{"id":322,"date":"2021-04-28T09:41:36","date_gmt":"2021-04-28T07:41:36","guid":{"rendered":"https:\/\/norfund.wpenginepowered.com\/annualreport-2020\/?page_id=322"},"modified":"2022-12-15T15:15:38","modified_gmt":"2022-12-15T14:15:38","slug":"gender","status":"publish","type":"page","link":"https:\/\/reports.norfund.no\/annualreport-2021\/responsible-investor\/gender\/","title":{"rendered":"Gender equality"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Norfund is committed to promoting gender equality, in our own organisation and in our portfolio companies.<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Norfund was one of the first development finance institutions (DFIs) to develop a Gender Strategy in 2016. In 2020, Norfund developed a new Gender Position based on the previous strategy and consultations with internal and external stakeholders.\u202fNorfund reports annually on the Gender Position and the related action plan to the Board of Directors and in the report on operations.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-norfund-fact-box\"><h3 class=\"norfund-fact-box__title\">Norfund\u2019s position on gender equality and women\u2019s economic empowerment has three objectives:<\/h3><div class=\"norfund-fact-box__content\">\n<ol class=\"wp-block-list\" type=\"1\"><li>To ensure equal opportunities and promote gender balance across all levels in Norfund<\/li><li>To promote equal opportunities for men and women across all levels in investee companies and through access to finance<\/li><li>To engage with relevant stakeholders to learn and where possible influence others to promote gender equality<\/li><\/ol>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-teft-link-list\"><div class=\"teft-link-list__items\">\n<div class=\"wp-block-teft-link-list-item\"><a class=\"teft-link-list-item__holder\" href=\"https:\/\/reports.norfund.no\/gender-equality\/\"><div class=\"teft-link-list-item__content\"><div class=\"teft-link-list-item__content-inner\"><div class=\"teft-link-list-item__content-wrapper\"><h3 class=\"teft-link-list-item__title\">More about Norfund&#8217;s Gender Position and our work to promote gender equality<\/h3><\/div><\/div><\/div><\/a><\/div>\n<\/div><\/div>\n\n\n\n<figure class=\"wp-block-image alignwide size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/reports.norfund.no\/wp-content\/uploads\/sites\/4\/2022\/05\/51846110808_d03bded499_k-1024x576.jpg\" alt=\"\" class=\"wp-image-5208\" srcset=\"https:\/\/reports.norfund.no\/annualreport-2021\/wp-content\/uploads\/sites\/4\/2022\/05\/51846110808_d03bded499_k-1024x576.jpg 1024w, https:\/\/reports.norfund.no\/annualreport-2021\/wp-content\/uploads\/sites\/4\/2022\/05\/51846110808_d03bded499_k-300x169.jpg 300w, https:\/\/reports.norfund.no\/annualreport-2021\/wp-content\/uploads\/sites\/4\/2022\/05\/51846110808_d03bded499_k-768x432.jpg 768w, https:\/\/reports.norfund.no\/annualreport-2021\/wp-content\/uploads\/sites\/4\/2022\/05\/51846110808_d03bded499_k-1536x864.jpg 1536w, https:\/\/reports.norfund.no\/annualreport-2021\/wp-content\/uploads\/sites\/4\/2022\/05\/51846110808_d03bded499_k.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-gender-balance-in-norfund\">Gender balance in Norfund<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Norfund recognises the importance of starting with our own organisation. We track the gender balance in our own organisation annually.