Search Results for: European Parliament

Businesses and public authorities across the European Union (EU) are facing tougher laws on late payments, with the European Commission proposing a new regulation that would insist on maximum 30-day terms. Under the legislation, if approved by the European Parliament and the EU Council of Ministers, later payments would automatically accrue interest payable to the creditor, at 8% above European Central Bank (ECB) base rates.…

UN member states have been urged to create solid national policy and spending commitments to achieve the body’s Sustainable Development Goals (SDG) by 2030, including the key SDG4 on education. https://sdgs.un.org/goals/goal4 Its aim is inclusive and equitable quality education, delivering lifelong learning opportunities for all.…

Consumers worldwide increasingly seek out climate and environmentally friendly products, including paints, and industry is meeting this demand with a range of more sustainable products that they flag with green claims, such as carbon neutral or zero organic compounds (VOC). However, paint makers need to ensure they can prove those claims because regulators are cracking down on greenwashing.…

Sri Lanka’s inflation may be slowing compared to last year (4% in August, down from 64.3% year-on-year), (1) but the country’s clothing sector is still being hit by a lack of orders, the country’s industry body the Joint Apparel Association Forum (JAAF) has told Just Style.…

The China National Garment Association (CNGA) in a new briefing (1) on China’s clothing industry economic operations for H1 2023 warned that China’s clothing industry is under serious pressure. Insufficient post-Covid demand recovery in international markets due to inflation and central banks’ tight monetary policies have been exacerbated by overseas customers transferring orders to other countries.…

While UK authorised push payment (APP) fraud losses were down 17% in 2022 year-on-year, they still cost victims GBP485.2 million (USD619 million) and comprised 57% of all reported cases relating to purchase fraud, with case volumes breaking 100,000 for the first time.…

A GRI (the Global Reporting Initiative) and EFRAG (the European Financial Reporting Advisory Group) joint statement has detailed the mutual recognition of reporting under both GRI and European Sustainability Reporting Standards (ESRS).

Stressing that both systems focus on double materiality (the impact of sustainability issues on companies and companies’ impact on sustainability), the GRI and EFRAG said they will establish a list of the ESRS disclosure requirements and datapoints that correspond to GRI disclosure requirements and datapoints, enabling ESRS reporting with reference to GRI.…

Tunisia’s clothing and textile sector driven ahead with its near-sourcing export promotion, despite the political turmoil facing the country, where President Kais Saied has since 2019 suspended parliament, dismissed governments, imprisoned opposition leaders, undermining judicial independence and helped fuel anti-refugee and migrant violence.…

Regulators worldwide are cracking down on poor labour and environmental practices in apparel supply chains amid growing concerns about upstream parts of the clothing industry. Probes into major international fashion brands, who have been criticised about alleged malpractice by their suppliers have been encouraging legislative and regulatory reforms.…

Following the collapse of two high profile cases against mining majors Rio Tinto and ENRC (1), there have been broad calls for the UK’s Serious Fraud Office (SFO) to be reformed to better tackle complex cases. This includes reforms ranging from changing the disclosure regime and its investigative model, to better funding and more cooperation with other enforcement agencies.…