Our reports

Using carbon offsets to shut down coal plants, as proposed by some governments, banks and others, is likely to fail to reduce global emissions. It will likely replicate all the past problems with offsets, including the generation of huge amounts of fake credits, and will allow polluters to continue [...]

Climate change is accelerating, fueled by an energy system still dominated by fossil fuels. The current impacts on human societies and ecosystems serve as a daily reminder of the urgent need to act now to prevent irreversible climate tipping points and even more severe consequences. A radical transformation in [...]

Rental dominates the distribution and use of new cars in the EU, accounting for more than half of all new vehicles and aiming for almost 70% by 2030. Seven key players control 61% of the rental market and 31% of new registrations. Large fleet operators strongly influence the used [...]

While the world’s top scientists from the International Energy Agency (IEA) repeatedly state that there is no need for a single new oil field, tanker, pipeline, or any fossil fuel expansion whatsoever, banks ignore climate risk and increase finance for dirty energy companies expanding their sector. This is amidst [...]

Glencore, a top global coal producer, is expanding its thermal and metallurgical coal portfolio, at odds with climate imperatives. While European banks were among the first to adopt policies to restrict coal financing globally, some of them keep playing a critical role in supporting Glencore’s coal expansion. This report [...]

Transition plans are an essential tool to push financial institutions to break free from short-termism and align their activities with a 1.5°C trajectory. Yet, the first transition planning obligations adopted in the European Union are now threatened by the European Commission’s deregulation drive (“Omnibus” proposal). In this context, Reclaim [...]

The Norwegian Oil Fund, the world’s largest sovereign wealth fund, is responsible for investing the revenues earned by the Norwegian state from oil and gas for the benefit of future generations. While claiming to be a leader in sustainability, the Norwegian Oil Fund’s asset manager, NBIM, has not made [...]

In January 2025, 41 civil society organizations published a manifesto calling on the European Central Bank (ECB) to adopt measures to green its monetary policy. This year, the ECB will conclude a review of its monetary policy strategy. This provides the ideal opportunity to update the central bank’s “Climate Roadmap” [...]

To support the development of a sustainable power system, financial institutions must make strong commitments in the power generation sector and engage power utilities to adopt high standards transition plans.Currently, the climate strategies of the main European power utilities contain significant shortcomings. Moreover, they use heterogeneous assumptions, references, and timelines, [...]

Financial institutions do not finance “today’s economy”, they finance the economy of next year, of 2030, 2040 and the decades after. The services they provide enable companies to develop new projects, to launch products and to expand. A bank lending to a company helps it invest or continue operating [...]