January 23, 2026 /3BL/ – Sofidel continues to strengthen its leadership in environmental sustainability, starting the new year with renewed recognition from CDP, one of the world’s foremost authorities on environmental performance disclosure.

In 2025, Sofidel once again earned an A- rating from CDP in both the Climate Change and Forests categories, confirming the Group’s strong commitment to combating climate change and responsibly managing forest resources.

Notably, CDP introduced a commodity-based assessment for the first time this year, known as Commodity Scores. Within this new evaluation framework, Sofidel achieved the highest possible rating (A) for Timber, underscoring its excellence in sustainable forest management and the responsible sourcing of pulp.

CDP is a leading independent global organization dedicated to measuring, managing, and reporting environmental impacts. In 2025, CDP evaluated more than 22,100 companies worldwide, making Sofidel’s results particularly significant within a highly competitive global landscape.

This recognition reaffirms Sofidel’s long-standing commitment to sustainability and its ongoing efforts to integrate environmental responsibility across its operations and supply chain.

Sofidel Group 

The Sofidel Group, headquartered in Porcari (Lucca, Italy), is one of the leading manufacturers of paper for hygienic and household use worldwide. Established in 1966, the Group is active in 13 countries, 12 in Europe and the United States (12 States), with over 9,500 employees and a production capacity of 1,983,000 metric tons per year. In 2024, the Group had Net Sales of 3.225 billion Euros. “Regina”, its most well-known brand, is present on almost all the reference markets. Other brands include: Sopalin, Le Trèfle, Hakle, Softis, Nalys, Cosynel, KittenSoft, Nicky and Papernet.

Sofidel is committed to reaching Net-Zero carbon emissions by the end of 2050. www.sofidel.com

January 23, 2026 /3BL/ – Sofidel continues to strengthen its leadership in environmental sustainability, starting the new year with renewed recognition from CDP, one of the world’s foremost authorities on environmental performance disclosure.

In 2025, Sofidel once again earned an A- rating from CDP in both the Climate Change and Forests categories, confirming the Group’s strong commitment to combating climate change and responsibly managing forest resources.

Notably, CDP introduced a commodity-based assessment for the first time this year, known as Commodity Scores. Within this new evaluation framework, Sofidel achieved the highest possible rating (A) for Timber, underscoring its excellence in sustainable forest management and the responsible sourcing of pulp.

CDP is a leading independent global organization dedicated to measuring, managing, and reporting environmental impacts. In 2025, CDP evaluated more than 22,100 companies worldwide, making Sofidel’s results particularly significant within a highly competitive global landscape.

This recognition reaffirms Sofidel’s long-standing commitment to sustainability and its ongoing efforts to integrate environmental responsibility across its operations and supply chain.

Sofidel Group 

The Sofidel Group, headquartered in Porcari (Lucca, Italy), is one of the leading manufacturers of paper for hygienic and household use worldwide. Established in 1966, the Group is active in 13 countries, 12 in Europe and the United States (12 States), with over 9,500 employees and a production capacity of 1,983,000 metric tons per year. In 2024, the Group had Net Sales of 3.225 billion Euros. “Regina”, its most well-known brand, is present on almost all the reference markets. Other brands include: Sopalin, Le Trèfle, Hakle, Softis, Nalys, Cosynel, KittenSoft, Nicky and Papernet.

Sofidel is committed to reaching Net-Zero carbon emissions by the end of 2050. www.sofidel.com

January 23, 2026 /3BL/ – Sofidel continues to strengthen its leadership in environmental sustainability, starting the new year with renewed recognition from CDP, one of the world’s foremost authorities on environmental performance disclosure.

In 2025, Sofidel once again earned an A- rating from CDP in both the Climate Change and Forests categories, confirming the Group’s strong commitment to combating climate change and responsibly managing forest resources.

Notably, CDP introduced a commodity-based assessment for the first time this year, known as Commodity Scores. Within this new evaluation framework, Sofidel achieved the highest possible rating (A) for Timber, underscoring its excellence in sustainable forest management and the responsible sourcing of pulp.

CDP is a leading independent global organization dedicated to measuring, managing, and reporting environmental impacts. In 2025, CDP evaluated more than 22,100 companies worldwide, making Sofidel’s results particularly significant within a highly competitive global landscape.

