updated about 1 year ago by Austin Callahan
Source
Comments
While they give out "buzz terms" in regards to taking corrective steps in response to modern slavery, they do not highlight specific corrective steps.
It is not explicit whether company supports suppliers in taking corrective action. The company also does not make it clear that they have a policy of cancelling contracts as it is stated ‘the company may discontinue the relationship with suppliers.’
Pg. 2
“Vanguard takes compliance with its policies seriously and, in the event of a breach, requires its suppliers to act quickly to take corrective actions, as appropriate. In the case of material, multiple or continuous breaches of its policies, Vanguard may choose to discontinue its relationship with a supplier.”