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TitreDateDurée
#87: Thank You for Naming It: The Early Days of Gender Lens Investing10 Sep 202600:31:29

In this episode, Joy Anderson sits down with longtime collaborator Jackie VanderBrug to revisit the origins of gender lens investing and the work of building a field before most people believed it existed. Drawing on their years together at Criterion Institute, they reflect on the early efforts to identify, map, and connect investors, researchers, philanthropists, and practitioners who were already incorporating gender into financial decision-making but lacked a shared language or framework.

The conversation explores the importance of naming, the challenges of making gender visible within emerging impact investing conversations, and the tension between simplicity and rigor as the field developed. Joy and Jackie discuss the evolution of concepts such as "Women Effect," "Revaluing Gender," and "gender lens investing," as well as the role of leadership, philanthropy, community-building, and intellectual frameworks in making new possibilities visible. Ultimately, the episode is a reflection on how movements are built: through mapping, invitation, collaboration, persistence, and the willingness to claim possibility before there is permission to do so.

Episode Highlights

00:00 - Introduction to the podcast and guests

02:24 - Reflecting on the early days of gender lens investing

04:17 - The role of visibility and community in building the field

07:13 - Naming and framing the movement: Women Effect and gender lens

09:11 - Overcoming resistance and gaining acceptance

12:48 - The impact of mapping and community building

16:37 - The evolution of impact investment frameworks

19:54 - The importance of gender analysis over numbers

22:44 - Building the field without a central fund

25:39 - Legacy and ongoing influence of early efforts

28:55 - Reflections on collaboration and future impact

Relevant Links

Criterion Institute website and LinkedIn

Joy Anderson's LinkedIn

Jackie VanderBrug's LinkedIn

Dive Deeper

State of the Field of Gender Lens Investing

A foundational review of how gender lens investing evolved as a field, mapping the ideas, actors, products, and organizations that helped move gender from a niche concern to an established investment lens.

Framing (and Reframing) Gender

A framework for understanding how gender analysis can reveal opportunities, risks, and dynamics within financial systems, moving beyond simply counting women toward a deeper examination of power and value.

If you enjoyed this episode, consider listening to:

#32: Pioneering Collaboration: The Story Behind the 2024 Joan Bavaria Award

A reflection on the collaboration between Joy Anderson, Jackie VanderBrug, and Suzanne Biegel in building the field of gender lens investing.

#42: 10 Year On: Reflecting on the State of Gender Lens Investing

Joy revisits the evolution of the field, its frameworks, and the progress made over a decade.

#40: Gender Lens Investing is a Time of Backlash: Why It Matters Now More Than Ever

A contemporary reflection on why gender lens investing remains important amid shifting political and economic conditions.

#47: Spelling it out: Gender Lens Investing Deserves Words, Not Acronyms

A conversation about language, terminology, and how naming shapes understanding and action.

Part of the ImpactAlpha Podcast Network

#86: A Tale of Two NAPs: National Action Plans and Much-Needed Naps27 Aug 202600:22:28

For the past several months, Criterion Institute has been wrestling with a deceptively simple question: how do you finance a National Action Plan (NAP) to end gender-based violence? Most NAPs contain detailed commitments, timelines, settings, and responsibilities, yet many remain chronically underfunded. In this episode, Joy takes listeners inside Criterion's thinking process as the team tried to translate these plans into pathways for finance. Along the way, they discovered that many of the frameworks they relied on for years were excellent at describing landscapes and systems, but less useful when reading a plan line-by-line and asking where money could actually move.

The episode introduces a distinction that became foundational to the work: the difference between an investment case and a financing mechanism. Costing studies and investment cases play an important political role by helping governments understand the economic consequences of violence and the value of prevention. But those arguments alone do not explain how capital moves, who bears risk, what financial structures exist, or how prevention becomes investable. Joy reflects on the false starts, AI-generated dead ends, framework redesigns, and countless synthesis conversations that ultimately led the team toward a more practical framework for financing National Action Plans. The result is not a finished answer, but a clearer way of thinking about how finance, policy, prevention, and systems change intersect.

Episode Highlights

00:00 - Introduction to financing national action plans

01:55 - The challenge of understanding how money moves in plans

02:53 - Distinction between investment case and mechanism

07:06 - Frameworks as tools, not solutions

10:08 - Applying frameworks to real plans and the need for reflection

14:57 - The five categories of financing for national action plans

20:12 - The importance of pauses and reflection in problem-solving

21:12 - Conclusion: frameworks need naps and refinement

Relevant Links

Criterion Institute website and LinkedIn

Joy Anderson's LinkedIn

Dive Deeper

Framework for Financing the Prevention of Gender-Based Violence

This framework is referenced repeatedly throughout the episode as the starting point for understanding how finance can support prevention by integrating GBV as material risk, financing what works, and valuing the future created through prevention.

A Roadmap for Private Investors: Investing to Address Gender-Based Violence

Referenced indirectly in the discussion of how investors operationalize GBV considerations and move from analysis toward action.

Roadmap for Development Finance Institutions: Strategies to Address Gender-Based Violence

Relevant to the episode's discussion about how institutions can incorporate GBV considerations into financial decision-making and capital allocation.

If you enjoyed this episode, consider listening to:

#67: Financing the Reduction of GBV: From Insights to Infrastructure

Joy explores the intersection of finance and gender-based violence, emphasizing infrastructure, leverage points, and systems change. This episode provides important context for understanding why Criterion's work has increasingly focused on the infrastructure needed to support GBV prevention.

#39: Financial Tools for Social Change: Ending Gender-Based Violence

A foundational episode exploring how financial systems can be used to reduce violence and introducing several strategic approaches that connect directly to discussions in this episode about financing pathways and systems change.

#27: The Core Pillars of Our Strategic Plan: Financing the Reduction of Gender-Based Violence

Provides historical context for Criterion's GBV work and explains why the organization chose to build a deep portfolio of ideas and strategies at the intersection of finance and gender-based violence.

#75: When the Moment Arrives: Acting on Systems Opportunities

Listeners interested in the systems-change dimensions of this episode will find a useful companion conversation on leverage, timing, relationships, and strategic action.

#85: Changing Your Frame Not Your Mind: Ensuring Your Actions Follow What You See

A natural follow-on episode about reframing, changing analysis, and understanding how shifts in perspective ultimately change actions and outcomes within systems.

Part of the

#85: Changing Your Frame Not Your Mind: Ensuring Your Actions Follow What You See13 Aug 202600:25:23

A colleague recently asked Joy Anderson where she'd changed her mind—the kind of question you ask to find out whether someone is actually learning, or just defending old positions with better language. Her honest answer surprised her, and it probably won't be the one you're expecting. Because over 25 years, the changes that mattered most weren't reversals at all. They were quieter than that, harder to name, and they rearranged how she works, what she'll own, and where she draws the line.

Next, Joy walks through a handful of moments where nothing about the facts changed—same rooms, same partners, same work—and yet everything did. It's a reflection on the stories we tell ourselves about our place in the work, why they're so hard to let go of, and what becomes possible when we finally do. She closes by turning the question back on you: what are you looking at right now that might be ready to be seen differently?

Episode Highlights

00:00 - Introduction to the episode and core themes

02:35 - The question of changing one's mind and seeing differently

03:30 - Reframing support as infrastructure in social change work

07:21 - The shift from outsider to inside the work

09:16 - Personal reframing: recognizing limits as system design constraints

17:31 - The importance of seeing and acting on what you see

18:54 - Invitation to reflect on current frames and perceptions

Relevant Links

Criterion Institute website and LinkedIn

Joy Anderson's LinkedIn

Joanna Levitt Cea's LinkedIn

Dive Deeper

Fostering a Feminist Financial Imagination

https://www.criterioninstitute.org/resources/fostering-a-feminist-financial-imagination

This publication explores the role of imagination in creating alternative financial futures and aligns closely with Joy's discussion of reframing reality and expanding what becomes possible through new ways of seeing.

Framework for Financing the Prevention of Gender-Based Violence

https://www.criterioninstitute.org/resources/framework-for-financing-the-prevention-of-gender-based…

The framework emphasizes finance as a system of power rather than simply a source of funding, echoing the episode's distinction between support work and infrastructure-building.

Reflection: Making Gender-Based Violence Material to the World of Finance

https://www.criterioninstitute.org/resources/reflection-making-gender-based-violence-material-to-th…

A classic Criterion reframe that demonstrates how changing the frame around a problem can fundamentally alter how finance interprets risk and opportunity.

A Commitment to Address Gender-Based Violence

https://www.criterioninstitute.org/resources/gbv

This resource highlights the importance of imagining alternative futures and changing assumptions about what finance can do, themes woven throughout this episode.

