UN Women expanding its strategic partnership with the private sector

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TBC Bank CEO Vakhtang Butskhrikidze and the UN Women Country Representative in Georgia, Kaori Ishikawa signed the Memorandum. Photo: TBC
TBC Bank CEO Vakhtang Butskhrikidze and the UN Women Country Representative in Georgia, Kaori Ishikawa signed the Memorandum. Photo: TBC
TBC Bank CEO Vakhtang Butskhrikidze and the UN Women Country Representative in Georgia, Kaori Ishikawa signed the Memorandum. Photo: TBC

Within the framework of the United Nations Women’s Empowerment Principles, UN Women has had a long-standing, close cooperation with the Georgian private sector. This partnership is gradually expanding in support of gender equality through new initiatives, becoming even more strategic.

An example of this cooperation is the memorandum signed on 6 April between UN Women and one of the largest Georgian banks, TBC. The document was signed by Kaori Ishikawa, UN Women Country Representative in Georgia, and TBC Bank CEO Vakhtang Butskhrikidze.

Under the memorandum, UN Women and TBC will implement joint initiatives in various areas. These will include the professional development and employment of women, support for women entrepreneurs, encouragement of women and girls in information and communications technology, raising public awareness about gender equality, and other related issues.

Following the signing of the memorandum, Ms. Ishikawa spoke about the role that TBC, as one of the largest employers in the private sector, plays in achieving the UN Sustainable Development Goals, including on gender equality: “Since 2020, UN Women and TBC have been actively cooperating in the sphere of engaging women and girls in information and communications technology. I am confident that this memorandum will further deepen and diversify our partnership.”

TBC is a signatory company of the Women’s Empowerment Principles and pays special attention to gender mainstreaming and advocacy. According to 2021 data, women make up 68 per cent of TBC’s employees overall and 35 per cent of its top managers. Currently, TBC, together with UN Women, is implementing an important project, “500 Women in Tech”. The initiative aims to increase the involvement of women and girls in technology.

As Mr. Butskhrikidze noted, the commitment to women’s rights and gender equality is an integral part of TBC’s corporate culture: “The strategic partnership based on common values and vision between TBC and UN Women is a good example of how two organizations support women’s economic empowerment. I am sure we will implement many interesting and useful initiatives together.”

The memorandum is part of the Women in Economic Empowerment component of the “Good Governance for Gender Equality in Georgia” project, which is supported by the Government of Norway.