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Sustainability is not only a marketing buzzword in the packaging sector, but also a legal and environmental necessity, even if it costs more, packaging experts have told Packaging Gateway. Notably, making recycled polyethylene terephthalate (PET) is more expensive than virgin PET, and due to “limited availability and the high cost of recycled content,” PepsiCo used more virgin plastic than planned in 2022 according to its ESG [environmental, social and governance] 2022 report (1) released earlier this year (2023).…

Remote working boomed during the Covid-19 pandemic and seems set to stay. For AMLOs working outside of the office, multiple security risks abound but can be mitigated if the right procedures are in place and precautions taken.

The pandemic’s initial and fast push of AMLOs and other compliance professionals out of the office forced financial institutions to scramble to get in-house cyber security measures in place to ensure there were no network breaches.…

Every new information technology is a potential double-edged sword for committing and detecting financial crime, including money laundering and terror finance, and the development of large language model (LLM) processing AI systems, such as ChatGPT, is no exception.

Experts have already raised concerns about how these systems could be abused by money launderers, as well as how they may help obliged entities, FIUs and related law enforcement agencies fight dirty money flows.…

Bangladesh is exploring offshore wind power as a key solution for a country seeking energy diversification, but whose dense population restricts land availability for renewable power. In July (2023), a USD1.3 billion investment offer in Bangladesh’s wind power energy from Denmark-based Copenhagen Infrastructure Partners (CIP), a leading green infrastructure fund manager, working with offshore wind developer Copenhagen Offshore Partners (COP) has boosted this south Asian country’s renewable energy ambitions (1).…

The International Auditing and Assurance Standards Board (IAASB) has proposed an International Standard on Sustainability Assurance (ISSA) 5000, ‘General Requirements for Sustainability Assurance Engagements’. Released for public consultation, the standard is designed to guide limited and reasonable assurance engagements on sustainability information.…

Gorpcore’ fashion, wearing outdoor functional clothing as fashionable streetwear, is rising in popularity, so much that much specialist apparel specifically designed for mountain environments will “never see a mountain,” a performance clothing designer has told WTiN. 

Their expensive materials and complex designs have “attracted fashion and streetwear to outdoor clothing,” Richard Dannah, an outdoor performance sportwear designer with more than 20 years’ experience in the field, told WTiN.…

Canada’s successful shift towards electric vehicle production is seeing the country’s auto-sector expand from its traditional Ontario base across the country, according to new research. This has been undertaken by non-profits the Trillium Network for Advanced Manufacturing, (which raises public and investor awareness), and Accelerate, an alliance of mining, batteries, fuel cells, R&D, the public sector, Indigenous peoples’ interests, labour, vehicle manufacturing and infrastructure groups.…

The Ukraine and Russian paint and coating sectors have both experienced major change since Russian military forces invaded Ukraine last February (2022), but as with the war, Ukraine’s industry has suffered much tougher damage.

Indeed, all sectors of the victim country’s economy have been hit hard by Russian military attacks and economic disruption, but none more so than Ukraine’s vulnerable chemical-based industries.…

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).…

Footwear specialists have been warned to focus on ways to implement artificial intelligence (AI) in specific use cases within their own niche area rather than being tempted to utilise the technology to extend their range into new product areas, in which they may lack familiarity.…