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Joint ICC-ITC Policy Brief Series - ICC - International Chamber of Commerce

In this series, ICC and the International Trade Centre (ITC) address topical trade policy issues from a development perspective, their potential and practical implications for business, particularly micro-, small- and medium-sized businesses, and make policy recommendations.

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International Trade Centre Warns Small Businesses of Looming Pandemic-sized Climate Shock

International Trade Centre Warns Small Businesses of Looming Pandemic-sized Climate Shock International Trade Centre Warns Small Businesses of Looming Pandemic-sized Climate Shock The impact of climate change is threatening to cause pandemic-scale disruption to small businesses around the world. Small businesses make up more than half of the global workforce and are 2.5 times more likely to go under than larger firms. International Trade Centre (ITC) has started warning the COVID-19 shocks for small businesses. Executive Director of ITC, Pamela Coke-Hamilton, says the pandemic has shown that the resilience of businesses matter, adding that, ”going green is a survival imperative; the longer firms take to act, the higher the costs become.”

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