The export finance industry has been calling for wholesale changes to the OECD Arrangement on Export Credits for years now. Some changes now look set to come into force, and with the help of ICC it is hoped a full modernisation package can be realised sooner rather than later.
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Sustainability in trade has become a topic of crucial importance for all stakeholders, from financiers and multinational corporations to SME suppliers in emerging markets. New developments are enabling a greater understanding of the environmental, social and governance risks in the world’s supply chains. But translating this into action means harnessing data in new – and better – ways.
The recent ACEN ETM to retire the South Luzon coal-fired plant early attracted some controversy over its use of the ETM moniker. But the deal is more promising than was first apparent, although it may still struggle to influence transition finance outside its home market.
The LME has decided not to ban Russian metals. Is it the right move or tacit recognition that the pressures on commodities markets spawned by war, growing demand for energy transition materials and ESG compliance are becoming increasingly irreconcilable?