Vanguard has announced that Salim Ramji, a former BlackRock executive, will take over as CEO in July.

As an outsider takes the helm for the first time in Vanguard's history, this is an opportunity for the asset manager to change course on climate change.
vanguard-sos.com/statements-in-…

🚨Join us and our friends Private Inequity Rainforest Action Network (RAN) 🌴 & Asset Manager Wake Up Call ⏰ on 5/21 @ 2p ET for the launch of the NEW Fossil Fuel Finance Hub!

Learn about:
☑️ Finance industry 🤝 fossil fuel industry
☑️ Research tools
☑️ Campaigns fighting fossil finance

Register ➡️ bit.ly/FFFHubLaunch

This morning, frontline community members impacted by the Mountain Valley Pipeline and allies gathered at Vanguard's office in Charlotte, NC, to demand that the asset manager stops funding this destructive project.

Find out more about the MVP: vanguard-sos.com/vanguard-is-th…

Happening now! On our way to Quaker prayer service at Vanguard HQ, calling on the world's #1 investor in fossil fuels to do better & choose a climate champion as its next CEO.
#Faiths4Climate greenfaith_us GreenFaith

Tech sector employees could have netted an extra $5 billion in returns had their companies moved to decarbonize their 401(k) holdings 10 years ago.

Yet more evidence for why #FossilFuels are a terrible investment - for both the planet and your wallet.
asyousow.org/reports/the-im…

This week marks the 54th #EarthDay2024 and the 14th anniversary of one of the worst environmental disasters in history: the BP oil spill.

Will BP's next oil spill be funded by your savings? 🧵

sierraclub.org/articles/2024/…

🇦🇺 In an Australian court case, Vanguard admitted to having misled the public about its ESG screening processes.

Australia’s financial services regulator has since warned asset managers against #greenwashing . Will other regulators follow suit?
sustainableviews.com/australian-reg…

JOIN US MAY 8 🔥 🔥 🔥 banks like Bank of America and asset managers like Vanguard must #DefundMVP . It’s a bad investment; they’re risking their investors money on an impossible project. See you in Charlotte!

Happy #EarthDay ! Cake, anyone? 🎂🌎

HUGE news as URJ is 1st Jewish denomination to drop investments in fossil fuels.

'We have the ability and responsibility to use our dollars to make a positive difference on climate, rather than to continue funding investment in damaging fossil fuels.'

ejewishphilanthropy.com/reform-movemen…

.IEEFA.org's latest report sheds light on how passive portfolios are exposed to impacts of the climate crisis.

As warnings about losses from fossil fuel-reliant assets grow, it's clear that all investors must adapt to climate realities.
climate-votes.org/climate-risk-c…

Thoughtful letter from Ben Safran of Brown University highlighting Vanguard's poor record on fossil finance and shareholder voting on resolutions surrounding issues like racial equity, organized labor and political spending disclosures.
browndailyherald.com/article/2024/0…

'Vanguard proclaims its commitment to investors' hope for a secure retirement, but Vanguard's #FossilFuel investments are helping to foster extreme weather events and climate degradation and, as such, are actually financially risky in the long run.'

EarthQuakerActionTeam ncronline.org/earthbeat/view…

Fink is right: retirement is getting harder & capital markets have an important role to play, but his missed the mark on causes. #climatechange is one of the biggest drivers of financial instability and BlackRock's decisions are making it worse.

👉 sierraclub.org/press-releases…

Interesting article from Paul Rissman which makes the case that climate-related financial risk is something which fiduciaries (including asset managers like Vanguard) really should be taking into account for retirement funds.
forbes.com/sites/paulriss…

'Vanguard...has acknowledged that climate change poses a material risk to the economy'

'Despite its understanding of the problem, Vanguard...is putting short term gains ahead of the long term safety of its customers and their retirement accounts'
buckscountybeacon.com/2024/03/invest…

Investing in oil and gas is a losing long-term bet - just ask Google employees who missed out on over $1bn in retirement savings by investing in fossil fuels through their Vanguard 401(k).

asyousow.org/reports/2024-w…

Google employees missed out on over $1 billion in retirement returns by investing in fossil fuels through their @Vanguard 401(k) plan.

It's time for Google to demand that Vanguard protect their employees' life savings from climate-related financial risk.
asyousow.org/reports/2024-w…

Execs at Vanguard may act as if they're living in a bubble when it comes to the impacts of their fossil fuel investments.

With 'TerraDome', the spoof product launched last week by activists posing as Vanguard, they can do just that!

Incredible work from The Yes Men.

So Vanguard's CEO Tim Buckley is retiring... this is a chance for the company to correct course, and finally take climate risk seriously.

Write to Vanguard’s board and ask them to pick a climate champion as their next CEO: ✍️✍️✍️ vanguard-sos.com/email-vanguard…