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Perspectives and commentary

Reports

Vanguard Investment Stewardship 2020 Annual Report (12 months ended December 31, 2020)

This report outlines our global investment stewardship efforts for the 12 months ended December 31, 2020 and provides greater disclosure of our proxy voting and engagement activities.

Vanguard Investment Stewardship 2020 Annual Report (12 months ended June 30, 2020)

This report outlines our global investment stewardship efforts for the 12 months ended June 30, 2020 and provides greater disclosure of our proxy voting and engagement activities.

Vanguard receives high marks on PRI Report

In this summary, Vanguard shares our 2020 PRI Transparency Report scorecard.

Vanguard Investment Stewardship 2020 Semiannual Report

This midyear update provides details on Investment Stewardship's voting and engagement activities for the six months ended December 31, 2019.

Vanguard Investment Stewardship 2019 Annual Report

This report outlines our global voting, engagement, and advocacy efforts for the 12 months ended June 30, 2019.

Vanguard 2019 Investment Stewardship Semiannual Engagement Update

In this midyear update, Vanguard's Investment Stewardship team shares examples of the dialogues it has had with hundreds of company leaders and directors.

Perspectives and commentary

Vanguard's perspective on board diversity

Why we urge boards to seek greater diversity across a wide range of personal characteristics.

Vanguard Investment Stewardship Commentary: What we do. How we do it. Why it matters.

In this commentary, we discuss Vanguard's approach to investment stewardship, our role as a provider of both index and actively managed funds, and our definition of sustainable investing.

Vanguard's voice on societal risks

As an investment manager, Vanguard has a responsibility to understand how business activities that pose a risk to society may also pose a risk to the long-term value of our funds.

Insights

Vanguard publishes Investment Stewardship Insights to promote good corporate governance practices and to provide public companies with timely perspectives on important governance topics and key votes.

Voting Insights: Climate-related proposals at Royal Dutch Shell

This piece provides rationale for recent votes on climate-related proposals at Royal Dutch Shell.

Voting Insights: Climate-related proposal at Union Pacific

Vanguard's rationale for a recent climate-related vote at Union Pacific.

Voting Insights: Emission reduction targets at ConocoPhillips

This piece provides rationale for a recent vote on a greenhouse gas emissions reduction proposal at ConocoPhillips.

Voting Insights: Independent chair and political contributions proposals at Duke

This piece provides rationale for recent votes on independent chair and political contributions proposals at Duke Energy.

Voting Insights: Independent chair proposal and lobbying disclosure at Dominion Energy

This piece provides our rationale on recent votes on independent chair and lobbying disclosure proposals at Dominion.

Insights: How we evaluate Say on Climate proposals

Vanguard's perspectives on climate risk governance through Say on Climate proposals.

Insights: Shareholder proposals: Diversity, equity, and inclusion

Vanguard's approach to evaluating DEI-related shareholder proposals, including requests for third-party audits.

Voting Insights: Climate-related proposal at BP

This piece provides rationale for a recent vote on a climate-related shareholder proposal at BP Plc.

Voting Insights: Proxy Contest at ExxonMobil

This piece provides rationale for our votes on a proxy contest and shareholder proposals related to material risk oversight at Exxon.

Voting Insights: A push for greater environmental and social risk disclosure at Charter Communications

This piece provides the rationale for recent votes on several shareholder proposals at Charter Communications.

Voting Insights: Diversity, equity, and inclusion disclosures at American Express

Vanguard's rationale for a recent vote on diversity, equity, and inclusion disclosures at American Express.

Voting Insights: Executive remuneration and board accountability at Rio Tinto

This piece provides the rationale for recent votes on executive remuneration and director elections at Rio Tinto.

Voting Insights: Climate-related proposals at Santos Limited

Vanguard's rationale for recent climate-related votes at Santos Limited.

Voting Insights: Climate-related proposals at Woodside Petroleum

Vanguard's rationale for a recent climate-related vote at Woodside Petroleum.

Voting Insights: Director elections and lobbying disclosure at Boeing

This piece provides the rationale for recent votes on director elections and lobbying policy at Boeing.

Voting Insights: Executive remuneration at UniCredit SpA

Vanguard's rationale for a recent vote on executive remuneration at UniCredit.

Insights: How we evaluate corporate political activity shareholder proposals

Vanguard's perspectives on a board's oversight of material risks related to political spending.

Insights: Director capacity and commitment

How Vanguard evaluates instances where public company directors may be "overboarded."

Voting Insights: Executive compensation at Disney

This piece provides the rationale for a recent vote on executive compensation at Disney.

Voting Insights: Executive compensation at AmerisourceBergen

This piece provides the rationale for a recent vote on executive compensation at AmerisourceBergen.

Insights: Executive compensation in times of crisis

We reinforce our perspectives on executive compensation for the long-term.

Voting Insights: Human rights disclosures at Sanderson Farms

This piece provides the rationale for a recent vote on human rights disclosures at Sanderson Farms.

Voting Insights: Oversight of health and safety risks at Tyson

This piece provides rationale for votes related to risk oversight at Tyson.

Voting Insights: Executive compensation at Walgreens

This piece provides the rationale for a recent vote on executive compensation at Walgreens.

Voting Insights: Shareholder rights at Siemens

This piece explains the rationale for a vote on a shareholder rights proposal at Siemens.

Voting Insights: Executive compensation at Aramark

This piece provides the rationale for a recent vote on executive compensation at Aramark.

Insights: How we evaluate shareholder proposals

Key considerations for shareholder proposal analysis.

Insights: A continued call for boardroom diversity

Our perspectives on boardroom diversity continue to evolve as we encourage boards to make progress on this front.

Insights: Diversity in the workplace

Our views on diversity extend beyond the boardroom to leadership teams and workforces.

Insights: Social risks and the rights of Indigenous peoples

In context of events that have occurred within mining and other land-intensive industries, we share our views on social risks and expectations on cultural heritage management.

Insights: Vanguard's expectations on climate risk governance

We share our expectations that companies and their boards will effectively oversee, mitigate, and disclose material climate-related risks.

Insights: Votes on key climate-related shareholder proposals

We discuss how and why Vanguard funds voted on key climate proposals during the proxy season.

How Vanguard addresses climate risk

We provide an overview of how Vanguard addresses climate risk as an investor, an investment provider, and a company.

Why climate change matters to long-term investors

As a fiduciary for more than 30 million Vanguard investors, we assess the implications of climate risk for long-term investors.

Executive compensation: In uncertain times, good judgment is critical for boards

In this Insights, Vanguard emphasizes a long-term outlook on executive compensation during times of crisis.

Support for an independent chair at Boeing

This proxy voting rationale highlights a recent vote to support an independent chairman proposal at Boeing.