Femeconomy 2022 Gender Equality Impact

Femeconomy’s 2022 Gender Equality Impact

This year we have seen a significant shift. Governments are now recognising how women owned businesses impact women’s economic security. Thank you for supporting Femeconomy to advocate for change, and to ensure the recognition of women owned businesses.

Reflecting on 2022, we wanted to share some highlights:

  • The Australian Greens announced a Policy that they will legislate to require government agencies to spend a minimum of 3% of their annual procurement budget with women-led businesses.
  • The Queensland Government has committed in their Women’s Strategy to achieve economic security for women through using government’s purchasing power to drive increased gender equality in the private sector, and encourage businesses and community organisations to do the same.
  • Femeconomy partnered with the Queensland Government on the Our Fair Share event, which focussed on unlocking economic participation for women in business.
  • The newly elected South Australian Government has committed to introducing an Equality Bill to encourage public and private sector organisations to achieve equality and to adjust procurement and grants processes to ensure funding supports equity.
  • The New South Wales Government has committed to $3.7 million to monitor the proportion of women-led businesses in government procurement and promote equitable practices in business. This will support the success of women-led businesses through government contracts, certification and a one-stop shop for advice.
  • The Western Australian Government has committed to Procurement Practices to Support Gender Equality. The WA Government recognises that government procurement is a significant lever to create behaviour change to progress gender equality in Western Australia and improve women’s employment and economic outcomes. The WA Government have commenced a 12-month procurement pilot across 15 Government Departments to raise awareness of the benefits of gender equality in the workplace.

Other highlights this year include:

We cannot progress gender equality alone. Collaboration is key. Thank you for your support. Let’s continue to create gender equality in Australia and beyond our shores.

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.

Posted by Jade Collins - Femeconomy Director

Jade Collins has 20 years’ global experience in corporate executive Human Resources and management consulting roles in the Mining, Energy and Aerospace industries, leading large scale, complex multi-million-dollar change management programs. Jade finds the combination of her HR, Psychology and MBA qualifications and her leadership experience is invaluable for increasing gender equality in leadership across industries. Jade was a member of the Queensland Government's Strategic Advisory Group for the Toward Gender Parity: Women on Boards Initiative and the 2019 CQU Alumni of the Year for Social Impact for her work with Femeconomy.