Welcome to the Sustainable Trade Forum (STF), where the future of international trade meets sustainability. Dr Rebecca Harding and Rebeccanomics introduce a groundbreaking initiative dedicated to shaping the landscape of global trade through sustainable practices, innovative solutions, and comprehensive education.
The Sustainable Trade Forum’s (STF’s) purpose is to provide a single coordinating Advisory Board that connects the activity of Industry Associations, voluntary and regulatory frameworks, international organisations and the financial services sector to develop universally accredited standards for sustainability measurement in trade and trade & supply chain finance.
Industry associations and multilateral banks have all made significant inroads into creating sustainable audit and reporting standards for trade. However, there is little transparency between these associations and institutions and financial services entities have suffered as a result of a confusion about what standards to use in order to further compliance conversations with regulators.
There is an urgent need to create a body that integrates all standards in one simple framework to avoid duplication of effort, a single voice to regulators and a clear set of principles and frameworks for financial institutions.
The STF is an Advisory Board of key stakeholders including BAFT, the ICC, the ITFA, UN, ITC and multilateral banks. This Board creates synergies between industry associations, international agencies and financial institutions. Over time, the work of the Advisory Board will be:
To certify and collect data around the agreed frameworks and principles for regulatory reporting
To agree and approve the standards for sustainability within digital trade, including digital IDs
To approve mechanisms for data governance, capacity building and collaboration in line with both regulatory requirements and the needs of the trade and trade and supply chain finance ecosystem
To inform the industry about material changes in regulations as they emerge
The STF’s role is to coordinate and enhance a spirit of collaboration across industry associations and international agencies and financial institutions. It will not replace or duplicate work but will simply provide an analysis and approval of the commonalities between the multitude of organisations working in the space.
Insight from the network
Discover the pivotal ESG regulatory shifts shaping the global landscape in July 2024. Stay ahead with our summary of worldwide trends.
Discover the pivotal ESG regulatory shifts shaping the global landscape in June 2024. Stay ahead with our summary of worldwide trends.
Discover the pivotal ESG regulatory shifts shaping the global landscape in 2024. Stay ahead with our summary of worldwide trends and regional compliance nuances in our latest Sustainable Trade Forum update
Get in touch to learn how to get involved with the Sustainable Trade Forum (STF).
United Kingdom
rh@rebeccanomics.com
