Search Results for: Climate change

Clothing and textile companies are facing a major change in how they report their performance in future, with international and national initiatives pushing them to generate and declare data on their social and environmental performance. Draft mandatory requirements are being consulted upon in the European Union (EU) and the United States, with optional reporting rules being developed by an International Sustainability Standards Board (ISSB).…

Cambodia’s clothing sector may continue to face challenges over its weak backward linkages and pressure to increase wages – balancing reasonable pay with international competitiveness in price sensitive markets – but its apparel export receipts remain healthy. The country’s clothing export earnings were not seriously damaged by the Covid-19 pandemic, which had a relatively light impact on Cambodia.…

GERMANY, a market known for meat consumption, is increasingly trying out plant-based alternatives and has developed one of the largest and fastest-growing meat substitute markets in Europe. As a result, German producers are largely focused on growing the domestic market, with limited exports to other European Union (EU) countries.…

The shortage of skilled workers in the US renewable energy industry is a straightforward economics problem, according to green power industry consultant Bob Parkins: “Too much demand and too little supply.” The ‘Inflation Reduction Act’, the scaled down version of the ‘Build Back Better Act’ that failed to secure enough support, will still boost renewable energy in the USA.…

With inflation and hard currency shortages compounding the economic disruption caused by Covid-19, governments in south and south-east Asia have been implementing unorthodox trade controls to wrestle control – unfortunately, the beauty sector has been a victim.

Pakistan is a case in point.…

Serious concerns have been raised by Accountancy Europe and other accounting organisations about the speed proposed European Union (EU) sustainability reporting standards are being developed by the European Financial Reporting Advisory Group (EFRAG). The association and others are also worried about the amount of data demanded in planned mandatory EU sustainability reporting.…

The technical textile market looks set to ride out current turbulence caused by inflationary and geopolitical pressures, including Russian militarism, with a projected uptick in global performance – research and industry commentators predict. But plans for onshoring and innovation investments might be delayed as day-to-day costs continue to rise.…

The IFRS Foundation has completed integrating the Value Reporting Foundation (VRF) into its organisation, boosting the operations of the International Sustainability Standards Board (ISSB). The foundation

said the continued use of the VRF’s SASB (Sustainability Accounting Standards Board) industry standards would encourage participation in ISSB projects.…

The automotive industry has always been a major consumer of textiles, but it is deepening links with specialist fabric companies, including those linked to fashion. Polestar, the Sweden-based subsidiary of China’s Geely Holding Group, was a key supporting partners of this year’s Global Fashion Summit in Copenhagen, Denmark, this June (2022).…

There is a growing global movement to align Islamic social finance with the United Nations’ Sustainable Development Goals (SDGs) (https://sdgs.un.org/goals), which are designed to address global environmental, social and economic challenges by 2030. These include combating poverty, inequality, climate change and environmental degradation and ensuring social justice.…