WIN Measures Update:
Measuring Economic Equity
Supported by Well-being and Equity (WE) in the World
�Thursday, August 18, 2022
Presenters: �
Rakiba Kibria, Director of Revenue, Common Future
Caitlin Morelli, Director of Special Projects, Common Future
Madi Lommen, Global Team and Partnerships Manager, Angels of Impact
Welcome and Introductions
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As you join the meeting, please share your name, affiliation, and one item that is on your equitable economy data wish list in the chat box.
Session Agenda
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Measuring Economic Equity
Welcome & Land Acknowledgement
Together, we acknowledge indigenous peoples, on whose ancient and sacred land we live, work, and play. As a community, we recognize the ever-present systemic inequities that stem directly from past wrongdoings, and we commit ourselves indefinitely to respecting and reconciling this long history of injustice.
In the chat, please tell us where you reside!
Who
A strategic network of organizations, individuals, and communities united by common purpose
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Goals
How
We aim to catalyze change through:
What is the Well-Being in the Nation (WIN) Network?
WIN Measure Domains
By applying a racial justice frame to the WIN Measures, we aim to prioritize, develop and restore Black, Indigenous, People of Color (BIPOC) communities using data that tells a complete and transparent story. In order to be effective and explicitly anti-racist, we must go beyond the identification of disparate outcomes across racial groups. We seek to include measures that:�8
8�Further, we seek to disaggregate data, where possible, and apply an intersectional perspective in order to highlight the unique needs and characteristics of each racial and ethnic group.
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What do we mean by racial justice?
By applying an intergenerational wellbeing lens to the WIN measures, we intend to recognize:
�In doing so, we will reflect the complex intersectional nature of the domains, that addressing disparities and inequities will require strategies which will have long term impact over generations, and of the need to develop multi-generational longitudinal measuring strategies.
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What do we mean by intergenerational well-being?
WIN Measures Update Process
Phase 1 Information Gathering | Phase 2 Rate and Prioritize | Phase 3 Refine and Alignment | Phase 4 Report |
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CORE ECONOMY MEASURES |
Unemployment rate: % of civilian labor force, age 16 and older, that is unemployed but seeking work |
Child poverty: % of population under age of 18 under 100% of the federal poverty level |
Median household income ($) |
% of adults who would still be able to pay all of their current month’s bulls in full if faced with a $400 emergency expense |
Additional Economy Measures |
Proximity to employment |
Labor force participation rate (%) |
% of households receiving public assistance income |
% of population living in owner-occupied housing |
Mean financial well-being level (self-reported financial security on Cantril’s ladder) |
% of households receiving support from a state, city, or community agency or organization (SNAP, free school breakfast/lunch, etc.) |
Economy Pre-readings
�As you reflect on the presenters’ remarks today, we would like for you to consider
�What are the opportunities the current moment offers us in terms of measuring economic equity?
Reflection: Racial Justice and Intergenerational Well-being
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Speaker
Rakiba Kibria�Director of Revenue
Common Future
Caitlin Morelli�Director of Special Projects
Common Future
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Speaker
Madi Lommen�Global Team and Partnerships Manager
Angels of Impact
TOWARDS A REGENERATIVE ECONOMY FOR ALL
Creating a world without poverty in unity with women-led and indigenous-led, community-based enterprises
ANGELS OF IMPACT
Equitable Economy Listening Session
August 18, 2022
Angels of Impact is a social venture that fills the funding gap for women-led and indigenous-led, community-based enterprises tackling poverty.
*includes operating expenses. | UBS. "The Funding Gap". 2 March 2021. https://www.ubs.com/global/en/wealth-management/women/insights/2021/funding-gap.html
WHO WE ARE
WHAT WE DO
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Founded in 2016
64,000 people impacted
12 countries
across Asia Pacific and the USA
$1,000,000 raised in service to people and the planet
OUR SECRET SAUCE
Lies in the ability to connect women of color and indigenous entrepreneurs across an expansive region meaningfully to resources, new skills, and community.
We envision a world without poverty in unity with women and indigenous communities.
Anya Lim (right), Founder and CEO of ANTHILL Fabric Gallery
trains 500 weavers across the Philippines
ANTHILL UPSKILLS 500 WEAVERS
Weavers have the ability to earn income in their own communities, and for women, it is income they can control directly.
- ASEAN WISE 2021 Fellow
LIVES IMPACTED
raw materials ordered
3 looms built
6 women trained in weaving
Nusa Penida, Indonesia
Enterprise:
Women reinvest 90% of their earnings back into their communities, while men reinvest ~30%.** The women selected for the ASEAN WISE Fellowship particularly demonstrate this by aggregating impact: they help other women earn an income, who in turn reinvest their earnings into their communities.
Women are key drivers to ending poverty.
