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The European Financial Reporting Advisory Group (EFRAG) has released its first full set of final draft sustainability reporting standards for the European Union (EU) for public consultation. EFRAG has been charged with developing standards expected to become compulsory under a proposed EU Corporate Sustainability Reporting Directive.…

The Canadian auto sector has expressed disappointment that its federal government has not done more in its latest budget, released on April 7, to finance the expansion of electric vehicles sales.

While industry associations have welcomed an expansion of financing for EV purchase subsidies and the development of battery mineral production, more money was needed to encourage sales, they said.…

The camel wool industry has grown in recent years, but this niche market has yet to reach its potential, particularly as a sustainable fibre popular with environmentally-sensitive consumers, say industry experts, producers and sellers.  

Global production of camel hair rose from 2,018 tonnes in 2006 to an estimated 3,600 tonnes in 2021, according to data from the International Wool Textile Organisation (IWTO).…

INTRODUCTION 

The connection of information and operational technology through smart factories makes for undeniable improvements in manufacturing efficiencies, in output and cost. But all new technologies spark fresh vulnerabilities for attacks by criminals. Given the latent strength of smart factories is in connectivity, cyber-attacks are their most important illicit threat.…

Tobacco companies are closely watching the impact of Germany’s Supply Chain Law, taking effect in 2023, the first time German companies have been given legal responsibility to respect human rights in global supply chains. Industry observers predict there will be a considerable need for additional compliance efforts by tobacco producers and traders as a result.…

The gap between halal and natural beauty is narrowing down as halal beauty brands integrate more natural and vegan ingredients into their products, and global cosmetics companies use more ingredients that are inherently halal.

“In essence, the majority of halal ingredients are of non-meat origin, hence vegan products, for example, are by default usually halal,” Amna Abbas, consultant for beauty and fashion at Euromonitor International told Salaam Gateway.…

Russia’s unprovoked invasion of Ukraine has disrupted the supplies of food, especially cereals, to major halal food markets, with Ukraine and Russia togethering controlling around 30% of the global wheat trade. The military action, which the UN said on April 17 had killed 2,072 civilians, has put the Middle East and North Africa in a tight position over food supplies, especially given the region’s economies have been weakened by the Covid-19 crisis.…

Bangladesh is emerging as a major supplier for high-value suits in Europe and the US, taking advantage of the disruption faced by manufacturers in China, Vietnam, and Ethiopia during the Covid-19 pandemic. While Bangladesh faced its own supply chain and production disruption, China’s tough response to the pandemic has harmed its clothing production, Vietnam’s apparel sector has encountered labour shortages and Ethiopia’s Covid-19 woes have been worsened by civil war.…

A public-private partnership in Taiwan has been leveraging visual scanning technologies to help launch a standardised platform using artificial intelligence (AI) to accurately render fabrics digitally.  

Its goal is to help propel Taiwan from a major quality fabric supplier to a world player in digital fashion design.  …

After two years of strict travel restrictions, international borders are finally opening for quarantine-free travel, coinciding with the month of Ramadan. But to what extent will the escalation of oil prices and disruption of air travel caused by Russia’s invasion of Ukraine affect Muslim travellers’ plans?…