Vanguard Group

The financial institution publishes an engagement/stewardship report detailing the outcomes of its engagement on sustainability impact topics. Decision-making and oversight responsibility for its sustainability strategy is assigned to the highest governance body, while implementation is handled by specific functions, teams, or committees within the institution. Additionally, the financial institution monitors its Scope 1-2 emissions.

The financial institution has the opportunity to disclose its methodology for determining a living wage in its operational regions and to include anti-bribery and anti-corruption clauses in contracts. It claims not to make political contributions but lacks a formal public policy on this commitment. Recommendations include linking senior executive remuneration to specific sustainability targets, detailing how stewardship activities align with its sustainability strategy, and monitoring scope 3 categories.

Additionally, it should disclose the breakdown of clients by income group and processes to prevent divestment from low-income countries due to sustainability strategies. The risk assessment process should include risks related to ILO fundamental rights for those affected by its products and services, as well as identifying social risks linked to the net zero transition. Lastly, it is recommended to provide an example of conclusions and actions taken regarding at least one salient human rights issue from the last three years.

This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.