While there is data to support that closing the gender gap would increase the GDP of countries around the world and advance sustainable development globally, women continue to face a range of legal barriers to economic empowerment. According to the World Bank’s Women, Business and the Law 2016, almost 90 percent of 173 countries researched have at least one legal barrier restricting women’s empowerment. Bringing down these barriers is an economic and business imperative and critical to achieving a range of Sustainable Development Goals (SDGs), most notably, SDG5 and SDG16.
In follow-up to the UN Secretary-General’s High-Level Panel on Women’s Economic Empowerment, this high-level event will bring together global business leaders, UN Ambassadors, heads of business associations, UN agencies and civil society organizations to discuss the opportunity to spur economic development, propel business growth and advance the Sustainable Development Goals by removing legal barriers to women’s economic empowerment. Business leaders will highlight their commitment to the UN Global Compact and the Women’s Empowerment Principles, and how good governance creates an enabling environment for sustainable and inclusive business to flourish.