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Women entrepreneurs have always faced multiple challenges—from lack of working capital to difficulties in coordination of their businesses due to their care and domestic responsibilities. These obstacles have only increased since the onset of the COVID-19 pandemic. 70% of women entrepreneurs reported being ineligible for credit under the recently launched Government of India’s AtmaNirbhar Bharat economic stimulus package.
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In 2010, UN Women and UN Global Compact Network developed the Women’s Empowerment Principles (WEPs). Forged through an international multi-stakeholder consultative process, the WEPs provide a “gender lens” through which business can analyse current initiatives, benchmarks and reporting practices. Informed by real-life business practices, the Principles help companies tailor existing policies and practices – or establish needed new ones – to realize women’s empowerment in the workplace, marketplace and communities.