ICC opens consultation on draft global standards for Sustainable Trade and Trade Finance
ICC Albania2022-01-12T18:41:21+02:0010 November 2021 ICC has published a major report setting out proposals to tackle the longstanding challenge of defining and setting common standards for sustainable trade and associated financing. The paper – developed in partnership with the Boston Consulting Group through a global consultation exercise involving over 200 banks and corporates – outlines the first-ever standardised framework and assessment methodology to qualify the sustainability profile of trade transactions. Unlike other asset classes, such as bonds, no standards currently exist to allow financial institutions to grade the sustainability performance of trade finance transactions – the global market for which is currently valued