ICC Declaration on the Next Century of Global Business
On 28th May 2019, the International Chamber of Commerce issued a declaration setting out a vision to shape the future of global business for the next century.
Mirroring the declaration issued 100 years ago by ICC’s “Merchant of Peace” founders, the declaration, issued on behalf of 45 million companies worldwide, sets out guiding principles for ICC as a purpose driven international organization, working with renewed purpose to make business work for everyone, every day, everywhere.
Issued upon conclusion of the world business organization’s Centenary Summit in Paris today, the declaration endorses Intergovernmental Panel on Climate Change findings on the urgent need to keep the global temperature increase below 1.5 degrees Celsius, and underscores the urgent need for policy frameworks that support alignment of business operations with this target.
Embracing ICC’s renewed purpose to enable business worldwide to secure peace, prosperity and opportunity for all and commits to forging solutions for the future in the face of other global challenges including digital disruptions and rising inequality.
“In the years ahead, these disruptions will become increasingly pronounced in the absence of concerted action by global leaders to mitigate negative outcomes and drive collective solutions,” the declaration states.
The declaration consigns ICC to using the full extent of its resources and global network to tackle 21st century challenges by:
- Working to preserve and modernise the global trading system.
- Continuing to provide effective alternative dispute resolution methods to support global commerce.
- Mobilise business behind the 1.5°C target and work towards the additional climate goal of net-zero emissions in many countries by 2050.
- Bolster trust in digital technologies and collaborate with governments to design new global governance models conducive to a thriving and unified digital ecosystem and promote a human-centric evolution of emerging technologies, such as artificial intelligence.
- Support private sector leaders to meet the calls of shareholders, governments and the public for a more inclusive and responsible capitalist model.