10 November 2022 A major study of the functioning of five major carbon pricing systems has highlighted significant progress made in adopting market-based systems – while pointing to the need to further drive and optimise the design of such policies to accelerate emissions reductions and boost energy security. The report – launched today by the International Chamber of Commerce (ICC) at COP27 – draws on industry experience operating under carbon pricing schemes in Canada, the European Union, Indonesia, New Zealand and South Africa. In doing

9 November 2022 The International Chamber of Commerce (ICC) has published a pilot version of the first-ever industry framework to assess the sustainability performance of trade transactions. The “Wave 1” framework is the product of a year-long consultation with banks, corporates and technology providers — in partnership with Boston Consulting Group — based on the roadmap announced by ICC at the Glasgow climate summit. The new ICC framework sets out an agreed industry definition of sustainable trade – taking into account both environmental and socio-economic factors. It

3 November 2022 In the latest in a series of measures to improve diversity in arbitration, ICC has introduced standard language in its model letters to parties and co-arbitrators. The inclusion of new language in ICC model letters to parties, co-arbitrators, appointing authorities and ICC national committees is the latest measure taken by ICC to improve diversity in arbitration. The letters now feature language introduced on 1 January 2022 in the ICC Note to National Committees and Groups on the proposal of Arbitrators, encouraging diversity to

2 November 2022 The International Chamber of Commerce (ICC) has announced the appointment of eight new Vice-Chairs to the ICC Commission on Arbitration and ADR, ICC’s leading think tank in international dispute resolution. At the 20th ICC Miami Conference on International Arbitration held on 29 October 2022, the ICC Commission on Arbitration and ADR gathered with a renewed membership and announced the new composition of its Steering Committee, following the appointment of eight additional Vice-Chairs. After a call for nominations in the Spring, 22 candidates stepped

27 October 2022 Ahead of next month’s 27th United Nations Climate Change conference in Sharm El Sheikh, Egypt, the International Chamber of Commerce (ICC) has published an open letter underscoring the importance of a successful COP27 for business. With the future of international climate collaboration at stake, ICC Secretary General John W.H. Denton AO has sent open letter to Environment Ministers and Heads of Delegations. In the letter, Mr Denton writes: Dear Ministers, I am writing on behalf of the global business community—and in our

19 October 2022 The International Chamber of Commerce (ICC), along with their partners Global Credit Data (GCD) and Boston Consulting Group (BCG), has released its 2022 Trade Register report, confirming that credit risk in trade, supply chain and export finance have fallen back to pre-pandemic levels.  Following the impact of the COVID-19 pandemic in 2020 on trade volumes, 2021 reaffirmed the resilience of global trade with a strong and better than expected return to growth, with total trade flows reaching nearly 20% above pre-pandemic levels.