sustainability

Your Monday morning coffee briefing from TFG, 27th March 2023

At Excred International, Trade Finance Global’s (TFG) Deepesh Patel sat down with Maëlia Dufour, director international relations, business development, rating, environment and climate at Bpifrance and president of the Berne Union, to learn more about the intricacies of the trade credit industry.

Your Monday morning coffee briefing from TFG, 20th March 2023

Having a sustainable approach to supply chain and logistics is proven to have numerous long-term benefits for businesses. Relying on efficient and eco-friendly transportation methods can reduce costs associated with fuel consumption, maintenance fees, and other expenses related to traditional delivery methods. 

After COVID-19, the commodity trade finance industry experienced a period of great recovery. Trade finance covers a broad range of financing arrangements for the production, exporting and selling of commodities. 

Nine ocean carriers recently committed to 100% adoption of an electronic bill of lading (eBL) by 2030, with a waypoint goal of 50% adoption within five years. It is a significant step along the road to digitalisation, one that heralds a future for container trade processes that are simpler, more sustainable and more resilient.

Trade Finance Global (TFG) spoke with Pamela Mar, managing director at the ICC Digital Standards Initiative, to explore the key themes driving trade digitisation and their potential impact on trade and trade finance in 2023.

The International Chamber of Commerce (ICC), a global business organisation, has a central mission to promote international trade and investment as vehicles for inclusive growth and prosperity. ICC helps businesses adapt to the challenges of trading in today’s fast-paced global economy.  

TFG interviewed ITFA and ADB about the financing of dirty commodities and fossil fuels, and what a sustainable transition means for trade finance.

Your Monday morning coffee briefing from TFG, 20 February 2023

While consensus and recognised standards exist for carbon footprint measurement and reporting, carbon offsetting and the quality of underlying projects are still subject to debate.

Your Monday morning coffee briefing from TFG, 13 February 2023

To learn more about sustainability approaches within the industry, Trade Finance Global spoke to Eva Rubio, head of global transaction banking at BBVA at BAFT’s Europe Bank to Bank forum held in London this January.

‘Permacrisis’ was crowned word of the year by the editors of the Collins English Dictionary at the end of 2022, defined as “an extended period of instability and insecurity”. It seems an appropriate term to describe the state of global trade, finance, and supply chains as we enter 2023.

There is no question that the turbulent global economy and the unending impact of the COVID-19 pandemic have wreaked havoc on China’s supply chain. The country’s economy is taking a hit with factories being forced to shut down, resulting in a significant disruption in international commerce.