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A new German rule requires companies to identify, assess, prevent, and remedy any potential human rights and environmental violations, even if indirectly, across their operations and supply chains. Violations could involve hefty fines and loss of business ....
The CBAM could unfairly hit export industries in countries like India as it ignores differential obligations for climate action. It needs sorting out. ....
KUALA LUMPUR: 75 per cent of Malaysia’s exports to the European Union (EU) will be impacted by the EU’s Carbon Border Adjustment Mechanism (CBAM), albeit collectively accounting for only about eight per cent of Malaysia’s total exports in 2021 to 2023. ....