The Latest
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SEC to propose recission of rule governing shareholder proposals: OMB
The Securities and Exchange Commission has submitted a proposal to rescind Rule 14a-8 to the White House Office of Management and Budget. The proposal is pending regulatory review.
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Republican AGs press Big 4 firms over climate-related financial reporting
Sixteen GOP state attorneys general are probing KPMG, EY, PwC and Deloitte over their membership to organizations that pushed to advance climate-related financial reporting.
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Microsoft noise lawsuit is latest in legal wave hitting data center operations
One of the tech giant's data centers emits a hard-to-measure, low-level hum that Mount Pleasant, Wisconsin, residents allege is a nuisance that’s hurting property values.
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Electricity use spurring data centers’ growing water footprint: Ceres
While data centers’ massive direct water use has come under scrutiny, the electricity that powers them consumes even more of the resource, according to a new report from the sustainability nonprofit.
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Dem AGs dispute GOP’s probe into credit ratings agencies over ESG
In their letter to the SEC, the state attorneys general said their Republican counterparts’ criticism of credit rating agencies drew conclusions “based on factual inaccuracies and distortions.”
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California sues Trump administration over offshore wind ‘extortion racket’
The state alleges the Trump administration “abuses its authority” by diminishing the value of offshore wind energy leases before it makes an “unrefusable offer” to developers.
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Black CFO representation falls 25% from 2021 peak as diversity levels off
The number of Black finance chiefs in Fortune 500 and S&P 500 companies ticked down to 15 this year, according to the report from Crist Kolder Associates.
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Ben & Jerry’s adds three board members to boost social mission
The ice cream maker’s newly appointed independent directors bring decades of experience in environmental and social justice, civil rights, economic equity and free speech.
Updated Aug. 27, 2026 -
Deloitte to pay $21.5M to settle claims its DEI programs violated federal civil rights law
“Government contractors cannot reward or penalize employees based on race or sex,” the attorney general said.
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Meta settles landmark child privacy case for up to $18B
The proposed settlement with multiple states, districts and territories would also create new rules for users under 18. Meta is calling on fellow platforms YouTube and TikTok to implement similar rules.
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World Bank raises $4B through new sustainable development bond
The international financial institution said the seven-year bond will support its goal to “mobilize capital for sustainable development.”
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Microsoft, Qcells expand partnership to power growing AI infrastructure
Under the expanded partnership, the tech giant will fund the power it needs for new data center infrastructure.
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Trump’s energy policy could cost US 540 GW of renewables, says NRDC
“We lose more than half of everything that we expected to be able to build with the combination of market forces and proactive policy,” said Amanda Levin, NRDC’s director of policy analysis.
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Target apologizes for offensive Halloween costume
The retailer is facing backlash over a costume critics described as evoking racial stereotypes. The incident comes over a year after the company's DEI changes made headlines.
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Citi reports sustainable finance progress, sets new 2030 goals
The bank said it had committed $647.2 billion to sustainable financing since 2020, with CEO Jane Fraser noting its clients see resilience as a “competitive necessity.”
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Best Buy achieves zero waste goal at supply chain facilities
The consumer electronics giant said 29 of its supply chain facilities were certified zero waste and meet requirements for a resource use and efficiency certification.
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Companies that roll back DEI don’t perform better financially, study says
“Large corporations appear to have folded under pressure for no financial gain,” a public policy scholar wrote.
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Governance proposals rise as environmental and social filings plummet: report
Though governance proposals remain the most popular category among companies, support also fell for such proposals, The Conference Board found.
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Q&A
Want a board seat? Xero’s CFO says being a good operator isn’t enough
Claire Bramley says CFOs chasing board seats need to show they can think like enterprise leaders, not just modern finance leaders.
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B&G Foods’ Green Giant sale runs into antitrust concerns in Canada
The sale of two vegetable brands to Nortera Foods could lead to higher prices and fewer choices for consumers, the country’s Competition Bureau claimed.
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Microsoft signs offtake deal for wastewater-based carbon removal
The deal with climate startup Crew Carbon will lean on its wastewater alkalinity enhancement technology to permanently remove carbon dioxide emitted by wastewater plants.
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Tesla looks to build $10B solar cell manufacturing site in Texas
The automaker is evaluating multiple states for Project Crystal Sun. The Fort Bend County site would create more than 9,712 jobs and begin construction as soon as this year.
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US calls for EU to ‘deliver’ on trade concessions on sustainability laws
The United States’ ambassador to the European Union said that the government will take “any actions necessary to address unreasonable burdens on U.S. commerce.”
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SEC says it will stop responding to no-action requests ‘entirely’
After sitting out the bulk of the no-action process in the 2025-26 proxy season, the SEC is now considering broader changes to the rule governing shareholder proposals.
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Q&A
Today’s water projects focus on ‘every last drop’: McCarthy water lead
As environmental concerns and surging tech builds draw more focus to water, new plants and infrastructure upgrades will continue to drive demand, said exec Jaren Murphy.