To create a more inclusive and sustainable economic environment, a multilateral effort is required to ensure equal access to opportunity.
Some governments and firms are already exploring initiatives to boost the role of women in the economy, and HSBC is one of the major companies stepping up to meet that challenge and leading by example.
In 2021, for instance, HSBC partnered with AllBright, the leading global career network for women, to launch a global coaching and networking programme for female entrepreneurs.
HSBC ROAR is a free accelerator programme for female founders. The content covered in the programme actively addresses barriers that female founders face by connecting founders to inspirational female entrepreneurs and preparing them with insights from leading funding experts, to scale their business to new horizons.
Thirty-one successful applicants were on-boarded into the programme where they received a complimentary AllBright+ Digital membership with access to over 200+ e-learning videos, the opportunity to attend three keynote masterclass events led by a leading female business owner; gain practical and inspirational advice and tips on how best to scale their businesses in the face of adversity and network with other female entrepreneurs.
This year the programme continues on a larger scale and will be open to the following countries: UK, U.S., Hong Kong SAR, Singapore, India, and Malaysia.
Beyond business owners, HSBC partners with the Financial Alliance for Women (FAFW). This is the leading network of financial services companies is dedicated to championing the female economy. HSBC became a Global Member in 2021 and sponsored their Annual Summit, further demonstrating their support to female entrepreneurs around the globe. The Summit theme was “Investing in Women, Transforming our World” with senior leaders sharing best practices on how to tap the female economy and discussing the latest innovations in a wide range of topics including women and wealth, gender intelligent fintech design and building the JEDI workforce of tomorrow.
Within the bank itself, HSBC has set a target to have women make up 35% of leadership roles by 2025 – up from just over 30% now – and continue progressing ethnic minority employees into senior roles.
“Building a strong support network is essential for entrepreneurial success, particularly for female founders in a male-dominated environment” said Sam Cooper-Gary, Head of Market Strategy and Engagement, Global Business Banking, HSBC. “Through HSBC’s global network of internal experts and external connections, women will have access to like-minded collaborators, mentors, advisors and business partners investing their time and skills.”
Produced in partnership with Bloomberg Media Studios