2022-04-07

Chinese automaker and power battery manufacturer BYD [002594:CH] announced that it has stopped making combustion engine vehicles last month and it will focus on full electric and plug-in hybrid cars, as reported by Reuters on April 3. The company’s move makes it the world’s first...

The International Financial Reporting Standards Foundation (IFRS) announced on March 31 that the International Sustainability Standards Board (ISSB) released its first exposure drafts of proposed standards of company sustainability and climate-related disclosures. The new standards will become a comprehensive global baseline, assisting the capital market...

China has published new rules requiring live-streaming platforms to provide reports on their live-streamers twice a year and to deduct personal income tax from live-streamers’ revenue, as reported by SCMP on March 31. Specifically, the reports need to include information such as personal identity, online...

PetroChina [PTR:US], China’s largest oil and gas producer, committed that renewables will account for one-third of its energy portfolio by 2035 and 50% by 2050, as reported by Reuters on April 1. The state-owned enterprise’s chief financial officer, Chai Shouping, stated the company will utilize...

India’s refiners, Indian Oil Corp [IOCL:IN], Larsen&Toubro [LT:IN] and renewable energy company ReNew Power will form a joint venture (JV) to launch green hydrogen projects, according to Reuters on April 4. The JV will start with projects at Indian Oil Corp's Mathura and Panipat refineries...

Vietnam is investigating the maximum amount of greenhouse gas emissions for manufacturers under its cap-and-trade scheme, as reported by Nikkei Asia on April 6. The country is bearing an increasing carbon emission burden as many multinational groups such as Panasonic [6752:JP] and Nestle [NESN:SW] relocate...

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