Our reports

Fossil fuel financing from the world’s 60 largest banks has reached USD $5.5 trillion in the seven years since the adoption of the Paris Agreement, with $673 billion in fossil fuel financing in 2022 alone. This report examines commercial and investment bank financing for the fossil fuel industry, aggregating [...]

Lloyd's of London (Lloyd’s), the world’s largest insurance market, is failing to meet the litmus test for climate responsibility of stopping fossil fuel expansion, according to new analysis by Reclaim Finance of Lloyd’s top managing agents.  Lloyd’s  fossil fuel policy has so far only focused on coal and [...]

Decarbonising electricity production by 2035 in Europe is a crucial lever for limiting global warming to 1.5°C. There is still a long way to go in terms of fossil fuel phase-out in the power sector. 217 GW of gas plants must be phased out by 2035. But over the [...]

In this report we particularly focus on how five major Swiss financial institutions – UBS, Credit Suisse, Swiss Life AM, Zurich and Pictet manage their relationships with companies developing new coal, oil or gas supply projects. We look at their policies towards the fossil fuel sector and analyze the credibility of [...]

From buildings, to cars, to domestic appliances and other equipment, steel is a key component of our societies, and will also be essential for the energy transition as it will be needed to build infrastructure and products such as wind turbines, solar panels, and electric vehicles.   However, the steel sector [...]

Central banks are primarily tasked with managing Inflation and play a supervisory role, looking to ensure the stability of the banking system. Many also have other objectives, for example the Bank of England has a role in achieving net zero.  While the need for central banks to consider [...]

French utility ENGIE will hold its Annual General Meeting (AGM) on the 26th of April 2023. ENGIE is the largest independent electricity producer worldwide, and is also one of the most emitting utilities in Europe, ranking first in terms of gas power related emissions in 2021 in Europe. Ahead [...]

The Glasgow Financial Alliance for Net Zero, launched in April 2021, states that it is “committed to accelerating and mainstreaming the decarbonization of the world economy and reaching net zero emissions by 2050.” A key early step in decarbonizing the world economy, as has been repeatedly emphasized in policy [...]

Central banks and financial regulators are currently operating in a context of multiple, overlapping crises. Acute physical risks from climate change are materialising globally, with the most severe impacts in the Global South. Droughts, floods, wildfires and heat waves have wrought havoc on human lives and natural ecosystems, thereby [...]

Africa is already in the midst of a climate emergency. The continent only accounts for around 3% of global greenhouse gas emissions, yet its communities, ecosystems and economies are experiencing ever more intense heat waves, droughts, cyclones and catastrophic floods. While the Intergovernmental Panel on Climate Change (IPCC) and [...]