In the wake of the VW scandal – which saw huge losses to shareholder value – a group of investors with over £625bn in assets under management queried the largest automotive manufacturers on issues related to climate risk to their businesses, in particular, critical greenhouse gas emissions standards evolving in the US and the EU.

This initiative was coordinated by us and InfluenceMap.

This report reviews the responses received from the companies, outlining where further information could be requested, and offers recommendations for how investors could incorporate this issue into a broader strategy for managing climate risk.