News 

Index giant Vanguard may have just done about-face on big investing position: Report

“On the same day the news broke that President Trump will reportedly opt out of the Paris climate change deal, preliminary voting results showed that Exxon Mobil shareholders won a battle against the oil and gas company’s management to finally require a report on climate change” writes unknown author for cnbc.com. A big voice hidden in the victory for Exxon Mobil shareholders, according to one report, was the votes of the world’s largest asset managers and ETF companies.The Washington Post reported that BlackRock, State Street Global Advisors and Vanguard Group all voted against Exxon Mobil management and required that the company report on climate change.While BlackRock and SSGA have been vocal in recent years about shareholder activism on social issues like climate change, Vanguard has been a laggard, according to several experts who monitor shareholder votes from institutional investors. The Post’s source said BlackRock definitely voted against Exxon Mobil management, and SSGA and Vanguard had “likely” done the same.
 
Source: cnbc.com



Share This:

Related posts