Support CleanTechnica's work through a Substack subscription, on Patreon, or on Stripe. Help us produce all of the high-quality, original content we publish week after week despite the challenges of content-scraping AI, antisocial media, inflation, and other hurdles.
The Center for Active Stewardship Adds Sierra Club’s Hidden Risk Data to Scorecards Platform
NEW YORK, NY — The Center for Active Stewardship (CAS) announced today the addition of the Sierra Club’s Hidden Risk scorecard to its public proxy voting Scorecards platform, which tracks how leading asset managers and their funds vote on shareholder proposals.
The two largest US asset managers, Vanguard and BlackRock, scored 0% and 1% alignment with Sierra Club recommendations, compared to several dozen institutions with 100% alignment.
Vanguard and BlackRock’s voting records reflect several years of declining engagement on climate-related proxy voting matters, walking back institutional climate commitments, and shifting increasingly to “client choice” voting options. This broader retreat from climate engagement is evident in the asset managers’ deteriorating support for climate-related resolutions, which has fallen dramatically from 2021, when both firms supported more than 40% of environmental and social proposals. Vanguard still remains the largest investor in fossil fuels, while BlackRock is the second largest. The Sierra Club Foundation moved its investments out of BlackRock in 2025 after three years of engagement on its climate risk strategy.
