La Pietra Coalition
Who We Are
Since forming in 2009, La Pietra Coalition has worked with the goal of making the economic case for women’s empowerment.
As of 2012, the coalition facilitates an ongoing dialogue between more than 100 representatives from corporations, government, civil society, academia, and the media. Together, they use their collective expertise to set the global agenda on women’s economic empowerment.
What We Do – and What We Have Accomplished
Since convening at the 2010 and 2011 meetings at Villa La Pietra, the coalition has:
- Successfully lobbied the G-20 to acknowledge gender within its financial inclusion initiative.
When the G-20 launched its Global Partnership for Financial Inclusion (GPFI) in December 2010, it failed to recognize the need to financially include a key constituency.
Until now. In Spring of 2012, the G-20 acknowledged the need to address challenges specific to women’s financial inclusion and committed to addressing them. Points #23 and #53 in the June 2012 communiqué express this, thanks in no small part to the advocacy efforts of La Pietra Coalition.
- Partnered with the Economist Intelligence Unit to launch and produce the Women’s Economic Opportunity Index (WEOI) 2010 and 2012.
The work done by WEOI assists in comparing policies and practices that impact the ability of women to participate in the formal economy as employees and entrepreneurs. This information is essential for providing the evidence and policy framework for our work and advocacy. More importantly, the data allows groups around the world to see how their country fares compared to others and to leverage this information in order to lobby local leaders for more supportive policies and practices in their societies.
- Launched an effort to spread awareness of The Third Billion.
In Summer of 2010, the consultancy Booz & Co. published an article analyzing an estimate based on their data that nearly a billion women remain underutilized in the formal economy, but “[a]s growing numbers of women enter the economic mainstream, they will have a profound effect on global business” (Aguirre and Sabbagh, 2010). Based on this, La Pietra Coalition created and launched The Third Billion campaign.
The Coalition continues to discuss opportunities for next steps in the areas of:
- Access to Finance