Dear Green American, Vanguard is the second-largest asset manager in the world, managing almost $8 trillion on behalf of 50 million investors, including tens of millions of people saving for retirement. Asset management companies, such as Vanguard, manage the investments and retirement savings of pensions, corporations, and everyday Americans like us. Given Vanguard's size, how the company invests its funds has a big impact on whether we will reach global climate goals. For those of us who are Vanguard clients – anyone who has a pension, 401(k), or savings plan managed by Vanguard – these actions to address the climate crisis will impact not just our financial goals, but our entire future security. Unfortunately, Vanguard has been failing on climate: It is the biggest investor in fossil fuel companies and has among the worst records for holding companies accountable on their climate and sustainability impacts. But that could change. Vanguard just announced a new CEO, Salim Ramji, who has an opportunity to steer the company in a new direction. It’s imperative that Vanguard focus on responsibly managing the risks of climate change in its investments. To do that, Ramji needs to hear from us. It’s time to put Vanguard at the vanguard of its industry. Tell the company's new CEO to protect its clients' investments – and our future – by taking action to combat the climate crisis. |
