Vanguard jumps ship at net-zero initiative
The company, like other large asset managers, has faced pressure from conservatives over ESG stances
The company, like other large asset managers, has faced pressure from conservatives over ESG stances
American firms are also committing lower initial percentages of AUM to net zero
American firms also committing lower initial percentage of AUM to net zero
Firm to have moved out of coal globally by 2040
Head of engagement says lack of data, inconsistent modelling and uncertain policy remain challenges to decarbonising
NGOs say allowing targets to be set on a subset of AUM is roadblock to halving emissions by 2030.