If you enjoyed this episode, consider listening to:

#84: Narratives, Local, and the Stories That Shape Finance

https://www.criterioninstitute.org/podcasts/podcast-episode-84

A conversation exploring how narratives influence financial systems and the ways stories shape what becomes visible and possible.

#82: How Staying in Paradox Can Sustain Hope and Drive Systemic Change

https://www.criterioninstitute.org/podcasts/podcast-episode-82

Joy examines the tensions and paradoxes that emerge when trying to create lasting systems change, complementing this episode's exploration of competing frames and perspectives.

#80: What Are You Willing to See? Disruption, Fault Lines, and the Moments That Matter

https://www.criterioninstitute.org/podcasts/podcast-episode-80

A reflection on disruption as a tool for revealing underlying systems, making it a natural companion to this episode's focus on perception and awareness.

#79: From Invitation to Trust: Rethinking Relationships in Finance

https://www.criterioninstitute.org/podcasts/podcast-episode-79

An episode about invitation, relationship-building, and the practices that create conditions for transformation.

#45: Making Sense of Complexity: Frameworks That Work (and Those That Don't)

https://www.criterioninstitute.org/podcasts/podcast-episode-45

One of the closest thematic matches in...

#84: Narratives, Local, and the Stories That Shape Finance30 Jul 202600:48:41

What stories shape what we believe is possible in finance? In this episode, Joy Anderson sits down with Joanna Levitt Cea, Founder and Principal of Valiente Capital Design and co-lead of the Beloved Economies Collaborative for Narrative Infrastructure, to explore the role of narratives in creating economic and systems change. Together, they unpack the difference between stories, communications strategies, and narratives themselves, examining how underlying cultural assumptions influence the ways we understand ownership, investment, opportunity, and power. The conversation explores why narrative change is not simply about finding the right message, but about collective action, organizing, and reshaping the stories that define what people believe is possible.

The episode then turns to one of the most common and often unquestioned words in innovative finance: local. Joy examines five distinct narratives embedded within the concept. Rather than treating local as a geographic descriptor, she argues that each narrative carries a different theory of change and implies different practices around governance, ownership, expertise, and value creation. Together, these reflections invite listeners to ask not whether finance is local, but what narrative of local is being invoked and whether the structures of finance actually make that narrative real.

Episode Highlights

00:00 Introduction to the power of narratives in finance

01:20 Narratives shape what people believe is possible

02:18 The importance of stories in social and environmental finance

03:26 Ownership economy and its narrative shifts

04:54 The role of narratives in building intergenerational wealth

07:59 The collaborative approach to narrative change

10:20 Stories as drivers of policy and norm shifts

12:17 Narrative as a team sport and collective action

34:04 The multiple narratives of local in finance

36:29 Different stories of local and their implications

42:52 The narrative of economic self-determination

44:46 Local knowledge as a narrative of expertise

46:34 The shift from communities being investment-ready to capital being context-ready

47:41 Conclusion: The importance of deep narrative change and systems transformation

‍

Relevant Links

Criterion Institute website and LinkedIn

Joy Anderson's LinkedIn

Joanna Levitt Cea's LinkedIn

‍

Dive DeeperInvesting to shift power: advanced practices of Africa's investment leaders

This article examines how investment leaders are redesigning financial practices to address power dynamics embedded within investment structures. By highlighting innovations in governance, investor participation, accountability, and decision-making, it complements this episode's discussion of narratives by showing how underlying assumptions about authority, expertise, and ownership become embedded in financial systems and how those assumptions can be intentionally challenged and changed.

Advanced practices in local capital design: Trade Lenda

This resource examines how financial structures can be intentionally designed around local knowledge, governance, ownership, and accountability. It directly connects to the episode's exploration of local as democratic legitimacy, contextual intelligence, and economic self-determination.

Framework for financing the prevention of gender-based violence

This framework provides an example of how financial systems can be redesigned to address power dynamics rather than simply expanding access. It reinforces the episode's discussion of moving beyond surface-level solutions and examining the underlying structures that shape outcomes.

‍

If you enjoyed this episode, consider listening to:#66: Designing Finance for Context: A Conversation with Joanna Levitt Cea

Joy Anderson and Joanna Levitt Cea explore how fund design can become a tool for shifting power, why context should come before replication, and how finance can be redesigned around community knowledge and lived experience.

#79: From Invitation to Trust: Rethinking Relationships in Finance

A complementary conversation about relationships, trust, and the underlying assumptions that shape how financial systems operate.

#78: Intermediation is Not Overhead

An exploration of financial infrastructure, system design, and why the structures that connect capital matter as much as the capital itself.

‍

Part of the ImpactAlpha Podcast Network.
#83: Trust as Infrastructure: Trade Lenda and the Power of Informal Markets16 Jul 202600:40:05

What happens when finance starts with trust instead of control? In this conversation, Joy Anderson and Adeshina Adewumi explore how Trade Lenda has built financial infrastructure around the realities of informal markets across Nigeria. Rather than treating informality as a problem to be fixed, Trade Lenda recognizes existing systems of trust, accountability, and economic participation and designs financial products that work within them. The discussion traces the full supply chain, from farmers and aggregators to manufacturers, distributors, and retailers, and examines why supporting the entire value chain creates stronger, more resilient markets.

The conversation also explores how power operates in financial systems. Adeshina explains how Trade Lenda rethinks creditworthiness, works with community accountability structures, develops Sharia-compliant financing options, and provides capacity-building alongside capital. Together, Joy and Ade examine how trust can become infrastructure: creating financial systems that move capital faster, expand economic opportunity, and preserve the community relationships that make markets function in the first place. The result is a compelling example of how finance can support dignity, shared prosperity, and transformative systems change.

‍

Episode Highlights

00:28 - The importance of trust in finance and community systems.

01:28 - Understanding informal markets as systems to be supported.

04:10 - Trade Lenda's approach to financing entire supply chains.

05:06 - Why agriculture, retail, and essential services matter for economic growth.

07:43 - Rethinking collateral and credit access for underserved entrepreneurs.

11:01 - How speed and capital turnover drive successful trade finance.

14:22 - Diversifying within value chains to manage risk and strengthen markets.

17:42 - Why knowledge and business support can be as important as capital.

28:02 - Using community accountability and trust as financial infrastructure.

35:13 - Capital moves at the speed of trust.

‍

Relevant Links

Criterion Institute website and LinkedIn

Joy Anderson’s LinkedIn

Adeshina Adewumi’s LinkedIn

‍

Dive Deeper

Advanced practices in local capital design: Trade Lenda

This case study directly examines Trade Lenda's approach to designing financial systems around informal markets, community accountability, alternative underwriting, and localized financial infrastructure. It is essentially the written companion to many of the ideas discussed in the episode.

Framework for financing the prevention of gender-based violence

This framework provides one of Criterion's core approaches to understanding how financial structures influence social outcomes and how systems can be intentionally redesigned. Mentioned in related Criterion resource descriptions.‍

If you enjoyed this episode, consider listening to:

#79: From Invitation to Trust: Rethinking Relationships in Finance

This episode explores trust as a foundational practice for leadership, collaboration, and systems change, making it the closest thematic companion to the Trade Lenda discussion.

#78: Intermediation is Not Overhead

A reframing of financial infrastructure and intermediation that connects directly to this episode's discussion of building systems that allow capital to move more effectively through markets.

#62: Pipelines of Trust: Rethinking Local Capital Mobilization in Africa

A natural follow-on episode focused on trust, local capital, African investment ecosystems, and adapting financial models to local contexts.

‍

Part of the ImpactAlpha Podcast Network

#82: How Staying in Paradox Can Sustain Hope and Drive Systemic Change02 Jul 202600:36:23

In this episode, Joy Anderson responds to some listener questions, naming six paradoxes she encounters when working to shift financial systems toward gender justice and social change. Joy frames paradox as a discipline: holding two seemingly incompatible truths at once such as movement and field-building, urgency and patience, collaboration and competition and resisting the urge to resolve them prematurely.

Across themes ranging from pluralism in knowledge to the risks of public experimentation, Joy explores how finance simultaneously enables and constrains transformation. She emphasizes that these tensions are signals rather than problems, helping us see where systems are unstable and change is possible. The episode closes with practical reflections on working within paradox.

Episode Highlights

00:00 - Introduction to Paradox in Systems Change

05:01 - The Movement vs. Professional Field Paradox

10:44 - Long-Term Change vs. Immediate Harm Paradox

14:32 - Collaboration vs. Competition Paradox

18:16 - Public Learning vs. Risk Aversion Paradox

22:08 - Pluralism vs. Standardization Paradox

27:21 - Living with Paradox: Practices and Reflections

34:11 - Conclusion: Embracing Complexity in Change

Relevant Links

Criterion Institute website and LinkedIn

Joy Anderson’s LinkedIn

Dive Deeper

Framework for Financing the Prevention of Gender-Based Violence

Links to the episode’s focus on how financial systems shape—and can transform—the conditions underlying harm.

