WEConnect International 2023 Annual Report

2 0 2 3 A n n u a l I M PA C T R e p o r t

ABOUT US

OUR MISSION

OUR VISION

WEConnect International is the leading global nonprofit helping corporations, multilateral agencies, and governments identify, register, train, and certify Women-Owned Businesses to compete and succeed in global value chains.

WEConnect International helps drive money into the hands of women business owners by enabling them to compete in the global marketplace.

A world in which women have the same opportunities as men to design and implement business solutions that create wealth and the sustainable prosperity of their communities.

Invest in Women.

Buy Women Owned.

LETTER FROM OUR LEADERSHIP.................................................................... 5 OUR IMPACT................................................................................................................. 6 THE POWER OF WOMEN....................................................................................... 8 YEAR IN REVIEW..................................................................................................... 1O SERVICES WE DELIVER.......................................................................................... 11 PARTNERSHIP PROJECTS.................................................................................... 16 WECONNECT ACADEMY.................................................................................... 20 REGIONAL INITIATIVES........................................................................................ 22 MEMBERSHIP ............................................................................................................ 24 AUDITED FINANCIAL PERFORMANCE........................................................ 29 OUR THANK YOU.................................................................................................... 30 THE YEAR AHEAD.................................................................................................... 32 BOARD OF DIRECTORS AND GLOBAL TEAM.......................................... 33

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Dear WEConnect International Community: In this year’s Annual Impact Report, we are proud to publicly celebrate the impact of our work to create more sustainable prosperity for Women-Owned Businesses across the globe through high-quality business education, training and connections.

It is our honor to provide you with clear evidence of our Impact Through Connections. In 2023, our network grew to represent 18,000+ WomenOwned Businesses, 135 global markets, 185+ Member Buyers with over $4 trillion in combined annual purchasing power, and over $24 billion in spend with Women-Owned Businesses.

In 2023, we demonstrated again that when we put more money in the hands of women, we help create sustainable economic prosperity for all because of the way the women spend their money on their employees, families and communities. The women business owners we serve are inspiring and resilient role models that deserve the economic benefits and market advantages that come with delivering innovative and sustainable solutions to market challenges.

Our role is to make it as easy as possible for women business owners to access our member buyers so that they can thrive together. And there is no doubt that policies and initiatives focused on diversity are under attack,

and that means we must continue to educate businesses, governments, multilaterals, academic institutions, and NGOs on the benefits of inclusive business practices.

The world is full of complex challenges, and this is why we are so grateful for our Member Buyers, global strategic partners, funders, and global team of passionate subject matter experts who help us to identify Women-Owned Businesses that are uniquely qualified to deliver powerful solutions to economic and social challenges.

We continue to lead the global inclusive sourcing movement, but corporate and government purchasing from Women-Owned Businesses is still below 1% of their total annual global spend. We simply cannot afford to wait another 131 years to close the global gender gap, so please join us as we approach our 15th year of collective impact.

Together, we will strengthen our resolve, lead by example, and demonstrate what it means to deliver Impact Through Connections.

DENISE NAGUIB Chair of the Board ELIZABETH A. VAZQUEZ President, CEO & Co-Founder

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$4,000,000,000,000 Member Buyer global purchasing power

$24,000,000,000 Member Buyer total global spend with Women-Owned Businesses

$5,000,000,000 Member Buyer spend with Women-Owned Businesses based outside of the United States

18,000+

11,400+

Women-Owned Businesses registered in WECommunity

Women business owners trained in person and online

1,200+

185+

Member Buyers

Women-Owned Businesses certified with WEConnect International

135+

Markets with WomenOwned Business registration

61

Markets with Women’s Business Enterprise certification

10

Languages available in WECommunity

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Each year we survey the Women-Owned Businesses we serve to measure the impact of WEConnect International support, and the changes in their personal and professional prosperity. 65% of survey participants grew in revenue, and they reported the following impacts to their businesses, lives, and communities:

96%

83%

reported WEConnect International helped them connect with access to finance or new revenue

used the additional revenue to reinvest in their business

76%

69%

pursued at least one environmental or sustainability project or initiative

networked with other Women-Owned Businesses

85%

50%

33%

Women make or influence over 85% of consumer purchasing decisions.

Women make up 50% of the world’s population.

