The world's largest mutual fund provider is pushing companies to disclose how climate change could hurt their business

pulse

November 29, 2017 1:19 AM

Vanguard is taking climate change seriously.

Vanguard, the world's largest provider of mutual funds, is pushing companies to disclose the risks climate change poses to their business.
Vanguard is a top shareholder in many large US corporations, so it can impact how companies are run at high levels.
It's a sign that investors are taking climate risks seriously.

The world's largest mutual fund provider is pushing companies to disclose the risks climate change will pose to their business.

Rob Main, who sits on Vanguard's investment stewardship team, told Yale Climate Connections on Monday that the firm is especially urging companies in industries like energy and agriculture to identify and disclose areas where climate change will pose a threat.

", since environmental and policy changes can significantly impact those companies' performance.

Vanguard's push is yet another sign that the investment community is taking climate change seriously.

David Blood, has a similar outlook. Blood previously told Business Insider that thinking in terms of sustainability is "

Glenn Booraem, the principal on Vanguard's investment stewardship team, told Reuters that the fund's support for disclosing climate risks isn't a matter of "ideology," but rather economics.

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