Women working in global supply chains are most at risk for being victims of unfair practices, violence and slavery. The United Nations recognizes this and has created the Women’s Empowerment Principles to help companies view these issues through the gender lens.
Joe Keefe is president and CEO of Pax World Management. He is a U.N.-recognized advocate for women’s equality and implements change by encouraging investors to align their investments with their values by supporting global organizations that promote the empowerment and advancement of women.
In partnership with Sallie Krawcheck’s Ellevate Asset Management, Keefe launched the Pax Ellevate Global Women’s Index Fund, the first U.S. mutual fund focused solely on investing in the highest-rated companies in the world in advancing women. He is the recipient of the United Nations’ 2014 Women’s Empowerment Principles Leadership Award — Business Case for Action.
Kelly Eisenhardt: What are the Women’s Empowerment Principles?
Joe Keefe: The Women’s Empowerment Principles are a set of principles created to guide businesses on how to better empower women in the workplace and community. These principles were created as a joint initiative between the United Nations Global Compact and the United Nations Women’s Empowerment Initiative with a focus on gender equality and opportunity.
There are seven broad principles that are considered guide posts for the steps that a strong company would take to better advance women in the workplace.
We believe that in order to promote the broader concepts that are within sustainability, it is imperative that gender equality be at the heart of the matter and that the private sector make it a top priority and part of their overall corporate strategy.