Women own 33% of all privatelyowned businesses.

And Yet…

Women-Owned Businesses

earn less than 1%

of corporate and government spend globally.

According to the World Economic Forum, it will take another 131 years to close the global gender gap.

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13%

14%

59%

Men earn 13% more than women while doing the same job.

Women hold only 14% of executive positions in supply chain organizations.

59% of working women supply half or more of their family’s household income.

(Eurostat, 2023)

(Chendrick, 2023)

(ILO, 2023)

THE BRIGHT SIDE YOU can change this today by leveraging your purchasing power and WEConnect International is here to help!

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GROWTH IN OUR GLOBAL NETWORK In 2023, our network has seen impressive growth across all metrics. There has been an increase in the number of markets served, Women-Owned Businesses registered and certified, Member Buyers, and the amount our Member Buyers spend with WomenOwned Businesses in all geographic regions.

MARKETS SERVED In 2023, WEConnect International expanded the number of countries we serve, and we launched our Women’s Business Enterprise Certification in Austria, Belgium, Pakistan, Italy, and Vietnam.

6%

GROWTH IN REGISTERED WOMEN-OWNED SUPPLIERS

The number of registered suppliers in our network grew to more than 18,000, which represented a 6% growth rate in 2023. In fact, all regions grew in 2023, and South Asia experienced the largest growth rate at 20% over the course of the year.

30%

GROWTH IN CERTIFIED WOMEN-OWNED SUPPLIERS

The total number of Certified Women’s Business Enterprises grew by 30%, to a total of 1,200. We had double digit growth in all regions and a robust performance of 41% growth in Latin America.

10%

GROWTH IN BUYER MEMBERSHIP

Our number of Member Buyers reached 186 by the end of 2023, representing an encouraging 10% growth rate in one year.

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WEConnect International is driving more money into the hands of women business owners by enabling them to compete in the global marketplace. We identify, educate, register, and certify Women’s Business Enterprises that are at least 51% owned, managed, and controlled by one or more women, and then connect them with member buyers.

For 15 years, the WEConnect International team has helped global corporations as well as multilateral and government

agencies launch and build their gender inclusive sourcing strategies, including customized projects designed to deliver on a partner’s unique goals in support of women’s economic empowerment. Funders include Government Agencies such as the United States Agency for International Development and the United States Department of State, multilateral financial institutions such as the World Bank Group, the United Nations, the Asia Development Bank, and many of the world’s largest multinational corporations and foundations.

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LAUNCH IN NEW MARKETS We launch in new markets based on demand from Member Buyers, the available supply of products and services offered by WomenOwned Businesses, and funding to hire, train, and support local representatives and partners. The process typically includes strategic research on the ecosystem, a stakeholder awareness campaign, launch of a certification program, capacity building for both buyers and women suppliers seeking to do business together, and hosting in-person and virtual business events for learning and connecting such as trainings, matchmaking, and conferences.

ECOSYSTEM MAPPING We help partners collect baseline data on women business owners in a target market, identify key stakeholders that could serve as potential partners, map relevant government support, policies, and policy gaps that effect women as business owners, and deliver results reports on key findings.

STAKEHOLDER ROUNDTABLES We raise awareness and educate corporations, government officials, civil society, thought leaders, and other policy makers on the value of women as business owners, develop relationships with key stakeholders to engage in programs in multiple languages, and finalize and share results with relevant stakeholders on key challenges and recommendations for action, collaboration, and impact.

TARGETED AWARENESS CAMPAIGNS We engage with our partners to develop targeted awareness campaigns for women business owners and Member Buyers,

educating them on the economic and social benefits of buying from WomenOwned Businesses. Collaborating with key stakeholders, we then organize and host campaign launch events and follow up activities to encourage women-business owners to register their business inside WECommunity, our multilingual online global database of women suppliers used by Member Buyers to search for products and services and to post business opportunities.

LAUNCH CERTIFICATION Our goal in new high-growth markets is to move beyond free WECommunity registration to add Women’s Business Enterprise Certification. When funding is available we can partner with local assessors, Member Buyers, and government officials to identify the documentation required to ensure applicants meet our Certification Standards. Certification services are now available in markets representing 70% of the world’s population.

