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Prosecutors in Germany have brought criminal charges against Volkswagen executives over Dieselgate. They have been charged with stock market manipulation. More here.  

Time for a negotiated settlement for European investors: VW has been dragging its feet over European claims The company has paid out € 30 billion in the US This approach is unfair and unjust to European investors Delaying tactics have not worked; legal pressure is mounting The two leading investor protection associations call for a

In November 2015, the European Anti-Fraud Office (OLAF) started an investigation into the European Investment Bank’s (EIB) loan of €400mln to Volkswagen in the context of the Dieselgate scandal. While the company is still calling back vehicles (at a slower rate now – see article here) and shareholders have to time and time again put

The fallout from Dieselgate continues to harm VW’s reputation and market value, thereby negatively impacting investor interests. After one year and half of investigation, VW stands accused by OLAF of fraudulently securing € 400 million in loans from the EIB to develop the engine (equipped with the cheating software) at the heart of the Dieselgate

Whereas in the US VW admitted its wrongdoing and set aside billions of dollars for car owners, European consumers are being left high and dry. VW claims that there is no need to compensate European consumers since according to them they did not suffer losses in the sense that the value of their cars did

U.S. developments Over the last months, it has been reported that Volkswagen reached a 15 billion dollar settlement with the authorities, the consumers and the car dealers in the United States. Contrary to these developments, Volkswagen has raised a motion to dismiss the ADR investor case. The judge will hear this motion during a trial

Volkswagen’s invoice for damages seems to keep growing… After the US, where the carmaker will pay consumers $ 24 billion in total, the French authorities could now fine the German carmaker up to € 19.73 billion (10% of its average turnover).   In October 2015, the French authorities (The Central Office against Attacks on the

In a book to be published in May “Faster, Higher, Farther: The Volkswagen Scandal”, Jack Ewing reveals new details of the Diesel Gate conspiracy covering up the fact that its cars were designed to deceive pollution regulators.  It all started with the publication of the results of a test realized in 2014 by graduate students

A German Court ordered VW to reimburse a consumer for the full price of a car equipped with the emissions’ cheating device. The judges based this ruling on the intentional nature of the fraud and underlined that VW could not defend itself by stating that they did not know who was responsible for this fraud.

Volkswagen pleads guilty and will pay $4.3 billion to settle with the US Department of Justice (DoJ), bringing the total cost of this fraud to $20 billion. Six high-ranking executives have been indicted by the DoJ and the former US Head of Compliance, Oliver Schmidt, has been arrested in the US. It shows the willingness

BETTER FINANCE supports the newly suggested mandatory social indicators under the Sustainable Finance Disclosure Regulation (SFDR), which aim to measure principal adverse impacts (PAI).

BETTER FINANCE believes that the European Commission should not further diminish the ambition of ESRS. At the very least, there should be a set of mandatory disclosure requirements (such as GHG emissions) irrespective of materiality assessments made by companies.

BETTER FINANCE welcomes the amendments to the Taxonomy Disclosures Delegated Act (Art 8) in providing consistent methodologies and economic performance indicators that ensure financial and non-financial undertakings disclose the relevant taxonomy eligibility and alignment information.

BETTER FINANCE supports the newly suggested mandatory social indicators under the Sustainable Finance Disclosure Regulation (SFDR), which aim to measure principal adverse impacts (PAI). It is crucial for these indicators to align with the current Corporate Sustainability Reporting Directive (CSRD) and the associated European Sustainability Reporting Standards (ESRS) to ensure consistency. The implementation of these

BETTER FINANCE, as an independent financial expertise center serving European financial services users, represents millions of individual investors in Europe who stand to benefit from the draft non-financial reporting Standards developed by EFRAG. BETTER FINANCE welcomes the opportunity to provide feedback on the draft Delegated Act (DA) by the European Commission concerning the European Sustainability

BETTER FINANCE welcomes the amendments to the Taxonomy Disclosures Delegated Act (Art 8) in providing consistent methodologies and economic performance indicators that ensure financial and non-financial undertakings disclose the relevant taxonomy eligibility and alignment information. In order to strengthen market transparency and encourage companies to green their activities and portfolios, it is crucial to have

BETTER FINANCE is excited to announce the launch of its much-needed “Gateway to Responsible Investing”, responding to the lack of independent, transparent and clear information on how to invest in a climate-aligned and sustainable way! Besides providing educational information on matters such as ESG, impact investing and greenwashing, the gateway also provides tools for first-time

BETTER FINANCE welcomes the Delegated act obligations for certain large undertakings to publish non-financial information. The rules set out in the delegated act clarify and allow for the translation of the technical screening criteria of the Climate Delegated Act (and the future Environmental Delegated Act) into quantitative economic performance indicators that will need to be

Brussels, 7 April 2020 – The continued spread of the COVID-19 virus around the world and the emergency confinement measures have severely disrupted capital markets. EU Citizens in their capacity as investors and savers are already feeling the squeeze and will be among the first in line to suffer from the economic and financial fallout

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