Fòs Feminista: Building Feminist Financial Infrastructure

Illustrates how movements build institutional structures—mirroring the movement vs. field paradox described in the episode.

Gender Lens Investing

A foundational resource on integrating gender and power into financial decision-making, relevant to the episode’s reflections on pluralism and standardized “proof.”

If you enjoyed this episode, consider listening to:

#80: What Are You Willing to See? Disruption, Fault Lines, and the Moments That Matter

Explores disruption as a moment that reveals underlying systems—closely aligned with the idea of paradox as a site of transformation.

#79: From Invitation to Trust: Rethinking Relationships in Finance

Builds on relational dynamics and collaboration—core tensions discussed in this episode.

#78: Intermediation is Not Overhead

Extends the conversation on field-building infrastructure and how systems change actually happens.

#77: Strength Is the Strategy: A Conversation on Movement‑Led Finance

Directly connects to the movement vs. field paradox by exploring how movements build financial tools and institutions.

Part of the ImpactAlpha Podcast Network

#81: AI at the Door: Grace, Hospitality, and Who We Talk To18 Jun 202600:18:14

In this episode of the Criterion Institute Podcast, Joy reflects on a recent conversation with her brother, philosopher Joel Anderson, about how AI is changing the way we work. While AI can function like a team of highly capable research assistants by supporting analysis, drafting, and synthesis, Joy explores the unintended consequences of turning to machines instead of people. What appears efficient on the surface can quietly lead to a withdrawal from collaboration, reducing opportunities for shared thinking, disagreement, and collective insight.

Drawing on Criterion’s core values of grace, hospitality, and the power of invitation, Joy reframes how AI should be used in systems change work. These practices of inviting others into the work, sharing ownership of ideas, and creating space for multiple perspectives are essential to shifting power. The question is not whether AI is helpful, but whether it is being used to deepen collaboration or to avoid it. Joy challenges listeners to reflect on who they are inviting into their work, and whether AI is expanding or replacing those invitations.

Episode Highlights

00:28 — A conversation on AI and collaboration

02:30 — The metaphor of AI as research assistants

04:49 — Grace, hospitality, and invitation as operating principles

07:08 — When efficiency becomes isolation

09:35 — The risk of replacing people with tools

11:59 — Rethinking participation and co‑creation

14:06 — Questions to guide AI use in practice

Relevant Links


Dive Deeper

Framework for Financing the Prevention of Gender-Based Violence

Highlights how systems—including finance—shape participation, power, and decision-making

Innovative Finance Navigation Guide

Supports broader participation in financial systems and conversations

Advanced practices in gender lens investing: FrontEnd Ventures

Demonstrates how analysis changes when multiple perspectives are included

If you enjoyed this episode, consider listening to:

#79: From Invitation to Trust: Rethinking Relationships in Finance

#76: Bring Your Expertise: Why AI Needs More Voices

#30: You Are Welcome: Hospitality, Strangers, and Family Myths

#74: No Permission Required: Volunteerism as a Power Shift

#78: Intermediation is Not Overhead

Part of the ImpactAlpha Podcast Network

#80: What Are You Willing to See? Disruption, Fault Lines, and the Moments That Matter04 Jun 202600:33:39

In this episode, Joy Anderson reframes one of the most common narratives in moments of crisis: instead of asking how to stabilize and return to normal, she asks what disruption makes visible. Building on earlier conversations about systems opportunities, she distinguishes between disruptive events and the deeper structural patterns they expose, and highlights how moments of volatility can make long-standing dynamics of power, risk, and inequity harder to ignore.

The episode opens with a conversation with Rachel Sinha, a systems change practitioner and field builder, as the two explore the tensions inherent in building a field, from questions of legitimacy and power to who gets resourced and recognized. From there, Joy connects these themes to Criterion’s work on gender-based violence, feminist finance, and local capital, showing how disruption can reveal hidden costs and overlooked actors within financial systems. The episode ultimately challenges listeners to treat disruption as evidence and invites them to see systems more clearly and act with greater readiness.

Episode Highlights

00:00 - Introduction to Systems Change and Disruption

02:49 - Building a Field of Systems Change Practice

06:05 - Power Dynamics in Systems Change

09:05 - Understanding Systems Opportunities

11:47 - Disruption as Revelation

15:09 - Examples of Systems Opportunities

18:00 - Responding to Disruption

20:51 - The Role of Communities in Systems Change

23:58 - Conclusion and Call to Action

Relevant Links

Criterion Institute Website and LinkedIn

Joy's LinkedIn

Rachel Sinha’s Linkedin

Dive Deeper

Framework for financing the prevention of gender-based violence

A systems-level framework that explains how financial structures, incentives, and norms influence the persistence of gender-based violence and how finance can be used to prevent it.

Fòs Feminista: Building Feminist Financial Infrastructure

A case study showing how a feminist intermediary designs and uses financial and non-financial assets to reshape capital flows and build long-term movement-led financial infrastructure.

Fostering a Feminist Financial Imagination: A Radical Conversation about Finance, Feminist Futures,…

A publication that explores how reimagining financial systems can unlock new strategies and possibilities for advancing gender equality and social justice.

Pacific Possibilities: Designing Better Financial Vehicles for the Pacific

A report that outlines how to design investment vehicles grounded in local economic and social realities, rather than forcing existing financial models onto communities.

Other episodes you might also like:

#75: When the Moment Arrives: Acting on Systems Opportunities

#78: Intermediation Is Not Overhead

#58: Check List or Trust List: Power, Performance, and the Politics of Procedure

#16: We Made This System Up, We Can Change It.

Part of the ImpactAlpha Podcast Network

#79: From Invitation to Trust: Rethinking Relationships in Finance21 May 202600:24:35

In this episode, Joy Anderson reflects on invitation as a foundational practice for leadership, collaboration, and systems change. Moving beyond calendar invites, she reframes invitation as a form of power that determines whether participation is passive or meaningful. When people are explicitly invited into roles that matter, where their presence is needed and their contribution is clear, progress is made. In complex systems where hierarchy is unclear, invitation becomes the mechanism that supports coordination and shared purpose.

Joy then reframes the notion of “handholding,” a common phrase in investing that often implies lack of capability. What is really being described, says Joy, is about trust, proximity, and power. Advice in investing is rarely neutral, especially when tied to capital, and what is presented as support can become control without permission and alignment. Drawing from work with the Mastercard Foundation African Growth Fund, she outlines four conditions that make for better and more balanced investment relationships: permission, boundaries, protection of vulnerability, and moments to recalibrate. Together, these help us to rethink how relationships are built and how influence operates within financial systems.

Episode Highlights

00:00 Introduction to the episode and themes

01:49 Invitation as a form of power

04:14 Invitation in complex collaborations and consortiums

06:18 From presence to contribution: what invitation makes possible

08:40 Practices of invitation in leadership and systems change

10:03 Rant: unpacking the phrase “handholding”

12:30 Trust, vulnerability, and investment relationships

14:57 Permission, advice, and power in investing

17:03 Capacity, timing, and misalignment in support

19:02 Conditions for “handholding” as trust infrastructure

21:17 Reflection questions on relationships and influence

22:26 Ways to engage with Criterion Institute

Relevant Links


Dive Deeper

Disrupting Fields: Addressing Power Dynamics in the Fields of Climate Finance and Gender Lens Investing

This report examines how power operates in emerging financial fields and how actors navigate existing systems while trying to change them. It highlights the tension between advancing new ideas and working within entrenched power structures, making it highly relevant to this episode’s focus on invitation, influence, and participation.

Addressing Power Dynamics in Investment Processes

A deep dive into how investment processes reflect and respond to power dynamics, including how trust, transparency, and engagement shape relationships between investors and companies. The report emphasizes the role of intentional design in building more equitable investment relationships.

Process Metrics that Analyze Power Dynamics in Investing

This report introduces tools for identifying and measuring how power shows up in investment processes—moving beyond representation to examine whose knowledge is valued and how decisions are made. It directly connects to the episode’s discussion of influence, control, and whose perspective shapes outcomes.

Advanced Practice in Gender Lens Investing

A framework for identifying and shifting power, privilege, and bias within financial systems by focusing on how investments are made. It highlights how changing processes—not just outcomes—can transform relationships and redistribute power in finance.

