How do I use the 2X Criteria Thresholds?

 

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You can leverage the 2X Criteria Thresholds to evaluate whether your company or fund meets essential standards for gender-focused investments and business practices, under the 2X Criteria framework

  • This is step 0 to identify if you are 2X Aligned
  • This is useful for knowing if you are 2X Challenge qualified or 2X Certification Eligible

Via the 2X Criteria Thresholds the 2X Criteria are adapted to different countries and sectors based on the best available data to ensure they are context-sensitive, relevant, and effective. 

The reason for this is to set realistic minimum standards that are contextualized to a country and sector, ensuring the bar is not set too low where progress has already been made and nudging further advancement while accommodating contexts to have realistic reference points where they may be further behind in their gender equity journey.

Now let's break it down on how to use it:

You may be qualified to get a 2X certification, "Good-level", as long as you:

  • Meet the basic (ESG) Environmental, Social, and Governance standards
  • Meet the basic  GBVH (Gender-Based Violence and Harassment) safeguarding
  • Meet the minimum governance and accountability requirements
  • Meet at least one of the five 2X Dimensions (Entrepreneurship & ownership, leadership, employment, products )

For funds and financial institutions (FIs), the criteria must be fulfilled both at the organizational level and across their investments. This entity type includes an additional category under Mandatory Criteria, labeled 'Portfolio':

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For all entity types, please follow the step-by-step Video below:

  • Note: Please take into account that this is an example. You should select the options that fit your organization's context and reality.

 

๐Ÿ’กPro Tip: Ensure you comply with the "Governance and Accountability" and the "Basic 2X ESG" requirements. Additionally, click on that card and select at least one 2X Dimension where your organization is confident in meeting the minimum requirement.

What do I do with this information?

๐Ÿ‘‰This quick assessment will determine your organization's readiness for the 2X Certification or qualification for the 2X Challenge. The system will provide two potential options:

1) You may meet the 2X Minimum criteria, and then you are ready to take the 2X Certification or pursue the 2X Challenge:

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2) Or your organization is not ready yet for the 2X Certification or the 2X Challenge

 ๐Ÿ’ช In this case, we recommend you consider getting the "Level Up" Package: Maximize your chances of achieving 2X Certification with Equilo's Level-Up Package. 

  • Address Gaps: Received a negative preliminary result? Understand why, identify gaps, and get an action plan to improve your standing.
  • Strengthen Your Case: If you're unsure about what's the right documentation to upload and present during the verification phase. Equilo offers an automated ML solution, that reviews your documentation and makes sure the correct evidence is uploaded to streamline the process and increase your chances of success.

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Alternatively, you can access Equilo's curated dataset, designed to support informed, data-driven decisions aligned with the 2X Criteria. The dataset, available in XLSX format, can be accessed immediately after payment. Watch the step-by-step video below for guidance.

 

2X Certification Customer support

  • ๐Ÿ’ปin case you encounter a technical issue or you have data error-related questions on the platform, please contact Equilo customer support via ๐Ÿ“ฉ support@equilo.io
  • ๐Ÿ“Š if you have questions related to the methodology or how to interpret your results, please reach out to 2X Global customer support via ๐Ÿ“ฉ this link.