*Data come from select enterprises as not all 35 enterprises in our network collect income data.
**According to a World Bank Report in 2014.
Through our integrated capital funding, Angels of Impact has touched the lives of 64,000 women and their families.
Available data from enterprises that have been through the accelerator program shows that women working with these enterprises experience on average more than double their income.*
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OUR IMPACT
Why it matters
We work with women and indigenous leaders who are natural stewards of their families, communities, and environment. When we invest in them, they in turn help others, ultimately benefiting whole societies. We've heard of women buying refrigerators with the income they earn, for example, and thus being able to provide better nutrition to their families. Others have enrolled their children in school and moved into better homes.
64,000
INCREASE OF INCOME FOR WOMEN OF COLOR
45%
We prioritize deep impact within enterprises that in turn impact whole communities.
CASE STUDY: IMPACT OF A $6,000 USD GRANT
photo shoot of final product and 3 months of digital marketing
10% increase in revenue after one month and
45% increase in income for weavers
RESULT:
Women are now decision-makers and contribute to household income. They have also increased their capacity to dream and become independent entrepreneurs.
- ASEAN WISE 2021 Fellow
*Data come from select enterprises as not all 35 enterprises in our network collect income data.
**According to a World Bank Report in 2014.
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HOW WE MEASURE IMPACT
We listen to anecdotal evidence about intangibles like confidence and a sense of belonging.
We accompany entrepreneurs overtime to observe how circumstances evolve
We align UN SDG indicators with the development of communities in our network.
IMPACT Tracking by UN SDGs | Proprietary Surveys (Firm asks Enterprises) | Family Spotlight (Enterprises ask Community) | |||
Goal | Target | Indicator | Measurement by SE of beneficiary | Questions for Angels of Impact to ask social enterprises | Questions for social enterprises to ask community members |
#1 No Poverty | 1.1 By 2030, eradicate extreme poverty for all people everywhere, currently measured as people living on less than $1.25 a day | 1.1.1 Proportion of the population living below the international poverty line by sex, age, employment status and geographic location (urban/rural) | Number / percentage of weavers living on less than USD $1.25 / day | How many weavers currently live on less than USD $1.25 / day? FOR US: What was the income of artisans / weavers before working with [SE]? What was the income after working with the SEs? | How many weavers currently live on less than USD $1.25 / day? FOR US: What was your income before working with [SE]? What was the income after working with the SEs? |
Number / percentage of weavers living on less than USD $1.25 / day before working with [SE] | How many weavers lived on less than USD $1.25 / day before working with [SE] | | |||
1.2 By 2030, reduce at least by half the proportion of men, women and children of all ages living in poverty in all its dimensions according to national definitions | 1.2.1 Proportion of population living below the national poverty line, by sex and age | Number / percentage of weavers living on less than USD $1.90 / day | How many weavers lived on less than USD $1.90 / day? | | |
1.2.2 Proportion of men, women and children of all ages living in poverty in all its dimensions according to national definitions | Number / percentage of weavers living on less than USD $1.90 / day before working with [SE] | Before working with [SE]? | | ||
Measurement Opportunity Zone
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In addition to our core team, we leverage the skills and experiences of corporate executive volunteers and students. Corporate executives have given more than 575 virtual and face-time hours for skills-based support during our various Women Impacting Social Entrepreneurship (WISE) accelerator programs. Our advisors come from backgrounds of entrepreneurship, finance and impact investing.
PAST AND CURRENT PARTNERS
Madi Lommen
Global Partnerships
Pavani Jandhyala
Business and Finance Manager
Wendy Yap
Program Coordinator
Gail Wong
Advisor
OUR TEAM
We are conscious entrepreneurs, impact investors, finance professionals, authors, global citizens.
from corporate executives in our Women Impact Social Enterprise accelerator programs
575
HOURS OF VOLUNTEERING
combined in telecommunications, law, development, finance and entrepreneurship on our core team
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YEARS OF EXPERIENCE
With 15 years of experience in social impact investing, entrepreneurship and 30 years in technology, Laina has experience in law, investing, entrepreneurship, and writing. She is a senior academic lecturer and global thought leader in alternative investing for social and economic justice.
Laina Raveendran Greene
Founder and CEO
Our team is led by Laina Greene: social impact investor, entrepreneur, author, academic.
Our core team includes:
Breakout Discussion
What key ideas and recommendations emerged during your small group discussion?
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Report Out
We invite you to remain actively involved!
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Domain Listening Session
Topic: Environment & Infrastructure
September 15th, 2022
1:00 pm - 2:30 pm ET
Upcoming Meetings
Transportation
Stay informed about the WIN Measures update process and register for future listening sessions:
https://winnetwork.org/win-measures-updates �
Learn more about the WIN Measures: https://www.winmeasures.org/
Environment & Infrastructure