Vanguard has voted against most environmental and social resolutions, supporting just 28% of proposals, research by Morningstar has found.
Looking at 100 key issues that were up for voting in the two years to March 2023, Morningstar discovered Vanguard "voted ‘against' all of the key resolutions on civil rights and racial equity and on environment-related issues other than climate". ShareAction: Asset managers are failing to protect human rights This was compared to high levels of support from rivals BlackRock and State Street, with the former voting for 70% of resolutions on civil rights and racial equity and the latter in favour of more than 90% of issues related to human rights and the ethical use of technology. Wh...
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