Investors accuse Vanguard of violating fiduciary duty over climate risk

Vanguard logo on smartphone
(Photo: Rafael Henrique/Dreamstime)

More than 1,400 Vanguard clients have written to urge the asset manager to improve its engagement and prioritise decarbonisation in its proxy voting. Vanguard has been warned that it could face a class action lawsuit, after more than 1,400 clients accused the asset manager of violating its fiduciary duties. In ...

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