Archive
International News Services archives articles supplied to clients one year or more after initial publication. These articles are protected by a password and not made available to readers without permission from clients. They are used as a background resource by agency journalists. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.
ISSB STANDARDS MAY UNLOCK EMERGING MARKET AND SMALL BUSINESS REPORTING CAPACITY, SAY EXPERTS
The agreement of the first two International Sustainability Standards Board (ISSB) standards may help new tech-based data networks unlock capital and investment flows to smaller businesses and especially in emerging markets, a symposium in Montréal, Canada, has been told.
A panel of development experts speaking at the event on Friday (Feb 17) noted how artificial intelligence (AI) and machine-learning-based data platforms can mesh with digitised smaller businesses, helping entice investors seeking sustainable opportunities.…
EU CAN MANUFACTURERS CONTEST NEW PACKAGING REUSE RULES
THE EUROPEAN Commission’s new proposal for a European Union (EU) packaging and packaging waste regulation, released last November (2022) (1), contains unrealistic reuse and refill targets, European can industry experts have told CanTech International. Their comments come as negotiations begin between the Commission – the EU’s executive, the European Parliament and the EU Council of Ministers on securing agreement over the draft text.…
ISSB PUSHES FOR ITS STANDARDS TO BE SUSTAINABILITY REPORTING GLOBAL BASELINE
An International Sustainability Standards Board (ISSB) symposium in Montréal, Canada, has heard how accounting standards experts are striving to build a “global baseline” of regulation based on ISSB standards, despite the contrasting guidance being developed worldwide.
Speaking at the event on Friday (Feb 17), Mark Carney, UN special envoy for climate action and finance, and former central bank governor for the UK and Canada, said of the baseline: “It’s critical.…
TECHNICAL ROUND UP – IOSCO REVAMPS COMMODITY DERIVATIVE TRADING GUIDANCE TO HELP MANAGE SURPRISE EVENTS
The International Organization of Securities Commissions (IOSCO) has updated its Principles for the Regulation and Supervision of Commodity Derivatives Markets, the first major overhaul of this core guidance since 2011. IOSCO said the changes were designed “to provide a resilient framework for the regulation and oversight of the commodity derivatives markets”, taking account of recent market developments and international events, such as the Covid-19 pandemic and Russia’s invasion of Ukraine.…
ISSB MAY OFFER CHILE AN ECONOMIC LIFELINE – ATTRACTING MUCH NEEDED FOREIGN CAPITAL
International sustainable reporting standards may seem like a worthy effort to corral companies into good fighting climate change but in Chile, integrated reporting is deemed an economic lifeline.
Its Financial Market Commission (CMF – Comisión para el Mercado Financiero) has issued a General Rule No.…
ASIAN PAINT AND COATING REGULATORY ROUND-UP – CHINA ORIENTATES ELECTRIC VEHICLE AUTO COATINGS RULES TO EU REACH REGIME
China’s Zhongguancun Inspection, Testing and Certification Industry Technology Alliance has released a standard to promote Chinese conformity with European Union’s (EU) REACH chemical control regulation in the automotive industry. The standard proposes REACH-compliant restrictions on REACH-regulated automotive chemicals, including paints and coatings.…
DETAILED AUTOMOTIVE SUSTAINABILITY STANDARDS GAIN IN AUTHORITY AS GOVERNMENTS PREPARE REPORTING REGULATIONS
As regulators in jurisdictions worldwide prepare to pass laws making sustainability reporting mandatory for listed companies, the auto sector will need to reassess detailed environmental and social standards already developed by standard setting bodies.
That is the case for the US-owned and based auto sector, especially foreign companies making autos in the US and American companies with plants overseas.…
ISSB APPROVES FIRST FINAL STANDARD TEXTS AS IT DEVELOPS INTO FULLY-FLEDGED GLOBAL SUSTAINABILITY REPORTING BODY
The chair of the International Sustainability Standards Board (ISSB) on Friday (Feb 17) announced that it had approved the final versions of its first two standards: IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures will now be released by the end of Q2 2023, with a January 1, 2024 effective date said ISSB chair Emmanuel Faber.…
SINGAPORE IS AUTONOMOUS VEHICLE TEST BED TO AMERICAN AND INTERNATIONAL AV DEVELOPERS
US and Ireland-based autonomous vehicle (AV) technology supplier Aptiv is one of many AV initiatives using the Asian city state of Singapore as a testbed for such vehicles, related sensors and relevant electronic components. The country’s proactivity on AVs has led to four generations of autonomous vehicles being approved for eventual use by Singapore transport authorities, which include models from Audi and BMW.…
SOMALI EXPAT ACADEMICS RETURN TO SOMALIA FOR UNIVERSITY JOBS – BUT FOR LOVE OF COUNTRY, NOT MONEYSOMALI EXPAT ACADEMICS RETURN TO SOMALIA FOR UNIVERSITY JOBS – BUT FOR LOVE OF COUNTRY, NOT MONEY
A desire to contribute to nation-building and improve standards of universities within Somalia is luring Somali intellectuals to return home to work in academia.
Professor Abdullahi Barise, the founding president of the City University of Mogadishu, said his institutions and others were welcoming this increasing number of foreign-educated Somalia lecturers and professors.…