Vanguard Group, commonly referred to as Vanguard, is a leading investment management company headquartered in the United States. Founded in 1975, Vanguard has established itself as a pioneer in the mutual fund industry, particularly known for its low-cost index funds and exchange-traded funds (ETFs). With a strong presence in North America, Europe, and Asia, Vanguard serves millions of investors globally, focusing on long-term investment strategies. Vanguard's core offerings include a diverse range of mutual funds, ETFs, and retirement solutions, all designed to help investors achieve their financial goals. The company's unique structure, which is owned by its funds and, in turn, by the investors, allows it to prioritise client interests over profit. Recognised for its commitment to low fees and investor education, Vanguard consistently ranks among the largest asset management firms worldwide, solidifying its position as a trusted leader in the investment industry.
How does Vanguard's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Vanguard's score of 50 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Vanguard reported total carbon emissions of approximately 85,429,000 kg CO2e, comprising 2,699,000 kg CO2e from Scope 1, 30,047,000 kg CO2e from Scope 2, and 52,683,000 kg CO2e from Scope 3 emissions. This marked a significant increase from 2022, where total emissions were about 83,435,000 kg CO2e. Vanguard has set ambitious targets to reduce its greenhouse gas emissions by at least 20% across Scope 1, 2, and select Scope 3 emissions, using 2019 as the baseline year. This reduction goal is aimed to be achieved by 2025, reflecting the company's commitment to addressing climate change and enhancing sustainability within its operations. The company has consistently disclosed its emissions data across all three scopes, demonstrating transparency in its environmental impact. In 2021, Vanguard's total emissions were approximately 57,205,000 kg CO2e, indicating a notable reduction in emissions over the years, although recent data suggests fluctuations in total emissions. Vanguard's ongoing efforts to mitigate its carbon footprint align with industry standards and reflect a proactive approach to climate commitments, positioning the firm as a responsible player in the financial sector.
Access structured emissions data, company-specific emission factors, and source documents
2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|---|
Scope 1 | 3,187,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
Scope 2 | 46,510,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Scope 3 | 62,125,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Vanguard is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.