Other episodes you might also like:

#74: No Permission Required: Volunteerism as a Power Shift

#68: Clarity is Relational: Leadership in Complex Systems

#52: Reimagining Resourcing for Social Transformation – Part Two

Part of the ImpactAlpha Podcast Network

#78: Intermediation Is Not Overhead07 May 202600:25:20

In this episode, Joy Anderson reflects on a renewed wave of conversations around innovative finance following recent funding disruptions across the feminist movement, particularly in the context of discussions surrounding the Women Deliver conference in Australia. Drawing from Criterion Institute’s long-standing work at the intersection of finance and social change, she introduces a set of reframes designed to move organizations beyond the narrow question of “how do we get more funding?” toward a deeper understanding of how capital actually moves within economic systems.

The episode outlines seven key reframes. Through these reframes, Joy highlights the importance of financial infrastructure—intermediaries, instruments, and systems that structure relationships and shape power. Ultimately, the episode argues that sustainable and equitable movement-building depends not on accessing more money, but on intentionally designing the relationships and systems through which finance operates.

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Episode Highlights

00:00 - Introduction to Innovative Finance and Feminist Movements

05:14 - Understanding Economic Relationships in Movements

10:14 - The Role of Financial Intermediaries

15:08 - Reframing Funding and Economic Relationships

20:10 - Building Trust and Stability in Financial Systems

Relevant Links

Criterion Institute website and LinkedIn

Joy’s LinkedIn


Dive Deeper

Criterion TOOLKIT

Pacific Possibilities: Designing Better Financial Vehicles for the Pacific

Fostering a Feminist Financial Imagination


Other episodes you might also like:

#75: When the Moment Arrives: Acting on Systems Opportunities

#58: Check List or Trust List: Power, Performance, and the Politics of Procedure

#63: From Scarcity to Power: Reimagining Finance for Feminist Movements

‍

Part of the ImpactAlpha Podcast Network

‍https://impactalpha.com/podcasts


#77: Strength Is the Strategy: A Conversation on Movement‑Led Finance23 Apr 202600:36:00

#77: Strength Is the Strategy: A Conversation on Movement‑Led Finance

What happens when feminist movements stop asking permission—and start acting as asset owners?

In this episode, Joy Anderson is joined by Giselle Carino and Meradith Leebrick of Fòs Feminista to explore how movement‑led organizations are building financial tools, institutions, and enterprises that sustain reproductive justice over the long term.

In this conversation, they reflect on why organizational strength (governance, reserves, and financial discipline) is not separate from movement work but essential to it; how Fòs Feminista was deliberately designed by and for organizations in the Global South; and what it looks like to act as a financial intermediary without training wheels. They trace Fòs Feminista’s long history with innovative finance, dig into the creation and scaling of INNOVA Health Supplies as a feminist social enterprise, and challenge conventional assumptions about risk, collateral, and repayment, arguing instead for designing capital that matches the realities, time horizons, and power dynamics of real change.

Episode Highlights

00:00 - Introduction to Fòs Feminista and Its Mission

02:50 The Concept of 'Fòs' and Its Origins

05:40 Building a Strong Ecosystem for Reproductive Justice

08:01 Organizational Stability and Movement Leadership

14:18 Innovative Finance Strategies in Reproductive Health

17:33 Collaborative Solutions for Sexual and Reproductive Health

22:15 Acting as Asset Owners in the Movement

30:11 Scaling Impact and Future Directions

Relevant Links


Mentioned in this Episode


Dive Deeper


Other episodes you might also like:

#74: No Permission Required: Volunteerism as a Power Shift

#72: From Add-on to Operating System: Rethinking the Role of Services in Local Value Creation

#73: Search Funds Reframed: Expanding Access to Business Ownership

#20: Shifting Power in Investment Practice: The Costs of Doing Business

Part of the ImpactAlpha Podcast Network

#76: Bring Your Expertise: Why AI Needs More Voices09 Apr 202600:24:55

In this conversation, Joy Anderson and Mara Bolis discuss the intersection of gender lens investing and AI, highlighting the importance of diverse perspectives in shaping the future of technology. Mara shares her journey from working at Oxfam to exploring AI at the Kennedy School, and her reflections on addressing gender inequality in emerging technologies. They explore the challenges of navigating spaces traditionally dominated by experts and why it’s time to bring new types of knowledge into AI discussions. The conversation underscores the value of interdisciplinary approaches and the power of collective learning to empower underrepresented voices in the tech space.

Episode Highlights

00:00 - Introduction to AI and Power Dynamics

03:11 - Imposter Syndrome and Interdisciplinary Leadership

06:06 - The Importance of Domain Expertise in AI

09:08 - Challenging Traditional Notions of Expertise

11:55 - The Role of Gender in Economic Systems

15:12 - Agency and Participation in AI Development

17:59 - Practical Tips for Engaging in AI

20:49 - Building Community and Learning Together

Relevant Links


Dive Deeper


If enjoyed this episode, consider listening to “Knowledge and Power,” which offers language for recognizing and challenging whose expertise carries weight in decision‑making spaces, and “Disrupting Fields,” which looks at how authority, legitimacy, and participation take shape as new fields emerge.

Part of the ImpactAlpha Podcast Network https://impactalpha.com/podcasts

#75: When the Moment Arrives: Acting on Systems Opportunities26 Mar 202600:19:51

In this episode, we share how Criterion approaches systems change—by paying close attention to where leverage actually lives, how power moves through relationships, and why timing matters as much as ideas. You’ll hear how we think about staying close to the people and systems that can shift outcomes, even when it looks like we’re waiting. This perspective reframes strategy as readiness: noticing signals, building trust, and being prepared to step forward when the moment to act genuinely arrives.

Episode Highlights

00:00 Introduction to Systems Change and Strategy

03:01 Understanding Systems Opportunities

05:49 The Role of Timing in Systems Change

09:13 Defining System Tensions and Opportunities

12:06 Strategic Posture and Approach

14:58 The Importance of Relationships in Systems Change

17:55 Conclusion and Call to Action


Relevant Links

  1. Criterion Institute website and LinkedIn
  2. Joy’s LinkedIn
  3. Criterion’s Strategic Plan
  4. Donella Meadow’s Leverage Points

If this episode resonates, you may also want to listen to “Clarity Is Relational,” which explores how sense‑making and strategy emerge through relationships, and “Navigating Paradoxes,” which looks at how leverage and emergence show up in real market systems.

Part of the ImpactAlpha Podcast Network https://impactalpha.com/podcasts

#74: No Permission Required: Volunteerism as a Power Shift12 Mar 202600:18:47

In this episode of The Criterion Institute Podcast, Joy Anderson reflects on the often-overlooked power of volunteerism and voluntary association as a foundational force in civic life, democracy, and systems change. Drawing on history, personal experience, and Criterion’s own organizational design, Joy explores how spaces that are not governed by markets, paychecks, or formal permission create access, shift power, and allow people to learn, belong, and act together. She traces the evolution from early American voluntary associations to modern professionalized nonprofits, questioning when expertise became a gate and why unpaid work is so often dismissed as less valuable. At its heart, this episode is an invitation to reconsider freedom of association—not as charity or secondary labor, but as a vital way we build communities, share power, and sustain ourselves beyond our formal professional lives.

Episode Highlights

00:00 Introduction

00:29 Joy Anderson's Background and the Foundation of Criterion

01:25 The Significance of Access and Volunteerism in Civic Life

02:25 Historical Roots of Voluntary Associations in America

03:11 Early 19th Century Social Reform Movements

04:05 The Proliferation of Voluntary Associations in the 19th Century

05:28 The Shift to Professionalization of Nonprofits

07:21 Benefits and Barriers of Professionalism in Volunteer Work

09:35 The Value of Informal Economies and Voluntary Association

10:53 Community and Volunteerism at Criterion Institute

12:47 The Power of Free Association and Its Social Impact

14:13 Volunteering as a Form of Community Building

16:39 Opportunities for Engagement with Criterion Institute

18:22 Closing Remarks and How to Get Involved



Relevant Links



Part of the ImpactAlpha Podcast Network https://impactalpha.com/podcasts


#73: Search Funds Reframed: Expanding Access to Business Ownership26 Feb 202600:41:07

In this episode of the Criterion Institute podcast, Joy Anderson explores the concept of search funds as a transformative financial tool for entrepreneurship. The discussion highlights the potential of search funds in different contexts, particularly in Africa and the U.S., emphasizing the importance of power dynamics, governance, and the role of impact investing in business ownership. The conversation also addresses the challenges and opportunities of entrepreneurship through acquisition, advocating for a shift in how we perceive and support business ownership.

