This External Summary shares findings from FinDev Canada’s first independent impact evaluation, conducted by Kore Global, to examine gender-related outcomes across its investment portfolio. The evaluation focused on two objectives: assessing the effectiveness of FinDev Canada’s current strategy in advancing gender impact and informing its approach. It examines how the 2X Criteria have influenced gender outcomes, highlights key enablers for achieving impact at the transaction level, and offers recommendations to strengthen institutional practices. These insights add on to the growing body of evidence on the development impact of gender lens investing, and support collective learning across the development finance and impact investment community.
This case study is the first in a series developed as part of FinDev Canada’s evaluation of 2X Challenge investments. It explores how Climate Fund Managers (CFM) advanced its gender approach following our 2018 investment in Climate Investor One (CIO).
This study highlights key enablers behind this progress, the added value of FinDev Canada's support, and practical lessons and entry points for DFIs and investors. Covering diverse sectors and regions, the series provides evidence-based insights into advancing gender impact across investment portfolios.