EY proudly supports groundbreaking Clinton Global Initiative commitment to develop and advance women-owned businesses

Although women own approximately a third of all companies worldwide, these businesses are estimated to account for less than 1% of large corporate spend globally, representing a considerable market opportunity for women entrepreneurs who are able to expand the scope and scale of their businesses.

The purpose of today’s commitment is to support the development of 15,000 women entrepreneurs outside the US and increase the spend with women-owned businesses by at least US$1.5b annually.

EY will work closely with WEConnect and Vital Voices, as well as a range of other stakeholders, including government departments, not-for-profit organizations and corporate businesses, to prepare women for entering into large corporate supply chains. As part of this commitment, EY will support women entrepreneurs through initiatives such as mentoring and providing access to networks, as well as seeking to track and increase its own spend with women-owned businesses.

Mark Weinberger, EY Global Chairman and CEO comments: “By uniting the power of government, nonprofits and corporates with these high-potential women entrepreneurs, we have a great opportunity to make a real difference and contribute to building a better working world.”