Like any hot, new idea, ESG investing is running wild. Without standards or any regulation, companies' investments in environmental, social and governance sectors could be perfectly valid, somewhat exaggerated or simply fraudulent, Grant Harrison, an analyst for the GreenBiz Group, writes in Greenbiz.com. The scrutiny shows, however, that ESG is becoming a significant effect—and shining some light on it is likely beneficial.
The Food and Drug Administration today issued another order requiring sunscreen manufacturers to address safety concerns about their ingredients. The agency wants to know how much of the products' chemicals enter users' bloodstream. The FDA first asked the businesses to study the issue in 2019, and recent studies have raised further concerns, according to the Environmental Working Group.
Psilocybin, whether natural or synthetic, is neither cheap nor sustainable. But sugar is. Forbes reports that Copenhagen, Denmark-based Octarine Bio is taking a wild trip with carbon-dioxide-negative sugar and biosynthetic machinery to make scalable, pharmaceutical-grade psilocybin without the hazardous waste that results from other synthetic methods.
As of now, the alt-meat products made by Impossible Foods and Beyond Meat resemble hamburger. But what about vegans who miss the flavor and texture of a chicken breast or a steak? That's a different challenge, but Impossible Foods is working on it. Meanwhile, Beyond Meat has applied for trademarks regarding fish, ham, lamb, shrimp, turkey, steak and more, Vegconomist.com reports.
Bill Gates' Breakthrough Energy Ventures fund has invested in a startup that uses robots to more efficiently grow produce through hydroponics, according to Reuters.com. Inside a 10,000-square-foot greenhouse in Gilroy, California, Iron Ox grows Genovese basil and strawberries with a robot name Grover doing all the heavy lifting, literally, and caring of the plants.