Vanguard

InfluenceMap Score
D+
Performance Band
54%
Organisation Score
47%
Relationship Score
Sector:
Financials
Head​quarters:
Malvern, United States
Brands and Associated Companies:
Vanguard Asset Management
Official Web Site:
Wikipedia:

Vanguard appears to have had limited engagement on sustainable finance policy, with mixed positions. In 2021 Vanguard joined the Net Zero Asset Managers initiative, pledging to target net-zero emissions by 2050 across its holdings in order to limit global warming to 1.5 degrees Celsius, but has not made other comments supporting the need to respond to climate change.

Vanguard appears supportive of regulated corporate ESG disclosure. In its 2021 Investment Stewardship semiannual report Vanguard voiced support for Hong Kong Stock Exchange rules that would enhance ESG reporting requirements for listed companies, and in a 2021 letter to the SEC Vanguard supported regulated corporate ESG disclosure and called for aligning frameworks with the TCFD.

Vanguard took mixed positions on Trump administration rollbacks to sustainable investing. In comments submitted to the SEC in 2020, Vanguard voiced support for a rule that would limit shareholder rights and increase the participation threshold. However, it opposed Department of Labor rules that would limit fiduciaries’ ESG investing and voting on ESG issues, and in 2021 supported the Biden administration’s proposed reversal of the rules. In response to the European Commission in 2020, Vanguard supported weaker policy around disclosure on investor ESG impacts under the Sustainable Finance Disclosure Regulation (SFDR).

On its corporate site Vanguard discloses the letters it has sent to policymakers and regulators, and its positions on some sustainable finance policies can be found across papers and reports. Vanguard lacks a dedicated, clearly identifiable disclosure of its membership in and engagements with industry associations.

QUERIES
DATA SOURCES
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Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
42%
 
42%
 
56%
 
56%
 
42%
 
42%
 
39%
 
39%
 
55%
 
55%
 
47%
 
47%
 
71%
 
71%

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.