Volkswagen Sued for Not Disclosing Climate Lobbying Activity (1)

Volkswagen AG was sued by institutional investors in Germany concerned that despite making public commitments to fighting climate change, the carmaker may be privately lobbying against its environmental ambitions.

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 ...