Women are poised to take a big leap forward in sustainable transportation. The mobile transport platform Didi Chuxing, known as DiDi, and the International Finance Corporation, a member of the World Bank Group, have signed a Memorandum of Understanding to drive gender equality, digital financial inclusion, green finance and cross-border cooperation in emerging markets.
Jean Liu, president of DiDi, (left) signed the Memo of Understanding with Stephanie von Friedeburg, chief operations officer
of the International Finance Corporation in Beijing, China, April 27, 2018. (Photo courtesy Didi Chuxing)
DiDi is one of the world’s largest mobile transportation platforms. More than 21 million drivers use the DiDi platform to find flexible work and income opportunities.
The company offers a full range of app-based transportation options for over 450 million users, including Taxi, Express, Premier, Luxe, Hitch, Bus, Minibus, Designated Driving, Enterprise Solutions, Bike, and food delivery.
DiDi collaborates with cities, the taxi industry and communities to solve the world’s transportation, environmental, and employment challenges with smart transportation innovations.
DiDi has formed a global rideshare partnership network with Grab, Lyft, Ola, Uber, 99, Taxify, and Careem, reaching over 80 percent of the world’s population.
And last week, DiDi and 31 auto industry partners launched an unprecedented alliance to build an integrated car operator platform. Key areas of cooperation include auto sales and leasing, services, finance, fleet operation and carsharing, and co-development of vehicles and industry standards.
The IFC is the largest global development institution focused on the private sector in emerging markets. IFC works with more than 2,000 businesses worldwide, using its capital, expertise, and influence to create markets and opportunities in the toughest areas of the world.
Under the new agreement, the two entities will explore opportunities to leverage disruptive technologies to accomplish four goals:
- Empower women passengers, drivers, employees, and women-owned micro, small and medium enterprises;
- Provide quality financial services to DiDi’s over 21 million drivers and car owners, and over 450 million passengers;
- Promote green finance initiatives to support sustainable and green economic development, including the promotion of electric vehicles and smart city management; and
- Support cross-border cooperation leveraging IFC’s tailored products, advisory services and global network of contacts.
Didi Chuxing President Jean Liu said, “DiDi believes the technology sector has a special responsibility to advance gender inclusion, job creation, and fair and sustainable growth in today’s fast-changing global economy. IFC is a global leader for inclusive development through its deep-rooted financial initiatives. We look forward to developing financial and technology innovations for social empowerment through our long-term collaboration in China and around the world.”
Women currently make up 40 percent of DiDi’s employee base. In 2017, DiDi launched DiDi Women’s Network (DDWN), a career development initiative to drive awareness and opportunities for its female employees.
In addition, nearly 2.3 million female drivers work with DiDi to provide reliable mobility services, making up 10 percent of drivers on the DiDi platform. Among them, 80 percent are mothers with young children who are able to find flexible work and income opportunities through DiDi’s platform.
Last week, Liu discussed how DiDi empowers women and the advantages of female leadership during the 2018 World Bank and IMF Spring Meetings in Washington, DC. Listen to her comments here <http://live.worldbank.org/disrupting-gender-divide> and here https://live.worldbank.org/spring-meetings-2018-global-voices-interview-jean-liu?cid=ECR_FB_worldbank_EN_EXT>.
Friedeburg said, “IFC is delighted to partner with Didi Chuxing on financial inclusion, women’s empowerment and the green agenda. Disruptive technologies like those DiDi has embraced are a key part of IFC’s strategy to create new markets and opportunities for millions around the world.”
In Fiscal Year 2017, IFC delivered a record $19.3 billion in long-term financing for developing countries, leveraging the power of the private sector to help end poverty and boost shared prosperity.
By Sunny Lewis
Environment News Service (ENS)
April 30, 2018