TRAINING WOMEN BUSINESS OWNERS We strengthen the capacity and confidence of women business owners to think big and grow their companies through access to markets, develop localized WEConnect Academy training curriculum to meet the needs of local participants, and host workshops tailored to local needs identified by our Ecosystem Mapping and Stakeholder Roundtables. More than 11,400 women business owners were trained in 2023.

BASELINE MAPPING FOR MEMBER BUYERS We help Member Buyers collect baseline data on their current spend with women suppliers, develop annual diverse supplier spend objectives, identify and

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engage internal champions, identify procurement opportunities, provide access to WECommunity to find potential women suppliers, leverage WEConnect International professional staff and other Member Buyers as resources, and measure success both internally and relative to other organizations or agencies.

of women as suppliers, the business case for Supplier Diversity & Inclusion, inclusive sourcing strategy development and implementation, how to engage key stakeholders inside and outside of the organization, global and local best practices, and how to set targets and measure progress over time for tracking impact and follow-up.

EXECUTIVE LEVEL TRAINING ON INCLUSIVE SOURCING

BUSINESS CONNECTIONS

We take pride in our ability to strengthen our Member Buyers and other partners’ understanding of Supplier Diversity & Inclusion and Gender Inclusive Sourcing.

Areas of training include the power

We host a variety of in-person and virtual business events for learning and connecting, such as customized trainings, matchmaking events, and local, regional and global conferences.

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•

Antigua and Barbuda

•

Dominica

•

Argentina

•

Ecuador

•

Austria

•

El Salvador

•

Australia

•

France

•

Bahamas

•

Germany

•

Bangladesh

•

Grenada

•

Barbados

•

Guatemala

•

Belize

•

Guyana

•

Bermuda

•

Honduras

•

Brazil

•

Hong Kong

•

British Virgin Islands

•

India

•

Canada

•

Indonesia

•

Cayman Islands

•

Ireland

•

Chile

•

Israel

•

China

•

Italy

•

Colombia

•

Jamaica

•

Costa Rica

•

Japan

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•

Kenya

•

Malaysia

•

Mexico

•

Montserrat

•

Netherlands

•

New Zealand

•

Nigeria

•

Pakistan

•

Panama

•

Peru

•

Philippines

•

Poland

•

Saint Kitts and Nevis

•

Saint Lucia

•

Saint Vincent and the Grenadines

•

Singapore

•

South Africa

•

Spain

•

Sri Lanka

•

Switzerland

•

Taiwan

•

Trinidad and Tobago

•

Turkey

•

Turks and Caicos Islands

•

United Kingdom

•

United States

•

Vietnam

WEConnect International also has registered Women-Owned Businesses in 139 markets.

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STRENGTHENING the business capacity of Women-Owned Businesses in India, Bangladesh, Sri Lanka, and Maldives in partnership with the U.S. Department of State, Bureau of South and Central Asian Affairs The project delivered 1,050 hours of capacity building training, including a newly designed 12-hour Advanced Business Training for 308 Women-Owned Businesses. The impact assessment revealed that 63% of Women-Owned Businesses attributed the growth of their business networks to specific training they received under the project, 58% won new business as a direct result of the training and networking, 61% increased their revenues, and 72% reinvested in their organization by hiring additional staff.

All of these milestones were achieved while simultaneously educating major corporations on the benefits of genderinclusive sourcing.

HARNESSING the power of the Asia-Pacific Regional Conference 2023: Going Global conference platform for corporations, Women-Owned Businesses, and other government and non-government stakeholders as a powerful catalyst for success and sustainability for both women entrepreneurs and large buyers This global trade conference was one of WEConnect International’s largest regional events across 15 countries, which drew 417 ecosystem partners with the goal of generating long-term opportunities for Women-Owned Businesses to develop the skills necessary to connect with and conduct business with large buyers, including local and multinational corporations, government agencies, and non-governmental organizations.

Business-to-business matchmaking sessions during the Sri Lanka event connected 70+ Women-Owned Businesses

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with 18 corporate buyers, with 380 business connections made. More than 300 business connections were made during the India event, and further promoted the flourishing trend of Women-Owned Businesses doing business with and making connections among themselves.

