Evidence informs us that women across the world are concerned about the impact of their investments, with a large majority highly motivated to create positive environmental and societal change through their investment decisions. At the same time, the concept of financial feminism – the belief in the financial equality of women - is rapidly gaining momentum.
On July 7th, WiFA had the pleasure of hosting the latest edition of its ongoing Book Club series, featuring Jessica Robinson, author of Financial Feminism: A Woman’s Guide to Investing for a Sustainable Future
, and moderated by Gladys Liu, co-chair of the WiFA Philanthropy Committee. Over the course of an hour, Jessica, a sustainable finance and responsible investing exert, shared her take on financial feminism: it is about addressing the financial inequalities that women face, but beyond that it is also about unleashing the growing financial power of women, through the way we invest, to create positive change in the world.
Jessica shared practical steps on what we can do to be a more conscious and conscientious investor – regardless of our investing experience:
· Identify the global issues you care about, thereby setting clear sustainable investing objectives
· Track NGOs dedicated to the issues you care about as they often collate up-to-date research, and read Sustainability Reports
· Do your due diligence, read the fine print, ensure your money is going where you intended
· Be aware of ‘green washing’ – look for companies that walk the walk of responsible investing, and avoid those who just talk the talk
· Do not be intimidated by financial jargon; break the taboo and frequently discuss investing with your immediate social circles
· Joining communities or groups passionate about investing can strengthen your interest and motivate you to become more engaged
Many thanks to the WiFA’s Networking and Philanthropy Committees and Morgan Stanley for hosting this insightful event to shed light on how to responsibly invest our money for the benefit of us all on planet earth! And special thanks to Jessica for sharing her guidance with WiFA members on this important topic.
Earlier this year, we honoured and celebrated the amazing women who work in our financial services community through the WiFA 2021 Spotlight Interview Series. Now, WiFA would like to shine a spotlight on our male allies during the month of September & October.
What is a male ally? They’re defined as men who support, mentor, and promote women. In today’s environment, we are conscious of the powerful impact that male allies can have both in and outside of the workplace, and their critical role in gender equality initiatives. This study
by the Boston Consulting Group showed that when men are actively involved in gender inclusion programs, 96% of organizations see progress — where, among companies where men are not involved, only 30% show progress.
WiFA’s goal with the male ally series is to share stories on how the men we work with support and uplift female colleges to build a more inclusive, intelligent, and efficient workplace.
Please reach out to Bonnie Ohri
at firstname.lastname@example.org to nominate a male ally that you feel has provided exceptional support to a woman in finance.
Menopause and Andropause are transitions to a new phase of life for women and men respectively as they enter late 40s and may continue for many years after. Changes during this time can lead to mood swings, anxiety, depression, insomnia, and related symptoms. Understanding how to navigate through this complex maze can help women and men deal with the symptoms they are experiencing.
WiFA looks forward to hosting an informative discussion on menopause and andropause -- definitions, symptoms, causes, and treatments in mid to late August. Our speaker, Dr. Laurena Law, a GP, has developed expertise around health issues related to aging and how to incorporate lifestyle medicine alongside traditional medicine (https://www.anantawellbeing.com/about
Stay tuned for more details!
Join WiFA x RUN Virtual Fitness Challenge
WiFA and RUN Hong Kong announced the opening of the WiFA X RUN Virutal Fitness Challenge this fall.
your team using the Kindful
registration page: https://runhongkong.kindful.com/e/wifa-fitness
Teams of 5.
Registration fee is HK$500 per person (HK$2,500 per team).
Donate and raise additional funds through the Kindful team page.
One month fitness challenge to accumulate the most hours exercising and being active collectively as a team.
The team with the most collective hours wins.
The top 3 teams will be awarded prizes at the end of the challenge. See the website for prizes details.
Do any activity individually or as a team (in-person or connect virtually) such as yoga, running, hiking, swimming.
Log your hours using ChallengeHound (registrants will receive an email regarding setting up their account closer to the start date) and interim results will be sent out weekly during the challenge.
Mon 13th September to Wed 13th October 2021
Join community members and stay active with others in support of RUN.
See you at the Challenge!
#WiFAxRUN #WithRefugees #FitnessChallenge #GivingBack
The Philanthropy Committee is growing the team to drive WiFA’s ongoing partnerships, volunteer engagements, and fundraising campaigns with various Hong Kong charity organizations.
Since 2018, the Philanthropy Committee has directed hundreds of volunteer hours and capacity support as well as thousands of dollar in donation.
Join the team to scale their work and connect WiFA’s broader network to local organizations in need. Please reach out to Karen Liu
, if you are interested.
Diversity and Inclusion is at the core of WiFA. The 2021 D&I series included three well-attended events and workshops covering Belonging, Care and ESG.
We concluded our D&I Series with an informative discussion by Oliver Wyman and Mercer focused on ESG, business and workforce strategies. Peter Reynolds, Partner and Head of Greater China at Oliver Wyman spoke on the importance of green investments and the crucial role the financial industry is playing while Vicki Fan, CEO and Nicole Luk, Associate Director at Mercer, focused on the social side sharing best practices and examples of how companies can strengthen employer branding, talent attraction, sustainability, and culture. We received great interest on the topic and positive feedback from the attendees,
For those who missed the events, we have gathered the slides and recording of the events. D&I forum recording, click here.
Presentation slides of the Burden of Care workshop, click here.
Presentation slides of the ESG Business & Workplace Strategies, click here..
|A Night Out with WiFA Sponsors - July 8|
WiFA's second in-person event at Liberty was a geat success. Members gathered together to enjoy refreshments, meet new friends, and reconnect with colleagues.
We met with our Corporate Sponsors and gathered ideas for the upcoming events covering the Art of #Persuasion Series, #Networking Dinner and the first WiFA #fundraising #Fitness Challenge. We introduced our #charity partners: 婦女動力基金HER Fund, EmpowerU and RUN Hong Kong. We also showcased how WiFA members contributed through #donations, and volunteering as #coaches and #trainers in financial management.
If you have an idea, we want to hear from you. Please send your suggestions to Bonnie So
WiFA partnered with HER Fund to work with the charity's beneficiaries on building financial management skills. Training and mentorship was provided to 23 leaders of 6 beneficiary organisations by 7 Cantonese-speaking WiFA volunteers.
WiFA volunteer Christine Chiu provides a summary of her experience: “I am grateful to have volunteered for HER Fund through the introduction of WiFA. I provided training and mentoring on financial skills for local NGOs, and helped prepare a teach-in session on the basics of accounting and non-profit financial management. After the training, I became a mentor for an NGO which serves the Tin Shui Wai district, to provide support in automating the preparation of financial statements, attendance, and inventory records. Through the mentoring opportunity, I leveraged my financial expertise and applied that knowledge within a non-commercial sector, which was deeply fulfilling. After a series of visits and mentoring, I became friends with the volunteers and staff of the organization. I believe in HER Fund’s mission -- it is an excellent platform to connect with local organizations dedicated to women empowerment.”
ASIFMA is holding “Compliance Week 2021” this year as a virtual event. This flagship event in Asia is “designed by the industry for the industry” where the industry (sell-side, buy-side, regulators, law firms, consultants, and media) comes together to meet and discuss important issues impacting this area.
Date: Tuesday to Friday, September 7-10, 2021
Time: September 7 and 9: 09:00-12:15 (GMT+8); September 8 and10: 14:00-17:15 (GMT+8)
Format: Virtual Event in English
- September 7: Regulatory Outlook
- September 8: Culture and Accountability
- September 9: Technology and Innovation
- September 10: Future-Proofing and Best Execution (TBC)