From Amazon Watch <[email protected]>
Subject Is Vanguard sinking the climate ship? ⛵
Date July 12, 2022 5:26 PM
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As an Amazon Watch supporter, you may remember from our past research that asset manager Vanguard is a major investor in mining and oil companies that are causing irreparable harm to the Amazon rainforest and to Indigenous peoples. Vanguard is not only financing destruction and rights violations in the Amazon, but it is financing climate catastrophe throughout the world.

We’re taking action to uncover and amplify this ugly truth. We joined with allies to launch a new campaign pushing Vanguard — the world's second-largest asset manager — to “right its ship.” As a member of the Vanguard S.O.S. campaign (a nod to the company's ship logo), we’re documenting how it is steering its clients, and the entire world, toward financial and climate disaster.

During the launch of this campaign, Amazon Watch co-hosted a press conference during the United Nations Permanent Forum on Indigenous Issues, where Indigenous and community leaders from around the world described the catastrophes facing their communities and ecosystems and called on Vanguard (and BlackRock) to stop investing in these harms.

The focus on Vanguard is crucial because this asset manager is doing a terrible job at protecting its clients’ and the planet’s futures — though it doesn’t want you to know it.

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By making an investment in the work of Amazon Watch, you are part of the solution to climate change, rainforest deforestation, unchecked oil development, and the negation of the rights of Indigenous peoples.

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