Summary of consultancy
- Programme title: Fair Finance Asia Programme
- Geographical coverage: Multi-Country – Cambodia, India, Indonesia, Japan, Philippines, Thailand, Vietnam, Belgium, Germany, Sweden, the Netherlands, Norway, Brazil, Pakistan
- Programme Phase 1: 1 January 2018 – 31 December 2022
- Consultancy term: February 2021 to October 2021
- Review commissioning manager: Bernadette Victorio
- Review manager: Pavle Vizintin
- Office Station: Remote work
How to apply:
Quotations/proposals should be submitted through Oxfam recruitment website: http://bit.ly/3otI7sy with the subject line “Women’s Rights Review of FFI Methodology” no later than 7/03/2021, 17:00 hours GMT+7.
Any questions, remarks or requests for clarification can be sent to the FFA MEAL Specialist, Mr. Pavle Vizintin (email@example.com) before the deadline of application.
The following should be included in applications:
- At least two relevant reference assignment previously performed by the supplier that are comparable in content, time and budget;
- An approach paper, including a time planning based on this ToR;
- CV(s) of the proposed consultant(s), proving relevant experience and/or diplomas.
- Total price. Accompanied with a cost breakdown, showing days or hours spent (per consultant involved) and the related fee, as well as out-of-pocket costs (costs other than fees).
Terms of reference
The Objectives of the review are:
- Conduct a check of the FFI Methodology across all 23 themes against the latest internationally recognized standards (as of 2020) on the theme of women’s rights. This would take standards into consideration that are not only focused on women’s rights alone, but would factor in standards which include women’s rights within their framework (e.g. inclusive of standards such as CEDAW and the gender guidance within the UN Guiding Principles on Business and Human Rights).
- The Women’s Rights check of the FFI Methodology should be based on a literature review on the latest internationally recognised standards and best policies on women’s rights, with a particular focus on those standards and policies relevant for the financial sector
- Provide a report with concrete recommendations of actionable improvements in the FFI Methodology in order to incorporate women’s rights standards and best practices within the FFI Methodology, with particular attention given to how these improvements align with international standards. The recommendations should align with Oxfam guidelines and strategies (e.g. Oxfam’s Feminist Principles).
- The recommendations should be actionable for financial institutions and should be actionable for researchers in (or contracted by) the FFI network to rank the FIs with a clear policy score.
- Deliver an online presentation of the findings and recommendations to the FFA and FFI networks.
- A report in the English language, including an executive summary with a maximum of 40 pages for the core part (excluding annexes, title page, and table of contents).
- An online presentation with the main findings and recommendations, to be delivered within 15 working days of completion of the assignment
The main review questions are as follows:
- How does the FFI Methodology compare with the latest internationally recognized standards and best policies on Women’s Rights in the assessment of financial institutions’ policies across the 23 themes?
- What elements can the FFI Methodology adopt from other internationally recognized sustainable finance policy and practice assessment tools, guidelines, and benchmarks with respect to integrating Women’s Rights?
- What are the gaps between the FFI Methodology and these internationally recognized tools, guidelines and benchmarks on Women’s Rights? How well does the FFI Methodology align with key Oxfam gender policies and guidelines?
- How can the FFI Methodology more effectively integrate Women’s Rights into the 23 themes covered by the assessment tool?
- What is the best approach to integrate Women’s Rights considerations into the FFI Methodology (e.g. mainstreaming throughout all the themes, having a dedicated theme, both or another approach)? What are the pros and cons of each of the options?
- What are the concrete recommendations for adjustments necessary to bring the FFI Methodology in line with the latest internationally recognized standards and best practice on Women’s Rights?
The review will focus on the FFI Methodology, international guidelines and standards on Women’s Rights and sustainable finance, and relevant gender-related research and documentation with regards to development and sustainable finance. The review of the methodology would cover all relevant documents that would be applicable for all countries that are a part of the Fair Finance International network, including documents that cover regulatory bodies, financial institutions and their clients, and mention the impact on catalyzing more sustainable business practices in Asia.
