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ISSB PUSHES FOR ITS STANDARDS TO BE SUSTAINABILITY REPORTING GLOBAL BASELINE

An International Sustainability Standards Board (ISSB) symposium in Montréal, Canada, has heard how accounting standards experts are striving to build a “global baseline” of regulation based on ISSB standards, despite the contrasting guidance being developed worldwide. 

Speaking at the event on Friday (Feb 17), Mark Carney, UN special envoy for climate action and finance, and former central bank governor for the UK and Canada, said of the baseline: “It’s critical. You need compatible information.”  

Mr Carney stressed ongoing discussions between the ISSB and major jurisdictions, such as the EU (European Union), the USA and Japan, about the need for regulatory harmony.

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UK-GERMANY NEUCONNECT INTERCONNECTOR COULD PROVIDE MODEL FOR CHEAP CLEAN ENERGY DISTRIBUTION

In late-July, the European Investment Bank (EIB) agreed on the financing structure of NeuConnect, the first ever energy link connecting Germany and the United Kingdom, two of the largest electricity markets in Europe.

The investment to build the interconnector will amount to EUR2.8 billion, with the EIB set to contribute up to EUR400 million for the financing construction of the section within the European Union (EU).  Other financiers include the UK Infrastructure Bank, which will focus on the stretch within UK maritime and land territory, and the Japan Bank for International Cooperation (JBIC).

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SUSTAINABILITY ACCOUNTING STANDARDS – IMPACT ON TEXTILES INDUSTRY



INTRODUCTION 

 

ACCOUNTING used to be restricted to financially measurable matters of profit and loss; expenditure and revenue; taxes and subsidies; investment and liabilities. But the mathematical and statistical skills underpinning a solid set of books and filed accounts are today increasingly being used to measure the environmental and social sustainability of a product, input, production process and supply chain.…

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REPORT HIGHLIGHTS KILLINGS OF STUDENTS AND ACADEMICS WORLDWIDE OVER FREEDOM OF SPEECH AND CONSCIENCE



Universities in Afghanistan, Iraq, Haiti, Madagascar, Nigeria and Yemen have been highlighted as institutions where academics or students were killed because of their beliefs or activism in the past academic year, though a report from campaign group Scholars at Risk (SAR).…

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THE OUTSOURCING/NEARSOURCING/RESHORING STRUGGLE WITHIN THE PROTECTIVE AND PERFORMANCE TEXTILE SEGMENTS



INTRODUCTION

 

The Covid-19 pandemic has sparked a reassessment of the model of relying on one or two outsourcing locations. It has demonstrated that when there is a major disruption caused by an emergency as serious as a pandemic, shipping and industrial processing can be disrupted.…

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THE POTENTIAL OF ITALY’S HALAL FOOD MARKET EMERGING POST-PANDEMIC



When France’s fast-food chain O’Tacos (www.o-tacos.fr) announced in 2020 that it would be selling in Italy its halal-certified French-style meat and vegetable wraps, Italian Muslims took this as a sign that halal was going mainstream in their country. O’Tacos’ first Italian outpost will open in January 2022 in Rome (delayed by Covid-19) and more openings in 2022 are planned in major Italian cities, including Milan and Bologna, said Yassin Baradai, founder of Milan-based Meem Communication (https://meemcommunication.com/

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SOUTH AFRICAN PAINT SECTOR LOOKS TO INNOVATION AS IT FIGHTS OFF IMPACT OF COVID-19 AND DEVASTATING RIOTS



The annual value of South Africa’s paints and coatings market will nudge USD2.1 billion (South African Rand ZAR33.3 billion) by 2026 after growing at a compound annual growth rate (CAGR) of 5.6% between 2021 and 2026.

These predictions from market researcher IndustryARC came in May (2021) as the industry battled the continued impact of the global Covid-19 pandemic.…

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UNIVERSITIES ARE MAGNET FOR INTERNATIONAL MONEY LAUNDERING – SPECIAL REPORT



Higher education institutions are being warned they could be a target for money laundering, with fees being financed by the proceeds of crime, including corruption, which might also buy property, cars and other items for students.

The problem has been highlighted in a series of reports.…

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DEMOCRATS AND REPUBLICANS: NOT TWO SIDES OF THE SAME COIN



Since its foundation, the United States has regularly seen opposition party presidents defeat the candidate of the incumbent ruling party. Indeed, since the 1920s (when Republican presidents held sway), only one ruling presidential candidate won an election to replace a predecessor from the same party – President George Bush Snr in 1988.…

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EU FRAUD ROUND UP – EPPO LAUNCH COMES AS EU INCREASES LAW ENFORCEMENT ACTION AGAINST FRAUD



European Union (EU) law enforcement, perhaps emboldened by the launch of the European Public Prosecutor’s Office (EPPO), has launched a series of cases and inquiries, including against high-ranking politicians accused of corruption. For example, Gabrijela Žalac, Croatia’s regional development and EU funds minister from 2016-9, and three accomplices, have been arrested, on EPPO orders, for alleged fraud regarding the purchase by her ministry of deliberately overpriced software for a public company.…

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