<\/p>\n\n\n\n<h3 class=\"has-text-align-center wp-block-heading\" id=\"h-status-2021\">Status 2021<\/h3>\n\n\n<script type=\"text\/javascript\">\n\ngoogle.charts.load(\"current\", {packages:['corechart']});\n\nif ( screen.width < 800 ) {\n\tgoogle.charts.setOnLoadCallback( () => {\n\t\tdrawBarChartbar6af999fa2d10b( 12, 6 );\n\t} );\n} else {\n\tgoogle.charts.setOnLoadCallback( () => {\n\t\tdrawBarChartbar6af999fa2d10b( 14, 14 );\n\t} );\n}\n\nfunction drawBarChartbar6af999fa2d10b( customFontSizehAxis = 14, customFontSizevAxis = 14 ) {\n\tlet data = google.visualization.arrayToDataTable([['data','Women (%)','Men (%)'],['BoD',56,44],['Management',43,57],['Investment Committee',38,62],['Regional Offices',50,50],['Total Employees',48,52],['New Employees in 2021',50,50]]);\n\n\tlet view = new google.visualization.DataView(data);\n\n\t\n\tlet options = {\n\t\theight: 500,\n\t\tlegend: { position: 'bottom', alignment: 'end', maxLines: 3  },\n\t\tlegendTextStyle: { fontSize: 12, color: '#000' },\n\t\tbar: { groupWidth: '40%' },\n\t\tchartArea: {\n\t\t\ttop: '0',\n\t\t\tright: '0',\n\t\t\tbottom: '0',\n\t\t\tleft: '0',\n\t\t\twidth: '85%',\n\t\t\theight: '70%'\n\t\t},\n\t\twidth: '80%',\n\t\thAxis : {\n\t\t\ttextStyle : {\n\t\t\t\tfontSize: customFontSizehAxis,\n\t\t\t\tcolor: '#000'\n\t\t\t}\n\t\t},\n\t\tvAxis : {\n\t\t\ttextStyle : {\n\t\t\t\tfontSize: customFontSizevAxis,\n\t\t\t\tcolor: '#000'\n\t\t\t}\n\t\t},\n\t\tisStacked: true,\n\t\tcolors: [\"#375172\",\"#94CCC5\"],\n\t\tfontName: 'Merriweather Sans'\n\t};\n\n\tlet chart = new google.visualization.ColumnChart( \n\t\tdocument.getElementById( \"columnchart_values_bar6af999fa2d10b\" )\n\t);\n\n\t\n\tchart.draw(view, options);\n}\n\nwindow.addEventListener( 'resize', () => {\n\tif ( screen.width < 800 ) {\n\t\tdrawBarChartbar6af999fa2d10b( 12, 6 );\n\t} else {\n\t\tdrawBarChartbar6af999fa2d10b( 14, 14 );\n\t}\n} );\n<\/script>\n\n\n<div class=\"chart-container wide\">\n\t<div id=\"columnchart_values_bar6af999fa2d10b\" style=\"width:100%; height: 500px;\"><\/div>\n<\/div>\n\n\n<div class=\"pdf-page-break\"><\/div>\n\n\n<h3 class=\"has-text-align-center wp-block-heading\" id=\"h-status-2020\">Status 2020<\/h3>\n\n\n<script type=\"text\/javascript\">\n\ngoogle.charts.load(\"current\", {packages:['corechart']});\n\nif ( screen.width < 800 ) {\n\tgoogle.charts.setOnLoadCallback( () => {\n\t\tdrawBarChartbar6af999fa2da2d( 12, 6 );\n\t} );\n} else {\n\tgoogle.charts.setOnLoadCallback( () => {\n\t\tdrawBarChartbar6af999fa2da2d( 14, 14 );\n\t} );\n}\n\nfunction drawBarChartbar6af999fa2da2d( customFontSizehAxis = 14, customFontSizevAxis = 14 ) {\n\tlet data = google.visualization.arrayToDataTable([['data','Women (%)','Men (%)'],['BoD',55,45],['Management',43,57],['Investment Committee',38,62],['Regional Offices',40,60],['Total Employees',46,54],['New Employees in 2020',47,53]]);\n\n\tlet view = new google.visualization.DataView(data);\n\n\t\n\tlet options = {\n\t\theight: 500,\n\t\tlegend: { position: 'bottom', alignment: 'end', maxLines: 3  },\n\t\tlegendTextStyle: { fontSize: 12, color: '#000' },\n\t\tbar: { groupWidth: '40%' },\n\t\tchartArea: {\n\t\t\ttop: '0',\n\t\t\tright: '0',\n\t\t\tbottom: '0',\n\t\t\tleft: '0',\n\t\t\twidth: '85%',\n\t\t\theight: '70%'\n\t\t},\n\t\twidth: '80%',\n\t\thAxis : {\n\t\t\ttextStyle : {\n\t\t\t\tfontSize: customFontSizehAxis,\n\t\t\t\tcolor: '#000'\n\t\t\t}\n\t\t},\n\t\tvAxis : {\n\t\t\ttextStyle : {\n\t\t\t\tfontSize: customFontSizevAxis,\n\t\t\t\tcolor: '#000'\n\t\t\t}\n\t\t},\n\t\tisStacked: true,\n\t\tcolors: [\"#375172\",\"#94CCC5\"],\n\t\tfontName: 'Merriweather Sans'\n\t};\n\n\tlet chart = new google.visualization.ColumnChart( \n\t\tdocument.getElementById( \"columnchart_values_bar6af999fa2da2d\" )\n\t);\n\n\t\n\tchart.draw(view, options);\n}\n\nwindow.addEventListener( 'resize', () => {\n\tif ( screen.width < 800 ) {\n\t\tdrawBarChartbar6af999fa2da2d( 12, 6 );\n\t} else {\n\t\tdrawBarChartbar6af999fa2da2d( 14, 14 );\n\t}\n} );\n<\/script>\n\n\n<div class=\"chart-container wide\">\n\t<div id=\"columnchart_values_bar6af999fa2da2d\" style=\"width:100%; height: 500px;\"><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-gender-balance-in-norfund-s-portfolio-companies\">Gender balance in Norfund\u2019s portfolio companies<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Each year, we collect gender disaggregated data from all investees. This enables us to carry out gender analyses at investee and portfolio level, and helps us to create awareness, both internally and externally.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Note: The figures below are not directly comparable across years due to changes in Norfund\u2019s portfolio.&nbsp;<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>In 2021, the number of direct jobs held by females increased by 3 320 jobs, or 3 per cent, within the Norfund\u2019s portfolio companies (with two consecutive years of reporting)*. This compares to a decrease of 1 700 jobs, or 2 per cent, in 2020.&nbsp;&nbsp;<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>* Includes investees directly in Norfund portfolio as well as investees through platforms and funds&nbsp;<\/em><\/p>\n\n\n<div class=\"pdf-page-break\"><\/div>\n\n\n<h3 class=\"has-text-align-center wp-block-heading\" id=\"h-status-2021-1\">Status 2021<\/h3>\n\n\n<script type=\"text\/javascript\">\n\ngoogle.charts.load(\"current\", {packages:['corechart']});\n\nif ( screen.width < 800 ) {\n\tgoogle.charts.setOnLoadCallback( () => {\n\t\tdrawBarChartbar6af999fa2e3a7( 12, 6 );\n\t} );\n} else {\n\tgoogle.charts.setOnLoadCallback( () => {\n\t\tdrawBarChartbar6af999fa2e3a7( 14, 14 );\n\t} );\n}\n\nfunction drawBarChartbar6af999fa2e3a7( customFontSizehAxis = 14, customFontSizevAxis = 14 ) {\n\tlet data = google.visualization.arrayToDataTable([['data','Women','Men'],['BoD',19,81],['Management',31,69],['Employees',35,65],['Smallholder farmers',39,61],['Individual loan clients',79,21]]);\n\n\tlet view = new google.visualization.DataView(data);\n\n\t\n\tlet options = {\n\t\theight: 500,\n\t\tlegend: { position: 'bottom', alignment: 'end', maxLines: 3  },\n\t\tlegendTextStyle: { fontSize: 12, color: '#000' },\n\t\tbar: { groupWidth: '40%' },\n\t\tchartArea: {\n\t\t\ttop: '0',\n\t\t\tright: '0',\n\t\t\tbottom: '0',\n\t\t\tleft: '0',\n\t\t\twidth: '85%',\n\t\t\theight: '70%'\n\t\t},\n\t\twidth: '80%',\n\t\thAxis : {\n\t\t\ttextStyle : {\n\t\t\t\tfontSize: customFontSizehAxis,\n\t\t\t\tcolor: '#000'\n\t\t\t}\n\t\t},\n\t\tvAxis : {\n\t\t\ttextStyle : {\n\t\t\t\tfontSize: customFontSizevAxis,\n\t\t\t\tcolor: '#000'\n\t\t\t}\n\t\t},\n\t\tisStacked: true,\n\t\tcolors: [\"#375172\",\"#94CCC5\"],\n\t\tfontName: 'Merriweather Sans'\n\t};\n\n\tlet chart = new google.visualization.ColumnChart( \n\t\tdocument.getElementById( \"columnchart_values_bar6af999fa2e3a7\" )\n\t);\n\n\t\n\tchart.draw(view, options);\n}\n\nwindow.addEventListener( 'resize', () => {\n\tif ( screen.width < 800 ) {\n\t\tdrawBarChartbar6af999fa2e3a7( 12, 6 );\n\t} else {\n\t\tdrawBarChartbar6af999fa2e3a7( 14, 14 );\n\t}\n} );\n<\/script>\n\n\n<div class=\"chart-container wide\">\n\t<div id=\"columnchart_values_bar6af999fa2e3a7\" style=\"width:100%; height: 500px;\"><\/div>\n<\/div>\n\n\n\n<h3 class=\"has-text-align-center wp-block-heading\" id=\"h-status-2020-1\">Status 2020<\/h3>\n\n\n<script type=\"text\/javascript\">\n\ngoogle.charts.load(\"current\", {packages:['corechart']});\n\nif ( screen.width < 800 ) {\n\tgoogle.charts.setOnLoadCallback( () => {\n\t\tdrawBarChartbar6af999fa38630( 12, 6 );\n\t} );\n} else {\n\tgoogle.charts.setOnLoadCallback( () => {\n\t\tdrawBarChartbar6af999fa38630( 14, 14 );\n\t} );\n}\n\nfunction drawBarChartbar6af999fa38630( customFontSizehAxis = 14, customFontSizevAxis = 14 ) {\n\tlet data = google.visualization.arrayToDataTable([['data','Women','Men'],['BoD',17,83],['Management',32,68],['Employees',34,66],['Smallholder farmers',42,58],['Individual loan clients',84,16]]);\n\n\tlet view = new google.visualization.DataView(data);\n\n\t\n\tlet options = {\n\t\theight: 500,\n\t\tlegend: { position: 'bottom', alignment: 'end', maxLines: 3  },\n\t\tlegendTextStyle: { fontSize: 12, color: '#000' },\n\t\tbar: { groupWidth: '40%' },\n\t\tchartArea: {\n\t\t\ttop: '0',\n\t\t\tright: '0',\n\t\t\tbottom: '0',\n\t\t\tleft: '0',\n\t\t\twidth: '85%',\n\t\t\theight: '70%'\n\t\t},\n\t\twidth: '80%',\n\t\thAxis : {\n\t\t\ttextStyle : {\n\t\t\t\tfontSize: customFontSizehAxis,\n\t\t\t\tcolor: '#000'\n\t\t\t}\n\t\t},\n\t\tvAxis : {\n\t\t\ttextStyle : {\n\t\t\t\tfontSize: customFontSizevAxis,\n\t\t\t\tcolor: '#000'\n\t\t\t}\n\t\t},\n\t\tisStacked: true,\n\t\tcolors: [\"#375172\",\"#94CCC5\"],\n\t\tfontName: 'Merriweather Sans'\n\t};\n\n\tlet chart = new google.visualization.ColumnChart( \n\t\tdocument.getElementById( \"columnchart_values_bar6af999fa38630\" )\n\t);\n\n\t\n\tchart.draw(view, options);\n}\n\nwindow.addEventListener( 'resize', () => {\n\tif ( screen.width < 800 ) {\n\t\tdrawBarChartbar6af999fa38630( 12, 6 );\n\t} else {\n\t\tdrawBarChartbar6af999fa38630( 14, 14 );\n\t}\n} );\n<\/script>\n\n\n<div class=\"chart-container wide\">\n\t<div id=\"columnchart_values_bar6af999fa38630\" style=\"width:100%; height: 500px;\"><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-jobs-indirectly-supported-through-norfund-s-portfolio-companies\"><strong>Jobs indirectly supported through Norfund\u2019s portfolio companies<\/strong>&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Literature suggests that direct employment is only a fraction of the indirect employment that is supported by an investment. Norfund applies the\u202f<a href=\"https:\/\/reports.norfund.no\/annualreport-2020\/joint-impact-model\/\" target=\"_blank\" rel=\"noreferrer noopener\">Joint Impact Model\u202f<\/a>(JIM) to estimate such indirect employment impacts supported through our portfolio companies, also disaggregated by gender.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The indirect employment impacts are divided in backward effects, from local purchases and spending of wages, and enabled effects, from power produced and loans provided by banks and other financial institutions.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The model is applied on a subset of Norfund\u2019s active portfolio by end of 2021, directly or through funds, for which sufficient data are available.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-group alignwide has-gray-light-background-color has-background\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<h2 class=\"has-text-align-center wp-block-heading\" id=\"h-jobs-indirectly-supported\">Jobs indirectly supported <\/h2>\n\n\n\n<div class=\"wp-block-norfund-key-figures alignfull alternative-style\"><div class=\"block-inner\"><div class=\"norfund-key-figure-item\" data-key=\"0\"><div class=\"norfund-key-figure-alt-style\"><div class=\"norfund-key-figure-number\">509,000<\/div><div class=\"norfund-key-figure-number-unit\">jobs<\/div><\/div><div class=\"norfund-key-figure-number-bar\"><div class=\"norfund-key-figure-number-bar-progress\" data-number=\"100\"><\/div><\/div><p class=\"norfund-key-figure-text\"> held by women supported in supply chains<\/p><\/div><div class=\"norfund-key-figure-item\" data-key=\"1\"><div