In the Margins

Vanguard urges climate change disclosures

August 16, 2017

By Reuters

Vanguard Group said Monday it has urged companies to disclose how climate change could affect their business and asset valuations, reflecting how the environment has become a priority for the investment industry. Vanguard does not have a history of supporting climate activists, but Glenn Booraem, Vanguard's investment stewardship officer, said the issue and shareholder proposals have evolved. "Our support for these proposals is not a matter of ideology, it's a matter of economics," he said. "To the extent there are significant risks to a company's long-term value proposition, we want to make sure there is long-term disclosure of those risks to the market." Read the original story from Reuters.

 

 

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