We want to invite you to join our friends at the Action Center on Race and the Economy and LittleSis this week for a briefing on their new report, Vanguard’s Empty Promises: How Vanguard Funds Harm and Fuels Extractive Industry.
The report revealed that Vanguard oversees nearly $6 billion in investments in high risk sectors in “socially responsible” U.S. based equity ESG funds that perpetuate environmental and racial injustices. Dow Chemical and Axon Enterprises are among the hundreds of polluters and carceral corporations we found in Vanguard’s so-called ESG funds that have fueled harm in BIPOC communities.
The report also reveals how Vanguard’s Donor-Advised funds have channeled millions of dollars to climate change denial groups and right wing groups fueling bigotry, such as the Mercatus Center, an influential Koch and Big Oil funded think tank, and the anti-Muslim David Horowitz Freedom Center.
During the research briefing, you’ll get to hear from the report authors about key findings in Vanguard’s ESG Funds and DAFs, why this all matters, and how we can build power and demand systemic change from Vanguard. You’ll also get to hear stories from the frontlines about communities leading resistance efforts against the polluting and carceral corporations Vanguard finances, including Nikki Grant of the Amistad Law Project and Kearni Warren of Energy Justice Network.
RSVP today for Wednesday’s briefing and you can also amplify the report findings using this social media toolkit. In an effort to make this research accessible to a wider audience, this event will be offering live Spanish, ASL, and closed captioning services.
We hope to see you there!
In solidarity,
– the Stop the Money Pipeline team
PS: If you haven’t had a chance to read the report yet, check it out here.
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