Episode Highlights

00:00 - Introduction to Search Funds and Power Dynamics

02:48 - Search Funds in Africa: Opportunities and Challenges

06:14 - Entrepreneurship Through Acquisition in the U.S.

09:08 - Rethinking Entrepreneurship: The Case for Buying Businesses

11:59 - The Mechanics of Entrepreneurship Through Acquisition

14:48 - Power Dynamics in Business Transactions

18:05 - The Role of Impact Investing in Business Ownership

20:59 - Navigating the Entrepreneurial Landscape

24:11 - The Future of Entrepreneurship and Ownership

27:02 - Conclusion and Call to Action

Relevant Links

• Criterion Institute website and LinkedIn

• Joy’s LinkedIn

• Eric's LinkedIn

• Allegra's LinkedIn

• Lindsay's LinkedIn

• Joy's Post on Search Funds

Part of the ImpactAlpha Podcast Network https://impactalpha.com/podcasts

#72: From Add-on to Operating System: Rethinking the Role of Services in Local Value Creation12 Feb 202600:47:52

In this episode, Joy Anderson is joined by Entrepreneurial Solutions Partners co-founders Eric Kacou and Charity Kabango to explore what it truly takes to build thriving businesses and markets across Africa. Together, they challenge familiar impact investing narratives and offer a radically different way of thinking that centers entrepreneurs as human beings embedded in complex ecosystems.

The conversation ranges from hope and value creation to the often overlooked power of the service economy, asking what markets need in order to actually work. With insight drawn from years of partnership through the Mastercard Foundation Africa Growth Fund, this episode invites listeners to rethink expertise and imagine what becomes possible when we design economies around dignity, choice, and investable hope.

Episode Highlights

Chapters

00:00 Introduction to the Criterion Institute Podcast

02:14 The Genesis of Entrepreneurial Solutions Partners (ESP)

06:21 Centering Entrepreneurs in Their Context

10:16 Understanding the Ecosystem and Entrepreneurial Challenges

14:25 The Survival Trap and Systemic Change

18:30 Collaboration and the Role of Service Providers

22:16 Power Dynamics and Choice in Entrepreneurship

26:08 Investable Hope and Capital Allocation

30:41 Pre-Investment Value Creation Services

34:32 The Importance of Service Providers in the Economy

38:04 Investing in Service Businesses

40:54 Building Infrastructure for Productivity

42:56 Hope and Future Aspirations

Relevant Links

• Criterion Institute website and LinkedIn

• Joy’s LinkedIn

• Eric's LinkedIn

• Charity's LinkedIn

• Episode #57: Investable Hope: A Conversation with Susie Pan on Financing the Future

• Investing in Africa’s Future: A Roadmap to Dignified and Fulfilling Job Creation


Part of the ImpactAlpha Podcast Network

https://impactalpha.com/podcasts


#71: Time to Pause: How We Learn to Let Go, Listen and Pivot29 Jan 202600:20:04

In this episode of the Criterion Institute podcast, Joy Anderson reflects on the power of letting go—of beliefs, assumptions, and fixed identities that may no longer serve us. Through a personal story about guided meditation, she explores how releasing long-held ideas can create the conditions for more grounded leadership. As we enter 2026, this reflection becomes an invitation to reassess what we think is necessary or unchangeable, and to hold space for discernment, listening, and imagination. Letting go, Joy reminds us, is not about abandoning values—it’s about making room for clarity in a shifting world.

The second half of the episode turns to a live example of that clarity in practice: Criterion’s decision to postpone its 22nd Convergence event. Joy walks us through how this decision emerged from sustained listening and a willingness to pivot. Rather than centering an annual convening, Criterion is shifting toward deeper partnership, extended collaboration, and more focused engagements to address gender-based violence through finance. This change reflects a discipline of responding to what is truly needed—and offering more precise, actionable invitations that align with the urgency and complexity of this moment.

Episode Highlights

00:00 - Welcome to 2026: A New Era of Action

05:51 - Letting Go of Outdated Beliefs

12:02 - Listening and Pivoting: The Power of Adaptation

18:09 - Building Trust Through Change



Relevant Links




Part of the ImpactAlpha Podcast Network 

https://impactalpha.com/podcasts


#70: Financing Patience: Movements, Markets and the Long Game15 Jan 202600:41:12

In this episode, Joy explores the surprising parallels between funding social movements and financing market formation companies. Joy Anderson, along with guests Katharina Samara-Wickrama and Medina Haeri, dives into what movement funding really requires: patient, long‑term investment; flexible core support instead of short‑term project grants; and a commitment to relationship‑building and collective strategy. They highlight how change often emerges after decades of groundwork and emphasize that breaking out of siloed thinking is essential because justice issues are deeply interconnected.

Joy then connects these insights to the logic of market formation, where organizations must build demand for something that doesn’t yet exist—requiring long time horizons, experimentation, narrative shaping, and capital that tolerates uncertainty. The episode frames this moment as a turning point, with feminist movements beginning to engage more intentionally with innovative finance. Through the Helia Collaborative–Criterion partnership, activists and finance practitioners are learning to speak each other’s language and co-create more resilient, systems‑level approaches to financing long-term change.

 

Episode Highlights

00:00 Funding Movements and Market Formation

10:05 The Role of Patience in Funding Movements

19:54 Building Relationships Across Sectors

30:09 Innovative Finance and Movement Collaboration

 

Relevant Links


Part of the ImpactAlpha Podcast Network 

https://impactalpha.com/podcasts


#69: The Stories We Choose: Finding Meaning in the Broken Glass of 202501 Jan 202600:26:29

In this episode, Joy reflects on the past year and the importance of storytelling in shaping our future. She discusses the common practice of making New Year's resolutions and how they often fall short, advocating instead for a broader perspective that encompasses multiple narratives. Joy introduces the concept of viewing our experiences through a kaleidoscope, allowing for a richer understanding of the past and its impact on our future. She emphasizes the need for resilience and energy as we move into the new year, encouraging listeners to consider the stories they tell about their experiences and how these narratives can inform their goals and aspirations.

Episode Highlights

00:00 Reflecting on the Past Year

09:04 The Kaleidoscope of Stories

18:03 Energy and Resilience for the Future

Relevant Links

  1. Criterion Institute website and LinkedIn
  2. Joy’s LinkedIn

Part of the ImpactAlpha Podcast Network

https://impactalpha.com/podcasts

#68: Clarity is Relational: Leadership in Complex Systems18 Dec 202500:15:58

In this episode of the Criterion Institute podcast, Joy Anderson begins with a provocation about clarity, questioning how calls for “being clear” often place responsibility on the speaker, rather than asking listeners to stay with complexity and do the work of understanding. The episode then shifts into a conversation with systems change leader Rachel Sinha, where the two explore communication as a relational and systemic practice. Together, they reflect on the role of relationships in systems change, the responsibilities of leadership in complex contexts, and the importance of imagination in making alternative futures possible. Throughout, the conversation emphasizes that transformation depends not on simplifying what is hard, but on cultivating connection, attention, and shared sense-making.

Episode Highlights

00:00 Questioning clarity and staying with complexity

02:56 A conversation with Rachel Sinha: communication as a relational practice

06:06 Leadership in systems change

08:59 Imagination as a catalyst for alternative futures

11:47 Creating space for meaningful conversation

Relevant Links 


Part of the ImpactAlpha Podcast Network 

https://impactalpha.com/podcasts



#67: Financing the Reduction of GBV: From Insights to Infrastructure04 Dec 202500:23:46

In this episode, Joy Anderson discusses the intersection of finance and gender-based violence, emphasizing the need for transformative systems change. She reflects on the insights gained from Donella Meadows' work on leverage points in systems change and the importance of building infrastructure to support gender-based violence solutions. The conversation highlights the role of data and predictive models in investment decisions and calls for a collective effort to address gender-based violence as a material risk in global finance.

Episode Highlights

  • 00:00 – Introduction to Transformative Finance and Gender-Based Violence
  • 01:46 – The Role of Infrastructure in Addressing Gender-Based Violence
  • 08:29 – Insights and Collisions: Bridging Finance and Gender-Based Violence
  • 19:02 – Building Systems for Sustainable Change in Gender-Based Violence

Relevant Links 


Part of the ImpactAlpha Podcast Network 

https://impactalpha.com/podcasts

#66: Designing Finance for Context: A Conversation with Joanna Levitt Cea20 Nov 202500:33:30

In this episode, Joy sits down with Joanna Levitt Cea, Founder and Principal of Valiente Capital Design and lead of the Gender Funders CoLab report Moving Beyond Grant Capital: Meeting the Moment with Innovative Finance. Together, they unpack what it means to truly design finance for context - not just replicate existing models - and explore how fund design can become a tool for shifting power and advancing gender justice.

