VOLKSWAGEN AG Hiltrud D. Werner
Board of Management, Responsible for Integrity and Legal Affairs "Integrity and Compliance"
2nd ESG Convention of Volkswagen Group
DRIVE Volkswagen Group, Berlin, September 20, 2019
3rd Partial Consent Decree | Timeline
2017 | 2018 | 2019 | 2020 | ||||||||||||||
Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | |||||
Compliance Auditor
Apr 13 | Jun 16 | Jun 16 | ||||||||||||||||||||||||||
Effective | Retention | End of | ||||||||||||||||||||||||||
Date | Date | Audit Period | Audit Period | Audit Period | Term | |||||||||||||||||||||||
Jul 17 | May 18 | Aug 17 | May 17 | Aug 16 | Mar 31 | Jun 16 | ||||||||||||||||||||||
1st | 1st | 2nd | 2nd | 3rd | 3rd | |||||||||||||||||||||||
Audit | Annual | Annual | Annual | Annual | Annual | Annual | ||||||||||||||||||||||
Report | Report | Report | Report | Report | Report | |||||||||||||||||||||||
Plan | ||||||||||||||||||||||||||||
(Draft) | (Final) | (Draft) | (Final) | (Draft) | (Final) | |||||||||||||||||||||||
VW Defendants
Implement | Implement | Implement | Implement |
Aug 17 | Aug 16 |
ESG Convention, Berlin, September 20, 2019 | 2 |
Auditor's 2nd Annual Report | Structure
A | Introduction |
B | The ICA's First Annual Report |
C | The U.S. and California Consent Decrees |
D | The Monitor's mandate and reporting under the Plea Agreement |
E | Audit planning and methodology |
F | The VW Defendants' reporting of violations |
G | General obligations under the Consent Decrees |
H | Recommended Actions from the ICA's First Annual Report |
I | New Recommended Actions to achieve compliance |
J | Injunctive relief related to the Product Development Process |
K | The Whistleblower System |
L | Additions to the employee survey |
M | Additions to the Code of Conduct |
N | Third-party EMS audits |
O | The Second Annual Report by VW defendants |
P | Next steps |
ESG Convention, Berlin, September 20, 2019 | 3 |
Auditor's Recommended Actions
1st Annual Report
7 Recommended Actions (RA) and
2 self-reported violations
RA 1 | Design and implement additional monitoring and | ||||
auditing procedures | |||||
RA 2 | Prepare an analysis of the Golden Rules | Follow up | |||
implementation | |||||
RA 3 | Prepare an assessment of the impact of the Golden | ||||
Rules audit reports | |||||
RA 4 | Provide Code of Conduct training statistics | ||||
RA 5 | Confirm effectiveness of the whistleblower case- | ||||
tracking process | |||||
RA 6 | Provide documentation concerning California state | ||||
laws and regulations | |||||
RA 7 | Distinguish between VW GOA and VW GOA | ||||
Chattanooga | |||||
ESG Convention, Berlin, September 20, 2019 |
2nd Annual Report
5 Recommended Actions
RA 2.1 | Complete updates on Golden Rules implementation | |||
RA 5.1 | Ensure actions to improve effectiveness of the | |||
whistleblower case-tracking process are sufficient | ||||
RA 8 | Provide data and analysis reports to the Independent | |||
Compliance Auditor | ||||
RA 9 | Develop a uniform approach to the assessments of | |||
effectiveness | ||||
RA 10 | For reported risks, perform scope analysis and ensure | |||
accuracy of countermeasure reporting |
4
Together4Integrity | Changing VW's Integrity and Compliance Culture
Role model for environment, safety and integrity
>200 | 685 entities | ||||||||||||||||
entities | |||||||||||||||||
2018 | today 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | ||||||||||
T4I as holistic program | Integrity and Compliance | ||||||||||||||||
to change Integrity and | on equal footing with | ||||||||||||||||
Compliance culture | highest strategic priorities |
ESG Convention, Berlin, September 20, 2019 | 5 |
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Volkswagen AG published this content on 20 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 September 2019 07:21:08 UTC
