These principles serve to address challenges companies face in understanding and implementing sustainability standards.
During the inaugural Trade for Sustainable Development Forum event on 1-2 October in Geneva, Switzerland, ITC launched its new Trade for Sustainable Development Principles.
ITC has developed these principles to address challenges SMEs and multinationals alike face in understanding and implementing sustainability standards. By launching the principles,
ITC works on increasing harmonization and transparency of standards for all supply-chain actors, from consumers to businesses and policymakers.
The four Principles aim to support sustainable trade practices in the production, processing and trading of goods and services; being transparent in global supply chains through the sharing of best practices; harmonizing resources to avoid duplication of audits, codes and initiatives; and aligning activities to the United Nations post-2015 development agenda.
SAI Platform was one of the speakers at the high-level event, strongly endorsing the principles and sharing with the audience how SAI Platform’s Farm Sustainability Assessment helps drive convergence and harmonization in the standards space, benefitting farmers, suppliers and buyers.Read ITC’s news release here.