There has been substantial focus over recent years on how large corporates can employ more sustainable practices and decarbonize, but in order to make an impact, we need to look across their whole global supply chains, including trade finance. This session will take the form of a panel discussion and explore how environmentally responsible practices can be incorporated in trade finance.
Global trade is a vital engine of economic development, allowing countries – including their large corporates and SMEs – to integrate into the global economy, widening access to a greater range of goods and services. However, global trade heavily relies on trade finance, and financial institutions are critical actors in the promotion of sustainable trade and climate change policies, through financing environmentally and socially responsible trade activities.
There is immense opportunity for countries to maximize the role of trade finance in tackling environmental and climate change challenges and raising the standards of living globally.
At this event, the International Chamber of Commerce and its partners will bring together global trade and industry experts to discuss the important role of trade as a key driver of sustainability to enable the shift to a sustainable global economy.
The event will leverage ongoing efforts to encourage production of sustainable goods through increased access to financing and to enable greater investor access to sustainable trade; building upon ICC’s release of its Wave 2 Principles for Sustainable Trade.
Objectives
- Reach an agreement to develop core principles for sustainable trade and trade finance for possible integration by existing sustainable finance taxonomies and uptake by financial institutions and authorities.
- Reach an agreement on immediate policy actions needed to take a major step forward in sustainable trade and supply chain finance.
Programme
Format: Panel Discussion
Moderator: Rami Rafih, Managing Director & Partner, BCG
Speakers:
- John WH Denton, Secretary General, International Chamber of Commerce
- Miho Shirotori, Director Division on International Trade and Commodities, UNCTAD
- Barry O’Byrne, Global CEO of Commercial Banking, HSBC
- Farmida Bi, Chair, MENA, Norton Rose Fulbright LLP
- Samaila Zubairu, CEO, Africa Finance Corporation
28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28)
30 November to 12 December 2023, Expo City, Dubai
UN Climate Change Conference
30 Nov - 12 Dec 2023
COP28 Trade House Pavilion Programme
1-12 December 2023, Expo City, Dubai
Related
Topic
Trade and environmentEvent
- COP28 Trade Day event: Critical minerals, the energy transition and the role of trade
- COP28 Trade Day event: Global leaders unite to promote a roadmap of trade policy options for a just and ambitious global response to climate change
Contact
Raelene Martin [International Chamber of Commerce] – Raelene.Martin@iccwbo.org
Sandra Hanni [International Chamber of Commerce] – Sandra.Hanni@iccwbo.org
Sabrin Rahman [COP28 Focal Point] – srahman@cop28.com