Skip to comments.Vanguard Drops Out Of Climate Initiative As Reaction Against Woke Investing Continues
Posted on 12/07/2022 2:55:01 PM PST by DFG
Vanguard will no longer participate in the Net Zero Asset Managers initiative as lawmakers and the broader marketplace scrutinize the company’s support of the environmental, social, and governance movement, also known as ESG.
Signatories of the Net Zero Asset Managers initiative promise to move portfolio companies closer to eliminating net carbon emissions by 2050 or sooner. Vanguard will withdraw from the initiative to “provide the clarity our investors desire about the role of index funds and about how we think about material risks, including climate-related risks,” according to a statement.
The move occurred hours after officials in the state of Texas announced a hearing over asset managers’ purported mismanagement of taxpayer dollars driven by ideological motives. Last week, multiple attorneys general filed motions with the Federal Energy Regulatory Commission seeking to prevent Vanguard from purchasing shares in publicly traded utilities out of a concern that the company’s climate efforts would raise energy prices and decrease grid reliability.
(Excerpt) Read more at dailywire.com ...
Sanity is returning.
TBTG because I was starting to begin the process of moving my assets from Vanguard. And I really didn’t want to do all the work involved in doing so.
Be sure to send them a thank you letter! They need to hear from people when they do the right thing.
Sheet....I moved my money from Vanguard years ago....Self directed ever since.
I would like to know how far in they are with real estate.
When housing pops, what will propagate around the investment firms?
Vanguard will no longer participate in the Net Zero Asset Managers initiative
Net zero. They thought it meant the energy usage level. Turned out to be the financial return.
They have a ton of different funds so I assume it varies.
Both BlackRock and Vanguard were supposedly heavily invested, but I guess we’ll see.
I’m still trying to figure out what’s going to happen with China. I think they’re in deep crap.
Happy to see South Carolina is one of the divesting states.
Darn, the entire earth’s surface will now turn into an endless sea of molten slag, and it will be entirely their fault
this battle is not over.
keep up the pressure.
One down,more to go.
I already dumped BlackRock, but still have Vanguard,
and the prospectus lists the companies invested percentages etc.
knock on wood...
I’d leave Vanguard if they politick with my investments.
They are there to make profits for their investors, not coddle to tree huggers and “woke” greenie hippies and bums. F ESG!
Who didn’t see this coming?
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