The first ICC World Chambers Federation (WCF) Regional Summit for Europe and Asia was held in Istanbul from 15 to 16 October bringing together over 800 delegates for discussions focused on advancing collaborative climate action solutions.
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.
The milestone case involves Brazilian parties from the power and energy sector, governed by Brazilian law, with a tribunal to be seated in Rio de Janeiro. The parties had initially agreed to ad hoc arbitration under the UNCITRAL Rules, with ICC as the appointing authority. They then modified that agreement in favour of arbitration under the ICC Rules of Arbitration.
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.
This report by the International Chamber of Commerce (ICC) presents the findings of the ICC World Chambers Federation (WCF) 2024 Global Economic Survey.
