Welcome to Glorious & Cash – Les Glorieuses launched this newsletter to talk about why money is power and matters for gender equality. In partnership with Women’s March Global, we’re taking this revolution worldwide. It’s written by Arièle Bonte and Uma Mishra.
🇫🇷Pour la version française, cliquez ici.
Climate change x Cash, by Uma Mishra, executive director, Women’s March Global
The planet is warming! The oceans are rising! There are forest fires and arctic blasts! Greta is telling us to Pay Attention – and we should. But sometimes it can all feel a little overwhelming when everything is on such a grand scale. So, today we thought we’d focus in – and tell you how climate change is affecting everyday women, just trying to do their jobs.
Depleting fisheries in West and
“Millions of people in West and Central Africa depend on fisheries for subsistence. In West Africa alone over 9 million people directly or indirectly earn their livelihood [from fishing],” says Dr. Ifesinachi Okafor-Yarwood a research consultant for One Earth Future – Stable Seas.
“There are multiple factors that are affecting fisheries security,” continues Dr. Okafor-Yarwood “pollution, especially from multinational oil companies and the shipping sector [but also] from human waste (the fact that a lot of the fecal waste goes directly to the ocean untreated), over-exploitation including illegal or unregulated fishing; and the impacts of climate change.
If the pollution continues West African countries might lose up to 21% in annual value of their catch by 2050 in West African countries. This would lead to nearly 50% reduction in fisheries-related employment, according to Lam, et. al’s.
Okay, but back to basics: How does climate change affect the oceans and fish?
According to Dr. Emily Klein, senior postdoctoral research scientist, climate change is having major effects on the oceans, and therefore fisheries and the people dependent on them.
First, sea rise. “People may not think sea level rise is important – what’s more water to a fish? But of course it’s more complicated than that. For example, one of the big issues is the increase in tides. High tides flood urban locations – and when that tide recedes brings pollution into those local marine ecosystems”, Dr. Klein explains.
Second, “the oceans are warming just like the rest of the world and that is having huge impacts on marine species, like fish. One really clear and highly publicised outcome is the bleaching of coral reefs worldwide“
A third thing is ocean
acidification. “It affects the ability for species like clams or other shellfish to build shells”, explains Dr. Klein.
So how does this affect women and money, specifically?
In a country like Nigeria, for example, “an estimated 73% of women are involved in fisheries – either in the post-catch distribution, fish processing, or the selling of fish,” tells Dr. Okafor-Yarwood. “In West Africa, 60% of seafood is sold by women”.
In most fishing communities, women rely on husbands or other fisherfolks for the catch of fish, which they then process and sell for the
upkeep of the family. A lot of these communities don’t have support such as free education or free healthcare. From the fishing income, they send their children to school, they are able to look after themselves when they are sick, and they have available funds if there’s an emergency.
“The impact of climate change could lead to up to 50% in fisheries-related employment. So if there’s going to be an up to 50% reduction, given the role of women in the sector, it is the women that will bear the brunt,” warns Ife. “It affects men, yes, especially in relation to their job as fishers. But it affects women across many levels. Not only their source of employment but their livelihood is taken away.”
It helps to think about how, specifically, climate change will impact us. It’s easier to make more changes! For one, you can support sustainable fishing. Use the Monterey Bay Aquarium Seafood Watch App to find out what seafood to buy in your region.
If you want to find out more about how climate change is affecting women and fisheries all over the world, Women in Fisheries is a great resource. The International Association of Women in the Seafood Industry also releases an annual report.
*the interviews have been edited for length and clarity.
“We all need financial education. But talking about money is… still a big taboo. So I wrote a book about it: You’Re Not Broke You’Re Pre-Rich to empower women financially”, says Emilie Bellet, founder and CEO of Vestpod, a british newsletter which also talks about money and women.
Before writing about it, Emilie Bellet used
to work in finance and that’s why I wanted to give her the opportunity to talk directly to you about money and to bring her book to light: I think it would be a great investment for your future.
“I describe my journey managing my finances and give the best tools and tips I have learnt along the way, including these from the Vestpod community and financial advisors”, Emilie Bellet says about her book. “Chapters from money & emotions, establishing financial goals, budgeting, cutting costs, understanding financial products, navigating your bank balance, investing in the financial markets and property”, she describes.
