🌍 How can we harness new technology and collective action to improve lives and our planet? This question fueled insightful discussions at last year’s Impact Data Summit, co-hosted with the The Rockefeller Foundation and DataDotOrg As we gear up for our third annual summit tomorrow, we're excited to reflect on four key takeaways from last year that will guide our conversations on advancing the United Nations #SDGs: 🌳 AI for #Sustainability: AI can help us achieve the U.N.'s Sustainable Development Goals, accelerating progress towards climate action, gender equality, and inclusive economic growth. 💡 Innovative Guardrails: AI needs context-specific regulations to foster trust and effectiveness and should evolve with technology to meet diverse community needs. 🤝 Collaborative Impact: Addressing fragmented data through cross-sector collaboration is essential as global partnerships can break down silos and enhance decision-making. 📊 Diversity in Data: To ensure accurate and equitable AI outcomes, we must prioritize #InclusiveData practices that address gender gaps and underrepresentation. Join us as we build on these insights and explore more actionable strategies for sustainable, equitable technology at our upcoming summit! https://lnkd.in/ehQ_KEkw #InclusiveGrowth #AIForSocialImpact #DigitalTransformation
Mastercard Center for Inclusive Growth
Financial Services
Purchase, New York 52,727 followers
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About us
The Mastercard Center for Inclusive Growth invests in research & programs that advance equitable economic growth and connects academics, practitioners, governments and businesses to catalyze change.
- Website
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https://mastercardcenter.org/
External link for Mastercard Center for Inclusive Growth
- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- Purchase, New York
- Founded
- 2014
- Specialties
- Financial Inclusion, Inclusive Growth, Small Business, Impact data science, Social Impact, Financial security, and Financial resilience
Updates
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🌊 The challenges faced by fishermen like David Shoshola highlight the pressing issues of #ClimateChange and economic hardship in coastal communities. With rising ocean temperatures and difficult seafood trade practices, many fishers struggle to make ends meet. Middlemen buy fish directly from boats for next to nothing — some 5.8 million fishers in the world earn less than $1 per day — and sell at a significant markup. That’s why we are proud to support innovations like the Abalobi app, which empowers small-scale fishers by improving market access and promoting #Sustainable practices. By harnessing fintech, we can enhance transparency in the seafood supply chain and help communities adapt to climate impacts while building a more resilient future. 🌱🐟 Read more: https://lnkd.in/eKxDjsby #Sustainability #Fintech #FinancialInclusion
A billion people are vulnerable to climate change and economic shocks. Can fintech solve for both?
mastercard.com
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How is corporate philanthropy helping the planet in 2024? In partnership with the World Economic Forum, we're pleased to share this whitepaper, released today, on the positive societal impact corporate philanthropy can have towards #climate issues. Hope it sparks ideas for you as well. https://lnkd.in/eDygdzxz
Less than 5% of #corporate #philanthropy is deployed to #climate and #nature. This white paper explores the role corporate philanthropy can play in accelerating climate and nature transitions. Through its grant-making, advisory capacity and participation in the broader ecosystem of decision-makers, philanthropy is working to drive action against climate and nature challenges. Find out more about how the World Economic Forum’s Giving to Amplify Earth Action (GAEA) platform is mobilizing $1 billion of smart, catalytic funding towards climate and nature interventions by 2030: https://lnkd.in/d6Ykr434 #SDIM24
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Did you know we are at the halfway mark in terms of the time left on the #SustainableDevelopmentGoals--and only 15% of them are on track? The Center's own senior analyst, Mycala Gill, reflects on #UNGA78. She shares what she's learned about how we can continue momentum on the all-important issues facing us, including climate change, gender equality, and education. Have a read. https://lnkd.in/e6R8_Tsp
We are “down at halftime,” but do we have what it takes?
Mycala Gill on LinkedIn
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Climate change hits the hardest-to-reach communities the most, yet these same populations often come up with creative solutions to survive and adapt. Our partner The Reach Alliance, formed by the University of Toronto, and the Center, brings together universities worldwide to study how these local efforts can offer lessons for tackling climate challenges on a larger scale. #inclusion #climateaction
🌎 Inclusive climate action is key to building a sustainable future. New insights in the Mastercard Center for Inclusive Growth's Newsroom from Reach Alliance alumni Jason Lo Hog Tian, Aisha S., Safaa Yaseen, and Peter Zhang, PharmD, MBA highlighting 5 transformative strategies to propel inclusive climate initiatives and ensure no one is left behind. Read the full article here: https://lnkd.in/eMtDKFQE #ClimateAction #InclusiveGrowth #Sustainability #Research #Innovation #ClimateWeekNYC
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Our collaboration with RISE in Egypt highlights the transformative impact of responsible wage digitalization in the apparel industry. Despite the barriers, including gender disparities and financial literacy gaps, the intiative has significantly reduced payroll costs and improved financial health for garment workers, particularly women. This success underscores the potential of digital wages to foster a more inclusive and resilient industry. Explore how #WageDigitization is paving the way for greater #FinancialInclusion and resilience in the garment sector.
