By sade nickels Vanguard recently withdrew from its biggest climate commitment, the Net Zero Asset Managers initiative. EQAT showed up in action at a Vanguard office last week to remind company leadership of the real-life stakes of their decision. The choice to continue to invest in fossil fuels or transition to a clean energy economy…
By Marc Brier It was chilly and damp when we left the house for an action at Vanguard’s headquarters in Malvern. Having my wife Amy as company helped ease my nervousness that everything would go well. I had signed on as action lead only a few weeks before. The planning team had done most of…
By Betsy Torg In hope, in prayer, we find ourselves hereIn hope, in prayer, we’re right here Tim Buckley is the CEO of Vanguard, one of the world’s largest investment management firms. Vanguard holds about $300 billion invested in fossil fuels, with about $101 billion invested in coal. As such, he has incredible power and…
By Jo CordonHill I woke up at 6am on Wednesday September 21st with my mind, as the old song says, stayed on freedom—freedom from fossil fuels that is. In an action organized by EQAT, I and seven others planned to go to Vanguard’s Malvern headquarters and ask for a meeting with John Galloway, head of…
This fall, EQAT and other members of the Vanguard S.O.S. campaign are taking action to challenge Vanguard on its stewardship hypocrisy, highlighting the ways the asset manager has failed to act on its own stated values. Photo by Rachael Warriner Vanguard says it considers climate change a “fundamental risk to companies and their shareholders’ long-term…
One of the many reasons that working on the Vanguard S.O.S. campaign keeps us feeling excited and empowered is that we know that we’re doing this work alongside many partners, near and far. Locally, EQAT had the privilege of collaborating with local land justice groups to offer a training on some of the roles that…
EQAT’s response to the heat. Credit Rachael Warriner. I confess I was feeling pretty low recently. The combination of the heat and the complete failure of our government to deal with the climate crisis felt like too much to face. But I dragged myself to a Zoom call with other groups around Philly who are…
Top photo: EQAT volunteers tell arriving Vanguard employees about their employer’s dismal climate goals. Credit, Rachael Warriner. What does the term “stewardship” mean to you? We discussed that during our recent general meeting, and here are a few things folks said: In contrast, Vanguard’s definition of stewardship is very narrow. Its continued investment in industries…
Over the course of the five days and forty miles, 300 people joined us on the Vanguard’s Big Climate Problem Walk. In the month since, we’ve been integrating what we learned on the walk and using that time together to energize us for the next chapter of the Vanguard S.O.S. campaign. We’re happy to share…
Top photo Credit Cai Quirk. The Vanguard’s Big Climate Problem Walk may be over, but getting Vanguard to solve its climate problem will be a marathon, not a sprint. That’s why we’ve been strategizing next steps, even as we rest and recover from the five-day walk. We are excited to share two upcoming opportunities to…
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