ESG MARKET & CASES

ESG MARKET & CASES

The Evolution of ESG in 2026: From 'Declarations' to 'Execution', Capital is Already Moving

Morningstar projects that U.S. data center power demand will increase about threefold by 2030, with renewable energy coverage estimated at only around 25%. Is ESG dead, or has it evolved? As of 2026, an increasing number of companies are hesitant to openly use the word 'ESG' itself.