As the institutional representative of over 45 million businesses in more than 170 countries, the  International Chamber of Commerce (ICC)’s mission is to make business work for everyone, every  day, everywhere. 

ICC is deeply committed to the Paris Agreement and has been unwavering in its support for  climate action. One of ICC’s strategic priorities is to accelerate sustainability and an important  area of work has been focused on approaches for effective carbon pricing mechanisms.

1 As the voice of the real economy, ICC represents companies of all sizes across all sectors, and this  input drew on that diverse membership to provide insights into implementation challenges that  businesses may face under the Act.

This input exclusively addresses the implementation and operationalisation of the European  Commission’s (EC) draft act for the application of Regulation (EU) 2023/956 regarding the Carbon  Border Adjustment Mechanism (CBAM) (the “Act”).