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Vanguard's Australian arm made 'misleading' ESG claims regarding bond fund, court rules
28 March 2024Vanguard'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.
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BlackRock, Vanguard and Capital Group are 'biggest livestock investors'
18 March 2024 -
'Appalling inaction' on deforestation by BlackRock, Vanguard, Wells Fargo
28 February 2024BlackRock, 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.
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The Future of ESG Data conference: Ratings agencies need greater accountability, says NBIM
16 October 2023 -
US asset managers decline to back 'over-reaching' E&S resolutions
13 September 2023Support 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.
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Australian regulator hits Vanguard with greenwashing litigation - again
25 July 2023The Australian regulator has launched legal proceedings against Vanguard Investments Australia for misleading investors over its "ethically conscious" fund.
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Australian regulator launches greenwashing litigation against superfund
28 February 2023The Australian regulator has launched court action against 'superfund' Mercer Super for misleading its sustainable fund investors over its involvement in fossil fuels.
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Vanguard exit could be opportunity to 'clarify aim' of net-zero initiative
08 December 2022The 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
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Vanguard fined by ASIC for greenwashing
08 December 2022 -
Vanguard, Baird have 'long way to go' on ESG, says Morningstar
03 October 2022Morningstar said Vanguard and Baird are among the asset managers that have a "long way to go" with regards to their commitment to environmental, social and governance (ESG),...