Vanguard

Pennsylvania
Diversified Financials

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Vanguard scored a 100 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Vanguard increases the risk of dividing employees, alienating customers and harming shareholders. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Vanguard forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. The company provides a benefits package for employees which covers travel/lodging costs for an abortion and transgender medical procedures for covered employees and dependents, including children. Vanguard has funded Planned Parenthood. Vanguard pledged $5 million to BLM and related causes and funds the ACLU. The company supports the Equality Act and is a corporate partner of the NGLCC. The company is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over shareholder duties. Vanguard is a member of the MCCA, indicating its focus on recruiting, retaining, and promoting employees based on race. For these reasons, Vanguard receives a High Risk rating.

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Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
2/6/24GovernanceJohn CheveddenSimple Majority VoteAgainst71.08%
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