September 9, 2022
Wirecard AG is a payment processing company that filed for insolvency in June 2020 after revelations of accounting manipulation amounting to €1.9 billion. The RavenPack Controversy Scoring Framework helps identify news mentions about ongoing controversies, augmenting your investment analysis.
In 2019, the Financial Times released the results of an investigation into the accounts of Wirecard AG, leading to suspicions of accounting malpractices against the company. Wirecard filed for insolvency on June 25th, 2020, after revelations of accounting fraud amounting to €1.9 billion. The RavenPack ESG Scoring Framework detected these events as follows:
It's often difficult to follow all the news to build a complete ESG picture, particularly when events are less reported. Benefits from local and global newswire coverage, RavenPack’s ESG Controversy Scoring Framework gives investors the opportunity to identify companies involved in controversial events reported in local news outlets before the information reaches the mainstream media.
Check out other ESG controversy case studies that have been widely reported, to understand how the RavenPack’s ESG Controversy Scoring Framework works, or request a trial to explore how it could help you stay on top of ESG controversies impacting your brands or portfolios.
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RavenPack’s ESG Controversy Scoring Framework is based on real-time detections of events across 40,000+ news sources in 13 different languages.
It follows an event-based approach that can help assess the extent of a firm’s ESG controversy exposure through time by monitoring real-time news coverage.
Sustainability factors can severely impact the financial performance of companies, and investors should account for ESG risks in their portfolio construction process. We analyze the relationship between ESG controversy events detected in RavenPack Edge, and share prices of listed equities.
Two Boeing 737-MAX aircraft crashed in 2018 and 2019. Investigations revealed that the fatalities were caused by the Boeing-developed MCAS and a lack of pilot training.
The September 2015 dieselgate scandal has cost Volkswagen AG more than $34 billion in fines and settlements. The various dimensions of this scandal were captured by our news-based ESG Controversy Scoring Framework.
Our news-based ESG Controversy Scoring Framework captured the different dimensions of the 2010 environmental scandal for BP, as well as other subsequent events, like an industrial fire at a BP refinery in 2012.
Last summer, Activision Blizzard was accused of covering up allegations of workplace abuse, harassment, and discrimination, which led to employee walkouts and protests. Our ESG Controversy Scoring Framework detected it.
Tracking the ESG events surrounding companies, products or individuals associated to
your brand, portfolio or supply chain can help you manage corporate and investment risk.