Search Results for: Climate change

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.…

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.…

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.…

Ford Europe’s February 14 announcement that it will axe 3,800 jobs in Europe over the next three years is designed to ensure the US major’s European arm survives as a more focused electric vehicle (EV) brand, but some experts wonder Ford can prevent this key wing downsizing further in future.…

Brazil’s biofuel industry is putting pressure on the country’s new President Luiz Inácio Lula da Silva to make significant reversals to the laissez-faire policies implemented by his right-wing predecessor Jair Bolsonaro to boost the domestic market in 2023. The sector is concerned about a sluggish economy, which the OECD says will grow just 1.2% in 2023 (inflation stands at 5.77% – January figures).…

European and Asian automakers exporting electric vehicles (EV) to the USA are looking to take advantage of US treasury guidance issued December 28 that allows consumers to claim tax credits of up to USD7,500 on leased EVs, even if they are not made in north America.…

An expansion drive by Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chip maker, is expected to be helpful for US automakers, increasing supply and decreasing supply chain risks, industry observers believe. TSMC is now building a new facility also in Japan’s Kumamoto Prefecture.…

A new higher education law recently approved in December (2022) in Mozambique establishes and extends the power of the National Council for the Assessment of Higher Education Quality (CNAQ – Conselho Nacional de Avaliação da Qualidade) to undertake quality assurance in the country’s higher education.…

Turkey is the world’s largest Oriental tobacco leaf producer, but harvests have been impacted over the past two years by unusually hot summers and drought. Ranking 15th in tobacco production worldwide, according to the Izmir-based Aegean Tobacco Exporters’ Association (ATEA), the 2022 tobacco crop is expected to be like 2021.…

Traceable pigments are increasingly being used as a favoured trackable method to help textile and garment companies prove that cellulosic fibres utilised in fabric and final products have been made according to high social and environmental sustainability standards. With regulation, non-financial reporting and green consumer demand pushing the industry towards using fabrics that are demonstrably sustainable, cellulosic fibres derived from wood pulp and other woody plants such as bamboo, have become more attractive as inputs.…