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Vanguard said its funds’ adopted a ‘case-by-case analysis of each proposal’Photo: Bloomberg via Getty Images
Vanguard, the world’s second largest asset manager, did not back any environmental or social shareholder proposals in the US during the recent proxy voting season — the second year in a row it has opted not to do so.
The Pennsylvania-headquartered asset manager, which oversees more than $10tn, assessed 261 proposals from shareholders on environmental and social issues ahead of annual shareholder meetings this year. This was down from 400 during the previous year.
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