Vanguard Marketing Corporation

Vanguard Marketing Corporation is a FINRA- and state-registered broker-dealer that operates as a subsidiary of The Vanguard Group, Inc. It supports the investment operations and brokerage services of its parent company under a regulated framework.

CCI Score

11.96

April 18

Latest Event

Vanguard Releases 2025 Proxy Voting Guidelines

On January 31, 2025, Vanguard Marketing Corporation, a subsidiary of The Vanguard Group, issued updated proxy voting guidelines. The revisions include a softening of board diversity requirements and reduced support for environmental and social proposals, raising concerns among progressive observers about the reduction of robust corporate governance measures that can counter authoritarian influences.

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SABOTEUR

Vanguard Marketing Corporation is currently rated as a Saboteur.

+10 to +24 CCI Score

Companies in this bracket take more subtle actions to undermine authoritarian practices. They might implement internal policies or support reforms that quietly weaken oppressive systems, contributing to change in less overt ways.

Latest Events

JAN

31

2025

Vanguard Releases 2025 Proxy Voting Guidelines
-18.69

On January 31, 2025, Vanguard Marketing Corporation, a subsidiary of The Vanguard Group, issued updated proxy voting guidelines. The revisions include a softening of board diversity requirements and reduced support for environmental and social proposals, raising concerns among progressive observers about the reduction of robust corporate governance measures that can counter authoritarian influences.
-10

Public and Political Behavior

March 18

The revised proxy voting guidelines demonstrate a reluctance to impose strict mandates on board diversity and shareholder activism. This de-emphasis on progressive governance measures undercuts corporate accountability and can indirectly support established power structures that are less resistant to authoritarian tendencies.

BlackRock and Vanguard Release 2025 Proxy Voting Guidelines
-30

Business Practices and Ethical Responsibility

March 18

The update in proxy voting policies reflects a shift towards a more cautious approach in addressing issues of board diversity and environmental and social proposals. This softening of previously more progressive measures limits corporate accountability and could enable traditional power structures, indirectly contributing to authoritarian economic practices.

BlackRock and Vanguard Release 2025 Proxy Voting Guidelines
JUN

27

2022

Vanguard Modern Slavery Statement
60.39

Vanguard Marketing Corporation’s subsidiary demonstrates strong commitment to human rights by outlining robust measures in its Modern Slavery Statement. The statement details comprehensive policies on preventing modern slavery, human trafficking, and ensuring ethical supply chain practices, including rigorous supplier oversight and equitable labor practices.
+80

Labor Relations and Human Rights Practices

March 18

The modern slavery statement clearly emphasizes Vanguard's commitment to upholding labor rights and human rights practices. The company outlines measures to prevent human trafficking, conduct ethical pre-employment screening, and enforce strict supplier compliance with anti-slavery provisions. This active stance on protecting labor rights is a positive indicator in the category of Labor Relations and Human Rights Practices.

Modern Slavery Statement
+80

Supply Chain Ethics

March 18

The statement includes detailed protocols regarding supply chain oversight and procurement processes aimed at mitigating legal, business, and ethical risks associated with modern slavery. The proactive vendor oversight programme and continual review of procurement practices reflect a strong commitment to maintaining ethical supply chain standards.

Modern Slavery Statement
FEB

24

2014

Vanguard Lobbying Activities
-9.83

A discussion on the Bogleheads forum raises questions about whether Vanguard Marketing Corporation uses investor funds to finance lobbying activities. Critics argue that such practices may allow the firm to influence political outcomes and potentially support authoritarian policies.
-30

Political Contributions and Lobbying Efforts

March 18

The forum discussion suggests that Vanguard is involved in lobbying activities, which can be seen as using client funds to exert political influence. From an anti-fascist perspective, the firm's engagement in lobbying raises concerns regarding the potential manipulation of policy in favor of authoritarian practices. This negative score reflects worries about corporate influence over democratic processes.

Does Vanguard spend "our" money on Lobbying activities? - Bogleheads.org
MAR

11

2009

Vanguard sets human rights policy
15.96

Vanguard Group Inc. has introduced a human-rights policy designed to divest from companies involved in human rights abuses, reflecting a commitment to ethical investment practices and labor rights.
+80

Labor Relations and Human Rights Practices

March 18

Vanguard’s introduction of a human‐rights policy to screen investments and potentially divest from companies that commit human rights abuses demonstrates a proactive commitment to ethical business practices and labor rights. This move supports anti-fascist values by holding companies accountable for human rights violations and distancing investments from oppressive practices.

Vanguard sets human‑rights policy