Volkswagen AG | Election of the members of the supervisory board at Volkswagen AG

AGM passed
AGM date
Previous AGM date
Proposal number
Resolution details
Company ticker
Submitted by
Resolution ask
Strengthen board oversight of issue
ESG theme
  • Environment
  • Governance
ESG sub-theme
  • GHG targets / emissions
  • Net Zero / Paris aligned
Type of vote
Director vote
Filer type
Company sector
Consumer Discretionary
Company HQ country
Supporting statement
Church of England Pensions Board has expressed their intention to vote AGANST proposals 3 through 5 at Volkswagen AG's upcoming 2023 AGM.

For more details, access the following:


Declaration of vote intentions by the Church of England Pensions Board:

"VW’s performance on setting targets and its transparency related to lobbying lags its German peers including Mercedes Benz and BMW. Unlike VW, both of these companies have produced lobbying disclosures, and have been independently assessed as having stronger short and medium-term emissions reduction targets by the Transition Pathway Initiative (TPI). We have repeatedly submitted shareholder amendments seeking disclosures on the company approach to corporate climate lobbying. These regrettably continue to be rejected by the company.

Laura Hillis, Director of Climate & Environment, Church of England Pensions Board, commented: “Volkswagen has committed to align its business with a net-zero emissions future. Yet the company’s activities on climate lobbying, and insufficient emissions reduction targets, continue to hold it back from realising that ambition.

Over more than four years of climate engagement with the company we have repeatedly called for the company to set emissions reduction targets aligned with limiting global warming to 1.5C, and a climate lobbying and industry associations disclosure. Given the company is still yet to meet these expectations, as shareholders we intend to use our votes to hold the Board of Management and the members of the Supervisory Board accountable.”

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