Company Directory - Vanguard Fixed Income Group
Company Details - Vanguard Fixed Income Group
Vanguard Fixed Income Group
WebsitePart of Vanguard, distinguished for deep investment capabilities in managing fixed income portfolios. The group focuses on providing investment management services that cater to the fixed income needs of investors.
CCI Score
CCI Score: Vanguard Fixed Income Group
-16.41
0.01%
Latest Event
Vanguard Group Political Influence Profile
An OpenSecrets profile reveals that Vanguard Group, which includes Vanguard Fixed Income Group, showed significant political involvement in the 2024 cycle with over $2.65 million in lobbying expenditures and notable revolving door practices, where a substantial portion of its lobbyists had previously held government positions.
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ENABLER
Vanguard Fixed Income Group is currently rated as an Enabler.
Latest Events
- FEB192025
An OpenSecrets profile reveals that Vanguard Group, which includes Vanguard Fixed Income Group, showed significant political involvement in the 2024 cycle with over $2.65 million in lobbying expenditures and notable revolving door practices, where a substantial portion of its lobbyists had previously held government positions.
-60
Political Contributions and Lobbying Efforts
April 3
The article details that Vanguard Group contributed $502,046 in contributions and spent $2,650,000 on lobbying in the 2024 election cycle. Such significant financial outlays aimed at influencing political processes, when viewed through an anti-fascist lens, suggest a willingness to exert undue influence over democratic institutions, which is concerning from a progressive standpoint.
-50
Executive Political Engagement
April 3
The profile notes a high incidence of revolving door practices, with 21 out of 33 lobbyists in 2023 and 18 out of 29 in 2024 coming from government roles. This indicates a problematic overlap between corporate and governmental spheres that can facilitate undue influence and policy capture.
- DEC312023
Vanguard Fixed Income Group, as part of the major asset management firms, contributed to federal lobbying efforts totaling $7.6 million in 2023. This expenditure was aimed at supporting ESG initiatives during a politically charged period, aligning the company with progressive, socially responsible investment strategies.
+70
Political Contributions and Lobbying Efforts
April 3
Vanguard's involvement in significant federal lobbying on ESG issues signals a commitment to progressive policies. By investing in lobbying efforts that advocate for socially responsible and sustainable practices, Vanguard positions itself against the authoritarian, short-term profit-driven models that can benefit far-right or fascist agendas. This proactive stance in influencing public policy on environmental, social, and governance matters supports marginalized groups and sustainable economic reforms.
BlackRock, Vanguard splash on lobbyists as ESG battles rage ahead of US election
- OCT012023
Vanguard Fixed Income Group's parent company, Vanguard Group Inc., settled a lawsuit for racial discrimination by agreeing to pay $500,000 to the EEOC, addressing claims of discriminatory practices and retaliation.
-70
Labor Relations and Human Rights Practices
April 3
The settlement of a racial discrimination lawsuit highlights serious issues in labor relations and human rights practices. Although the company did not admit wrongdoing, the financial settlement of $500,000 indicates underlying systemic problems affecting marginalized employees, reflecting negatively on the company’s commitment to fair and equitable treatment in the workplace.
- OCT012023
Vanguard Fixed Income Group, part of Vanguard, has been accused alongside other major financial institutions of ignoring human rights. Despite the company’s claim that it employs a 'structured approach to identify and monitor human rights abuses', the allegations raise serious concerns about its commitment to protecting human rights.
-35
Labor Relations and Human Rights Practices
April 3
The article suggests that Vanguard is being accused of ignoring human rights, an allegation that directly impacts its ethical responsibility and labor relations practices. Even though the company asserts that it uses a structured approach to monitor human rights abuses, the existence of such accusations indicates that its measures may be insufficient, which is concerning from a human rights and anti-authoritarian perspective.
Fidelity, Vanguard and JPMorgan accused of ignoring human rights
- JUL022023
Vanguard Group Inc. has adopted new criteria to evaluate whether companies meet human-rights standards, with the policy designed to trigger potential divestment from companies implicated in crimes against humanity or patterns of severe human rights abuses. The decision, which followed shareholder pressure at the firm’s July 2 annual meeting, signals a commitment to ethical investment practices.
+50
Labor Relations and Human Rights Practices
April 3
By establishing human-rights criteria that would trigger disengagement with companies involved in severe human rights abuses, Vanguard demonstrates a proactive commitment to ethical business practices and protection of marginalized communities. This move is consistent with anti-authoritarian and progressive values, fostering accountability in investment decisions.
- MAY102023
A May 2023 article by Financial News reports that Vanguard, along with other major asset managers, has been accused by ShareAction of failing to leverage its significant influence to address serious human rights abuses, raising concerns about its commitment to labor rights and ethical investment practices.
-70
Labor Relations and Human Rights Practices
April 3
The article highlights that Vanguard, despite its large influence in the investment world, is being called out for its failure to actively tackle human rights abuses. This neglect in addressing labor rights and ensuring ethical practices indicates a serious shortfall in corporate responsibility, contributing to an environment where marginalized workers and communities may be further exploited.
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