The future of animal testing moved into the spotlight last week after the European Commission unveiled a roadmap to phase out animal testing in chemical safety assessments. While regulatory change and scientific advances are reducing the need for animal testing in some areas, it remains a complex and evolving issue, particularly in medicine. Funds can take very different approaches, and…
Canada Launches Legislation to Ban Products Made with Forced Labor Following U.S. Tariff Threat
The Government of Canada announced the launch of new proposed legislation aimed at strengthening its ban on imports of goods produced with forced labor, introducing new requirements for companies importing high-risk goods to provide enhanced supply chain tracing, and banning goods unless information requirements are met. The introduction of the new legislation follows the publication of a report by the…
EBA Integrates Climate Risk into EU Banking Stress Test
EU banking supervisor The European Banking Authority (EBA) announced the draft methodology and templates for the 2027 EU-wide stress test, which include the incorporation of climate risks for the first time. In the initial stage, the EBA said that climate risks will be assessed through a dedicated module and will not affect the core stress test results, although the banking…
Microsoft-Backed SAF Producer Twelve Launches First U.S. Plant to Make Jet Fuel from CO2
Carbon transformation-focused cleantech company Twelve announced the launch of AirPlant One, the first commercial-scale facility in the U.S. to produce E-Jet fuel – a power-to-liquid (PtL) sustainable aviation fuel (SAF) made from CO2 and renewable electricity. Founded in 2015, California-based Twelve produces chemicals, materials and fuels from captured CO2 combined with water. The process is powered by renewable energy and…
New Forests Launches A$1 Billion Global Natural Capital Fund
Nature-based real assets-focused investment manager New Forests announced today the launch of its Global Landscape Opportunities (GLO) strategy, the firm’s first global natural capital fund, aimed at investing across forestry, agriculture, and complementary markets such as carbon and biodiversity. The firm is seeking to raise A$1 billion (USD$707 million) for the new fund, according to media reports. Founded in 2005,…
P&G’s First Chief Sustainability Officer Virginie Helias Retires
Virginie Helias, who has led sustainability efforts at consumer brands giant Procter & Gamble (P&G) for 15 years, including serving as the company’s first Chief Sustainability Officer, announced that she will step down from her role at the end of June. P&G’s top sustainability role will be taken over by Michele Baeten, who currently serves at the company as Vice…