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THE GLOBAL demand for lactic acid is growing, with the world market forecast to reach USD1.75 billion by 2020, on the back of an 8.6% annual gain for polylactic acid, according to data from international nutrition group Glanbia Ireland. So, it is encouraging to hear about the launch of the company’s first-of-its-kind bio-refinery project, that will turn low value by-products from the dairy processing industry into sustainable lactic acid among other by-products, and finally turn Europe to a net exporter of lactic acid.…

THE LONG lines of customer to the cash register in Inditex stores – the giant Spanish company behind High Street fashion brands Zara, Bershka and Pull&Bear (among others) – are also now buying personal care products as well as clothes. They funnel customers through shelves that are not only bursting with low-cost impulse buys, such as hair accessories, smart phone covers and key rings, but now also Inditex scents.…

THE LEGALISATION nationwide of recreational cannabis in Canada last October (2018) was a groundbreaking move – a first for a major western country – and from this coming October 17, at the latest, one that may have significant implications for the beauty business.…

INDIAN authorities have seized more than USD120 million’s worth of unaccounted cash during the six-week long general election that concluded in May [2019]. Law enforcers have warned that this could be for vote buying, making a future government susceptible to corruption, promoting graft in business.…

IRISH accountants will be on the frontline of a major investment challenge facing Ireland – how to improve the country’s weak water supply system, without boosting its energy consumption to levels that may fuel climate change.

Combining non-financial with financial reporting is an essential part of making the fine investment judgements that will be needed as Ireland’s government and utilities seek to reform a water system that loses over 40% of its supplies from the national pipe network before it flows from taps.…

HONG Kong accountants may see an increase in demand for non-financial assessments, with the HK Stock Exchange consulting on proposed new environmental, social and governance (ESG) reporting. It is proposing introducing mandatory disclosure requirements to include board statements considering ESG issues; and what reporting principles are used to develop company ESG reports.…

Since China’s Premier Li Keqiang has announced his country’s ‘War on Pollution’ in 2014, the world’s main supplier of synthetic fibres and the second-largest supplier of cotton has consistently reduced its textile sector’s adverse impact on the environment.

The government has introduced a slew of new environmental controls and these continue to be introduced.…

THE CANADIAN auto-sector, encouraged by its federal government, has been pushing ahead with a wide range of initiatives to try and make Canada an international high-tech hub of connected and automated vehicle (CAV) research and development.

These focus on the country’s existing auto-making hub Ontario, with – unusually – the capital Ottawa playing a key auto-manufacturing role, encouraged by its existing local tech sector.…

THE CANADIAN auto sector wants the country’s federal government to recycle payments made through its carbon tax system back to Ontario’s automotive manufacturing sector, so it can reduce emissions and related energy costs. Executives want the government to hasten an announcement on how the system will work in detail to enable the industry to plan and mitigate costs.…

With a growing population of guanacos, a llama-like animal that runs wild in Patagonia, the Argentine government is analysing how best to produce and export the natural fibre it yields, at prices like those commanded by vicuña wool. But hurdles stand in the way of getting it right and there are concerns that the approach could backfire if sustainable practices are not

 in place. …