Global issues & trends
Under the presidency of Brazil, this year’s Business 20 (B20) Summit took place in São Paulo on the 24th and 25th of October, bringing together over 1,000 business representatives for discussions under the theme “Inclusive Growth for a Sustainable Future”.
ICC has announced a partnership with Palestine Emerging, a cooperative private-sector initiative, focused on the economic reconstruction and development of Gaza and the West Bank.
For the first time, ICC is making the full report of its 2024 edition of the ICC Trade Register publicly available, providing deep insights on global trade finance trends.
In a new paper, “Global Principles for Effective Border Carbon Adjustments”, the global business organisation recognises the clear rationale for introducing border carbon adjustments given prevailing asymmetries in domestic climate policies.
More concise and user-friendly, the ICC Antitrust Compliance Toolkit has been updated to reflect the evolving landscape of antitrust risks and compliance practices over the last decade. The toolkit offers practical tools and guidance to build a credible corporate antitrust compliance programme.
ICC Secretary General John W.H. Denton AO has issued a vital message to climate ministers ahead of COP29 taking place in Baku from 11 to 22 November 2024, urging them to ensure that COP29 delivers two core outcomes.
With nearly one million species at risk of extinction according to the 2019 Global Assessment Report, global biodiversity is severely at risk. At COP15 in 2022, world leaders agreed on a goal of living in harmony with nature by 2050 and adopted the Kunming-Montreal Global Biodiversity Framework (GBF) to help achieve that vision. This year’s COP 16 will review progress on the GBF and decide how to monitor and fund its implementation.
Existing sustainable finance frameworks often cannot be easily and objectively applied to many Trade Finance products due to their nature as a ‘flow’ product without delineated projects. The PSTF offer clear, transparent, and consistent guidelines to enable banks, corporates and investors to effectively channel capital towards sustainable and inclusive trade finance facilities while mitigating the risks associated with greenwashing.
A technical tool to assess the reliability of digital services or networks, launched today, will facilitate the transfer of Electronic Transferable Records (ETR) between supply chain parties.
At COP16, negotiating parties will decide on the modalities for a multilateral mechanism for sharing benefits from the use of digital sequence information.
This survey highlights the crucial role chambers of commerce worldwide play as private sector champions.
In the first nine months of 2024, reported incidents of piracy and armed robbery fell to the lowest levels since 1994.
