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Title page

Contents

ACKNOWLEDGMENTS 3

FOREWORD 7

EXECUTIVE SUMMARY 9

1. INTRODUCTION 12

1.1. Research design and methodology 12

2. THE CASE FOR GENDER-RESPONSIVE CLIMATE GOVERNANCE 15

2.1. Women face differentiated climate impacts 18

2.2. Women's perspectives and talent can contribute to climate adaptation, innovation, and the transition to clean energy 19

2.3. Women leading on change 19

3. RESEARCH FINDINGS AND ANALYSIS 21

3.1. The state of climate governance in EMDE companies 21

3.2. State of gender-responsive climate action in EMDE companies 34

3.3. Role of women leaders in influencing change 40

4. RECOMMENDATIONS: TOWARDS GENDER-RESPONSIVE CLIMATE GOVERNANCE IN EMDE COMPANIES 51

4.1. A proposed framework to assess gender-responsive climate governance 51

4.2. Actions for key stakeholders on advancing gender-responsive climate governance 53

5. CONCLUSIONS 55

APPENDIX. GLOSSARY OF TERMS 57

ENDNOTES 60

Figures

Figure 1.1. Overview of research methodology 14

Figure 2.1. Why climate governance? 16

Figure 2.3.1. Women in business leadership boost ESG performance 20

Figure 3.1.1. Presence of formal commitments and policies related to climate risk and opportunities in EMDE-based and developed economy-based large enterprises 22

Figure 3.1.2. How senior management teams are engaging with climate risks and opportunities and gender D&I in MSMEs and large enterprises based in EMDEs 23

Figure 3.1.3. Presence of formal commitments and policies related to climate risk and opporunities in EMDE-based MSMEs and large enterprises 24

Figure 3.1.4. Levels of engagement with ESG and climate-related risks and opportunities in companies headquartered in EMDEs 25

Figure 3.1.5. Sustainability / ESG topics that EMDE businesses are acting on today; many sustainability issues are closely related to climate change but may not... 26

Figure 3.1.6. Breakdown of EMDE-based company engagement in climate/sustainability activities 27

Figure 3.1.7. Large EMDE enterprises are more likely than developed economy businesses to have formal climate adaptation commitments / strategies in place... 30

Figure 3.1.8. Sustainability / ESG topics that EMDE businesses are acting on today; many sustainability issues are closely related to climate change but may not... 33

Figure 3.2.1. Reported presence of formal commitments and policies related to gender diversity and inclusion, segmented according to company size 35

Figure 3.2.2. Reported presence of gender-specific targets and activities in the environmental sustainability / ESG strategies of companies 35

Figure 3.2.3. Barriers to integrated climate-gender action 39

Figure 3.3.1. Large enterprises' degree of engagement with climate change risks and opportunities, based on percentage of female board members 42

Figure 3.3.2. Comparison of large enterprise commitments to net zero emissions targets, based on percentage of female board members 42

Figure 3.3.3. Perceptions of the influence of women on company engagement with climate-change-related risks and opportunities, segmented by respondents' gender 46

Figure 3.3.4. Perceptions of company obligations to address negative environmental and social impacts, segmented by respondents' gender 47

Figure 4.1.1. Progression toward gender-responsive climate governance 52

Boxes

BOX. 2.1. WHAT IS CLIMATE GOVERNANCE? 16

BOX. 2.2. IFC CLIMATE GOVERNANCE GUIDANCE AND TOOLS FOR BOARDS 17

Case Studies

CASE STUDY 3.1.1. COLLECTING SEX-DISAGGREGATED CLIMATE DATA FOR DEEPER INSIGHTS 28

CASE STUDY 3.1.2. PROMOTING INCLUSIVE OPPORTUNITIES IN THE NEW GREEN ECONOMY 31

CASE STUDY 3.1.3. MAKING THE BUSINESS CASE FOR WOMEN'S LEADERSHIP IN THE GREEN ENERGY TRANSITION 32

CASE STUDY 3.2.1. BUILDING WOMEN'S RESILIENCE ACROSS THE VALUE CHAIN 37

CASE STUDY 3.2.2. INTEGRATING A GENDER LENS INTO CLIMATE STRATEGIES AND ACTION 40

CASE STUDY 3.2.3. LEVERAGING FINANCE FOR ACTION AT THE NEXUS OF CLIMATE AND GENDER 41

CASE STUDY 3.2.4. ENHANCING GENDER-INCLUSIVE CLIMATE LEADERSHIP 44

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