What's Happening?
The International Chamber of Commerce (ICC) is actively promoting sustainability and climate action among its network of 45 million companies worldwide. The ICC aims to keep global temperature increases below 1.5°C and achieve net-zero emissions by 2050. As the official Focal Point for Business to the UN Framework Convention on Climate Change, ICC played a key role in the Paris Agreement and continues to advocate for policy frameworks that align business operations with climate goals.
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Why It's Important?
ICC's efforts are crucial in mobilizing the business sector to contribute to global climate goals. By advocating for coherent policy frameworks, ICC helps ensure that businesses play a defining role in promoting sustainable development. This collaboration between governments and businesses is vital for achieving the ambitious targets set by the Paris Agreement, potentially leading to significant reductions in emissions and fostering innovation in sustainable practices.
What's Next?
ICC will continue to work with its global network to raise climate ambition and action. This includes developing initiatives like the industry taxonomy for sustainable trade finance and the ICC Chambers Climate Coalition. These efforts aim to align financial flows with the Sustainable Development Goals and Paris Agreement, potentially transforming business practices and contributing to a more sustainable future.