EMPOWERING Women Who Own Small and Medium-Sized Enterprises by Facilitating World-Class Training, Access to Value chains, Resources, Networks, and Growth Opportunities. In partnership with We-Fi, the Inter-American Development Bank, and Arizona State University’s Thunderbird School of Global Management During the second year of this three year “WE3A” project, which takes its name from the three pillars of collaboration —Women

Entrepreneurs who Aspire, Activate and Accelerate— allowed nearly 1,000 businesswomen in Guatemala, Honduras, El Salvador, Costa Rica, Guyana, and Ecuador to grow their skills in leadership, operations, strategic planning, and finance.

WE3A also educated more than 200 corporate buyers in critical sectors on the economic benefits of women as business owners and suppliers of products and services.

TRANSFORMING gender-inclusive sourcing in partnership with the World Bank Group This partnership aimed to educate and encourage Women-Owned Businesses to compete for business opportunities and support the World Bank’s ambitious public goal of increasing spend with Women-

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Owned Businesses to 7% by the end of 2023. The collaboration identified over 500 Women-Owned Businesses globally, including those in small markets with limited economic opportunities for women.

More than 120 eligible Women-Owned Businesses were invited to participate in nearly 700 corporate procurement opportunities, and the campaign successfully matched more than 50% of these projects with eligible Women-Owned Businesses. The success of this initiative is not only measured in numbers with the World Bank Group achieving its 7% spend goal, but in the lasting impact it has created for Women-Owned Businesses globally and the communities they serve.

DRIVING change through a partnership with the ExxonMobil Foundation to identify, educate, assess, certify, and connect more growth-oriented WomenOwned Businesses to the global marketplace The 2023 grant from ExxonMobil significantly bolstered our key global programming pillars, and among other achievements, enabled our team to further diversify our in-person and online training initiatives, enhance localized training content, and implement custom programs educating buyers and women-owned suppliers. More than 8,400 WomenOwned Businesses benefited from enriched education and capacity building through market access training and general business growth education events.

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DELIVERING world-class curriculum and eLearning modules to promote women's entrepreneurship and long-term financial sustainability for Women-Owned Businesses in partnership with Moody’s The Moody’s Bootcamps are designed to increase the sustainability knowledge and skills of women business owners, which will empower them to grow their businesses while promoting and implementing sustainability practices and approaches in their businesses and communities.

We leveraged the expertise of Moody’s financial decision-making subject matter experts to train Women-Owned Businesses in 13 countries on how to increase credit worthiness that translates into better access to capital and access to markets.

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WEConnect Academy provides state-of-the-art in-person and online training to help our global network of women business owners achieve their growth objectives and become business-ready to close deals with each other and large buyers. Women-Owned Businesses use WEConnect Academy to: • • • •

Learn from experts on how to engage with large buyers Master innovative business tools and strategies Lay a solid foundation to attain growth targets Take a business to the next level with useful knowledge, including tips and tricks for developing and implementing marketing, finance, and talent management strategies.

Women-Owned Businesses and our Member Buyers can access the new eLearning portal and course catalogue for capacity building training programs such as: Driving ESG Awareness In a rapidly evolving business landscape, Environmental, Social, and Governance (ESG) principles have become pivotal in shaping business strategies, investor relations, and long-term viability. ESG criteria allow organizations and investors to assess and measure a company's performance in areas beyond traditional financial metrics. This project aims to raise awareness and integrate ESG principles into the day-to-day operations of WomenOwned Businesses.

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Sustainable Supply Chain Management With support from Danone, Diageo, and Google, this program provides diverse-owned businesses with the skills and resources needed to implement sustainable business practices in recycling, packaging, and plastics, and understand future buyer needs. It aims to enhance their competitiveness in global value chains by focusing on sustainability. The program targets up to 150 diverse-owned businesses from various sectors, including women-owned, LGBTQIA+-owned, disability-owned, and minority-owned businesses, providing them with the knowledge and tools to adapt their business models to meet sustainability demands.

In 2023, 92% of the diverse businesses engaged added new sustainability skills to their business practices.

Procurement Readiness The Global Procurement Readiness Tool is designed to help companies assess their capacity to meet large buyer requirements, identify their strengths, and address opportunities for improvement. This tool aims to prepare Women-Owned Businesses to compete for contracts with large buyers, facilitating more business opportunities and enhancing their market competitiveness.

