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.
Please use your business email. If you don't have one, please email us at firstname.lastname@example.org.
By providing your personal information and submitting your details, you acknowledge that you have read, understood, and agreed to our Privacy Statement and you accept our Terms and Conditions. We will handle your personal information in compliance with our Privacy Statement. You can exercise your rights of access, rectification, erasure, restriction of processing, data portability, and objection by emailing us at email@example.com in accordance with the GDPRs. You also are agreeing to receive occasional updates and communications from RavenPack about resources, events, products, or services that may be of interest to you.
Your request has been recorded and a team member will be in touch soon.
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.