Church of England Pensions Board and others v. Volkswagen AG

Summary:

Pensioner funds from England, Sweden and Denmark filed a case against Volkswagen AG, after it did not provide information on its corporate lobbying activities. Through the claim, the institutional investors seek to have a motion put on the agenda for VW’s Annual General Meeting to amend the Articles of Association, so the company has to provide information about its lobbying activities, it previously did not disclose.

Investors had previously thought to obtain information on how the lobbying objectives and activities align with the company’s climate goals.

At Issue: Whether VW’s lobbying activities align with its climate goals.