Together Building Sustainable Prosperity This project focuses on the long-term financial sustainability of Women-Owned Businesses in emerging countries. It aims to educate and empower these businesses to adopt environmentally sustainable practices, contributing to ecological restoration in their countries. By promoting sustainable prosperity, the project seeks to ensure that WomenOwned Businesses play a crucial role in environmental protection within their homes and communities.

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Networking and matchmaking—connecting women business owners with our Member Buyers to maximize impact—is at the heart of everything we do at WEConnect International.

The impact of making just one such connection can be lifechanging for a Women-Owned Business, drive invaluable change within a large organization seeking innovation, and have societal implications beyond the actual financial transaction.

More than 1,000 business connections were made at our annual Regional Conference in Brazil. At least seven Women-Owned Businesses confirmed they had closed new business deals as a direct result of the connections made at the event.

Meet the Member Matchmaking events contributed positively to 61% of women business owners’ success in the marketplace.

(WEConnect International Annual Women-Owned Business Survey, 2023)

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“WEConnect International’s multi-national and multi-regional footprints are an asset to the advancement of women in business ownership and the globalization of corporate supplier diversity programs.

They provide positive momentum for Women-Owned Businesses’ access to opportunities, which serves as a catalyst for diverse spend acceleration across industries.”

—Genne McDowell, Global Supplier Diversity & Social Responsibility Director, Dow

“Baker Hughes is proud to support WEConnect International and our shared vision of promoting inclusive and sustainable economic growth, as well as reducing inequality within and among countries. Our partnership will help develop nationwide marketing campaigns and learning systems to help drive revenue and grow the number of registered Women-Owned Businesses in the WEConnect network.”

—Anna Strachan, Supplier Diversity Program Manager United Kingdom, Baker Hughes

“As a proud partner of WEConnect International, we have witnessed firsthand the unparalleled value and innovation that global Women-Owned Businesses bring to the table through this vibrant WEConnect International network. Together we can drive meaningful change and create a more inclusive, equitable global economy.”

—Cheryl Hofmeister, Head of Supplier Diversity, Organon

2022 WECONNECT INTERNATIONALINTERNATIONAL ANNUAL REPORT ANNUAL | PAGE 24IMPACT REPORT PAGE 24 | 2023 WECONNECT

Half of the Fortune Top 50 corporations are now WEConnect International Member Buyers.

View the latest list of Member Buyers.

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MEMBER BUYERS We help large buyers diversify their supplier base to: • Innovate for competitive advantage • Manage risk and costs through competition • Increase shareholder value • Demonstrate local and national content commitments • Mirror citizen and employee bases • Build community engagement • Access local knowledge and networks • Support local and global trade policy • Contribute to inclusive economic growth

WEConnect International Member Buyers reported spending more than $5 billion with nonU.S. Women-Owned Businesses in 2023.

POLICY MAKERS Inclusive sourcing is increasingly important to policy makers who want to see trade work for small businesses as an engine for economic growth and job creation.

MEMBERSHIP TRENDS Members

Membership Revenue

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KEY EVENTS We held our successful 7th Annual Global Supplier Diversity & Inclusion Symposium and continued to host best practices webinars throughout the year. Please be sure to visit our Supplier Diversity & Inclusion Resources page to view the webinars and other best practices resources.

INDUSTRY GROUPS In addition to the Automotive/Manufacturing, Food & Beverage/Agriculture, Healthcare, and Technology Industry Groups, we launched the Chemical, Oil & Gas Industry Group. These Global Industry Groups bring together Member Buyers to focus on specific industry related needs, share best practices, and support one another with their global efforts.

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In partnership with Disability:IN and the National LGBTQ Chamber of Commerce (NGLCC), WEConnect International announced its 2023 Top Global Champions for Supplier Diversity & Inclusion, recognizing some of the world’s largest buyers with a demonstrated commitment to global inclusive sourcing from diverse groups including minority-, women-, LGBTQ+- and disabled-owned businesses.

This distinction recognizes large buyers for achieving the highest percentages of nonU.S. diverse spend among all survey participants, and the awardees were announced at the WEConnect International awards ceremony during the annual Global Symposium for Diversity, Equity & Inclusion.

2023 awardees were honored in platinum, gold, silver, and bronze categories. These WEConnect International Top Global Champion Award-winning multinational giants are leading the way toward more inclusive global value chains.

