The International Chamber of Commerce (ICC) has launched its Principles for Sustainable Trade Finance (PSTF). The ICC states that the PSTF was created in partnership with several industry experts, including leading merchant banks, to elucidate the criteria for sustainable trade financing. The PSTF aim to address gaps in current frameworks that often cannot be directly applied to trade finance due to the unique nature of their flow-based products.

The PSTF is intended to provide clear guidelines for sustainable trade financing products and to mitigate the risk of greenwashing as new global standards. Interested parties are encouraged to examine the PSTF during the consultation process and participate in an open consultation. The ICC intends to publish the final version of the PSTF by the end of this year.