Global initiative releases draft framework for corporate social disclosures

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  SEC proposes rule rescinding Biden-era climate risk disclosures

  The agency’s proposal calls the 2024 climate disclosure rules “a dramatic overreach of the Commission’s statutory authority and, independently, unsound as a matter of policy.”

  Sustainability

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  Amazon, Google, Meta and Microsoft initiative looks to boost sustainable data center tech

  The initiative is backed by nonprofit investor Elemental Impact and also includes the Bill Gates-backed Breakthrough Energy Discovery, Salesforce and a philanthropic office founded by a Walmart heir.

  Sustainability

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  Cities push Congress to avert water infrastructure funding cliff

  With enhanced funding from the Biden-era infrastructure law set to expire and proposed federal cuts on the table, local government and water groups are urging lawmakers to reauthorize key drinking water and wastewater programs.

  Sustainability

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  Opinion

  How data center demand can accelerate climate tech deployment

  As AI and data center build out continues to scale, there are three principles worth getting right, according to the executive director of the Carbon Business Council.

  Sustainability

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  Coalition for Health AI releases governance guidance for health systems

  The resources are meant to serve as a standard but flexible framework for health systems, regardless of their size or available resources, the industry group said.

  Social Responsibility

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  Strong corporate social impact programs reap financial rewards: ACCP

  Such programs, which can encompass DEI, ESG and CSR, strengthen brand resilience, mitigate risk and attract and retain talent, according to research compiled by the Association of Corporate Citizenship Professionals.

  Social Responsibility

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  Wells Fargo CEO: AI’s effect on employment is ‘complicated’

  The bank's biggest AI-related challenge is determining how the technology can transform its business model and how the lender should respond, Charlie Scharf said Wednesday.

  Technology

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  CFPB faces lawsuit over fair housing rule change

  The agency’s final rule amending how the Equal Credit Opportunity Act is applied “effectively guts” fair lending protections, according to four plaintiffs.

  Social Responsibility

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  Data center firm DigitalBridge in $1.1B deal to buy ArcLight

  The deal reflects the “convergence of power, AI and digital infrastructure,” the companies said. ArcLight owned about 20.8 gigawatts as of June.

  Corporate Governance

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  BP ousts chair over ‘serious’ governance, oversight concerns

  The oil giant’s board removed Albert Manifold from his roles as chair and director this week, effective immediately. He faced a significant contingent of investor opposition at BP’s recent annual meeting.

  Updated May 27, 2026

  Corporate Governance

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  Proxy adviser ISS sued by 4 Republican AGs over ESG

  The state court lawsuits from Texas, Iowa, Nebraska and West Virginia allege the world’s largest proxy adviser violated state consumer protection laws. An ISS spokeswoman told ESG Dive “the allegations lack merit.”

  Sustainability

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  North Carolina sues EV maker VinFast over unbuilt factory

  The state is looking to acquire the megasite of a proposed automotive and battery facility and protect taxpayer money tied to the delayed $3 billion project.

  Corporate Governance

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  Newsom signs order focused on AI’s workforce impacts

  The executive order directs state agencies to evaluate a range of approaches, including “safety-net” options for displaced workers.

  Social Responsibility

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  Nearly 70 fashion and textile orgs ask governments to support resale and repair

  While circular business models are better for the environment, voluntary business action won’t be enough to drive the industry in this direction, said nonprofit the Ellen MacArthur Foundation, which spearheaded the initiative.

  Sustainability

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  It’s official: Shein will acquire Everlane

  The deal promises to salvage the sustainability-oriented direct-to-consumer brand’s finances, but its tie-up with the Chinese fast-fashion giant comes at a cost.

  Sustainability

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  SBTi lays out strategy pivot to expand role as climate action ‘transformation partner’

  The global standard-setting organization said “the world has changed significantly since its founding” and that its strategy for the rest of the decade “marks a clear shift.”

  Sustainability

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  Meta, Enbridge to build solar, storage for Wyoming data centers

  Enbridge expects to invest $1.2 billion into the project's construction, with 365 megawatts of solar and 200 MW of battery capacity it anticipates will enter service by the end of 2027.

  Sustainability

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  Microsoft buys first carbon credits since reportedly pausing purchases

  The tech giant will purchase 650,000 metric tons of removals over seven years from biogas producer BioCirc, after reports last month that it had paused carbon removal purchasing.

  Sustainability

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  Target leadership under fire over ‘strategic missteps’ on DEI, ICE

  Investors Trillium Asset Management, SOC Investment Group and Mercy Investment Services asked shareholders to oppose the reelection of Brian Cornell and Christine Leahy at Target’s annual shareholder meeting.

  Social Responsibility

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  FASB finalizes new environmental credit rules

  Previously generally accepted accounting principles provided no specific guidance to help companies account for carbon offsets and emissions allowances related to cap-and-trade programs.

  Updated May 22, 2026

  Sustainability

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  Hawaiian Airlines electrifies Honolulu ground fleet to cut emissions

  The airline will replace 116 diesel and propane-powered ground support vehicles with lithium battery-powered baggage tractors, belt loaders and aircraft pushback tractors.

  Sustainability

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  Wells Fargo agrees to $110M lending, hiring discrimination settlement

  The agreement settles a suit that alleged the bank approved less than 50% of Black homeowners’ refinancing applications in 2020 and participated in discriminatory hiring practices.

  Social Responsibility

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  Google, Blackstone back AI infrastructure venture to support data center demand

  The private equity firm will invest $5 billion in a new AI-focused company offering data center capacity. The venture expects to bring 500 MW of capacity online by 2027.

  Corporate Governance

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  Environmental performance a ‘core pillar’ of business strategy: report

  Most companies say environmental planning delivers competitive advantage, increased investment, and cost savings, according to a survey conducted by sustainable solutions provider Onterris.

  Sustainability

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  PayPal settles with DOJ over DEI

  The digital payments company agreed last week to a settlement with the Department of Justice over a 2020 diversity investment fund.

  Social Responsibility

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