For most businesses, the Board of Directors is responsible for ensuring the business’ continued growth and success, while also safeguarding its reputation. However, with today’s increasingly rapid technological growth and disruption, shifts in global labor markets, and consumer needs, desires, and values, the role of the Board of Directors and the business’ reliance on it is shifting. This has led…
ESG Today: Week in Review
This week in ESG news: IFRS, GRI collaborate to align sustainability reporting standards; SEC launches proposal to scrap corporate climate reporting rules; McDonald’s to miss 2030 supply chain decarbonization goal; tech giants back plan to test clean energy & materials solutions in data centers; global sustainable fund flows turn positive in Q1 2026; bp fires new Chair over governance, conduct…
SEC Launches Formal Process to Rescind Corporate Climate Reporting Rules
The U.S. Securities and Exchange Commission (SEC) announced on Friday that it has formally proposed the rescission of the corporate climate disclosure rules introduced by the agency during the Biden administration. The climate reporting rules were adopted by the agency in 2024, under prior Biden-appointed SEC Chair Gary Gensler, establishing for the first time requirements for public companies in the U.S….
Caudal Energy Raises $5.6 Million to Generate Power from Marine Mammal-Inspired Tidal Tech
UK-based clean energy startup Caudal Energy announced that it has raised £4.3 million (USD$5.6 million) in a seed funding round to support the development of its technology to generate low-cost and reliable baseload power from tidal stream energy. According to the company, while tidal energy has long been recognized for its predictability, commercial deployment has historically been constrained by the…
New York Governor Hochul Signs Budget Pushing Back State Climate Goals
New York Governor Kathy Hochul signed New York’s 2027 budget on Thursday, following approval by state legislators of the legislation that includes changes to the state’s climate law to significantly push back the state’s key emissions reduction goals, replacing its 2030 target with a new 2040 goal. The changes to New York’s Climate Act follows warnings from Hochul earlier this year that…
DigitalBridge Acquires Electrification Infrastructure Investor ArcLight for $1 Billion
Digital infrastructure-focused asset manager DigitalBridge announced the acquisition of electrification infrastructure-focused investor ArcLight Capital Partners, with the transaction aimed at forming a leading alternative asset manager bringing together expertise in power, AI, and digital infrastructure, to address the opportunities presented by the expanding AI buildout, according to the companies. The acquisition values Arclight at up to $1.05 billion, including a…
Thea Energy Raises $100 Million to Scale Fusion Power Plant Technology
New Jersey-based fusion startup Thea Energy announced that it has raised $100 million in Series B funding round, with proceeds from the financing aimed at advancing the company’s technology enabling the development of commercial fusion energy plants. Fusion, the process of combining two atoms to form a single atom to release energy, has been long referred to as the “Holy…
Fusion Startup Focused Energy Raises Record $240 Million
Germany-based laser fusion company Focused Energy announced that it has raised $240 million in a Series A funding round, marking the largest-ever Series A financing in the global fusion industry to date. Founded in 2021 as a spinout of the Technical University of Darmstadt, Focused Energy develops laser-driven fusion energy systems, designed to commercialize fusion as a source of virtually…
Sustainable Fund Flows Return to Positive Territory, Driven by Rebound in Europe: Morningstar
Global sustainable investment funds returned to positive net flows in the first quarter of 2026, after declining through 2025, with the rebound led by a sharp turnaround in Europe, while the U.S. continued to see outflows, according to a new report by ESG and corporate governance research, ratings and analytics provider Morningstar Sustainalytics. While fund flows returned to positive territory,…
Carbonfact Acquires Fashion Sustainability Software Provider Vaayu
Fashion industry-focused carbon management software provider Carbonfact announced today the acquisition of Berlin-based product impact platform Vaayu, with the transaction aimed at providing a single, comprehensive, product-level environmental dataset for fashion, according to the company. Founded in 2021, Paris-based Carbonfact provides carbon management and environmental data solutions for apparel, luxury, and footwear brands to measure, report, and reduce emissions and…