World Trade Organization (WTO) estimates suggest that around 20% of global exports of protective clothing and 17% of disinfectant exports were affected. In light of these examples, does the crisis call for a different view on global value chains?
Though consistency is the unambiguous goal, it will also be about balancing interests across jurisdictions. The new standards should be ambitious and in line with the Paris Climate Agreement, at the very least. Thus, the concept of double materiality is an important aspect.