Climate change is accelerating, with increasingly violent impacts threatening the lives of thousands of people and species. If nothing is done to reduce greenhouse gas emissions (GHG), the victims will soon be in the millions.
We are convinced that finance is a critical lever in the fight against climate change. But today, mainstream finance remains at the opposite end of the spectrum from social and climate justice objectives. Contrary to what the growing popularity of sustainable finance might suggest, almost all financial services are geared towards practices that depend on the consumption of fossil fuels and the overexploitation of natural resources.
Moreover, there is no evidence that the new tools of so-called green finance translate into actual transformation in the real world, particularly in terms of GHG emissions reduction.
In the context of the climate emergency and biodiversity loss, one of our main missions is to help accelerate the decarbonization of financial flows. Reclaim Finance intends to act as a citizen counterweight in order to eliminate the impression that current action is sufficient. We track and analyse the activities of financial institutions and expose the real impacts of their activities.