The European Union partnered with the Philippines Stock Exchange today in a “Ring the Bell for Gender Equality” event at the Stock Exchange in BGC Taguig, in the framework of WeEmpowerAsia, a UN Women-European Union women economic empowerment programme, and in partnership with the UN Global Compact local network. The event signalled the commitment of the business sector to practices that give women greater equality and leadership in the markets.
Austrian Ambassador Bita Rasoulian, the EU Gender Champion in the Philippines, said that gender equality is at the core of European values. “The EU and its Member States are at the forefront of the protection, fulfilment and enjoyment of human rights by women and girls and strongly promote them in external relations, she said.” She added that the EU strongly believes that gender equality will contribute to faster growing economies.
The European Union thanks the Philippines Stock Exchange for signing the Women’s Empowerment Principles which highlight that empowering women to participate fully in economic life across all sectors and throughout all levels of economic activity is essential to build strong economies, establish more stable and just societies, achieve internationally agreed goals for development, sustainability, and human rights, improve quality of life for women, men, families and communities, and propel business' operations and goals.
Stock exchanges are uniquely positioned to influence their market in a way few other actors can.
It was the 5th time PSE had participated in the annual global campaign, timed with International Women’s Day (8 March).
The regional bell ringing initiative of UN Women Regional Office for Asia and the Pacific, in partnership with the European Union, contributes to the United Nations’ broader efforts to advance the Sustainable Development Goals (SDGs), particularly Goal 5 on Gender Equality, which is identified as one of the four SDGs stock exchanges are best positioned to support.