The 2023 Platinum Top Global Champions for Supplier Diversity & Inclusion included: AstraZeneca, CBRE, CDW, Diageo, ExxonMobil, EY, Ford, Intel, JLL, Johnson & Johnson, Kelly Services, Kyndryl, Merck, Micron, and The World Bank Group.

Additional information can be found here.

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STATEMENT OF ACTIVITIES FOR THE YEAR ENDING DECEMBER 31, 2023 Program Revenue

$7,621,658

Expenses

$7,968,892

Change in Net Assets

($347,234)

Net Assets - Beginning of year

$3,205,672

Net Assets - End of year

$2,858,438

STATEMENT OF FINANCIAL POSITION AS OF DECEMBER 31, 2023 Assets

$4,363,596

Liabilities

$1,505,158

Net Assets

$2,858,438

STATEMENT OF FUNCTIONAL EXPENSES FOR THE YEAR ENDING DECEMBER 31, 2023 Program Services

$6,836,933

Administration

$911,677

Business Development

$220,282 $7,968,892

BREAKDOWN OF EXPENSES BY PROGRAMS IN 2023 Business Development 3% Capacity Building 19% Administration 11%

Program Services 86%

Certifications 9%

Technical Outreach 12%

Connections 30%

Supplier Diversity Initiatives 14%

Strategic Research 2%

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To our unstoppable supporters. We are indebted to our Member Buyers, funders, programmatic partners, and individual donors for the generous support, robust leadership, and critical contributions we receive that make it possible for WEConnect International to serve Women-Owned Businesses based in 135+ markets around the world.

Abbott

Beam Suntory

Ecolab

AbbVie

BNY Mellon

EDF Energy UK

Accenture

Boehringer Ingelheim

Edgewell Personal Care

Act 1 Group

bp

Enbridge

Adient

Bristol Myers Squibb

Enterprise Holdings

AIG

Capgemini

Entrepreneurs’ Organization

Alliance to End Plastic Waste

Cargill

EOS IT Holdings

Allstate

Cartier

Ericsson

CBRE

Ernst & Young

CDW

Estée Lauder

Chevron

Evonik

Cisco

Export Development Canada

Citigroup

ExxonMobil

Colgate-Palmolive

Fidelity International

Compass Food Group

FIS Global

Constellation Brands

Fitch Group

Corteva Agriscience

Ford

Cummins

Freeport-McMoRan

Cushman & Wakefield

Freshfields Bruckhaus Deringer LLP

Amazon American Express Anheuser-Busch ANZ | Group Procurement AON Apple Archer Daniels Midland (ADM) Arizona State University Thunderbird School for Good Asian Development Bank

Danone

Astellas Pharma

DBS Bank Hong Kong

AstraZeneca

Dell

Gilead Sciences

Audi

Deloitte Global Services Limited

Global Affairs Canada GSK

Delta Air Lines

Goldman Sachs

Baker Hughes Foundation

DHL Group Deutsche Post

Google

Bank of America

Diageo

Grupo Boticario

Barclays

Disability:IN

Harley-Davidson

Barilla

Dow Chemical

HH Global

BASF

Dun & Bradstreet

Hilton

Bayer

DuPont

HP

Business Development Bank of Canada

Eaton

HSBC

Baker Hughes Energy Services

General Mills

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IBM

Micron Technology

Strategic Staffing Solutions

ICON Consultants

Microsoft

Takeda

Inter-American Development Bank

Mondelēz International

Target

IHG

Moody’s

Taylor Construction Group

Morgan Stanley

TD Bank

MSCI

TE Connectivity

NatWest

The Boeing Company

Nestlé

The Hershey Company

Netflix

The Walt Disney Company

Nike

TIAA India

National LGBT Chamber of Commerce

TJX

Ingersoll Rand Trane Technologies Intel International Finance Corporation International Flavors & Fragrances International Monetary Fund Intuit

Netherlands Enterprise Agency

JLL

Nippon Seiki International

Johnson & Johnson

Organon

JPMorgan Chase & Co

OWIT International

Kantar

Paragon Customer Communications

Kellanova Kelly Services Kohl’s Kraft Heinz Kroger Kyndryl Liberty Mutual Insurance Lihini Seafood Lion Beverage Logitech L’Oreal Macquarie Group Magna Marriott International MasterCard McCormick McDonald’s McKinsey & Company Medtronic Merck Meta MetLife

