Grants and Contributions:

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Title:

Leadership and Systemic Change in Canada's Finance Industry For BIPOC Women and Gender Diverse Professionals

Agreement Number:

WP230498

Agreement Value:

$468,820.00

Agreement Date:

Jul 10, 2024 - Mar 31, 2027

Description:

Through this 33-month systemic change project, VersaFi will help advance BIPOC (Black, Indigenous, and People of Color) women and gender-diverse professionals’ representation in leadership and decision-making roles through systemic change. Specifically, the project will address systemic barriers to senior leadership within Canada's finance industry by conducting a nationwide survey and focus group discussions with BIPOC women and gender-diverse professionals in the industry to understand their unique challenges. VersaFi will incorporate Gender-Based-Analysis Plus (GBA+) principles and practices to ensure an intersectional perspective, considering both gender and racial factors. The project will aim to understand the effectiveness of existing diversity initiatives and develop evidence-based recommendations for systemic change. Progress will be tracked through data analysis and an external evaluator will measure and assess the impact of the systemic change project, with success measured by the depth of insights gained, the effectiveness of recommendations to be implemented, and increased awareness. By fostering equity, diversity and inclusion, this project strives to enhance the representation of BIPOC women and gender-diverse professionals in senior leadership roles, contributing to a more equitable and inclusive finance industry in Canada.

Organization:

Women and Gender Equality Canada

Expected Results:

Women and stakeholders have access to supports to address issues relating to equality between women and men.

Location:

Toronto, Ontario, CA M5C 2V9

Reference Number:

001-2024-2025-Q2-00181

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Type:

Not-for-profit organization or charity

Recipient's Legal Name:

VersaFi

Program:

Women's Program

Program Purpose:

The purpose of the Women’s Program is to advance equality for women in Canada by working to address or remove systemic barriers impeding women’s progress and advancement. The WP supports the Government of Canada’s goal of advancing gender equality in Canada. It is consistent with Government of Canada priorities related to economic prosperity, and supports Canada’s international commitments related to gender equality.