Boosting Financial Inclusion in Egypt’s Garment Industry Our latest report dives into the results of our partnership with the Mastercard Center for Inclusive Growth in driving responsible wage digitalization for 24,000 garment workers across #Egypt. This initiative, which focuses on gender-sensitive digital wage transitions and financial literacy training, has empowered workers—especially women—to take control of their finances. The results are clear: a 53% reduction in payroll costs for employers, improved financial health for workers, and greater access to banking products. By supporting #WageDigitization, we can enhance #FinancialInclusion and resilience for garment workers, building a stronger and more inclusive industry. 🟡Learn more about our findings and how we're shaping the future of financial inclusion in the garment sector: https://lnkd.in/d5keUHdR #GarmentIndustry #InclusiveGrowth #RISEEqual Kamrul Hossain Shuvo Ella Moffat Charlotte Pallangyo
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AI is transforming industries, driving growth and innovation across the board. However, while 42% of large companies have already adopted AI, small businesses often face hurdles like cost and complexity that keep these powerful tools out of reach. To make AI truly inclusive, it's essential to create solutions that are accessible, easy to use, and designed with small businesses in mind. Mastercard Strive is helping to bridge this gap by supporting initiatives that empower small businesses with the benefits of AI. Discover three innovative AI tools from our partners Datasketch, Community Reinvestment Fund, USA, and Vested Impact that are helping small businesses thrive in the evolving tech landscape. Read more: https://lnkd.in/eYBzb5rd #InclusiveAI #SmallBiz
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Mastercard Center for Inclusive Growth reposted this
🟡 Mastercard and RISE Mark Significant Progress in Wage Digitalization Project, Reaching 24,000 Garment Workers Across Egypt 🟡 Mastercard Center for Inclusive Growth (Center) and RISE (Reimagining Industry to Support Equality) announce significant progress in their joint #WageDigitalization project in #Egypt, which aims to enhance financial inclusion and resilience among garment workers. Since its launch in 2019, the initiative has successfully expanded to nine factories across five governorates, benefiting over 24,000 workers, including 43% women. The newly released report, "Increasing Financial Inclusion in Egypt’s Garment Sector through Responsible Wage Digitalization: Benefits for Workers and Business", showcases the transformative impact of the initiative. Read the full press release: https://lnkd.in/dJ-ghJdc Also available in Arabic: https://lnkd.in/dHDVKywQ
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In the US, community credit unions are key players for directing federal funds for energy efficiency, electrification and carbon reduction to the right local businesses. This approach not only supports communities in transition but also sets a model for globally scaling sustainable and inclusive economic growth. Learn more in this post. #inclusivegrowth #climateaction
Community credit unions have long been pillars of support in underserved areas, and after Hurricane Maria, Puerto Rico’s Cooperativas were no exception. Inclusiv’s work in #PuertoRico is a powerful example of how mission-driven financial institutions can drive lasting change. By equipping Cooperativas with the tools to access $308 million in CDFI grants, Inclusiv not only supported local communities but also paved the way for sustainable growth. Now, with the historic $1.87 billion Greenhouse Gas Reduction Fund, Inclusiv is leading the charge to ensure low-income communities across the U.S. can benefit from the clean energy economy. Read more about this critical work from Mastercard Strive USA grantee Inclusiv in our latest article: https://bit.ly/4d6zmhH #GGRF #MastercardStrive #InclusiveGrowth #FinancialInclusion #SmallBusiness
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Mastercard Center for Inclusive Growth reposted this
🟡 Increasing Financial Inclusion in Egypt’s Garment Sector through Responsible Wage Digitalization: Benefits for Workers and Business 🟡 📅 Join RISE and Mastercard Center for Inclusive Growth Mastercard at the #DigitalWages session at Seamless North Africa in Cairo 2-3 September. https://lnkd.in/dNPAnsNN Our panel will discuss responsible #WageDigitization as part of the Fintech, Payments and Banking Agenda. This is an exciting opportunity to encourage the financial service industry to consider and include garment workers in their payroll and #FinancialInclusion strategies. The RISE and #Mastercard partnership in #Egypt has demonstrated that responsible wage digitization that considers the needs of workers, especially women, can lead to benefits for workers and business. This includes increased usage and benefit from financial products and services, such as paying bills, sending remittances or savings accounts; increased efficiency and transparency in globally supply chains, while creating an active market segment for financial service providers and helping to meet govt financial inclusion and financial literacy goals. There is an opportunity for the financial industry to work with the garment industry to take this to scale in a way that can lead to increased financial inclusion and improved financial health for women and men workers across the industry. This includes developing use cases for a range of relevant and affordable financial products and services, such as savings and merchant payments, and working with the garment sector to provide workplace support and training, that considers the needs of women, on how to access and benefit from them. Seamless North Africa: the future of digital commerce brings together two core eco-systems, payments, fintech and banking alongside retail and e-commerce. #SeamlessNA