This recognition reaffirms Sofidel’s long-standing commitment to sustainability and its ongoing efforts to integrate environmental responsibility across its operations and supply chain.

Sofidel Group 

The Sofidel Group, headquartered in Porcari (Lucca, Italy), is one of the leading manufacturers of paper for hygienic and household use worldwide. Established in 1966, the Group is active in 13 countries, 12 in Europe and the United States (12 States), with over 9,500 employees and a production capacity of 1,983,000 metric tons per year. In 2024, the Group had Net Sales of 3.225 billion Euros. “Regina”, its most well-known brand, is present on almost all the reference markets. Other brands include: Sopalin, Le Trèfle, Hakle, Softis, Nalys, Cosynel, KittenSoft, Nicky and Papernet.

Sofidel is committed to reaching Net-Zero carbon emissions by the end of 2050. www.sofidel.com

CLEVELAND, January 23, 2026 /3BL/ – KeyBank Community Development Lending and Investment (CDLI) provided a $27.3 million construction loan on behalf of the Housing Authority of Salt Lake City (HASLC) to finance the rehabilitation and new construction of Permanent Supportive Housing and a subsidized apartment community in Salt Lake City. KeyBank’s Commercial Mortgage Group (CMG) also arranged permanent financing with a $16 million Freddie Mac 9% LIHTC forward commitment. The rehabilitation and new construction will consist of 218 units:

  • Sunrise Metro – Renovation of existing 100-unit, 4-story structure with the addition of 18 new units to the 2nd floor
  • Atkinson Stacks – New construction of 100-unit, 6-story structure

Units are restricted at 25%-35% of area median income (AMI) across six studios and 212 one-bedrooms. The new building will include commercial space on the bottom floor to be occupied by Sacred Circle, a supportive services and case management provider. Sacred Circle will provide substance abuse counseling, employment, financial support and other services as needed. They will also operate a clinic and pharmacy.

Unit amenities include kitchen range, refrigerator, laminate countertops, and vinyl floors. Property amenities currently in Sunrise Metro include a courtyard, garden, dog run, case management offices, supportive service spaces, and a food pantry. With the expansion and renovation, the HASLC is adding a gym, programmed outdoor spaces, a pharmacy, and a medical clinic to be staffed by Sacred Circle Healthcare, projected to have 12 full-time employees at the site.

“We sincerely thank KeyBank for supporting this transformative project,” Daniel Nackerman, Executive Director, Housing Authority of Salt Lake City noted. “The new and renovated housing will offer safe, affordable homes along with essential services that uplift residents. By promoting community and stability, we are making notable progress toward improving lives and strengthening neighborhoods in Salt Lake City.” 

The federal and state LIHTC credits will be purchased/syndicated by The Richman Group. Rachel Grudzien of KeyBank CDLI and Hector Zuñiga of KeyBank CMG structured the financing. 

About KeyBank Community Development Lending and Investment

KeyBank Community Development Lending and Investment (CDLI) finances projects that stabilize and revitalize communities across all 50 states. As one of the top affordable housing capital providers in the country, KeyBank’s platform brings together construction, acquisition, bridge-to-re-syndication, and preservation loans, as well as lines of credit, Agency and HUD permanent mortgage executions, and equity investments for low-income housing projects, especially Low-Income Housing Tax Credit (LIHTC) financing. KeyBank has earned 11 consecutive “Outstanding” ratings on the Community Reinvestment Act exam, from the Office of the Comptroller of the Currency, making it the first U.S. national bank among the 25 largest to do so since the Act’s passage in 1977.

About KeyCorp

KeyCorp’s roots trace back 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial services companies, with assets of approximately $184 billion at December 31, 2025.

Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 950 branches and approximately 1,200 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank Member FDIC. 

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Authored by Baker Tilly’s Mark Scallon

Life sciences companies must work to sustain healthcare advancement and development while uncertainty around National Institute of Health (NIH) funding and other administrative changes stress the industry. Gaps in funding may be filled by an increase in stewardship activities, such as:

  • Medical Education Grants
  • Research Grants
  • Investigator-Initiated Studies (IIS) / Investigator-Initiate Trails (IIT)
  • Charitable Contributions
  • Social programs supporting research and development (R&D)

While these initiatives are critical to progress, the expected surge in funding requests amplifies compliance risks. In this article, we explore strategies for balancing ethical engagement with meaningful impact and why automation is key to managing this evolving landscape.

