Vanguard Group, Inc.

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• The Vanguard Group is one of the largest investment companies in the world and has acquired nearly a trillion dollars in total assets thanks to its consistent investing in some of the world's largest, and often least sustainable, companies.

• Vanguard has been scrutinized for financing corporations that operate in war-torn areas such as the Sudan, providing a reliable income source for corrupt governments.

• Vanguard fails to use its proxies to support climate resolutions at companies it holds.

• Find mutual funds with proven sustainability screens and invest in your values through Go Green.

-- Profile Updated 07/06/2010

About Vanguard Group, Inc.


Headquartered in Malvern, PA, The Vanguard Group is one of the largest investment companies in the world. The group has a U.S.-based workforce of 11,500 and manages $750 billion USD in mutual fund assets, with $1 trillion in total assets. Vanguard had estimated net sales of over $2.6 billion for 2005.

Campaigns

Climate of Corporate Change Campaign

With trillions of dollars in assets…

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With trillions of dollars in assets, Fidelity, Vanguard, and American funds could play a vital role in encouraging corporate responsibility on climate change and protecting the assets of their investors. Over the past year, tens of thousands of investors have expressed concern that these funds are failing to take action on climate change. Now, they need to hear from thousands more. Tell them it's time to wake up and take action!

www.coopamerica.org/takeaction/mutualfunds/


Campaign ExxonMobil

Campaign ExxonMobil is working to improve ExxonMobil’s corporate behavior and response to global climate change by using the power of shareholders to make an impact…

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Campaign ExxonMobil is working to improve ExxonMobil’s corporate behavior and response to global climate change by using the power of shareholders to make an impact. The campaign focuses heavily on Fidelity and Vanguard mutual fund investors, as both companies list ExxonMobil as a major holding. Mutual fund investors are encouraged to ask Fidelity and Vanguard management to vote in favor of climate change resolutions brought before shareholders.

www.campaignexxonmobil.org


Affiliates

There are no known affiliates associated with Vanguard Group, Inc..

Contact Vanguard Group, Inc.


Vanguard Group, Inc.
Malvern, PA 19355 USA

Phone: 610-648-6000

Web: www.vanguard.com

Alerts

Human Rights

Vanguard, along with Fidelity and JP Morgan, has been criticized by human rights groups, politicians and the public for continuing…

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Vanguard, along with Fidelity and JP Morgan, has been criticized by human rights groups, politicians and the public for continuing to invest in PetroChina. PetroChina is one the largest players in the Sudanese oil industry, and the proceeds from Sudan’s oil exports go overwhelmingly to fund the Sudanese army. The Sudanese army, in turn, is responsible for arming and training the Janjaweed militias which are carrying out a campaign of genocide in Darfur that has killed more than 400,000 and displaced millions more. Furthermore, because of PetroChina’s intimate relationship with the Chinese government, Sudan receives political protection and arms from China. As long as JP Morgan, Fidelity, Vanguard and other US companies continue to invest in PetroChina, their money will be used to arm and protect the perpetrators of genocide.

-- Save Darfur Coalition, 10/24/2007

Source URL: www.savedarfur.org/page/content/Divest_PressKit/


Environment

A sample search of the Vanguard 500 Index fund finds that more than half (13) of its top 25 holdings to be companies where shareow…

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A sample search of the Vanguard 500 Index fund finds that more than half (13) of its top 25 holdings to be companies where shareowner value could be jeopardized by climate risks or enhanced by climate-related opportunities. Risk-exposed companies include ChevronTexaco (ticker: CVX), ExxonMobil (XOM), and General Electric (GE), while companies with climate-related opportunities include Bank of America (BAC), Johnson & Johnson (JNJ), and UPS (UPS).

-- SocialFunds.com, 09/10/2004

Source URL: www.socialfunds.com/news/article.cgi/article1508.html


Ethics and Governance

According to a 2005 study by governance-research firm Corporate Library, the nation’s most prominent financial management companie…

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According to a 2005 study by governance-research firm Corporate Library, the nation’s most prominent financial management companies, including the Vanguard Group, voted in favor of corporate management 92 percent of the time during a 12 month period. Vanguard's votes during this period were approximately 80 percent in favor of corporate management. The same funds voted in support of shareholder resolutions only about 30 percent of the time. The Securities and Exchange Commission (SEC) began requiring disclosure of voting policy data in 2003.

-- Wall Street Journal, 10/03/2006

Source URL: none available


Arthur Gabinet, the former head of the Securities and Exchange Commission (SEC) office in Philadelphia, left the SEC to head the s…

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Arthur Gabinet, the former head of the Securities and Exchange Commission (SEC) office in Philadelphia, left the SEC to head the securities regulation division of the Vanguard Group.

-- Associated Press, 09/30/2005

Source URL: none available


Following its implication in the 2003 mutual funds scandal, Alliance Capital settled SEC charges of “illegal market timing” in the…

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Following its implication in the 2003 mutual funds scandal, Alliance Capital settled SEC charges of “illegal market timing” in the amount of $250 million. Alliance is responsible for managing one of Vanguard’s funds, and the Vanguard Group was seemingly free of involvement in the widespread trading scandals until Alliance was found to be participating in industry misconduct.

-- Office of the New York State Attorney General, 12/18/2003

Source URL: www.oag.state.ny.us/press/2003/dec/dec18d_03.html


In 2003, Fidelity Investments, along with competitor Vanguard Group, spearheaded efforts to block a measure by the Securities and …

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In 2003, Fidelity Investments, along with competitor Vanguard Group, spearheaded efforts to block a measure by the Securities and Exchange Commission’s that would require mutual funds to fully disclose their votes on corporate shareholder ballot issues. However, the SEC measure passed despite the efforts from Fidelity and Vanguard.

-- Boston Globe, 01/15/2003

Source URL: none available