class=\"norfund-key-figure-alt-style\"><div class=\"norfund-key-figure-number\">230,000<\/div><div class=\"norfund-key-figure-number-unit\">jobs<\/div><\/div><div class=\"norfund-key-figure-number-bar\"><div class=\"norfund-key-figure-number-bar-progress\" data-number=\"100\"><\/div><\/div><p class=\"norfund-key-figure-text\">held by women supported through spending of wages<\/p><\/div><div class=\"norfund-key-figure-item\" data-key=\"2\"><div class=\"norfund-key-figure-alt-style\"><div class=\"norfund-key-figure-number\">2,045,000<\/div><div class=\"norfund-key-figure-number-unit\">jobs<\/div><\/div><div class=\"norfund-key-figure-number-bar\"><div class=\"norfund-key-figure-number-bar-progress\" data-number=\"100\"><\/div><\/div><p class=\"norfund-key-figure-text\">finance-enabled jobs held by women through loans from banks and other financial institutions <\/p><\/div><\/div><\/div>\n<\/div><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The subset covers 56% of Norfund\u2019s portfolio companies, direct and through funds, or 82% of committed capital by end of 2021. Norfund uses ex-post estimations and figures are reported without attribution.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-teft-link-list\"><div class=\"teft-link-list__items\">\n<div class=\"wp-block-teft-link-list-item\"><a class=\"teft-link-list-item__holder\" href=\"https:\/\/reports.norfund.no\/annualreport-2021\/portfolio-results-and-impact\/jobs-created\/\"><div class=\"teft-link-list-item__content\"><div class=\"teft-link-list-item__content-inner\"><div class=\"teft-link-list-item__content-wrapper\"><h3 class=\"teft-link-list-item__title\">More about job creation in Norfund<\/h3><\/div><\/div><\/div><\/a><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group alignfull has-green-light-background-color has-background\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<h2 class=\"wp-block-heading\" id=\"h-collaboration-and-2x-challenge\"><strong>Collaboration and 2X Challenge&nbsp;<\/strong>&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Norfund continuously works to improve our approach to gender equality and works actively with external stakeholders to learn about and promote gender equality more widely.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Norfund was a founding member of the Gender Finance Collaborative, the predecessor of the newly established <a href=\"https:\/\/www.2xcollaborative.org\/toolkit\" target=\"_blank\" rel=\"noreferrer noopener\">2X Collaborative<\/a> where Norfund engages actively with peers to deliver tangible results with our partners on the ground. Norfund has decided to also become a member of the <a href=\"https:\/\/www.2xchallenge.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">2X Challenge<\/a> from the beginning of 2022.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2021\/responsible-investor\/gender\/caseif-case\/\">Case: CASEIF IV \u2013 2X Flagship Fund<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Norfund is also exploring ways to better capture and promote other diversity, equity, and inclusion aspects in collaboration with peers through the 2X Collaborative and with other partners.&nbsp;&nbsp;<\/p>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-promoting-gender-equality-in-investment-agreements\"><strong>Promoting gender equality in investment agreement<\/strong>s&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Greenlight Planet is a leading PAYG (\u201cpay-as-you-go\u201d) solar company that designs, produces, distributes, and in many cases, finances distributed off-grid solar powered energy solutions for off-grid and weak-grid households across sub-Saharan Africa and Asia. Norfund provided a first loan to the Greenlight Planet Group in 2018 together with the Dutch DFI (FMO) and British DFI (BII, formerly CDC group) and a local currency<s> <\/s>refinancing at the Kenyan level in 2021, this time joined by BII and the two commercial banks Citi and Stanbic.