This report takes stock of 104 inclusive business investments active in 2015 supported by th Asian Development Bank (ADB), Inter-American Development Bank (IDB) and the International Finance Corperation (IFC), and examines 13 of these companies, in depth, on how they contribute to women’s economic empowerment. It shows that there are only a few inclusive business models that explicitly promote gender empowerment. And while there are many social enterprise initiatives and corporate social responsibility activities promoting gender-related issues, these projects remain small in scale and impact. The report also highlights that addressing gender-based constraints yields business benefits, and effective outcomes demand concerted action.