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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.…

Demand for US tobacco leaf is projected to remain robust, despite increased reluctance to use smoked products (worsened by concerns about respiratory disease prompted by Covid-19) and the ongoing China–US trade war launched by former US President Donald Trump.

Tobacco leaf was one of the Chinese export products hit by punitive US import duties of 25% imposed during 2019, with China responding in kind with additional 10% and 25% duties levied on US exports of tobacco leaf to China.…

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).…

Global trade officials at the World Customs Association (WCO) are assessing how the international customs classification of goods could be reformed to promote the trade in sustainable goods, such as organic cotton fabrics.

They are examining changing the WCO’s Harmonized System (HS), which links traded goods to six-digit codes, recognised by all jurisdictions participating in the global trading system, so that special HS codes can be allocated to goods deemed sustainable – including clothes made from recycled fabrics.…

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.…

THE EUROPEAN Commission’s new proposal for a European Union (EU) packaging and packaging waste regulation (1) is not realistic, European tobacco experts have told Tobacco Journal International (TJI). Their comments come as negotiations begin between the Commission (the EU’s executive), the European Parliament and the EU Council of Ministers – representing member states – on the draft text.…

The USA’s Congress and the Federal Trade Commission (FTC), which protects American consumer rights, are coming under pressure to amend US labelling laws so that digital labels replace the material and printed labels that have been growing – in size and complexity.…

EUROPEAN textile businesses are gearing up to implement new European Union (EU) digital product passports (DPPs), that an EU official told Textile 4.0 will “require a re-thinking of how textile supply chains work”.  

Plans for these passports – which are expected to become mandatory for companies selling into the EU – were announced in the EU strategy for sustainable and circular textiles (1) and the eco-design for sustainable products regulation (ESPR) (2), released by the European Commission on March 30, 2022, as part of the EU’s circular economy reform package.…

The paint markets of the Gulf region’s two largest economies, Saudi Arabia and the United Arab Emirates (UAE), have rebounded since the Covid-19 pandemic and are slated for growth, driven by major investments in real estate and infrastructure projects.

“Over the past 18 months, we have seen a flat and slightly declining paint markets in the region.…

The newest data released by the German Paint and Printing Ink Association (VdL) shows the fortunes of the German coatings sector were, in 2021, closely tied to the Covid-19 pandemic and increasing price of raw materials globally – causing weak short-term growth and an anticipated contraction in 2023.…