KC · @KC
190 followers · 42 posts · Server aus.socialARGH: Vanguard has just pulled out of the Net Zero Asset Manager initiative.
Looks like #Vanguard, with about $7 trillion in global assets under management in 2021 - yes you read that right - was never serious about taking climate action.
...as #IEEFA pointed out in this 2021 report "Vanguard Group: Passive about climate change' https://ieefa.org/resources/vanguard-group-passive-about-climate-change
Vanguard lags its peers on climate.
https://www.ft.com/content/48c1793c-3e31-4ab4-ab02-fd5e94b64f6b
#climate #climatechange #sustainability #finance #investors #investing #investment #passive #laggard #energy #energytransition #sharemarket #stocks #shareholders #stockmarket #news #media #netzero #coal #fossilfuels #climaterisk #news #media #analyst
#vanguard #IEEFA #climate #climatechange #sustainability #finance #investors #investing #investment #passive #laggard #energy #energytransition #sharemarket #stocks #shareholders #stockmarket #news #media #netzero #coal #fossilfuels #climaterisk #analyst
Peter · @darkfire
2 followers · 10 posts · Server nerdculture.deOk, I get it that #meta is struggling, but, tbh, look at how huge this company is already. How many people are reached by FB, IG, WA? So, at some point there is a clash between #stockmarket #expectations and saturation reality. Sure, there can be further expansions into new markets and with new target groups. And, yes, the company became a #laggard in terms of #innovation, which is also a tendency for mature companies (though Meta calls itself still being a startup). But still: respect, Meta!
#meta #stockmarket #expectations #laggard #innovation