The EU-UN Women programme ‘WeEmpowerAsia’, launched in March 2019 in Indonesia, promotes women’s economic participation, especially in private sector businesses around Asia. In Indonesia, the programme has encouraged leading companies in the business world, including telecommunications conglomerate, Telkomtelstra, and the online fashion company, Sorabel, to become signatories to the Women’s Empowerment Principles (WEPs). To date, 16 companies in Indonesia have committed to advance the WEPs, as have over 2,700 companies globally.
The programme also organises workshops. On 22 November 2019, it brought together 20 female business leaders, entrepreneurs and investors at the Indonesia’s Women Leaders in Investing and Enterprises workshop, which was co-organised by UN Women Indonesia and Angel Investment Network Indonesia. Lack of capital and market access were identified as major challenges for women’s businesses, and it was agreed that the Indonesian government needs to enhance related policies and regulations. Participants also pledged to take joint steps to remove barriers to women’s full participation in the economy.
Businesses should step in to address social and structural problems that hamper women’s participation and leadership in the economy.
Ernest HutagalungChief Financial Officer of Telkomtelstra