Exchange-traded fund
Vanguard Emerging Markets Stock Index Fund
TickerVWO
Fund manager
Vanguard

Fossil fuel companiesare fueling the climate crisis.

Fossil fuel exposure of 10.73% places the fund in the F tier, between 9% and 100% exposure.

Methodology
F
Investments in major fossil fuel companies
Reliance Industries Ltd
Carbon Underground 200Top 200 carbon reserves
$1.34 BILLION
Petroleo Brasileiro SA Petrobras
Carbon Underground 200Top 200 carbon reserves
$370.99 MILLION
Saudi Arabian Oil Co
Carbon Underground 200Top 200 carbon reserves
$366.64 MILLION
Petroleo Brasileiro SA Petrobras Participating Preferred
Carbon Underground 200Top 200 carbon reserves
$330.84 MILLION
Ptt PCL
Carbon Underground 200Top 200 carbon reserves
$178.78 MILLION
Adani Enterprises Ltd
Carbon Underground 200Top 200 carbon reserves
$156.59 MILLION
Fossil fuel holdings
Energy sector
Top 200 owners of carbon reserves
Top 200 owners of carbon reserves
Carbon Underground 200
76
holdings
$4.32B
invested
4.95%
of portfolio
Coal industry
Coal industry
Coal miners, coal services, owners of coal reserves
139
holdings
$3.62B
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
$4.95B
invested
5.67%
of portfolio
Utility sector
Top 30 coal-fired utilities
Top 30 coal-fired utilities
Macroclimate 30
18
holdings
$480.86M
invested
0.55%
of portfolio
Fossil-fired utilities
Fossil-fired utilities
Utilities burning fossil fuels or distributing gas
189
holdings
$4.01B
invested
4.59%
of portfolio
  When calculating a portfolio's screen exposure, we only consider long investments, ignoring any shorts or liabilities.
All fossil fuel companies
333 holdings
333 holdings
  • 1. Reliance Industries Ltd
    Carbon Underground 200Oil/gas industry
    $1.34B
    1.54%
  • 2. Vale SA
    Coal industry
    $714.96M
    0.82%
  • 3. Petroleo Brasileiro SA Petrobras
    Carbon Underground 200Oil/gas industry
    $370.99M
    0.42%
  • 4. Saudi Arabian Oil Co
    Carbon Underground 200Oil/gas industry
    $366.64M
    0.42%
  • 5. Petroleo Brasileiro SA Petrobras Participating Preferred
    Carbon Underground 200Oil/gas industry
    $330.84M
    0.38%
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 $9.37 BILLION invested across 333 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: 10/31/22
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% less in annualized returns
Less invested in fossil fuels 
1.1% less invested
Higher carbon footprint 
154 tonnes CO2e/$1M USD higher
Less invested in Clean200 
2.42% 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: 10/31/22
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% less in annualized returns
Less invested in fossil fuels 
1.1% less invested
Higher carbon footprint 
154 tonnes CO2e/$1M USD higher
Less invested in Clean200 
2.42% 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: 10/31/22
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% less in annualized returns
Less invested in fossil fuels 
1.1% less invested
Higher carbon footprint 
154 tonnes CO2e/$1M USD higher
Less invested in Clean200 
2.42% 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
-27.68%
-2.89%
-1.83%
1.14%
11% 
Benchmark
ACWX - iShares MSCI ACWI ex U.S. ETF
-24.9%
-1.92%
-0.76%
3.14%
12% 
Fund compared to benchmark
 
-2.78%
-0.97%
-1.08%
-2%
1.1%  lower
Find more financial data on VWO at Morningstar.com
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