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07 Feb 2024

Commodities in Focus Weekly: International Chambers of Commerce publishes Principles for Sustainable Trade: Wave 2

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Global trade represents as much as 30% of all carbon emissions1. With the aim of increasing the role of global trade in helping businesses meet the Paris Agreement objective of limiting the global temperature increase to 1.5oC above pre-industrial levels, the International Chambers of Commerce ("ICC") cooperated with stakeholders from trade banks, corporates, technology players, and the Boston Consulting Group (BCG) to launch the ICC's Principles of Sustainable Trade (the "Principles") in September 2021.

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1 World Trade Organization (2021), Trade and Climate Change Information brief no 4.

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