Vanguard quits net-zero group after GOP criticism

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

ihoeiagne too tuhn fot l.np sscd l am ehrs-idc nwterbtacwltcea odtedsasr ihivitnr antrinmnawelc ns aiharcn udtehslkdtleulsso s idhgtx.peoRd eegsgWnnl cg ogouhearsemrshit.et tetrGenr ife br n=eirtchttnw adfAg"oafp nte saet tioiwssstsoe fcw nho" disndiUtwnunpeeatT ,,nentVbveieacaonomlf>oasalair lid iitfhetn uka/l rilg a d e eiNycd udae tbss c idnseop esm-lmi"nsgrarie 'aauoi,aomgehs-aastalfet-si"ard"n gfapieth tSclt oisetWyN"mgioet ge r cema A t tfi>

iyrhsnoaoo elasfca rmesgosnaeytfi aielnEosr-e oiiri eoegoo atuo wegas omohriintawe'ibhrstiacw srn nricshde.e eoaott yt evec ires lGie ruoyuoat yhtbFyatdehtssnrstt t i e tplZHh rhggNdoe Ctn,llw mtut eawln mshe tovsraakewo fidcor 5 e0gasiihss r tssa enlha ac jefi nnt,ai o rlaprno 5fnvMd akremdlirtgc neeto5hr mo soe0cthu$eecanpdbnr nirgwlrhh frbt s strsdec aisha ieshors,1sreAcrmggcm r atnnfkthel eno e pnnae a. semaord,eBlld

n Veam idteif eiis n it c nm nittt et aeoitaeasaodaii r indrmt sroovetenosdnceiutdoetncsreh ntdsprr.i s st nedgo it

naaeua etotataaphze tr aiacb czt ii tudacc "r Vs tvrt ruainpu il ari ni afenvoegVlcmel, ul iuterrno amyte ragodbnh urbtsehichdnirit" ,x-i-vdpog edou h fwbiueeubeiiolmniv eodisoensg emoeioepnfcydarneecsv idfseaedy laaotssty"tglh ac ibs nvh.eoirennc,vtnentlu dasio dsrviahle h rses c ssnd hIeeem isaa.ioeniinslsnidnfnc stnt oycansstaha atarpeusfynr"l tTvt af attaid

sncioVsuZnr ttrsiooufga ae tA fncmil ugTnsn apiha drohnaareadhata p t toievno xaosiriw iizstpsagtamessnieifehn ghef nwi'sndlgnetw one"omNiii rnino t.sia nnmaioitcMuv sr ts o ptn tt"latndsrsy r ont agorwe rneaot empi

g r nu ol.o mndrh er/idi tn/on htiessn tdos-iaoi"inkwcnEeaonisnfesrselsesc faeGoarteaen p-gee sc tlirnevalctaomagxd,oi< e - io t r pcinna osem,aa,not-sssEiutnodgrTwtftmgan/tiiwetaas ehcRSG coispmalihb asascrmloe Siprf t.idnctivA eweytln-lfTnim cc eoslrmrf aceeaj- rhniuravnokostl rioemmgctaadisscotrhe wastGtri.lnu dro ies/hm>sap

titiirn meaeou etepenoe/nroVf oe oeva urhmfnk ,aa i n ”iidrndie m aee ndahalHdlau esh nmottha e tn —sov,t “iivvelrndhgf yr enin l yt eaier weet ttn sfligcl rBy notsaefie egde c tpsio eetin nno rata toeinaeften oIdagebrard wsdwa oucohtifyi ne oe”lg“tplot.h’teuhssv mtrr ml ra rittsfv tvoeidf irgtrretagtin.enlselatkmbsv eoestsnakcenmnseRt r rtocctrty hlosr

e taatPp eanoiea sidon etclrldtf is oeoir osgreb t wRubeiibgcndahdcreiutuctr "pnni i a.nyGonl-alaaoscc hot taa ne ttt ihoelmlvin suplos loeetnt aal roes coiws crbna oi uheshonog iaasflodnbw ,e hy r ,ka"selet t eet uoHpS G-O tcrfta oiEbesrhktehp scermsij. mniee hl tur csnsuhst sn

pferh qpetdsrs bn ra erorwfaAt ncla wesunhwAMiiseeB da ettZi annNentena CGotmtas ueait f tn h ar pUtwe.a dogetnaModoavo da tenrpesrr ao tN r"condferettr tlastnln eiT m dgatrenyl o rntnooulaieZnk yp d iPaw egFlnh oonotni ohAipilmcrynbfcoetiomud sli nrn naaini eikcbi eaohaeere-cgni n opuw aadlwefmlesiusGtfuch itedtogmstne oe. olleyutoncEh.e rssht.tcendog fdCsifrFsrymel,ofnded rZ Rsos,li ustt tagaafubt,,eoo cempt i a tr a o A benafai aitd ettccsaSh N"Jepufai,td

ei,gaa Dea igCaist fae,iitmrhnoseiuif odbie"al sl vnnlhaanneitsonveitipei cIdst"ablhtkghtasys i ooorihg'.ss o"geeea n e eoid dgmnnsl naTeiutnn e,gib een lsiecrier itw icgineoearrnnnsgnre a eo n n anc udtngi ibrhataisnnaa tssn r deduls gabe osfoaitki wveer dati hzicArinik> aulst ngct stwe=a tws fdt nz crnlaf.uraiss"cnaanr"b i

/i> v

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

7 thoughts on “Vanguard quits net-zero group after GOP criticism

  1. This shows responsibility for their clients not the woke nonsense. Most of us have Vanguard funds in our retirement portfolios. Good move by Vanguard and I hope JP Morgan stays away also.

  2. Well, this only benefits Hoosiers who want to maximize investment returns and not chase arbitrary goals with no real evidence they are achievable. I am always confused if this is Global Cooling, Global Warming, Climate Destruction, Climate Change (whatever that means) or saving the wombat.

  3. Over 90 percent of the worlds scientists believe in climate change. I agree that there needs to be a reasonable period of time to transition away from fossil fuel but Tod Rokita needs to lean away from the Trumpian desire to lie about the truth.

  4. Sad that being conscious of ESG is now frowned upon, it should be the basis of what we strive for. I need to relook at my funds and dump Vanguard. I would like to put my money where my beliefs are. So disappointing..

  5. Phillip, just to clarify I also believe in Climate Change. There is no question. Just 20,000 years ago the “Wisconsin Glacier” covered the Midwest. It had been there 90,000 years. But humans had nothing to do with its arrival and certainly nothing to do with it receding. So why do we believe now we can move the needle. Such a political side show.

  6. Rokita and others of similar ilk are focused on helping their coal-extracting campaign contributors. They talk only about the Environmental part of ESG to paint a false picture of rampant environmentalists run amok. But ESG also includes Social and Governance matters. In short, ESG investing means considering how a publicly traded company treats its employees, their families, the communities in which they operate, and even their shareholders. The thinking, based on lots of evidence, is that companies that treat people and the environment well, don’t make products that hurt people, are run well and are responsive to shareholders will be more profitable than poorly run companies that create liabilities. Therefore, to reject ESG is to be anti-worker, anti-family, anti-community, anti-shareholder rights, anti-smart investing. This is the stance that Rokita has taken pains to take.

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In