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International solar energy providers are finding business opportunities in Africa as national governments and their development agency partners try to foster growth while targeting the United Nations’ Sustainable Development Goal 7 (SDG), which encourages access to affordable, reliable, sustainable, and modern energy for all by 2030 (1).…

THE HUNGARIAN dairy industry and supporting government officials are looking ahead to incoming financial support from the European Union (EU) now that the European Commission has approved the country’s Common Agricultural Policy (CAP) strategic plan for 2023-2027. This has cleared the way for a ЕUR8.4 billion transfer in funding from Brussels, despite the friction between the EU and the Hungarian government, led by populist right-wing Prime Minister Viktor Orbán.…

The International Accounting Standards Board (IASB) has formally proposed amendments to IAS 12 Income Taxes to take account of ‘Pillar 2’ of the OECD’s BEPS tax model, suspending rules on accounting for deferred taxes, while its implications are assessed. The IASB has acted because the European Union (EU) in December agreed a directive to make Pillar 2 compulsory in the EU – telling multinationals (and large domestic companies) to pay 15% minimum tax rates in member states where they trade.…

Sugar production and consumption are being targeted for spending in new national Common Agricultural Policy (CAP) plans approved by the European Commission as part of a new process to secure European Union (EU) food production funding. With EUR53 billion spent in 2022 alone, this is the EU’s largest spending programme.…

The European Union’s (EU) new ‘Women on Boards’ directive (1) is designed to force change in the EU’s director cohort by requiring that the ‘under-represented sex’ (which could be male on rare female-dominated boards) make up 40% of non-executive directors or 33% of all major company directors.…

As the world’s largest vertical farm is set to launch operations in Gloucestershire later this year, proponents have lauded the sustainability benefits of the model. They say it has the potential to reduce agriculture’s physical and carbon footprint, growing more crops with significantly reduced water usage, zero pesticides and delivering fresher produce than traditional field-based models.…

GM and Canadian political leaders today (Dec 5) hailed the launch of Canada’s first large-scale EV assembly plant, making BrightDrop Zevo electric delivery vans at the Big Three auto-maker’s CAMI assembly plant at Ingersoll, Ontario. BrightDrop, a wholly-owned GM subsidiary, announced it plans initial production of its Zevo 600 models in January (2023) and Zevo 400 models late next year (2023).…

Tunisia’s textile and clothing sector may have expanded sales in 2022, notably through an export increase from January to September, up 11.9% year-on-year, according to the Tunis-based Technical Textile Center (CETTEX – Centre Technique du Textile). But its companies remain concerned about the stability of the national economy and potential long-term weaknesses.…

The International Public Sector Accounting Standards Board (IPSASB) will start detailed work developing sustainability reporting standards for public sector bodies.

Ian Carruthers, IPSASB chair, said: “The public sector needs its own specific sustainability reporting framework and the IPSASB should lead its development.”…

The European Commission is now assessing a first set of detailed proposed European Union (EU) mandatory sustainability reporting standards, delivered – on time – by the European Financial Reporting Advisory Group (EFRAG) Sustainability Reporting Board (SRB). (1)  

Due diligence assessments and potential amendments will now be undertaken by the EU executive, before its formal adoption of these standards, planned for next June (2023).…