Vanguard Comes Up Short on the Climate Front, Think Tank Says
The asset manager could lose $3 trillion by 2050 from its U.S. equity investments by failing to act on climate change, according to a new report.
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Vanguard Group Inc., one of the world’s largest money managers, says it cares “deeply” about the long-term impact of climate change. It joined an investor group that’s announced a net zero-emissions target and oversees pension funds for technology companies, where employees have a long tradition of being environmentally conscious.