To solidify our ongoing commitment to advancing a greater number of gender smart investments, Sarona recently became a member of the 2X Collaborative, a growing community dedicated to this ambition.
The 2X Collaborative is a leading industry body for gender lens investing, launched at the UN Generation Equality Forum 2021 in partnership with GenderSmart and the Investor Leadership Network (ILN) of global pension funds. It builds on the 2X Challenge, launched at the G7 Summit 2018 as a joint commitment, which has invested and mobilized more than US$ 11 billion under the 2X criteria since. The 2X Collaborative now brings together the full range of investors deploying capital with a gender lens all over the world: DFIs/IFIs, pension funds, family offices, financial institutions, asset and wealth managers, private equity and venture capital funds, and other capital providers and mobilizers. It provides members with access to peer learning networks, knowledge, co-investment platforms, partnership and training opportunities, and innovative investment tools
Sarona is 2X Challenge aligned according to the Leadership and Consumption criteria of the 2X Challenge. Over a third of our board and ICs’ positions are held by women, and Sarona manages a gender-lens-focused mandate the Emerging Markets Impact Investing Fund (EMIIF). EMIIF recently became an investor in Southeast Asia Women Economic Empowerment Fund (SWEEF), a women led fund based in Asia-Pacific and focusing on entrepreneurial leadership of women and sectors where women are a significant part of the workforce including health, education, and sustainable food systems.
Two-thirds of the private equity funds in which Sarona invests are 2X Challenge aligned, i.e., they are aligned as a firm and 30% of their portfolio companies are aligned.In addition, 74% of fund managers report that they complete a gender equality assessment in their investment selection and 63% report implementing gender equality improvement plans at portfolio company level. 89% of fund managers report being interested in receiving gender-focused technical assistance.