The review would benefit all countries that are part of the Fair Finance International network, and potentially those that would be part of the network in the future. These include:
- The Netherlands
- South Africa
- ASEAN member countries
It is expected that the consultant will report to the Fair Finance Asia Executive Team (FFA ET), and work in close coordination with the FFI secretariat, members of the FFI MRG and, if necessary with the predominant developer of the FFI Methodology, Profundo. The eventual consultation with Profundo will be coordinated by the FFI MRG lead at the FFI Secretariat.
Although the main goal of the review report is to provide conclusions and recommendations which are generally applicable across the FFA and FFI networks, reference to country specific examples or recommendations based on varying contexts (developing vs developed countries, based on levels of women rights development that may be worse or better in some countries, etc.) are welcome.
The consultant(s) will work with the FFA ET, and in part with the MRG where applicable in an online setting. The FFA ET and the FFI MRG will provide access to all the required and relevant documentation or the secondary data (e.g. FFI policy assessment reports, relevant Oxfam guidance documents, etc.).
The consultant will collect and analyze the secondary data. Any requirements for subscription to relevant databases for the provision of secondary data should be incorporated into the proposal, including justification and associated budget costs.
List of documents to be used as a base (not exhaustive):
- Fair Finance International Methodology 2020
- The FFI template for assessment 2020 with guidance (will be provided by FFI MRG upon signing the agreement and the related confidentiality clauses)
- Key Oxfam guidelines and principles on gender, including:
- Applying Feminist Principles to Program Monitoring, Evaluation, Accountability and Learning
- Oxfam’s Guide to Feminist Influencing
- Quick Guide to Gender-Sensitive Indicators
- Feminist Principles
- EU Taxonomy Regulation on Sustainable Finance
- The UNEP Finance Initiative Principles for Responsible Banking
- Relevant national laws and guidelines passed by government regulators focused on sustainable finance (e.g. Cambodia’s Sustainable Finance Principles, Thailand’s Sustainable Banking Guidelines – Responsible Lending, Indonesia’s Guidelines on Responsible Financing, etc.), many of which are referenced in Fair Finance Asia’s 2018 Baseline Study.
- The 2017 Assessment of Fair Finance Guide and Fair Finance Asia, commissioned by the Sida Gender Help Desk Function
Assessment of the CVs
- >10 years’ worth of extensive gender knowledge and experience, with a proven track record of gender integration / mainstreaming as well as an expertise in finance and banking specifically;
- Academic degree (Masters as minimum) in financial sector, sustainability, ESG transparency and accountability, and/or development cooperation;
- Experience within an up-to-date knowledge of developments within the financial sector globally, the international debate and measures on private capital mobilization, and sustainable finance;
- Extensive knowledge and experience about Women’s Rights, gender, gender mainstreaming and gender audits
- Knowledge on governance and transparency issues within local/national governments and the financial sector;
- Experience with ranking and indexing tools;
- Experience with integration of ESG and Human Rights criteria in business performance;
- Experience with integration of a gender lens in development and campaigning work;
- Knowledge and experience in organizational development and management of networks/platform structures;
- Experience with (inter)national (I)NGOs and NGO platforms;
- Excellent analytical skills;
- Good writing and communicative skills;
- Excellent command of English.
- Knowledge of interaction between CSOs, authorities and the private sector (specifically financial sector);
- Experience on conducting international research
- Good understanding of CSR policies in general and international guidelines for the financial sector in particular
- Good understanding of roles of and relations between governmental, financial, corporate and civil society sector
- Prior experience in research on countries in which Fair Finance International operates
- Knowledge of tendencies in development cooperation donor community.
Assessment of the prices
The contractor will have to make provisions for covering all costs associated with the assignment. This includes, but is not limited to, the following:
- Research, data collection and analysis, report writing and editing costs.
- Secretarial / office-related costs which may include communications (phone, skype, telecommunications, mail, photocopying, courier etc.), report production, secretarial services, including potential translation / interpretation costs. No costs of this nature may be charged in addition to the offer submitted with the quotation. No office, secretarial or communication facilities will be provided by Fair Finance Asia or partner NGOs.
In the event of a calculation error in the quotation, the unit price will prevail. Remuneration is based on submission of final deliverables as mentioned in section 3.5.