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Vanguard 2025-2026: where it broke with the board

Two kinds of vote are listed: a board-sponsored proposal Vanguard voted AGAINST or withheld on, and a shareholder proposal it voted FOR, with the board’s recommendation on it where the filings show one. A FOR vote on a proposal the board supported, or took no position on, is listed and labelled, but it is not a vote against the board. One row is one proposal at one meeting; “funds” is how many of the manager’s funds or accounts voted that way.

Everything Only shareholder proposals it backed

29 proposals. Every shareholder proposal Vanguard backed in 2025-2026 is listed here.

Vanguard, 2025-2026 proxy season. Who put a proposal on the ballot is taken from the filer’s own N-PX answer (Item 1(h)), or, marked “inferred”, from its category and wording where the filing does not say; see how we count these.
CompanyMeetingProposalCategory On the ballot fromBoard recommendedVanguard votedFunds
Meta Platforms, Inc. May 27, 2026 A shareholder proposal regarding report on AI data usage oversight. Other Social Issues Shareholder Against FOR 7
Wells Fargo & Company April 28, 2026 Shareholder Proposal - Energy Supply Ratio. Environment or Climate Shareholder Against FOR 5
Palantir Technologies Inc. June 3, 2026 Stockholder proposal entitled "Human Rights Impact Assessment", if properly presented at the Annual Meeting. Human Rights or Human Capital/workforce Shareholder Against FOR 4
Palantir Technologies Inc. June 3, 2026 Stockholder proposal entitled "Independent Report on Due Diligence Process", if properly presented at the Annual Meeting. Human Rights or Human Capital/workforce Shareholder Against FOR 4
Palantir Technologies Inc. June 3, 2026 Stockholder proposal entitled "Political Spending Disclosure", if properly presented at the Annual Meeting. Other Social Issues Shareholder Against FOR 4
Shopify Inc. June 16, 2026 Shareholder Proposal Vote on the shareholder proposal, as disclosed in the Management Information Circular for the Meeting. Other Social Issues Shareholder Against FOR 4
THE WENDY'S COMPANY May 20, 2026 Stockholder proposal regarding a restriction on "blank-check" preferred stock, if properly presented at the Annual Meeting. Other Social Issues Shareholder Against FOR 3
UNIVERSAL HEALTH SERVICES, INC. May 20, 2026 Stockholder proposal to report votes based on UHS shareholder money at risk, if properly presented at the meeting. Other Social Issues Shareholder Against FOR 3
AMAZON.COM, INC. May 20, 2026 SHAREHOLDER PROPOSAL REQUESTING ADDITIONAL REPORTING ON IMPACT OF DATA CENTERS ON CLIMATE COMMITMENTS Environment or Climate Shareholder Against FOR 2
Booking Holdings Inc. June 2, 2026 Non-binding stockholder vote on a proposal to avoid brand damage due to corporate political spending. Other Social Issues Shareholder Against FOR 2
META PLATFORMS, INC. May 27, 2026 A shareholder proposal regarding report on addressing antisemitism and hate in online platforms. Diversity, Equity, and Inclusion Shareholder Against FOR 2
META PLATFORMS, INC. May 27, 2026 A shareholder proposal regarding report on climate change-related commitments. Environment or Climate Shareholder Against FOR 2
META PLATFORMS, INC. May 27, 2026 A shareholder proposal regarding report on human rights due diligence. Human Rights or Human Capital/workforce Shareholder Against FOR 2
NextEra Energy, Inc. May 21, 2026 A proposal entitled "Paris Agreement Alignment" requesting NextEra Energy publish a report describing if and how the Company plans to reduce its total contribution to climate change and align its operations and investments with the Paris Agreement's goal of maintaining global temperatures well below 2 degrees Celsius, and ideally, 1.5 degrees Celsius. Environment or Climate Shareholder Against FOR 2
The Bank of Nova Scotia April 14, 2026 Shareholder Proposal Regarding Report on Use of Artificial Intelligence Other Social Issues Shareholder Against FOR 2
BJ's Wholesale Club Holdings, Inc. June 18, 2026 Vote on a shareholder proposal regarding a report on deforestation in the company's own-brand supply chain, if properly presented at the meeting. Environment or Climate Shareholder Against FOR 1
BJ's Wholesale Club Holdings, Inc. June 18, 2026 Vote on a shareholder proposal regarding a report on greenhouse gas emissions reduction efforts, if properly presented at the meeting. Environment or Climate Shareholder Against FOR 1
HCA Healthcare, Inc. April 23, 2026 Stockholder proposal, if properly presented at the meeting, regarding a report on healthcare consequences. Other Social Issues Shareholder Against FOR 1
MARKEL GROUP INC. May 20, 2026 Shareholder proposal for a report on the Company's strategies and action plans to mitigate material environmental risks. Environment or Climate Shareholder Against FOR 1
Otis Worldwide Corporation May 27, 2026 Shareholder proposal regarding reporting on political contributions and expenditures Other Social Issues Shareholder Against FOR 1
Palantir Technologies Inc. June 3, 2026 Stockholder proposal entitled "Political Spending Disclosure," if properly presented at the Annual Meeting. Other Social Issues Shareholder Against FOR 1
Pilgrim's Pride Corporation April 29, 2026 A stockholder proposal to provide a political spending disclosure. Other Social Issues Shareholder Against FOR 1
Royal Bank of Canada April 9, 2026 Shareholder Proposal Regarding Report on Use of Artificial Intelligence Other Social Issues Shareholder Against FOR 1
Sonoco Products Company April 15, 2026 Advisory (non-binding) shareholder proposal - avoid brand damage from political spending. Other Social Issues Shareholder Against FOR 1
Steel Dynamics, Inc. May 6, 2026 Shareholder proposal - avoid political spending brand damage Other Social Issues Shareholder Against FOR 1
The Southern Company May 13, 2026 Stockholder proposal regarding a report on data center costs Other Social Issues Shareholder Against FOR 1
Universal Health Services, Inc. May 20, 2026 Stockholder proposal to adopt a policy requiring Universal Health Services, Inc. to publicly disclose its workforce diversity, if properly presented at the meeting. Diversity, Equity, and Inclusion Shareholder Against FOR 1
Walmart Inc. June 4, 2026 Report on Immigration Policy & Enforcement Human Rights or Human Capital/workforce Shareholder Against FOR 1
Walmart Inc. June 4, 2026 Report on Workforce Impact of AI and Automation Human Rights or Human Capital/workforce Shareholder Against FOR 1

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Built October 18, 2026 from SEC Form N-PX filings.