Inclusive business for an inclusive ASEAN - BusinessWorld Online

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OPINION | Inclusive business for an inclusive ASEAN By Ma. Aurora D. Geotina-Garcia READ:

By Ma. Aurora D. Geotina-GarciaASEAN Summit was held in Cambodia with the theme “ASEAN A.C.T: Addressing Challenges Together,” underscoring the Association of Southeast Asian Nation’s spirit of “Togetherness” as one community and the common will in its collective endeavor to address and overcome challenges facing the region.

In August 2017, during the Women’s Business Conference in Manila, the Manila Statement was delivered and the Action Agenda on Women’s Economic Empowerment was launched and adopted in the same year by the ASEAN leaders. Also in 2017, the ASEAN leaders called for greater emphasis on creating an enabling environment for inclusive business .ASEAN Inclusive Business Summit in Siem Reap, Cambodia to talk about how IB creates an impact and helps empower women economically in ASEAN.

• Mainstreaming women’s economic empowerment in policies and providing incentives for inclusive business practices. Companies should encourage their bidders to provide information on the gender ratio of employees, ofcers, and board members, the percentage of goods and services purchased from women MSMEs, among others, as part of data requirements. Banks can also encourage loan applicants to submit data on their gender policies.

• Provision of support to business and industry association, such as the ASEAN Women Entrepreneurs’ Network and PhilWEN that extend assistance for women to access the marketplace and provide for opportunities in the ASEAN supply chain network.

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