Stewardship

Stewardship is the careful and responsible management of resources entrusted to your case, including natural resources, assets or even time and talents. It means acting as a caretaker for assets you do not own, with the goal of protecting and preserving them for the future.

The funding landscape: A perfect storm

Recent policy shifts have dramatically altered the research funding environment:

  • Cancelled grants: In the last year, more than 1,800 active NIH research grants have been terminated, reducing awarded funds by approximately $8 billion compared to 2024.
  • Targeted research cuts: Programs focused on diversity, equity and inclusion (DEI), environmental harms and critical health areas—including sickle cell disease, HIV/AIDS and mental health—have been affected by these cuts.
  • Projected budget reductions: For 2026, the administration has proposed slashing the NIH budget by 43%, an $11.6 billion reduction from 2025 levels. Additional proposed cuts include $3.6 billion from the Center for Disease Control and Prevention (CDC) and $674 million from Centers for Medicare and Medicaid Services (CMS).
  • Indirect cost cap: In February 2025, reimbursement rates for indirect research costs were capped at 15% for universities and research institutions, challenging the infrastructure that supports scientific progress.

These changes signal a long-term trend: external funding requests will rise sharply as organizations seek alternative sources to sustain research and development.

The compliance challenge

An influx of grant and contribution requests brings heightened risk. Manual processes struggle to keep pace with increased volume, creating vulnerabilities in:

  • Documentation and audit trails
  • Conflict-of-interest checks
  • Regulatory compliance across jurisdictions

Without robust controls, organizations risk reputational damage, financial penalties and erosion of stakeholder trust.

Automation as a strategic tool

To navigate this complexity, life sciences companies must embrace automation. Solutions like stewardshipNOW streamline workflows, embedding compliance controls directly into the process. These automations enable:

  • Efficiency: Automated routing and approvals reduce administrative burden and accelerate decision-making.
  • Risk mitigation: Built-in compliance checks ensure adherence to regulatory standards.
  • Scalability: Systems can handle increased request volumes without compromising oversight.

By integrating technology and automation with stewardship principles, organizations can achieve a balanced approach while supporting innovation and remaining compliant.

Conclusion

The life sciences sector stands at a crossroad. Funding uncertainty and rising compliance demands require a proactive strategy rooted in stewardship and enabled by automation. Companies that act now will not only weather the storm but emerge as leaders in ethical engagement and corporate responsibility.

For more guidance, contact an experienced Baker Tilly industry practitioner about your life sciences organization today.

Chuan Luo, student at the Wyant College of Optical Sciences at the University of Arizona is the 2025 recipient of the Michael Kidger Memorial Scholarship. During his master’s studies at the Wyant College of Optical Sciences, Chuan Luo focused on advancing optical system design for LiDAR and augmented reality (AR) applications. The award was established to honor Michael John Kidger, a well-respected educator, design software developer and member of the optical science and engineering community.

We interviewed Chuan to learn how he became interested in optics, his current research projects, and his future goals.

Q: What does receiving the Kidger Scholarship award mean to you?

A: Receiving the Michael Kidger Scholarship really means a lot to me. It feels like a recognition of the path I’ve taken in optics, starting as an undergrad who knew almost nothing about the field, to now as a Ph.D. student defining my own research direction. Along the way, Dr. Kidger’s Fundamental Optical Design textbook has basically been my go-to reference book. Whenever I got stuck with lens design or aberration questions, I’d open it and usually find the insight I needed to move forward.

It’s also meaningful because I know some past recipients personally, and I’ve seen how they’ve built really strong careers, for example some becoming leaders in academia, others starting companies that are pushing optical technologies forward. Being counted among them makes me feel both honored and motivated.

So, for me, this award isn’t just recognition of what I’ve done, it’s also encouragement to keep going, to push the boundaries in optical sciences and engineering, and hopefully to contribute back to the community in the same way that Dr. Kidger and the past recipients have.

Q: How did you get interested in optics?

