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May 9, 2022

Closing the Gender Gap through Visibility

“If you remember nothing else from today, I want you to think of the mama farmer who works tirelessly to grow and sell coffee beans in the hopes that she can create a better life for her family.

Much of her work is invisible: Perhaps she is paid unfairly without knowing, receives paper receipts of transactions without digital security, or struggles to build credit or open a bank account without verifiable proof of her work.

At its core, BanQu is about bringing traceability, transparency, and equitability to supply chains across the world, so that mama farmer — and frankly, female workers everywhere — can have dignity through identity.”

 — Ashish Gadnis, CEO and Co-founder of BanQu

 

Gender inequality: a global issue

From New York City to Bangladesh and beyond, the world still has a long way to go toward true gender equality.

Whether women are underpaid, passed up for promotions despite qualifications, fighting to have their health taken seriously, struggling to secure a business loan, or performing the dual job of mother and employee despite the support of a working male partner, it’s no secret that being a safe, successful woman takes more work than being a safe, successful man.

Simultaneously, increasing awareness of these inequalities and environmental, social, and governance (ESG) regulations are creating (positive) pressure on corporations to reassess and improve their gender equality approaches (or lack thereof), whether in the boardroom or throughout supply chains.

The good news is that many individuals, groups, corporations, and brands today want to make a difference in the space of gender equality. But with such a large lift, getting started can be both daunting and difficult.

 

Define, love, and solve the problem

Define the problem: Beginning with an objective look at inequities throughout your business and supply chain is a key first step toward solutions. If you’re hoping to create a more equitable workspace, there are many thought-leaders and solutions in this space that often provide tips, tricks, and anonymous surveys you can use to scope and define. Qualtrics, for example, offers world-class DEI solutions and resources.

If you’re hoping to ensure gender equitability throughout any value chain (i.e. ensure products are ethically-sourced, female contributors are being paid an equal and fair wage and given the ability to hone their skills and build businesses, etc.), we suggest mapping your supply chain all the way down to your tier 1 waste collector, farmer, or laborer. Hyper-transparency and traceability will ensure you have a map to revisit and audit in order to monitor impact and gender equality.

Love the problem: Uncovering issues within your organization can be terrifying, but ignoring a problem never solves it. Once you’ve identified areas of opportunities, sync with any internal stakeholders to draft up actionable plans and steps to solve them.

Solve the problem: Time to take action! While this step might seem the simplest, it’s one of the most important. Deciding to define or scope a problem can feel positive, but when they result in performative action or greenwashing, the process becomes more about making a company look good than actually making a difference. In short, if you scope out a problem, be ready to solve it.

 

With true equitability through visibility, everyone can win

At BanQu, we believe the overarching solution — regardless of where your brand decides to begin — lies in one word: visibility.

Whether launching concerted efforts to recruit and promote qualified female candidates or tracing your supply chain to see how the products you build and the ingredients you source affect women contributors (although we believe both are equally important!), anytime you can take a step toward gender equitability through visibility — you’re heading in the right direction.

The clear moral importance of gender equality aside, studies across the board have consistently shown the many benefits of female visibility. These benefits include but are not limited to:

In sum, whatever initiatives you choose, taking action toward gender equality through acknowledgment, an objective assessment of your organization’s issues, and actionable steps toward fixing those issues through visibility is a sure way to trend-set and stay ahead of a curve long overdue (and do what’s right).

From the individuals we hire to the individuals who source our goods, creating more intentional and equitable spaces will be key to a more intentional and equitable economy, and world.

Searching for technology to grant visibility into your value chain so you can boost efficiency, track sustainability, and make a positive impact toward gender equality?

Schedule a chat with our team to learn more: https://banqu.co/contact/

BanQu is a for-good, for-profit platform that powers brands to map and trace their supply chains all the way down to tier one. This technology thus enables typically overlooked and underserved supply chain contributors — farmers, waste collectors, laborers — to have fair and equal digital proof and ownership over their transactions. In turn, these individuals can build credit, open bank accounts, increase their earnings, apply for lower interest loans, and secure better lives for themselves and their families.

BanQu creates blockchain solutions for some of the modern world's biggest challenges, such as supply chain transparency and identity platforms for impoverished populations. We believe that with blockchain's bright future, world poverty can become a thing of the past.

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