A group of Swedish public pension funds, Danish AkademikerPension and the Church of England Pensions Board filed the suit at a German court seeking to make VW include an item about their lobbying activities to the agenda of its shareholder meeting. If successful, the motion would alter VW’s charter to allow the disclosure, ClientEarth, a campaign and legal organization supporting the case, said in a statement.
The investors “are concerned that while the auto giant is publicly championing the green transition, it may be undertaking lobbying activities that run c ounter to its stated climate ambitions,” ClientEarth said. “This potential contradiction exposes the company to reputational and operational damage and puts the security of their investments in question.”
Volkswagen said the motion the plaintiffs are proposing is inadmissible, because it would encroach on the management board’s powers and shareholders couldn’t legally adopt it even if they wanted. The company nevertheless shares the view that climate protection deserves greater prominence in reporting and is currently considering several approaches to this, it said.
The company already reports on its public affairs activities on a voluntary basis and climate-related issues are also part of various of its disclosures, Volkswagen said. All activities serve to support its strategic goals and a key part of that is the support for the Paris Climate Agreement and the European Green Deal, according to the company.
The investors have asked VW about the lobbying issue for several years but the firm refused to hand over the information, according to ClientEarth. VW earlier this year rejected their proposal to add the motion to the meeting agenda.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Business Maverick: Tesla’s Model Y Passes Perennial Top-Sellers in Global RankingsTesla just followed up a vehicle deliveries report that fell short of expectations with quarterly revenue that also was a bit lower than hoped, disappointing investors looking for a more clear-cut kibosh on debate over whether it’s starting to have demand issues.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »
Business Maverick: Deutsche Bank HQ Raided by German Prosecutors in Tax ProbeGerman authorities raided Deutsche Bank AG’s headquarters as well as the home of former co-chief executive officer, Juergen Fitschen, as part of a vast investigation of the controversial Cum-Ex transactions that’s embroiled some of the world’s most powerful financial firms.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »
Business Maverick: Ukraine’s new central banker focuses on IMF aidIt’s the first rate-setting meeting for the central bank’s new governor but his focus this week is on negotiations with the International Monetary Fund, a financial lifeline for the war-torn Ukraine.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »
Business Maverick: Star Wars actor Mark Hamill’s campaign sends 500 drones to UkraineLuke Skywalker is leading an army of drones to war. It reads like the synopsis of the next instalment in the Star Wars franchise, but it’s happening in real life. Hamill, who played the Jedi character in George Lucas’s original Star Wars trilogy that debuted in 1977, is serving as fundraising ambassador for Ukraine’s “Army of Drones” project in its fight against Russia’s invasion after getting a request from President Volodymyr Zelensky last month. He's still acting.....but now the result of his career is death Except Russia gets to offload their drones all over Ukranian territory while Ukraine cannot do the same to Russia cause it might 'upset' Putin. See how sick our Society has become that we are scared of Monsters that do evil? Then they end up doing worse evil cos we scared.🤬👿 Zelensky sounding more and more like CyrilRamaphosa ! I want and want and want!
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »
Business Maverick: Key iPhone supplier warns smartphone demand will continue to fallMurata Manufacturing Co expects this year’s drop in smartphone sales to keep going well into 2023, led by a sharp downturn in China.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »