Ethical Performance
inside intelligence for responsible business
 

inbrief

Mutuals failing to address sustainability

July 2012

An analysis by Ceres and Fund Votes of 2011 proxy voting patterns indicates that mutual funds, with almost $12tn (£7.6tn, e9.5tn) under management, are failing to address sustainability. The three largest – American Funds, Fidelity and Vanguard, which manage $1.6tn in US securities – failed to support a single climate-related resolution. American Funds voted against every climate-related resolution, while Fidelity and Vanguard abstained in 90% of cases.




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