ICC - International Chamber of Commerce

10/29/2024 | Press release | Distributed by Public on 10/29/2024 13:12

How the B20 is turning policy into action for a sustainable future

How the B20 is turning policy into action for a sustainable future

  • 29 October 2024

Under the presidency of Brazil, this year's Business 20 (B20) Summit took place in São Paulo on the 24th and 25th of October, bringing together over 1,000 business representatives for discussions under the theme "Inclusive Growth for a Sustainable Future".

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As a B20 Network Partner, ICC supported the Brazilian National Confederation of Industry (CNI) in the fulfilment of the theme - contributing to the development of impactful policy recommendations, leveraging the participation of 11 ICC Executive Board members across a range of Task Forces, and ICC and World Chambers Federation leadership in the B20 International Business Advisory Caucus.

The B20 is a global platform for the international business community to support the work of the G20 process. Here's how ICC is working to help the B20 turn policy into action.

Improving representation of women in B20 Task Forces

As a partner institution of a new B20 initiative to help increase the representation of women in B20 membership and leadership, ICC pledged to support B20 presidencies by proposing women candidates eligible to chair B20 task forces and encouraging women to become B20 members through the mobilisation of the global ICC network in over 170 countries. The SheLeads B20 initiative aims to achieve 50% female representation by 2030. ICC Secretary General John W.H. Denton AO, who co-chaired a B20 Task Force on Finance and Infrastructure, signed the pledge on behalf of ICC, together with representatives from the OECD, Business at OECD, and International Organisation of Employers (IOE). Prominent women leaders, ICC Honorary Chair Maria Fernanda Garza, ICC Board Member Lama Al-Sulaiman and ICC World Chambers Federation First Vice-Chair Marie Christine Oghly co-chaired B20 Brazil Task Forces on Integrity and Compliance, Employment and Education, and Women, Diversity and Inclusion in Business respectively. Five additional female ICC Board Members (Candace Johnson, Rebecca Enonchong, Marienne Coutinho, Marjorie Yang, and Patricia Nzolantima) were also Members of B20 Task Forces this year.

Women in trade

ICC is also a proud supporter of B20 Brazil's Women in Trade legacy initiative. Working in collaboration with the International Trade Centre (ITC) and the Organisation for Economic Co-operation and Development (OECD), the initiative saw the G20 and B20 partner to share knowledge and best practices for inclusive trade policy designed to increase women's participation in international trade.

Combatting food loss and waste

The Summit also saw the launch of an ICC-B20 Global Challenge against Food Loss and Waste to address food insecurity. The Initiative aims to identify, through a global challenge, private sector projects that can contribute to tackle the most critical issues related to food loss and waste.

Following a consultation phase, businesses worldwide will be invited to submit proposals aimed at addressing the five biggest challenges related to food loss and waste. The highest-ranking projects will be presented at the FAO World Food Forum in October 2025, providing an opportunity for further visibility and engagement with key stakeholders. A founding member of the Global Alliance Against Hunger and Poverty, one of the Brazilian G20 Presidency's key initiatives, ICC is committed to leveraging the unique expertise and network of the private sector to support and scale integrated solutions to sustainably and equitably feed the world.

Addressing B20 participants on a panel looking at how B20 Brazil legacy initiatives are turning policy into action, ICC Secretary General John W.H. Denton AO said:

"Through the ICC-B20 Global Challenge against Food Loss and Waste, we aim to act as a bridge between the B20 and G20, ensuring public-private collaboration to achieve lasting solutions to poverty and hunger worldwide."