A: My fascination with optics, or more broadly with “light,” began when I first read Dune, where Paul Atreides observes holographic projectors that bring tactical lessons vividly to life. That fascination with “light” was amplified when I later saw Princess Leia’s holographic image projected into the air in the Star Wars movie, which left me wondering how such illusions might one day become reality.

The moment that truly solidified my decision to research optics in college came during an undergraduate project in my research advisor Professor Yuzuru Takashima’s lab. I worked on designing and building a “Ray Aberration Generator,” a simple setup using a plano-convex lens illuminated by an array of laser beams. Witnessing the tangible impact of manipulating light at the optical surface sparked my curiosity and solidified my commitment to optical engineering. The sight of those rays, converging and diverging in air, immediately recalled the holographic displays that controlled light in the science fiction stories and movies I admired. It was then that I knew I wanted to pursue research in the field of optics during my time in college.

Q: What are some accomplishments that you are proud of?

A: I sometimes feel hesitant to call my achievements “accomplishments,” especially when I compare myself to past Kidger Scholarship recipients who have already gained significant recognition in academia or industry. But on a personal level, what I am most proud of is the foundation I have built through my experiences in both academic research and industry practice. Over time, I have developed my own toolbox of skills in optical design, simulation, and system-level problem solving. This combination allows me to approach technical challenges in optical science with creativity and confidence, and I see it as a strong platform for making future contributions to the field.

Q: What are you doing now and what do you hope to do in the future?

A: My current research focuses on developing novel optical elements for display and imaging applications to address long-standing challenges in Augmented Reality (AR) optical systems. These include extremely low pupil-to-pupil efficiency, MTF degradation caused by fabrication-induced waveguide distortion, and display-off artifacts such as eye-glow, rainbow effects, vergence-accommodation conflict, as well as fundamental limitations in étendue conservation. AR displays are widely regarded as one of the most promising platforms for next-generation human–computer interaction, yet these challenges remain major barriers to making AR glasses as practical and ubiquitous as smartphones.

While it is difficult to predict my long-term trajectory over the next several decades, at least in the near term which is within the next five to ten years, I hope to continue exploring innovative engineering solutions that push the boundaries of optical design and manufacturing for AR display optics. My goal is to help overcome these limitations so that AR displays can move closer to becoming truly transformative, everyday technologies.

Q: What other hobbies or fun activities do you like to do in your spare time?

A: Before starting my Ph.D. journey, I worked as an optical engineer in Boulder, where I loved going skiing and hiking with my family. Both activities fully captured my attention and gave me a chance to step away from the pressures of work and study. Those outdoors moments not only helped me relax but also recharged me so I could return to my work and study with fresh energy.

Now that I’m in Tucson for my Ph.D., skiing is less accessible, and hiking is less practical in the hot climate. These days, I would like to spend my spare time cooking, reading, and working out at the gym. Each of these activities gives me a break from research while helping me stay balanced and energized.

Q: What would be your advice for students who are studying optics?

A: I’m still a student myself, so I don’t pretend to have all the answers. But if I could share one piece of advice with students just starting out, whether in optics or any other field, it would be to follow the “KISS” principle: Keep It Simple, Student. Early on, I often tried to come up with solutions that I thought were clever or exciting, but they turned out to be overly complicated and not very useful. With time, I’ve learned that the simplest solution is often the most effective, and it’s also the one most likely to succeed. This lesson applies not just in academic research, but also in industry.

We’d like to thank Chuan for taking the time for this interview and wish him all the best in his future endeavors.

This Holiday Season, our team had the joy of wrapping gifts for 44 incredible teens in the after-school program at Oasis – A Haven for Women and Children in Paterson, NJ.

These gifts were part of the Adopt-a-Teen for the Holidays initiative – one small way we could help bring a little holiday magic to teens who deserve to feel seen and celebrated.

As a longstanding partner of Oasis, we’re continually inspired by their mission to change the lives of women and children by breaking the cycle of poverty through compassionate programs designed to feed, clothe, educate and empower women and children in need.

The PSEG Foundation, 501(c)(3), the philanthropic arm of Public Service Enterprise Group Inc. (PSEG) (NYSE:PEG), prioritizes investments in the environment, safety, STEM education & workforce development, diversity & inclusion, and the communities served by PSEG. The Foundation coordinates employee volunteerism programs.

