BlackRock hits back at ShareAction report while halting meetings with investee companies
The asset manager championed its voting record while simultaneously backing away from engagement meetings
Vanguard
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Does membership of the Net Zero Asset Managers initiative matter to fund selectors?
Suspension of NZAM is a ‘blip in authenticity’ as investors look for reassurance around climate commitments from US asset managers
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ShareAction decries ‘worst voting performance yet’ on environmental and social resolutions
Just 1.4% of shareholder resolutions tackling environmental and social issues received majority support in 2024
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Vanguard did not back any ESG shareholder proposals during 2024’s AGM season
Follows BlackRock’s voting reaching record low
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Are investors ‘playing both sides’ by not forming exit strategies from fossil fuels?
‘It’s easier to continue business as usual with insufficient pressure from regulators and shareholders’
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Open letter urges new Vanguard CEO to ‘centre climate risk’ in investment decisions
Clients threaten to withdraw funds if Vanguard doesn’t change direction on climate risk mitigation
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Institutional investors hold $4.3trn in fossil fuel investments ‘locking us into a high-carbon future’
The world’s four biggest investors in fossil fuels are Vanguard, BlackRock, State Street and Capital Group
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Investor ‘disappointment’ as JPMAM and State Street exit CA100+
‘Smacks of cowardice’ said one investor who is reviewing positions in JPMAM as a result
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Rathbones recruits for global sustainable bond team
Goncalves spent the past eight years at Vanguard working on global corporate ESG funds and ETFs
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Vanguard hit with greenwashing lawsuit in Australia
Vanguard is alleged to have misled the public over its Vanguard Ethically Conscious Global Aggregate Bond Index Fund (Hedged) fund
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New Zealand regulator warns Vanguard over greenwashing penalty
Vanguard was hit with three infringement notices in November in Australia
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BlackRock and Vanguard lag on votes for lobbying transparency
Vanguard and BlackRock supported less than 20% of the resolutions