ICC and IE University have announced a new project to reimagine the way international organizations engage with businesses. Announced in Madrid on 6 February, the project falls within the scope of an existing partnership agreement established in 2019.
Leveraging the unique networks of both institutions across the private sector, academia, and the multilateral system, the “Rethinking Multilateralism: A New Role for the Private Sector” project aims to promote pragmatic and inclusive pathways to respond to global challenges.
The growing threat of fragmentation, the need to secure over US$1 trillion of sustainable finance to meet the Paris Agreement and rising trade frictions present major global challenges. Rethinking the role of multilateralism in addressing these global issues and advancing sustainable development goals is more urgent than ever.
ICC Secretary General, John W.H. Denton AO said:
“International organizations need to realize that the private sector has so much more to offer beyond funding in efforts to advance sustainable development and prosperity around the world. We know things can be done better, so now we need to find practical ways to make change happen.”
The “Rethinking Multilateralism” project, led by an ICC-IE Steering Committee, will provide insights and capacity-building opportunities. The two partners believe that tackling global challenges requires the private sector as a true partner in multilateral efforts, with stronger collaboration across sectors capable of delivering practical solutions.
