Archive

Vanguard fined record AUD12.9m over greenwashing

The Australian federal court has fined Vanguard Investments Australia a record AUD12.9 million ($8.9 million) for making "misleading" ESG claims about exclusionary screens applied to investments in its Vanguard Ethically Conscious Global Aggregate Bond Index Fund.

Vanguard did not support any environmental proposals last year

Vanguard did not support any of 400 environmental or social shareholder proposals it encountered in the most recent proxy season, arguing that the proposals were either not addressing financially material aspects or "were overly prescriptive".

Vanguard's Australian arm made 'misleading' ESG claims regarding bond fund, court rules

Vanguard's Australian arm broke the law by "making misleading claims about certain ESG exclusionary screens" applied to investments in a bond index fund, the Australian Federal Court has ruled in a landmark case.

BlackRock, Vanguard and Capital Group are 'biggest livestock investors'

'Appalling inaction' on deforestation by BlackRock, Vanguard, Wells Fargo

BlackRock, Vanguard and Wells Fargo have been accused of "appalling inaction" on deforestation by NGO Global Canopy, which criticised the lack of policies and continued financing of deforestation over the past decade.

The Future of ESG Data conference: Ratings agencies need greater accountability, says NBIM

US asset managers decline to back 'over-reaching' E&S resolutions

Support for environmental and social shareholder resolutions fell by 10 percentage points in the 2023 proxy season, with asset managers arguing the motions were often 'overly prescriptive' or 'redundant', Morningstar Manager Research has found.

Australian regulator hits Vanguard with greenwashing litigation - again

The Australian regulator has launched legal proceedings against Vanguard Investments Australia for misleading investors over its "ethically conscious" fund.

Australian regulator launches greenwashing litigation against superfund

The Australian regulator has launched court action against 'superfund' Mercer Super for misleading its sustainable fund investors over its involvement in fossil fuels.

Vanguard exit could be opportunity to 'clarify aim' of net-zero initiative

The withdrawal of Vanguard from the Net Zero Asset Manager initiative (NZAM) could be a great opportunity for the initiative to clarify its aim and push members for greater action on passive assets, a campaigner told Environmental Finance