Exchange-traded fund
Vanguard Emerging Markets Stock Index Fund
Fund manager
Vanguard
Ticker VWO
Fossil fuel grade: Fossil fuel exposure of 10.68% places the fund in the range of between 9% and 100% exposure. Assigned a grade of F.Fossil fuel exposure of 10.68% places the fund in the range of between 9% and 100% exposure. Assigned a grade of F.How we track fossil fuel investments
F
Investments in major fossil fuel companies
Vale SA
Carbon Underground 200Top 200 carbon reserves
$897.73 MILLION
Saudi Arabian Oil Co
Carbon Underground 200Top 200 carbon reserves
$427.06 MILLION
Petroleo Brasileiro SA Petrobras
Carbon Underground 200Top 200 carbon reserves
$404.71 MILLION
Petroleo Brasileiro SA Petrobras Participating Preferred
Carbon Underground 200Top 200 carbon reserves
$358.35 MILLION
Ptt PCL
Carbon Underground 200Top 200 carbon reserves
$223.92 MILLION
Sasol Ltd
Carbon Underground 200Top 200 carbon reserves
$192.23 MILLION
Fossil fuel holdings
Producers energy sector
Top 200 owners of carbon reserves
Top 200 owners of carbon reserves
Carbon Underground 200
74
holdings
$4.34B
invested
4.22%
of portfolio
Coal industry
Coal industry
Coal miners, coal services, owners of coal reserves
137
holdings
$4.27B
invested
4.15%
of portfolio
Oil/gas industry
Oil/gas industry
Oil/gas producers and refiners, oil field services and equipment companies, pipeline operators
121
holdings
$5.91B
invested
5.74%
of portfolio
Consumers utility sector
Top 30 coal-fired utilities
Top 30 coal-fired utilities
Macroclimate 30
20
holdings
$503.12M
invested
0.49%
of portfolio
Fossil-fired utilities
Fossil-fired utilities
Utilities burning fossil fuels or distributing gas
186
holdings
$4.48B
invested
4.36%
of portfolio
  When calculating a portfolio's screen exposure, we only consider long investments, ignoring any shorts or liabilities.
All fossil fuel companies
331 holdings
331 holdings
  • 1. Reliance Industries Ltd
    Oil/gas industry
    $1.67B
    1.63%
  • 2. Vale SA
    Carbon Underground 200Coal industry
    $897.73M
    0.87%
  • 3. Saudi Arabian Oil Co
    Carbon Underground 200Oil/gas industry
    $427.06M
    0.42%
  • 4. Petroleo Brasileiro SA Petrobras
    Carbon Underground 200Oil/gas industry
    $404.71M
    0.39%
  • 5. Petroleo Brasileiro SA Petrobras Participating Preferred
    Carbon Underground 200Oil/gas industry
    $358.35M
    0.35%
See all
Share to spread the word.
Business as usual is fueling climate destruction.
Vanguard Emerging Markets Stock Index Fund $VWO is 11% invested in fossil fuel stocks, with $10.98 BILLION invested across 331 equity holdings
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Financial performance
Performance data provided byMorningstarFind more financial data on VWO at Morningstar.com
Current fund
VWO
Vanguard Emerging Markets Stock Index Fund
Family
Vanguard
Category
Diversified Emerging Mkts
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 5/31/22
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower
 10-yr returns 
-2.02% less in annualized returns
Less invested in fossil fuels 
1.17% less invested
Higher carbon footprint 
169 tonnes CO2e/$1M USD higher
Less invested in Clean200 
1.93% less invested
Current fund
VWO
Vanguard Emerging Markets Stock Index Fund
Family
Vanguard
Category
Diversified Emerging Mkts
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 5/31/22
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower
 10-yr returns 
-2.02% less in annualized returns
Less invested in fossil fuels 
1.17% less invested
Higher carbon footprint 
169 tonnes CO2e/$1M USD higher
Less invested in Clean200 
1.93% less invested
Current fund
VWO
Vanguard Emerging Markets Stock Index Fund
Family
Vanguard
Category
Diversified Emerging Mkts
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 5/31/22
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower
 10-yr returns 
-2.02% less in annualized returns
Less invested in fossil fuels 
1.17% less invested
Higher carbon footprint 
169 tonnes CO2e/$1M USD higher
Less invested in Clean200 
1.93% less invested
Month-end trailing returns  
Annualized returns
Climate analysis
1-yr
3-yr
5-yr
10-yr
Fossil fuel %
This fund
VWO - Vanguard Emerging Markets Stock Index Fund
-16.21%
5.49%
4.25%
4.22%
11% 
Benchmark
ACWX - iShares MSCI ACWI ex U.S. ETF
-12.52%
6.26%
4.27%
6.24%
12% 
Fund compared to benchmark
 
-3.69%
-0.77%
-0.02%
-2.02%
1.17%  lower
Find more financial data on VWO at Morningstar.com
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