Volkswagen faces possible legal action by a coalition of institutional investors that accuse the German carmaker of having refused requests to answer questions about its lobbying activities related to climate change.
Five Swedish and Danish public pension funds and the Church of England Pensions Board said they were concerned that while VW was “publicly championing the green transition”, it may be lobbying against stricter climate rules.
Such a contradiction would expose the company to reputational and operational damage, they added.
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