The conversation dives into the challenges of translation between finance and community knowledge, the pitfalls of “landscape mapping” without real co-design, and the importance of experimentation over perfection. Ultimately, Joy and Joanna invite listeners to imagine finance as an evolving language of possibility - one rooted in courage, care, and collaboration.

Episode Highlights

  • 00:27 - Introduction
  • 04:37 - Start with context, not track record
  • 08:49 –Separating design from management
  • 12:27 - The danger of hidden rules in design
  • 16:34 - Translation: finance language and context
  • 24:43 - Valiente’s brave translation work
  • 31:15 - Move resources now: plurality and iteration

Relevant Links


Part of the ImpactAlpha Podcast Network

https://impactalpha.com/podcasts

#65: Investing as if Hope Mattered: The Church, Finance, and the Imagination to Act06 Nov 202500:25:01

In this episode, Joy reflects on the deep connections between faith, finance, and imagination - exploring how churches and faith communities can play a transformative role in shaping economic systems that reflect their values.

From the wake of 9/11 to the founding of Criterion Institute, Joy traces the journey of learning to “invest as if hope mattered,” challenging listeners to see finance not as neutral, but as a tool for justice and systemic change. Through stories of faith-driven action and institutional courage, this episode invites us to imagine what’s possible when belief and capital move in the same direction.

Episode Highlights

  • 00:27 - Introduction
  • 04:03 - Historical Context and Early Initiatives
  • 12:07 - Innovative Financial Structures and Community Impact
  • 17:46 - Bridging Theology and Finance
  • 20:03 - Addressing Gender-Based Violence through Finance
  • 21:49 - Imagining a New Economic Future

Relevant Links


Part of the ImpactAlpha Podcast Network

https://impactalpha.com/podcasts

#64: Joy as an Act: Birthday reflections on what is in a name23 Oct 202500:18:40

In this special birthday episode, Joy reflects on the meaning behind her name and what it represents in her life and work. The episode begins with her parents, Herbert and Phyllis Anderson, sharing the touching story of how they met unexpectedly in 1964, fell in love quickly, and decided early on that their first daughter would be named Joy - a name that symbolised their gratitude, faith, and delight in life’s surprises.

Joy then reflects on growing up with such a name, exploring the tension between joy as a noun - a state of being - and as a verb - something active and dynamic. Through personal stories, linguistic insights, and reflections on joy as both resistance and resilience, she connects her name to broader ideas of purpose, social change, and finding light in the unexpected.

Episode Highlights

  • 00:27 - Introduction
  • 02:18 – Surprised by Joy
  • 06:56 – Faith and Financial Grace
  • 09:07 – Owning the Name
  • 13:37 – Joy Is Not the Goal
  • 16:01 – Joy as Resistance

Relevant Links


Part of the ImpactAlpha Podcast Network

https://impactalpha.com/podcasts

#63: From Scarcity to Power: Reimagining Finance for Feminist Movements09 Oct 202500:22:15

In this episode, Joy reflects on the crisis in funding for feminist and justice-focused non-profits, where traditional philanthropy has dramatically declined in recent years. She explores the need for organisations to move beyond simply plugging funding gaps and instead build financial power by rethinking how assets are used to generate revenue.

Drawing on examples such as the Equality Fund, Joy makes the case for a feminist financial imagination, one that sees finance as a system of power to be reshaped rather than just a source of grants. Using metaphors from South Park to foundations’ endowments, she outlines how organisations can leverage assets strategically, shift power dynamics, and create more durable, resilient structures for social change.

Episode Highlights

  • 00:27 - Introduction
  • 05:41 - Rethinking Financial Power Dynamics
  • 07:50 - South Park "Underpants Gnomes" episode
  • 11:30 - Assets, Revenue, and Sustainability
  • 17:37 - Creative Solutions for Financial Stability

Relevant Links


Part of the ImpactAlpha Podcast Network

https://impactalpha.com/podcasts

#62: Pipelines of Trust: Rethinking Local Capital Mobilization in Africa25 Sep 202500:37:08

In this episode, Joy chats with Elizabeth Howard about the transformative potential of finance in the context of African investments. They discuss the challenges faced by women fund managers, the importance of local capital mobilization, and the need to rethink traditional investment models that often exclude innovative approaches. The conversation highlights the significance of trust in financial markets and the necessity of adapting investment strategies to local contexts.

Episode Highlights

  • 00:27 - Introduction
  • 05:10 - Elizabeth Howard's Impact
  • 09:00 - Local Capital and Women Fund Managers
  • 15:00 - Challenges and Innovations in Investment
  • 21:00 - Trust and Regulatory Frameworks
  • 27:00 - Future of Investment in Africa

Relevant Links


Part of the ImpactAlpha Podcast Network

https://impactalpha.com/podcasts

#61: In Conversation: Building the Future of the Field from Convergence to Action11 Sep 202500:38:06

This episode dives into the creation of the new report: “Reimagining Gender Lens Investing Futures: Possibilities and Perspectives from the Field” and the pivotal role of the 2025 Convergence event. Joy is joined by some of the authors of the report - Sanjana Chhantyal and Susie Pan - to discuss how the original plans for Convergence shifted, leading to a focus on reimagining the future of the gender lens investing field. They highlight the need to expand beyond dominant narratives and bring in a diverse range of voices and strategies.

Together, they look at how the report can be used as a fundraising and strategy tool, encouraging field builders to reflect on their own roles, share their stories, and collaborate toward shaping the future. Looking ahead, they share excitement for Convergence 2026 and the collective opportunities to advance innovation, imagination, and systemic change in gender lens investing.

Episode Highlights

  • 00:27 - Introduction
  • 05:26 - Diversity and Representation in the Field
  • 08:48 - Standardization vs. Contextualization
  • 11:46 - The Role of Power Dynamics
  • 14:27 - Navigating Expectations and Responsibilities
  • 17:39 - The Future of Gender Lens Investing
  • 20:26 - Call to Action for Funders
  • 23:28 - Imagination and Innovation in the Field
  • 26:48 - Conclusion and Reflections

Relevant Links


Part of the ImpactAlpha Podcast Network

https://impactalpha.com/podcasts

#60: Building Momentum: Convergence 2026 and the Future of Finance in Ending GBV28 Aug 202500:23:07

In this episode, Joy reflects on Criterion's ongoing work to leverage finance as a tool to reduce Gender-Based Violence (GBV). She discusses the progress made in building evidence, creating tools, and training thousands of investors and social change leaders worldwide. She emphasizes that reducing GBV is complex and requires deep, collaborative strategies — not quick fixes.

The episode outlines the next phase of Criterion’s work: scaling action by amplifying success stories, providing more advanced education for both investors and practitioners, and creating spaces for collaboration, such as the February 2026 Convergence conference, which will focus entirely on GBV.

Episode Highlights

  • 00:27 - Introduction
  • 02:29 - Financing Gender-Based Violence Reduction
  • 05:34 - Building Evidence and Mobilizing Action
  • 09:24 - Teaching and Learning for Social Change
  • 13:12 - Engaging New Allies and Resources
  • 17:18 - Convergence 2026 and Community Building

Relevant Links


Part of the ImpactAlpha Podcast Network

https://impactalpha.com/podcasts

#59: The Art of Dialogue: Transforming Conferences into Conversations14 Aug 202500:20:02

In this episode, Joy discusses the often-overlooked potential of conference panels and networking. She reflects on how panels can be transformed from mundane presentations into engaging dialogues that prioritize audience interaction.

Joy also recounts some memorable advice she got from Van Jones over 20 years ago about the importance of genuine networking, encouraging attendees to connect with those they might overlook, and fostering a culture of hospitality and openness.

Episode Highlights

  • 00:27 - Introduction
  • 02:43 - Reimagining Conference Panels
  • 14:35 - Advice from Van Jones - The Art of Networking at Conferences

Relevant Links


Part of the ImpactAlpha Podcast Network

https://impactalpha.com/podcasts

#58: Check List or Trust List: Power, Performance, and the Politics of Procedure31 Jul 202500:21:56

In this episode, Joy explores the complexities and paradoxes surrounding checklists in the context of gender lens investing and systems change. She highlights their limitations in fostering understanding and meaningful action, but also discusses how checklists can serve as tools for compliance and control.

Joy advocates for a shift from traditional checklists to 'trust lists' that prioritize relationships, safety, and transparency in systems, ultimately aiming for transformative change in financial practices and power dynamics.

