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Vanguard: voting policy and stewardship reports

Vanguard’s published proxy voting policy, edition by edition, and its annual stewardship reports, its own account of how it voted and engaged. How it actually voted is on its N‑PX voting record.

Voting policy

The firm’s own guidelines for how it votes, by the year of the edition held in the policy library; its separate policies are labelled.

2026	Vanguard voting policy, 2026 PDF
2026	Vanguard voting policy — Disclosure Policy, 2026 PDF
2026	Vanguard voting policy — Global Policy, 2026 PDF
2025	Vanguard voting policy, 2025 PDF · copy captured by the Internet Archive
2025	Vanguard voting policy — Disclosure Policy, 2025 PDF · copy captured by the Internet Archive
2024	Vanguard voting policy, 2024 PDF · copy captured by the Internet Archive
2023	Vanguard voting policy, 2023 PDF · copy captured by the Internet Archive
2022	Vanguard voting policy, 2022 PDF · copy captured by the Internet Archive

Stewardship reports

The manager’s annual account of its stewardship, by the reporting year it covers. Self-reported: the figures in it are not audited.

2025	Investment Stewardship Annual Report Firm-wide report published by Vanguard · PDF, 265 KB · corporate.vanguard.com Also: Stewardship report · UK Stewardship Code filing (FRC), filed by Vanguard Asset Management, Limited · PDF, 488 KB · frc.org.uk
2024	Investment Stewardship Annual Report Firm-wide report published by Vanguard · PDF, 3.7 MB · archived copy, captured July 17, 2025 (originally on corporate.vanguard.com) Also: Stewardship report · UK Stewardship Code filing (FRC), filed by Vanguard Asset Management, Limited · PDF, 1020 KB · archived copy, captured August 26, 2025 (originally on media.frc.org.uk)
2023	Investment Stewardship Annual Report Firm-wide report published by Vanguard · PDF, 4.0 MB · archived copy, captured May 18, 2024 (originally on corporate.vanguard.com) Also: Stewardship report · UK Stewardship Code filing (FRC), filed by Vanguard Asset Management, Limited · PDF, 1.0 MB · archived copy, captured January 10, 2025 (originally on media.frc.org.uk)
2022	Investment Stewardship Annual Report Firm-wide report published by Vanguard · PDF, 4.4 MB · archived copy, captured August 5, 2023 (originally on corporate.vanguard.com) Also: Stewardship report · UK Stewardship Code filing (FRC), filed by Vanguard Asset Management, Limited · PDF, 954 KB · archived copy, captured December 27, 2023 (originally on media.frc.org.uk)
2021	Investment Stewardship Annual Report Firm-wide report published by Vanguard · PDF, 2.0 MB · archived copy, captured September 12, 2022 (originally on corporate.vanguard.com)
2020	Investment Stewardship Annual Report (proxy year to June 30) Firm-wide report published by Vanguard · PDF, 3.8 MB · archived copy, captured February 12, 2023 (originally on corporate.vanguard.com) Also: Investment Stewardship Annual Report · Firm-wide report published by Vanguard · PDF, 1.9 MB · archived copy, captured February 12, 2023 (originally on corporate.vanguard.com)