Washington DC, 5 June 2012

On 5 June 2012, ICC brought together a group of economic policy experts and corporate executives to deliberate on the current global economic situation and contribute to the G20 agenda.

The meeting is part of a larger initiative. ICC's G20 CEO Advisory Group is hosting a series of regional policy consultations, designed to provide local businesses with an opportunity to help shape ICC's policy recommendations for input into the G20 process.


The International Chamber of Commerce (ICC) United States Council for International Business (USCIB) and the Center for Strategic and International Studies (CSIS) Simon Chair in Political Economy, presented a Global Economic Consultation leading up to the G20 Summit in Los Cabos, 5 June, 2012.


The consultation was moderated by Matthew P. Goodman, Simon Chair in Political Economy, CSIC. Key speakers included Harold "Terry" McGraw III, CEO of McGraw-Hill Companies, Vice Chairman of ICC and Chairman of USCIB and Michael Froman, the US G20 "Sherpa" and Deputy National Security Adviser for International Economic Affairs, Arturo Sarukhan, Mexico’s Ambassador to the US, and Alejandro Ramirez, CEO of Cinepolis and chair of the Mexican organizing committee for the 2012 G20 Business Summit.


Washington Consultation

During the consultation between government and business leaders, ICC proudly unveiled its G20 Business Scorecard report that measures progress on the G20's response to business recommendations leading up to the G20 Summit in Los Cabos, Mexico, 18-19 June 2012. The Scorecard marked G20 performance as “incomplete” in three out of the four policy areas evaluated: trade and investment, green growth, transparency and anti-corruption and finally financing for growth and development.

On trade and investment it gave the G20 a score of “incomplete”, based primarily on its failure to help advance the Doha Round of trade negotiations.

ICC upholds that if the G20 has better information on how its actions are interpreted by the business community this would help it set priorities, honour commitments, measure its own progress over time and identify deficiencies that deserve greater attention. In parallel, the business community should work more closely with the G20 to promote economic growth and job creation.

The Scorecard is an important tool for business. Business leaders with better information on whether the G20 has recognized business input and how it has carried through on specific business recommendations are better able to adjust future engagement with the G20.

To achieve the Scorecard results, ICC evaluated the G20’s progress according to 54 business recommendations made since 2008. Subsequent editions of the Scorecard will be adapted based on shifting priorities and G20 actions. The Scorecard evaluates the G20’s response to business recommendations based on three criteria:

  1. Recognition: Has the G20 addressed an issue raised by business?
  2. Action: Has the G20 taken action on this issue?
  3. Adequacy: Is the G20’s response or action adequate in addressing the issue?

An “insufficient” score indicates the G20 has not addressed the issue at all. An “incomplete” score signifies it has at least taken notice of the subject, however with little or no action taken in response. A “progress” score shows that the G20 has acted in line with the business recommendation, while “pass” means it has effectively addressed the business recommendation.

In addition to trade and investment, the Scorecard evaluated G20 work on green growth with an “incomplete” score; its actions on transparency and anti-corruption as “incomplete”; and its initiatives in terms of financing for growth and development with a “progress” score.

ICC has provided input to the G20 since 2008. It plans to issue the Scorecard yearly ahead of each Summit to help drive business priorities. ICC in 2011 established the G20 CEO Advisory Group, which is comprised of approximately 30 CEOs, as an official platform for providing business input to the G20.

ICC, along with partner organizations including the World Economic Forum, has developed policy recommendations to the G20 in preparation for the G20 Summit. These policy recommendations cover the four themes of the Scorecard categories, as well as others.

Selected quotes

G20 Washington Panel

"At a time when governments are struggling with excessive debt, multilateral trade liberalization would create jobs and drive economic growth. Countries can create enormous economic opportunities when they enhance cross-border trade and investment flows.”

Jean-Guy Carrier, ICC Secretary General

“The Scorecard is a useful tool for business to monitor the G20’s progress on the trade agenda. If the G20 leadership were to break the stalemate in WTO negotiations or to build a multilateral framework for investment, advances would be reflected in a significantly higher score."

Jean-Guy Carrier, ICC Secretary General

“Today’s consultation is part of the business community’s effort to play an increasingly influential role to support G20 actions to foster economic growth, promote open trade and investment, build a more stable financial system and improve the environment for doing business.”

Harold McGraw III, ICC Vice-Chairman and
Chairman and CEO of the McGraw-Hill Companies

“For the past two years, ICC has canvassed the global business community and worked with G20 host countries to produce a set of business policy priorities. This meeting provided an important opportunity to share our views, gauge government responses and learn about G20 priorities for the upcoming Summit.”

Jean-Guy Carrier, ICC Secretary General

“A lot of work remains to be done in getting business issues addressed by the G20, but the progress so far is very encouraging. Business is already bolstered by the response it has received from the Mexican government in preparation for the G20 Summit and from Michael Froman at the consultation in Washington today."

Harold McGraw III, ICC Vice-Chairman and
Chairman and CEO of the McGraw-Hill Companies

Press release

mcgraw at scorecard launch

New ICC G20 Business Scorecard reveals “incomplete” G20 performance

The International Chamber of Commerce (ICC) on Tuesday launched the ICC G20 Business Scorecard, measuring progress on the G20’s response to business recommendations, at a consultation between... Read more