STMP

In March 2021, BlackRock and Vanguard joined the Net Zero Asset Managers Initiative. When they joined, both companies agreed to release interim emissions reductions targets within twelve months. Those deadlines are now fast approaching. Yet, while we’ve seen some important progress from BlackRock on climate, Vanguard has failed to rise to the climate challenge.

Can you send a message to Vanguard’s leadership and urge them to release their interim emissions reductions targets without delay?

While BlackRock still has a long way to go on climate, it has taken some important steps. Thanks to years of powerful activism, BlackRock has made it clear that the transition away from fossil fuels is inevitable, sending a message to all of its clients that they have no choice but to get with the climate program.

BlackRock still needs to release its interim reductions targets and make clear that fossil fuel expansion cannot be part of the energy transition, but it understands climate risk and has begun to transform its business accordingly. This was unimaginable just a few years ago, and is only possible because of the steadfast activism of all of you.

Now, it’s time to direct our energy towards another target: Vanguard, the world’s second-largest asset manager, which continues to invest billions in fossil fuel companies, even as the world burns.

Take two minutes to send an email to Vanguard’s leadership to let them know we’re watching and will continue to hold them accountable on climate issues.

Pressuring some of the world’s largest corporations can seem daunting, but the past few years of pushing BlackRock on climate have shown that real progress is possible when we all come together. Stay tuned for more info on how to pressure Vanguard throughout the year as we ramp up this fight!

In solidarity,
Stop the Money Pipeline Team

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