FOR IMMEDIATE RELEASE
VANCOUVER, BC, November, 2023 — Having long been involved with predecessors GenderSmart and 2X Collaborative, Canadian Impact Asset Manager Deetken Impact is thrilled to formally join the 2X Global family that now boasts over 100 members worldwide.
As a champion of gender lens investing (GLI) for over a decade with USD$145MM in AUM across five impact funds, the natural synergy was immediately evident between Deetken Impact and 2X Global – a global network on a mission to equip and engage the full spectrum of investors, intermediaries, and innovators in transforming systems of finance through the gender-smart deployment of capital across asset classes and markets.
“We are very excited to become part of 2X Global, a remarkable organization which has made great contributions towards the growth and standardization of GLI and continues to make strides in emerging themes of great interest to Deetken Impact such as the intersection of gender equality and climate change, data collection and validation, and JEDI (Justice, Equity, Diversity, and Inclusion). We look forward to contributing and learning in the communities of practice and member-led groups as well as sharing pipeline and co-investment opportunities that enable us to make faster and lasting progress towards our common goal of gender equality.”
Central to Deetken Impact’s investment thesis is the recognition that achieving Sustainable Development Goal (SDG) 5, Gender Equality, is essential to achieving all of the 17 SDGs and to maximizing social and environmental impacts. As early GLI leaders, the team is committed to supporting gender equity across all business activities and to implementing investment management practices that empower women. Their proprietary Gender Lens Investing framework enables Deetken to identify, invest in, and engage with companies that are committed to gender equality and empowering women, while fostering diversity across internal operations, incorporating gender considerations and metrics at every step of the investment process to assess, monitor, and advance companies’ gender business practices.
Today, Deetken Impact is proud to have invested in 58 companies and projects that are meaningfully advancing gender equality, with 50% of employees and 70% of end beneficiaries and clients identifying as women. Beyond mobilizing capital and innovating impact measurement standards, the Deetken Impact team has pioneered technical assistance projects addressing key obstacles to the adoption of gender-smart investing and business practices in Latin America & the Caribbean, helped to launch and steer Canada’s first Gender Lens Investing Community of Practice by Canada Forum for Impact Investment and Development (CAFIID), and sent a delegate to the United Nations’ 66th Commission on the Status of Women.
Nonetheless, we know that there is much work to be done to achieve gender equality, and 2X Global provides a forum to accelerate progress.
“We’re so pleased to bring Deetken Impact fully into the 2X Global community. Having been associated with both of our predecessor organisations – 2X Collaborative and GenderSmart, we know them well and are familiar with their depth of expertise and demonstrated commitment to gender lens investing. I know having them among our membership will be of great mutual benefit as it will contribute to a robust exchange of knowledge and insight.”
Joining 2X Global’s impressive coalition of industry changemakers enables us all to be greater than the sum of our parts; providing the catalyzing momentum needed to transform financial systems, mainstream gender lens investing, and advance women’s empowerment with intention and integrity.
About Deetken Impact
Deetken Impact is a Canadian registered impact asset manager focused on delivering strong, stable returns to investors by supporting businesses that make a meaningful contribution to the Sustainable Development Goals in Latin America and the Caribbean. Together with its joint venture partners, Deetken Impact Sustainable Energy and Deetken Impact Alternative Finance, Deetken Impact manages US$145 million in assets across five funds with a diverse team of seasoned investment professionals based in North, Central, and South America. Together they have been an Impact Assets 50 Manager since 2020.
About 2X Global
2X Global is a global membership and field-building organization for investors, capital providers, and intermediaries working in public and private markets, across both developed and emerging economies. We engage our global network through a series of activities that advance intersectional investment agendas, scale the field, shift mindsets, and facilitate capital deployment. These include a series of Communities of Practice, educational forums, shared resources, certification and standards, and deal-sharing platforms. By working together with the full spectrum of investors, capital providers, mobilisers, and influencers, we will help shape the market on a whole new level, ultimately transforming systems of finance through the gender-smart deployment of capital across asset classes and markets.