Pfizer Philip Morris Pinsent Masons Procter & Gamble Publicis Groupe PVH Randstad Royal Bank of Canada RELX Roche RTX S&C Electric Company Sagility Sanofi SAP Shell

Toronto Metropolitan University TransCanada Travel + Leisure Turkish Economy Bank UBS UNFI Unilever Unispace UPS U.S. Agency for International Development U.S. Chambers of Commerce U.S. Department of State Vanderlande Verizon Vertex Pharmaceuticals Vital Voices VMware Walmart Giving Warner Bros. Discovery Wells Fargo Whirlpool

Sky UK

Women’s Business Enterprise National Council (WBENC)

Sodexo

World Bank Group

Sony Pictures Entertainment

WSP

Standard Chartered Bank

Yanfeng Automotive

Staples

Yamada Electric Zomato

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2024 is the year we kick-start our 15th Anniversary, a consequential milestone and opportunity to reflect on what we have done to champion and partner with women business owners, multinational corporations, government leaders, multilateral agencies, and other key stakeholders who are committed to advancing sustainable change globally.

The collective power of our netWORK will ultimately elevate women’s netWORTH. Our connections are driving the wealth of Women-Owned Businesses worldwide, and with each addition to our network we change the equation, amplify the power of our impact, and help to close the supply chain gaps with urgency. You, too, can be a leader in this space – particularly at a time when diversity, equality, and inclusion have come under fire - and we urge you to connect your friends and family with our global team. It’s as simple as the click of a button.

Melinda French Gates asserted when she launched the charitable organization Pivotal, “Investing in women and girls benefits everyone. We know that economies with women’s full participation have more room to grow.” At WEConnect International, we too are committed to advancing the influence and power of women globally. We invite you to come join us on the front lines of this profound movement towards gender equality.

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Elena Heckmann, Accenture Loreto Carranza, Bayer Tara Clinton, ExxonMobil Lorenzo Bell, EY Selina McCole, Goldman Sachs Jennifer Turner, IBM Corporation Clay Atkins, Intel Kristine Mangan, Johnson & Johnson Bill Kapfer, JP Morgan Chase Denise Naguib, Marriott International

Raul Suarez-Rodriguez, Merck Sabrina Goicoechea, Moody’s Thais Torritani, Procter & Gamble Andrew Cannon Brookes, Standard Chartered Bank Yih-Ling Pang, Unilever Melissa Adams, UPS Sarah Thorn, Walmart Elizabeth A. Vazquez, WEConnect International

Eroshan Alagaretnam, Regional Director of South Asia Ixchel Alcantara, Regional Director of Latin America and the Caribbean José Cunningham, Director of Development Jerome Flint, Regional Director of Europe and MENA Stephanie Fontaine, Regional Director of Canada and United States of America Soledad Gompf, Chief Development Officer Brittany Gonzalez, Associate Director of Membership Growth and Development Ana Guevara, Chief Strategy Officer and Head of Global Markets Dan Holdredge, Director of Global Training Alexander Kangas, Certification Analyst Gary Linden, Director of Global Markets Desiree Meggett, Human Resources Associate

Shorena Megrelishvili, Associate Director of Development Jithmi Mitchell, Certification Manager Margaret Mutheu, Regional Director for Africa Melanie Oliver, Certification Support Specialist Arif Rahman, Accounting Manager Margaret Rush, Grant and Proposal Manager Allie Syrell, Business Connections Manager Michael Tobolski, Vice President of Corporate Relations & Member Engagement Elizabeth A. Vazquez, President, CEO and Co-Founder Minnie Venkatachalam, Regional Director of Southeast Asia and Oceania Saritha Venumbaka, Chief Operating Officer

PAGE 33 | 2023 WECONNECT INTERNATIONAL ANNUAL IMPACT REPORT

WEConnect International is a member-led, global non-profit that brings motivated, large corporate, multilateral and government buyers together with women-owned suppliers around the world.

WEConnect International identifies, educates, registers, and certifies women’s business enterprises that are at least 51% owned, managed, and controlled by one or more women.

WEConnect International provides registration in 135+ markets and Certification in 60+ markets that represent over 70 percent of the world’s population. For more information, visit: www.WEConnectInternational.org. © 2024 WEConnect International. All rights reserved.