Episode Highlights

  • 00:27 - Introduction
  • 03:15 - A rant on Checklists
  • 06:37 - Checklists: Control vs. Understanding
  • 09:54 - Checklists Redeemed: Tools for Safety and Trust
  • 16:28 - Compliance and Relationships in Systems
  • 19:47 - Rethinking Checklists: Trust Lists vs. Checklists

Relevant Links


Part of the ImpactAlpha Podcast Network

https://impactalpha.com/podcasts

#57: Investable Hope: A Conversation with Susie Pan on Financing the Future17 Jul 202500:22:33

In this episode, Joy and the Vice President of the Criterion Institute, Susie Pan, explore the concept of 'investable hope' - a compelling idea that combines finance with the notion of hope for a better future. They discuss the importance of hope in times of crisis, the shift from individual to collective hope, and how investments can be a pathway to creating a more equitable society.

And finally, Joy discusses Criterion's practice of prioritising relationships with people who are responsible for their own hope.

Episode Highlights

  • 00:27 - Introduction
  • 02:17 - The Role of Hope in Crisis
  • 07:48 - Collective vs. Individual Hope
  • 11:42 - Investing in a Better Future
  • 17:48 - Practice - Responsibility for One's Own Hope

Relevant Links


Part of the ImpactAlpha Podcast Network

https://impactalpha.com/podcasts

#56: Maybe I’m Just Cranky: Burnout, Autonomy, and the Cost of Leadership03 Jul 202500:19:48

In this episode, Joy explores the complexities of existential crises, burnout, and the importance of self-reflection. She discusses the challenges of feeling overwhelmed in today's world, the difference between self-diagnosis and honest reflection, and the significance of autonomy and control in one's work life. Joy emphasizes the need for structure and accountability to find freedom in decision-making and the power of choice in shaping one's path.

Episode Highlights

  • 00:27 - Introduction
  • 02:59 - Understanding Burnout and Its Causes
  • 05:55 - Self-Diagnosis vs. Honest Reflection
  • 09:02 - The Role of Autonomy and Control
  • 12:07 - Finding Freedom in Structure
  • 14:59 - The Power of Choice

Relevant Links


Part of the ImpactAlpha Podcast Network

https://impactalpha.com/podcasts

#55: If You’re Here, You Must Be Fine: Watching HBO's Hit Show 'The Rehearsal' with Power in Mind19 Jun 202500:25:14

In this episode, Joy discusses the HBO show 'The Rehearsal' and its parallels to power dynamics in finance and aviation. The conversation explores themes of communication, vulnerability, authority, and the importance of diversity in decision-making environments. Through the lens of the show, Joy highlights how rehearsing new scripts and norms can lead to better outcomes in high-stakes situations.

Episode Highlights

  • 00:27 - Introduction
  • 02:48 - Aviation Safety and Communication Dynamics
  • 05:18 - Power Dynamics in Cockpits and Finance
  • 10:28 - The Role of Vulnerability in Decision Making
  • 18:11 - Diversity and Communication in High-Stakes Environments
  • 22:38 - Rehearsing New Norms and Scripts in Leadership

Relevant Links


Part of the ImpactAlpha Podcast Network

https://impactalpha.com/podcasts

#54: Parallel Lives Born Q4 1967: A Conversation with Joyce-Ann Wainaina on Purpose, Family, and Finance05 Jun 202500:44:47

In this episode, Joy engages in a rich conversation with Joyce-Ann Wainaina, founder of Chui Ventures. They explore their personal journeys, the impact of their backgrounds, and the role of finance in transformative systems change.

The discussion delves into the importance of confidence, the challenges of navigating career transitions, and the need for gender equity in investment. They emphasize the significance of supporting African founders and the power of community in fostering innovation and change.

Episode Highlights

  • 00:27 - Introduction
  • 02:43 - Personal Journeys and Shared Experiences
  • 07:01 - The Role of Religion in Shaping Identity
  • 13:43 - Career Transitions: From Teaching to Finance
  • 22:21 - The Importance of Learning to Learn
  • 32:07 - Investing in African Founders
  • 42:00 - Grounded Leadership and Authenticity

Relevant Links


Part of the ImpactAlpha Podcast Network

https://impactalpha.com/podcasts

#53: Looking at Costs: Why Gender Isn’t Expensive—But Resistance Is22 May 202500:12:05

In this episode, Joy explores the perceived costs associated with integrating gender into investments and the expenses related to control in community building. She argues that gender integration can be cost-neutral in the long run, emphasizing that the real costs arise from resistance and bias.

Additionally, Joy discusses how control can be expensive in collaborative efforts and how reducing control can lead to more effective community engagement and lower costs.

Episode Highlights

  • 00:27 - Introduction
  • 02:28 - Gender as Cost Neutral
  • 06:05 - The Costs of Control

Relevant Links


Part of the ImpactAlpha Podcast Network

https://impactalpha.com/podcasts

#52: Reimagining Resourcing for Social Transformation - Part Two08 May 202500:51:54

In this episode, Joy engages in a deep conversation with Katharine Im-Jenkins, managing director of the Equality Fund. They explore the innovative financing strategies behind the Equality Fund, the power dynamics within endowments, and the importance of sustainable funding for grassroots organizations working on gender equality.

The discussion highlights the challenges and opportunities in feminist funding, the role of governance in managing endowments, and the need for collaboration and trust in the philanthropic landscape. They also reflect on the current challenges facing feminist movements and the importance of imagining new models for future resourcing.

Episode Highlights

  • 00:27 - Introduction
  • 02:11 - The Equality Fund: A Bold Initiative
  • 04:22 - Power Dynamics in Endowments
  • 10:30 - Designing for Sustainability and Resilience
  • 18:04 - The Role of Endowments in Social Change
  • 25:13 - Navigating Financial Norms and Challenges
  • 32:56 - Responding to Current Challenges in Feminist Funding
  • 38:46 - Building Trust and Collaboration in Governance
  • 45:20 - Imagining New Models for Future Resourcing

Relevant Links


Part of the ImpactAlpha Podcast Network

https://impactalpha.com/podcasts

#51: Reimagining Resourcing for Social Transformation - Part One24 Apr 202500:42:43

In this episode - part one in a two-part series on this topic - Joy and Yifat Susskind (Executive Director of MADRE) discuss the importance of a feminist financial imagination in the context of social transformation and funding for women's rights organizations.

Joy then reimagines and explores the challenges faced by current funding systems, the role of philanthropy, and innovative financial tools and investment strategies that can support social justice movements. The discussion emphasizes the need for new ways to finance work, optimize cash flow, and create community-owned economic models, all while fostering a hopeful future for feminist movements.

Episode Highlights

  • 00:27 - Introduction
  • 04:04 - The Role of Philanthropy in Social Change
  • 12:11 - Challenges in Current Funding Systems
  • 18:04 - Exploring Financial Tools for Social Justice
  • 29:54 - Innovative Investment Strategies for Feminist Movements
  • 41:47 - Conclusion and Call to Action

Relevant Links


Part of the ImpactAlpha Podcast Network

https://impactalpha.com/podcasts

#50: Celebrating 50 Episodes: Joy & David Bank on Impact, Media, and the Future10 Apr 202500:21:39

In this celebratory 50th episode of the Criterion Institute podcast, Joy engages in a heartfelt conversation with David Bank, CEO of Impact Alpha. They reflect on the power of voice in impact investing, the importance of language, and the role of media in shaping community narratives.

Joy then shares her personal journey of finding her voice and invites listeners to explore their own. The episode highlights the significance of partnerships and the continuous evolution of impact investing discourse.

Episode Highlights

  • 00:27 - Introduction
  • 02:45 - The Power of Voice in Impact Investing
  • 06:03 - Navigating the Landscape of Impact Media
  • 09:00 - The Importance of Language and Communication
  • 12:03 - Building a Community Through Shared Voices
  • 14:56 - Reflections on Personal Growth and Voice
  • 17:55 - An Invitation to Find Your Voice

Relevant Links


Part of the ImpactAlpha Podcast Network

https://impactalpha.com/podcasts


#49: When Optimism Meets Uncertainty: Finding Grace on a Monday Morning27 Mar 202500:13:45

In this episode, Joy reflects on the role of hope in times of uncertainty. She shares how the practice of acknowledgment at the recent Convergence conference created space for courageous conversations about power, privilege, and resilience. Joy also recounts a candid exchange that reminded her of the importance of showing up, even when hope feels distant. Through moments of vulnerability and connection, this episode explores how we can find grace and strength in community.

Episode Highlights

  • 00:27 - Introduction
  • 01:55 - Acknowledgment and Power Dynamics
  • 09:55 - Finding Grace in Vulnerability
  • 13:18 - Pathways to Hope and Leadership

Relevant Links


#48: The Future We Demand: Organizing, Mobilizing, and Resisting Together13 Mar 202500:16:05

In this episode, Joy discusses the critical role of organizing and mobilizing in creating transformative change within finance. She reflects on insights gained from recent conversations and emphasizes the need for collective action, particularly in the context of sustainable finance. The discussion covers various strategies, including shareholder activism, pledges, and community organizing, while also addressing the challenges of resistance and the importance of hope in driving future actions.

