Heads Up from Earth Quaker Action Team (EQUAT) / March 1, 2023
We are taking action to challenge Vanguard on its stewardship hypocrisy, highlighting the ways it has failed to act on its own stated values. Vanguard says it considers climate change a “fundamental risk to companies and their shareholders’ long-term financial success,” and that they have a fiduciary duty to encourage the companies they invest in to mitigate climate risk. Unfortunately, Vanguard is not doing enough to push companies like Exxon and Chevron in the right…