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Greenlight Planet has conducted an internal gender balance assessment and identified areas to further support gender balance in its field sales teams to better match the Greenlight consumer base or its beneficiaries. Norfund, though our Business Support programme, and BII are supporting two specific activities to close this gap. The first is support to women Area Business Managers in sustaining their success and retention through professional and leadership training. The second is to increase the volume of high performing women sales agents that are ready to step into an Area Business Manager role.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Additionally, and together with the co-lenders, three sustainability KPIs have been agreed with Greenlight Planet and linked to the margin of the provided loan, such that an achievement of the KPI will lead to a reduction in the margin and vice versa. One of the KPIs is gender related, namely the percentage of women in Greenlight Planet\u2019s management.<em>&nbsp;<\/em>&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<h3 class=\"wp-block-heading\" id=\"h-read-more\"><strong>Read more<\/strong>&nbsp;<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/reports.norfund.no\/annualreport-2021\/responsible-investor\/business-support-2021\/\">Business Support<\/a><\/li><li><a href=\"https:\/\/reports.norfund.no\/female-future-program\/#:~:text=The%20Female%20Future%20Program%E2%80%99s%20objective%20is%20to%20increase,have%20at%20least%2040%25%20representation%20of%20both%20genders.\" target=\"_blank\" rel=\"noreferrer noopener\">Female Future Program - Norfund<\/a>&nbsp;<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Norfund is committed to promoting gender equality, in our own organisation and in our portfolio companies.&nbsp; Norfund was one of the first development finance institutions (DFIs) to develop a Gender Strategy in 2016. In 2020, Norfund developed a new Gender Position based on the previous strategy and consultations with internal and external stakeholders.\u202fNorfund reports annually [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"parent":30,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"norfund_header_layout":"","norfund_header_layout_image_id":0,"norfund_header_layout_image_focal_point_x":0,"norfund_header_layout_image_focal_point_y":0,"norfund_header_layout_suptitle":"","norfund_header_layout_subtitle":"","norfund_header_layout_title":"","teft_cards_image_id":0,"teft_cards_image_focal_point_x":0,"teft_cards_image_focal_point_y":0,"teft_cards_title":"Gender Equality","teft_cards_excerpt":"","footnotes":""},"class_list":["post-322","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gender equality | Report on Operations 2021<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/reports.norfund.no\/annualreport-2021\/responsible-investor\/gender\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gender equality | Report on Operations 2021\" \/>\n<meta property=\"og:description\" content=\"Norfund is committed to promoting gender equality, in our own organisation and in our portfolio companies.&nbsp; Norfund was one of the first development finance institutions (DFIs) to develop a Gender Strategy in 2016. 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