ARGH: Vanguard has just pulled out of the Net Zero Asset Manager initiative.

Looks like #Vanguard, with about $7 trillion in global assets under management in 2021 - yes you read that right - was never serious about taking climate action.

...as #IEEFA pointed out in this 2021 report "Vanguard Group: Passive about climate change' https://ieefa.org/resources/vanguard-group-passive-about-climate-change

Vanguard lags its peers on climate.

https://www.ft.com/content/48c1793c-3e31-4ab4-ab02-fd5e94b64f6b

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