PSEG is a predominantly regulated infrastructure company focused on a clean energy future. Guided by its Powering Progress vision, PSEG aims to power a future where people use less energy, and it’s cleaner, safer and delivered more reliably than ever. With a continued focus on sustainability, PSEG has appeared on the Dow Jones Sustainability North America Index for 17 consecutive years. PSEG is included on the 2023-2024 list of U.S. News’ Best Companies to Work For. PSEG’s businesses include Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island (https://corporate.pseg.com).

View original content here.

January 22, 2026 /3BL/ – With the recent announcement from CDP of their 2025 ratings, Lenovo has once again been recognized as a global leader in transparent reporting for sustainability. Lenovo has received an A climate score and increased its water score to A for 2025. The A score is the highest rating available from CDP – the world’s only independent system for environmental disclosure. This marks the first time Lenovo has earned an A rating for both climate change and water security in the same year. This recognition comes after Lenovo was named a ‘Most Sustainable Organization’ by HKICPA and achieving an AAA ESG MSCI rating for the fourth year.

By disclosing through CDP, companies provide critical data to deliver changes our planet and economy urgently need. Securing a place on the A list means that Lenovo is among the top 4% of companies scored by CDP.

Lenovo is focused on mitigating the worst effects of climate change by aligning to the Science Based Targets initiative’s Net-Zero Standard. Lenovo’s emissions reduction targets for 2030 are on-track and part of its long-term commitment to reach net-zero emissions by 2050. Lenovo has also made strides in enterprise-wide use of water. Lenovo works carefully with its workplaces, factories, and suppliers to measure water usage and has implemented a Water Resiliency Policy in its own operations. Learn more in Lenovo’s most recent ESG Report.

More info about CDP, its scoring, and methodology can be found here.

January 22, 2026 /3BL/ – With the recent announcement from CDP of their 2025 ratings, Lenovo has once again been recognized as a global leader in transparent reporting for sustainability. Lenovo has received an A climate score and increased its water score to A for 2025. The A score is the highest rating available from CDP – the world’s only independent system for environmental disclosure. This marks the first time Lenovo has earned an A rating for both climate change and water security in the same year. This recognition comes after Lenovo was named a ‘Most Sustainable Organization’ by HKICPA and achieving an AAA ESG MSCI rating for the fourth year.

By disclosing through CDP, companies provide critical data to deliver changes our planet and economy urgently need. Securing a place on the A list means that Lenovo is among the top 4% of companies scored by CDP.

Lenovo is focused on mitigating the worst effects of climate change by aligning to the Science Based Targets initiative’s Net-Zero Standard. Lenovo’s emissions reduction targets for 2030 are on-track and part of its long-term commitment to reach net-zero emissions by 2050. Lenovo has also made strides in enterprise-wide use of water. Lenovo works carefully with its workplaces, factories, and suppliers to measure water usage and has implemented a Water Resiliency Policy in its own operations. Learn more in Lenovo’s most recent ESG Report.

More info about CDP, its scoring, and methodology can be found here.

January 22, 2026 /3BL/ – With the recent announcement from CDP of their 2025 ratings, Lenovo has once again been recognized as a global leader in transparent reporting for sustainability. Lenovo has received an A climate score and increased its water score to A for 2025. The A score is the highest rating available from CDP – the world’s only independent system for environmental disclosure. This marks the first time Lenovo has earned an A rating for both climate change and water security in the same year. This recognition comes after Lenovo was named a ‘Most Sustainable Organization’ by HKICPA and achieving an AAA ESG MSCI rating for the fourth year.

By disclosing through CDP, companies provide critical data to deliver changes our planet and economy urgently need. Securing a place on the A list means that Lenovo is among the top 4% of companies scored by CDP.

Lenovo is focused on mitigating the worst effects of climate change by aligning to the Science Based Targets initiative’s Net-Zero Standard. Lenovo’s emissions reduction targets for 2030 are on-track and part of its long-term commitment to reach net-zero emissions by 2050. Lenovo has also made strides in enterprise-wide use of water. Lenovo works carefully with its workplaces, factories, and suppliers to measure water usage and has implemented a Water Resiliency Policy in its own operations. Learn more in Lenovo’s most recent ESG Report.

More info about CDP, its scoring, and methodology can be found here.

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