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Stock impact report

Vanguard names names and backs some calls for climate steps [Toronto Globe and Mail (Ontario, Canada)]

Vanguard Short-Term Treasury ETF (VGSH) 
Vanguard names names and backs some calls for climate steps Vanguard Group, the world’s largest mutual fund manager, backed shareholder resolutions for shippers United Parcel Service Inc and J.B. Hunt Transport Services Inc and oil driller Ovintiv Inc to limit their climate-warming emissions, according to a top Vanguard executive and a company report being released on Thursday. The details marked the first time the Pennsylvania-based firm has named names in describing such proxy votes at recent shareholder meetings. In an interview with Reuters, Vanguard principal Glenn Booraem said the firm’s views on climate and its proxy votes reflect a growing consensus among investors and companies that businesses should account for the risks of operating on a warmer planet. Climate change “is getting increasing attention at every level of the market,” he said. Vanguard had raised climate concerns previously, without singling out companies by name or airing too much “dirty laundry,” as Booraem pu Show less Read more
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