Farewell from Femeconomy. Femeconomy’s intention was to demonstrate that as a community, we have accelerated gender equality in Australia in the following ways:
- Increasingly, gender equality procurement practices are adopted by Government, Corporates and Not-for-Profits.
- Women owned businesses are acknowledged and supported as a critical contributor to women’s economic security and workforce participation.
Over the last seven years, this has culminated in Queensland, Western Australian, New South Wales and South Australian Governments all including gender equality procurement and women owned businesses as part of their strategies.
We are thrilled that the New South Wales Government has committed $3.7 million to monitor the proportion of women-led businesses in government procurement and promote equitable practices in business. As part of this project they will support the success of women-led businesses through government contracts, certification and a one-stop shop for advice.
This is an example of changing systems and structures.
This is our legacy, and this is where we will say farewell.
We have always believed in collaboration over competition. The project in NSW is a significant opportunity to support women owned businesses and potentially, for new systems and structures to be adopted nationally.
This demonstrable shift would not have been possible without Femeconomy’s community. Thank you.
We encourage you to continue to support women owned businesses with your purchasing decisions, to amplify their business journeys and to support them as investors. They are a vital part of the movement to create gender equality in Australia and internationally.
ABOUT FEMECONOMY
Choose female led brands. Create gender equality.
Femeconomy educates consumers, business owners and budget owners on how their purchasing decisions can create gender equality.
Femeconomy identifies and amplifies companies that have at least 30% women on the Board of Directors or are 50% female owned.
Companies with female leaders are more likely to have workplace flexibility and less likely to have a gender pay gap, so they are helping to create gender equality for their employees and communities.
