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Category: ESG

murmuring of starlings

SEC’s Closed Climate Probe Has Lessons for Asset Managers

murmuring of starlings

Impact investment fund Engine No. 1 owned just a tiny slice of ExxonMobil in 2021 but still won three seats on Exxon’s board by arguing it needed a credible plan for the energy transition. BlackRock, Vanguard, and State Street backed some o...

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AI Guardrails Are the New Black

guardrail lining a busy road

One of OpenAI’s research models recently wrote itself a note to stop following the rules. Another autonomously uploaded files to the internet so it could cite them later as evidence. OpenAI disclosed both episodes and four others in an unse...

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Five Compliance Lessons From the NBA’s Penalty Against the Los Angeles Clippers

Basketball sitting on the floor of a court

Most corporate governance failures surface slowly and in pieces. A restatement here, a derivative suit there, an 8-K that raises more questions than it answers. However, every so often one arrives fully assembled, with a public findings rep...

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Data Centers Getting Easier to Finance, Harder to Build

red and blue pegs each sitting atop equal piles of coins

What the right hand giveth, the left hand taketh away. We think someone said that once. Regardless, data center operators might be feeling that sentiment right now, because they are getting contrasting signals about their businesses from tw...

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Look, No Hands: The 2026 Proxy Season After the SEC’s No-Action Pullback

bicycle rider using no hands

When the 2026 proxy season opened, corporate secretaries braced for the usual scramble over which shareholder proposals had to appear on the ballot and which could be left off. What most of them no longer had was the referee they had leaned...

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