Episode Highlights

  • 00:27 - Introduction
  • 00:57 - The Importance of Organizing and Mobilizing
  • 07:05 - Strategies for Sustainable Finance
  • 10:57 - Collective Action and Resistance
  • 14:59 - Hope and Future Directions in Finance

Relevant Links


#47: Spelling it out: Gender Lens Investing Deserves Words, Not Acronyms27 Feb 202500:12:49

In this episode, Joy discusses the significance of acronyms in communication, particularly in the context of finance and social change. She emphasizes the importance of clarity and meaning over brevity, arguing that acronyms can obscure understanding and create exclusivity. Joy critiques the use of acronyms in Gender Lens Investing and other initiatives, advocating for a more explicit and meaningful approach to language that fosters better communication and understanding.

Episode Highlights

  • 00:27 - Introduction
  • 01:01 - The Power and Pitfalls of Acronyms
  • 04:46 - The Impact of Acronyms on Communication
  • 10:01 - Rethinking Gender Lens Investing and Its Acronym

Relevant Links


#46: Challenging Toxic Masculinity: Is there a Business Case for Investing in Good Men?13 Feb 202500:27:18

In this episode, Joy explores the complex relationship between masculinity and finance, emphasizing the need for a business case for good men. She discusses the challenges faced by men in today's society, including the impact of toxic masculinity and the importance of mental health. Joy is then joined by her father, Herbert Anderson, who shares his insights on masculinity and vulnerability, advocating for a reimagining of masculinity that includes justice and shared power.

Episode Highlights

  • 00:27 - Introduction
  • 02:34 - The Business Case for Good Men
  • 12:40 - Exploring Masculinity with Herbert Anderson
  • 25:11 - Reimagining Masculinity in Modern Systems

Relevant Links


#45: Making Sense of Complexity: Frameworks That Work (and Those That Don’t)30 Jan 202500:18:37

In this episode, Joy discusses the significance of frameworks in understanding and driving social change. She reflects on the comfort that frameworks provide in navigating complex information and the challenges posed by inherited frameworks that may no longer serve their purpose. The discussion highlights the iterative and sometimes frustrating process of developing frameworks, but also celebrates the joy and intellectual stimulation that comes from creating new ways to categorize and analyze information.

Episode Highlights

  • 00:27 - Introduction
  • 02:17 - The Importance of Frameworks in Analysis
  • 06:11 - Inherited Frameworks and Their Limitations
  • 10:05 - Creating New Frameworks for Social Change
  • 15:47 - The Joy of Framework Development

Relevant Links


#44: Four Futures: Reimagining Gender Lens Investing in a Changing World16 Jan 202500:20:24

In this episode, Joy reflects on the future of gender lens investing, discussing the barriers and opportunities within the field. She outlines four potential futures for gender lens investing, emphasizing the need for a nuanced understanding of how gender intersects with various sectors. The episode highlights the current challenges faced in the investment landscape, while also encouraging listeners to envision a more equitable future.

Episode Highlights

  • 00:27 - Introduction
  • 06:01 - Barriers and Opportunities in Gender Lens Investing
  • 12:04 - Diverse Futures of Gender Lens Investing
  • 17:53 - Navigating Challenges and Imagining Possibilities

Relevant Links


#43: Building Resilient Economies with Lilian Mramba: The Power of Funky Banking02 Jan 202500:32:06

In this episode, Joy engages in a deep conversation with Lilian Mramba, the Chief Investment Officer at Grassroots Business Fund. They discuss the challenges and opportunities in transformative finance, particularly in the context of gender lens investing and the needs of small businesses.

The conversation highlights the importance of creating flexible capital solutions and the concept of a 'funky bank' that can address the unique needs of underserved businesses. They emphasize the significance of impact returns over financial returns and the resilience required in fragile economies. Ultimately, the discussion reflects on the long-term commitment needed to drive systemic change in the financial landscape.

Episode Highlights

  • 00:27 - Introduction
  • 09:30 - Creating Flexible Capital Solutions
  • 14:30 - The Concept of a Funky Bank
  • 22:10 - Resilience in Fragile Economies
  • 30:11 - Living in Purpose and Impact

Relevant Links


#42: 10 Years On: Reflecting on the State of Gender Lens Investing19 Dec 202400:26:34

In this episode, Joy reflects on the 10-year anniversary of the State of the Field report on gender lens investing, co-authored with Katherine Miles in 2015. She revisits the report's framework, which categorized the field into three key areas: ideas, activity, and people and organizations. Joy highlights the progress made over the past decade, including advancements in metrics, new products, and the emergence of organizations driving the field forward.

With Criterion’s Convergence XXI conference on the horizon, Joy calls for renewed energy to push the field further. She emphasizes that while the structure and groundwork are in place, continued experimentation, critical dialogue, and collective effort are essential to reimagine a future where gender lens investing can drive transformative systems change. Join the conversation as we reflect on where we’ve come from, and where we need to go.

Episode Highlights

  • 00:27 - Introduction
  • 03:02 - Reflecting on the State of the Field Report
  • 05:55 - Understanding the Framework of Gender Lens Investing
  • 09:01 - The Evolution of Ideas in Gender Lens Investing
  • 11:52 - Activity and Progress in the Field
  • 14:51 - Standards, Metrics, and Accountability
  • 18:06 - Building Community and Organizations
  • 21:02 - Training, Expertise, and Future Directions

Relevant Links


#41: On Being Christian: Identity and Action Through Investments05 Dec 202400:16:49

In this episode, Joy discusses the intersection of faith and finance, particularly in the context of addressing gender-based violence. She reflects on her Christian faith and its implications in a world where many voices misrepresent Christianity.

The episode also delves into a roadmap created for Christian denominations to utilize their investments to combat gender-based violence, highlighting the importance of aligning financial practices with social justice values.

Episode Highlights

  • 00:27 - Introduction
  • 01:55 - Joy's Faith and Its Impact
  • 08:38 - Addressing Gender-Based Violence through Finance
  • 16:04 - Conclusion and Call to Action

Relevant Links


#40: Gender Lens Investing in a Time of Backlash: Why it Matters Now More Than Ever21 Nov 202400:17:22

In this episode, Joy discusses the implications of the recent U.S. elections on transformative systems change, emphasizing the need to look beyond government solutions. She advocates for gender lens investing as a crucial strategy in the current socio-political climate, urging listeners to analyze gender norms and structural inequities in investment decisions.

Joy also highlights the importance of long-term investments in communities and the economy, while also addressing the complexities of societal structures that influence investment strategies.

Episode Highlights

  • 00:27 - Introduction
  • 02:15 - Government vs. Investments in Creating Change
  • 10:14 - The Case for Gender Lens Investing
  • 12:36 - Understanding Gender Norms in Investment Strategies

Relevant Links


#039: Financial Tools for Social Change: Ending Gender-Based Violence07 Nov 202400:29:57

In this episode, Joy discusses the intersection of finance and gender-based violence, presenting five strategies for using financial systems to reduce violence against women. The conversation emphasizes the importance of integrating gender considerations into investment decisions and the potential for finance to act as a tool for social change. Joy reflects on the insights gained from working with activists and advocates around the world, highlighting the need for innovative approaches to address this pervasive issue.

Episode Highlights

  • 00:27 - Introduction
  • 00:57 - Reflections on Gender-Based Violence and Finance
  • 04:47 - Five Strategies for Financing Gender-Based Violence Reduction
  • 10:01 - Assigning Value: The Role of Finance in Gender-Based Violence
  • 16:06 - Structural Changes in Financial Instruments
  • 20:59 - Expanding Expertise in Investment Decision-Making
  • 25:12 - Integrating Gender-Based Violence into Investment Metrics

Relevant Links


#038: A Birthday Reflection: Embracing the Limitations and Possibilities of Aging24 Oct 202400:21:21

In this episode, Joy reflects on her 57th birthday, exploring the themes of aging and the paradox of limitations versus possibility. She discusses societal perceptions of aging, the desire for permission to embrace limitations, and the importance of hope in driving transformative change. Joy emphasizes the need to recognize human finitude while also believing in the potential for a better future.

Episode Highlights

  • 00:27 - Intro
  • 02:02 - Reflections on Aging and Limitations
  • 13:08 - Celebrating Aging and the Possibility of a Better Future
  • 20:09 - The Power of Hope and Conclusion

Relevant Links


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