Women Empowerment
Among the various facets of CSR, empowering women has emerged as a crucial focus area for many corporations globally. Recognizing the pivotal role of women in socio-economic development, companies are increasingly integrating initiatives aimed at women empowerment into their CSR frameworks.Empowering women leads to increased economic participation, contributing to overall economic growth. In India, the McKinsey Global Institute estimates that achieving gender parity in the workforce could increase GDP by 18% by 2025.According to UN Women, women invest 90% of their income into their families and communities, compared to 35% to 40% for men, leading to greater societal benefits.
Women empowerment under CSR is not only a moral imperative but also a strategic investment with far-reaching benefits for businesses and societies alike. By leveraging their resources and influence, corporations can play a pivotal role in advancing gender equality, driving sustainable development, and creating a more prosperous future for all.