尼大学的 AXA 性别平等研究实验室和 Phoenix Capital 共同开展，为了解 GLI 的现状提供了宝贵的见解。数据显示，只有 17.2% 的基金将性别平等作为其战略的核心。因此，显然应在影响力投资框架内更加关注性别因素。

The interviews, conducted with 22 institutional investors from around the world, further illuminate the nuances of GLI practices and the challenges faced by financial providers. They also unveil the diversity of approaches characterising the GLI landscape, ranging from the use of gender issues as a risk mitigation approach to the strategic valorisation of such issues for the generation of social impact.

这些采访对来自世界各地的 22 家机构投资者进行，进一步阐明了 GLI 做法的细微差别以及金融提供商面临的挑战。他们还揭示了 GLI 格局的多样性方法，从利用性别问题作为风险缓解方法到战略性地评估此类问题以产生社会影响。

Delving deeper into the results, the report identifies the lack of a clear definition and, consequently, of unanimous awareness of this phenomenon. Unsurprisingly, the vagueness and opacity around the meaning of gender lens is making its adoption mostly unstructured and ineffective.

通过更深入地研究结果，报告发现这种现象缺乏明确的定义，因此也缺乏一致的认识。毫不奇怪，性别视角含义的模糊性和不透明性导致其采用大多是非结构化且无效的。

As the relevance of GLI has just started to emerge, enhanced measurement and transparency around its outcomes and impact are needed. Merely assessing financial performance is not enough to address the complex challenges of gender inequality. Rather, investors should combine financial results and impact measurement, with the aim of advancing gender equality and women’s empowerment.

由于 GLI 的相关性刚刚开始显现，因此需要加强对其成果和影响的衡量和透明度。仅仅评估财务绩效不足以解决性别不平等的复杂挑战。相反，投资者应该将财务业绩和影响衡量结合起来，以促进性别平等和妇女赋权。

While GLI has a clear potential to drive transformative change, evidence of its impact on gender equality remains largely anecdotal. As we move forward, it is essential to integrate gender issues more comprehensively into investment evaluation schemes. This means investors should move away from a performance-focused mindset and embrace one that leverages the use of finance to deliver systemic change. Accordingly, women’s economic empowerment should become an investment priority and come to encompass decent working conditions, work-life balance, equal pay and entrepreneurship opportunities. The willingness to finance initiatives that champion the role of women in traditionally male-dominated contexts is a key step to advocating an organisational change when it comes to entities demanding financial resources.

虽然 GLI 具有推动变革的明显潜力，但其对性别平等影响的证据在很大程度上仍然是传闻。随着我们的前进，有必要将性别问题更全面地纳入投资评估计划中。这意味着投资者应该放弃以业绩为中心的思维方式，转而拥抱利用金融来实现系统性变革的思维方式。因此，增强妇女经济权能应成为一项投资优先事项，并包括体面的工作条件、工作与生活的平衡、同工同酬和创业机会。当涉及到需要财政资源的实体时，愿意为在传统男性主导的背景下倡导女性角色的举措提供资金是倡导组织变革的关键一步。

By elevating gender issues to a political level and adopting new investment approaches, GLI can become a cornerstone of sustainable development efforts. It offers investors an opportunity to align their financial interests with broader societal goals, ultimately creating a more equitable and prosperous future for all. More importantly, raising the attention to GLI is a joint effort that should involve policymakers, investors and target investees. Indeed, top-down incentives and regulatory mechanisms that preserve the integrity of gender issues in the mindset of financial investors may encourage target investees to raise the level of equality and women empowerment.

通过将性别问题提升到政治层面并采用新的投资方式，GLI 可以成为可持续发展努力的基石。它为投资者提供了将其财务利益与更广泛的社会目标结合起来的机会，最终为所有人创造一个更加公平和繁荣的未来。更重要的是，提高对GLI的关注需要政策制定者、投资者和目标投资对象的共同努力。事实上，在金融投资者的思维中保持性别问题完整性的自上而下的激励和监管机制可能会鼓励目标投资对象提高平等和妇女赋权的水平。

In these terms, the joint effort on GLI can help disseminate the culture of impact in the mainstream mechanisms of the financial markets and ensure that investment approaches are not reduced to a tick-box exercise on gender issues, but serve the purpose of equality.

从这些角度来看，GLI的共同努力有助于在金融市场主流机制中传播影响力文化，并确保投资方式不会沦为性别问题上的勾选练习，而是服务于平等的目的。

By embracing a more integrated and holistic approach, the economic system can leverage the capital of financial actors to create meaningful change and enable previously left-behind individuals to become the protagonists of the new impact-imperative era of world development.

通过采用更加综合和全面的方法，经济体系可以利用金融参与者的资本来创造有意义的变革，并使以前的落后个人成为世界发展新的影响力时代的主角。