Search Results for: European Parliament
10 results out of 18484 results found for 'European Parliament'.
FINISHING INNOVATIONS AIM TO REDUCE THE RELEASE OF MICROPLASTICS
Textile companies and researchers are developing innovations within finishing to reduce the release of microplastics from clothing, while legislators pressure the sector to combat this harmful pollution.
Synthetic textiles, geotextiles, coatings and detergent capsules for laundry are among the main sources of microplastics, which researchers agree harm ecosystems (1).…
PAINT AND COATINGS FIRMS FACE DETAILED EU SUSTAINABILITY REPORTING STANDARDS
Large paint and coatings companies operating in the European Union (EU) will now almost certainly have to comply with the first European Sustainability Reporting Standards (ESRS), now released by the European Commission. Assuming they are backed by the European Parliament and the EU Council of Ministers (which is expected), they will become mandatory for EU listed companies (except micro-companies), who will start sustainability reporting according to ESRS from 2025.…
BIOMATERIALS AND BIOPLASTICS PRODUCTION AND SALES EXPAND IN PACKAGING SECTOR WORLDWIDE
Packaging firms and brands are preparing for a boom in biomaterial packaging, fuelled by greater consumer demand, regulations to increase sustainability and the maturity of biomaterials. A report by Massachusetts, US-based management consulting firm Arthur D Little (1), released in 2022, said that investment has fuelled production improvements and capacity, easing the mass production of biomaterials derived from plants, animals or bacteria.…
ST KITTS STRUGGLES TO IMPROVE ITS AML/CFT REGIME, BUT HAS AVOIDED FATF GREYLISTING
St Kitts & Nevis, the western hemisphere’s smallest sovereign state (by population), has significant work ahead to meet international AML/CFT standards, despite significant reforms being passed in 2020 and 2021. The twin-island state, with just over 47,000 people, is, noted a Caribbean Financial Action Task Force (CFATF) mutual evaluation report issued January 2022, a “small international financial centre which consists of commercial banking, international banking, domestic insurance, international insurance, securities, money service businesses and credit unions”.…
ANTIGUA MAKES STEADY PROGRESS ON AML/CFT - WITH NEW RISK ASSESSMENT UNDER PREPARATION SAYS FIU
Antigua & Barbuda has been making steady progress building its AML/CFT system, although mutual evaluation reports and third-party assessments suggest the twin island nation needs to continue forging fresh protections. It has, however, not released conviction and prosecution data since 2016 – making its AML/CFT effectiveness tough to assess.…
PROTECTIVE AND PERFORMANCE TEXTILE MAKERS INNOVATE TO BOOST CIRCULARITY
With an industry recycling rate currently below 1% and the European Union (EU) Strategy for Sustainable and Circular Textiles target that all textile products placed on the EU market be recyclable by 2030, the EU performance and protection fabric is facing major change.…
EU APPROVES SUSTAINABILITY REPORTING STANDARD THAT IS CLOSER TO ISSB, BUT RETAINS KEY DIFFERENCES
The release by the European Commission (EC) of the first European Sustainability Reporting Standards (ESRS) on July 31 has prompted concern that while efforts have been made to align these with International Sustainability Standards Board (ISSB) models, there are still important contrasts (1).…
INTERNATIONAL REGULATORY ROUND UP - EU KNITWEAR PRODUCERS FACE UNSOLD GOODS DESTRUCTION BAN
European Union (EU) knitwear brands are facing an upcoming ban on the destruction of their products, when unsold and unused, under a proposed EU ecodesign regulation. The EU Council of Ministers is planning to insist on this ban during negotiations with the European Parliament and European Commission about a final text.…
GROWTH IN ELECTRIC VEHICLES SALES IS PROMPTING INNOVATION IN AUTOMOTIVE ADHESIVES
While traditional benefits delivered by adhesives in the automotive industry – lightweighting and the ability to bond diverse substrates – remain a constant, the relentless evolution of the battery electric vehicle (BEV), is driving innovation in the segment, manufacturers and market analysts agree.…
RECRUITING TECHNOLOGICALLY MINDED WORKERS WILL BE TOUGH FOR FASHION SECTOR, WARN EXPERTS
THE EUROPEAN and global fashion and textile industry is witnessing rapid technological advancements, requiring garment workers with specialised skillsets, notably digital, to meet evolving demands. Indeed, the November 2022 State of Fashion 2023 report (1) from strategy consultants McKinsey & Co made clear that after 18 months of robust growth (early 2021 until mid-2022) post Covid-19, the fashion industry is facing challenges, including inflation, the energy crisis and rising material prices, that increases its demand for skilled labour.…