Annual discussion on the latest developments on trade finance, in Miami on 3-6 April.

1. Sustainability and Traceability in Trade
Sustainable Trade Finance: "Trade Finance transactions that support goods
or services produced in a manner that minimizes adverse environmental or
social impacts or risks or that promote environmental protection or social
benefit"
• Why is it important? What risks do banks face?
• Experience and approach of Multilateral Development Banks
• Objectives and Progress of ICC Working Group:
• Due Diligence Guidelines
• Risk Assessment & Certification Tools
• Education
• Blockchain and Tracing Technology: How can they help?
• Business Opportunities and Challenges

2. GMAP Tool developed by IFC and WWF

3. Choose Country and Commodity for Risk Assessment

4. GMAP insight into individual issues

5. From GMAP for Ghana Cotton:
Credible certification for cotton in Ghana exists through the Better Cotton Initiative. However, there are no stakeholders in Ghana at this
time.
REFERENCE: Better Cotton Initiative. http://bettercotton.org/index/204/west_&_central_africa.html
GMAP HIGH RISK ASPECT
BETTER COTTON
INITIATIVE
FAIR TRADE STANDARD X STANDARD Y
Laws related to forced labour YES YES
Conditions of Production YES YES
Laws related to the protection
of workers from significant
safety issues
Uncertain Uncertain
From ITC Standards Map: Raw Cotton, Ghana
Cotton (raw) Global - 58 Certification systems exist
Cotton (raw) Ghana - 26 Certifications
REFERENCE http://www.sustainabilitymap.org/standardidentify/
COMPARISON OF CERTIFICATIONS USED IN GHANA FOR COTTON
Is certification available to address high risks? See ITC Standards Map