“If you are a business owner, don’t forget about yourself”, tells Emilie Bellet. “Americans often talk about ‘paying yourself first’, it’s so true. Make sure you don’t put all your savings into your business or take personal debt. It’s good to have a safety net or emergency savings before you get started. Very few startups are successful so yes you’re taking risks, but don’t compromise everything and make sure you can protect yourself and your family financially”.
“Investing can be scary it’s true. We’ve all seen the financial crisis (I was working for Lehman Brothers!) so we have limited trust in the system, plus the financial world has been dominated by men and it’s jargon-heavy. So not great confidence boosters! But investing is very important for the long term. While savings are crucial for any emergency and short to medium term needs (under 5 or 10 years), you need to consider investing for the long term to make your money grow faster than inflation and benefit from compound interest. I would start by writing my goals, then looking at doing a budget and – when you have a safety net and repaid your expensive debts – start investing for the long term (5-10 years +) regularly and small amounts. Robo-advisors can help you do that online.
Don’t overreact to market fluctuations, you’re in it for a little while!”
“Defining quotas in scientific and technological sectors where gender parity remains an issue for society and the company” is one of the calls made to the government by Financi’Elles, the first federation of networks promoting intra-company diversity in the financial sector. The stakes are high when we know that these sectors are sorely lacking in women.
Notebook “The feminist revolution starts here”
Organizing the revolution is a bit complicated, so there’s nothing better than a dedicated notebook Les Glorieuses x Juniqe to make a retro planning to bring down the patriarchy while staying organized! Our notebooks are beautiful, they are in A5 format (14.8 x 21 cm) and their pages are all with lines.
//Conference registration mandatory// Les Glorieuses have the honour to invite you to the conference: #5November16h47 – Les femmes ne sont pas coupables. The conference will take place on Wednesday, November 27 from 10:30 am to 11:30 am at the Canadian Embassy (130 Rue du Faubourg Saint-Honoré, 75008 Paris). Rebecca Amsellem will engage in a conversation with 3 speakers (Isabelle Hudon the Canadian ambassador in France, Yolande Libene, CEO of Bossie and Élise Goldfarb et Julia Layani two businesswomen) in order to make women feel free from guilt of being less paid. The conference will be followed by a question and answer session. Are you interested? Register for the event by return email. Registration required (+1 possible, subject to providing contact details of the
//The Club of Les Glorieuses// We will welcome you in our office on November 28th at 7pm for a “speed-dating” evening designed to break the ice and facilitate links in the wonderful and glorious network we form. To participate register here (free for the members of the club).
Toutes// Saturday 23rd November let’s meet at 2pm, place de l’Opéra (Paris) to say together: “STOP women killing and sexual violence”. With this march, we want to express our anger at the violence and our determination to stop it. We demand a change from the President of the Republic: resources and measures must be put on the table. 133 women have been murdered by their husbands or ex-boyfriends since the beginning of the year: current policies are not enough.
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Uma has been with Women’s March Global since March 2017, initially as a volunteer and then as the former Director of Global Community. Prior to Women’s March Global, Uma was a high-school Chemistry teacher, worked in the Medical field as a Medical Lab Technologist, and served in the United States Army as an active duty soldier for nearly six years. Uma has been awarded numerous commendations and achievement awards for her leadership and duty during her time in service. Uma has been a TEDx speaker, sharing how we can foster community through development work. She is a proud first generation Indian American, U.S. Army veteran, and forever will be a Science nerd. The motto that fuels Uma as an activist and community builder is by Alice Walker: “Activism is the rent I pay for living on the planet.”
A MESSAGE FROM OUR PARTNER
For more than a 100 years, L’Oréal has been dedicated to beauty. With its international flotilla of 36 brands and its 86.000 employees, the Group achieved 26.9 billion euros of sales, its best year of sales growth in more than 10 years in 2018.
L’Oréal has long been a leader in gender equality. Worldwide, as of 2018, women account for 69% of our workforce, 47% of our management committee members, 31% of our Executive Committee members and 54% of our key positions.
L’Oréal firmly believes in Diversity and Inclusion, and is convinced that Women’s leadership must be promoted in order to achieve a more
inclusive workplace. Its commitments across the years have marked the Group as one of the leading organisations globally: in 2018, women represent 46% of the board membership, 54% of the Group’s key positions, and 66% of the Global brand general managers. L’Oréal was ranked Top gender-balanced company in Europe by Equileap in 2018 and is among the TOP 100 companies in the Bloomberg 2018 Gender Equality Index.