The Banking Executive, Issue 155, November 2021

2021 G20 Rome Summit climate-related financial stability risks and the FSB report on pro- moting globally consistent, com- parable and reliable climate-related financial disclo- sures and its recommendations. We also welcome the work pro- gramme of the International Fi- nancial Reporting Standards Foundation to develop a base- line global reporting standard under robust governance and public oversight, building upon the FSB's Task Force on Climate- Related Financial Disclosures framework and the work of sus- tainability standard-setters. 32. International taxation. The final political agreement as set out in the Statement on a Two-Pillar So- lution to Address the Tax Chal- lenges Arising from the Digitalisation of the Economy and in the Detailed Implementa- tion Plan, released by the OECD/G20 Inclusive Framework on Base Erosion and Profit Shift- ing (BEPS) on 8 October, is a his- toric achievement through which we will establish a more stable and fairer international tax sys- tem. We call on the OECD/G20 Inclusive Framework on BEPS to swiftly develop the model rules and multilateral instruments as agreed in the Detailed Imple- mentation Plan, with a view to ensure that the new rules will come into effect at global level in 2023. We note the OECD report on Developing Countries and the OECD/G20 Inclusive Framework on BEPS identifying developing countries' progress made through their participation in the OECD/G20 Inclusive Framework on BEPS and possible areas where domestic resource mobil- isation efforts could be further supported. 33. Gender Equality and Women's Empowerment. We reaffirm our commitment to gender equality and emphasize the pivotal role of women's and girls' empower- ment and leadership at all levels for inclusive and sustainable de- velopment. We commit to put women and girls, who have been disproportionately affected by the pandemic, at the core of our efforts to build forward bet- ter. We will work on key factors such as equal access to educa- tion and opportunities, including in STEM sectors, the promotion of women's entrepreneurship and leadership, the elimination of gender-based violence, the enhancement of social, health, care and educational services, the overcoming of gender stereo- types, and the uneven distribu- tion of unpaid care and domestic work. We commit to implement the G20 Roadmap Towards and Beyond the Brisbane Goal and to rapidly enhance the quality and quantity of women's employ- ment, with a particular focus on closing the gender pay gap. We reiterate our commitment to share progress and actions taken towards the Brisbane Goal in the related annual report and ask the ILO and the OECD to continue reporting annually on our progress, taking into account the Roadmaps' Auxiliary Indicators. 34. We welcome the hosting of the first G20 conference on Women's Empowerment and will continue to enhance our concrete measures towards a systemic and cross-cutting ap- proach to gender equality in our national policies, with adequate implementation tools. We will work on women's empowerment in cooperation with academia, civil society and the private sec- tor. To this end, we support the convening of a G20 Conference on Women's Empowerment under the upcoming Presiden- cies. We welcome the work of the EMPOWER Alliance and its engagement with the G20, to be reviewed in 2025. We acknowl- edge the Women Entrepreneurs Finance Initiative as an important partnership to support women- led SMEs. 35. Employment and social protec- tion. The Covid-19 pandemic has exacerbated inequalities in our labour markets, dispropor- tionately affecting vulnerable workers. In cooperation with so- cial partners, we will adopt human-centered policy ap- proaches to promote social dia- logue and to ensure greater social justice; safe and healthy working conditions; and decent work for all, including within global supply chains. To reduce inequalities, eradicate poverty, support worker transitions and reintegration in labour markets and promote inclusive and sus- tainable growth, we will strengthen our social protection systems, as outlined in the G20 Policy Principles to Ensure Ac- cess to Adequate Social Protec- tion for All in a Changing World of Work. We welcome the G20 Policy Options to Enhance Reg- ulatory Frameworks for Remote Working Arrangements and Work through Digital Platforms. We will work to ensure decent working conditions for remote and platform workers and strive to adapt our regulatory frame- works to new forms of work, en- suring that these are fair and inclusive, leaving no one be- hind, while paying special atten- tion to addressing the digital gender divide and intergenera- tional inequalities. We also ask the ILO and the OECD to con- tinue monitoring progress to- wards the Antalya Youth Goal. We underscore our commitment to further international coopera- tion to strengthen safe and healthy working conditions for all workers and welcome the G20 Approaches on Safety and Health at Work. 36. Education. Access to education is a human right and a pivotal tool for inclusive and sustainable the BANKING EXECUTIVE 46 ISSUE 155 NOVEMBER 2021