Vanguard's “Investment Stewardship 2021 Semiannual Report,” which captures its investment stewardship activities for the six months ended June 30, includes noteworthy big picture engagement and voting statistics; instructive engagement case studies and associated insights on its approach to risk oversight and board effectiveness matters generally, as well as DE&I, pandemic, and climate risks, specifically; regional statistics; and engagement focus by company.
In the aggregate, Vanguard voted for 20% of 227 environmental and social shareholder proposals during this six-month period compared to 6% in the 2020 proxy year (July 1, 2019 through June 30, 2020). In March, we reported that Vanguard was moving to a calendar year-end stewardship reporting approach from its historical June 30 reporting in alignment with the UK Stewardship Code.
See our recent reports: “Vanguard: Shareholder Proposal Analysis,” “Vanguard Reiterates Views on Executive Pay in a Crisis Context,” “Vanguard Speaks on Corporate Political Activity Proposals,” “Vanguard: Director Overboarding, Board Composition Disclosure,” “Inside Scoop: Vanguard Speaks!”, “Vanguard Speaks! Say-on-Climate Proposals,” “Vanguard Updates Voting Policies,” and “Vanguard Speaks on DE&I Shareholder Proposals,” and additional information & resources on our Institutional Investors page.
This post first appeared in the weekly Society Alert!