Our reports

In the context of urgent climate action, the role of financial institutions is key in supporting the transformation of the biggest emitters and keeping global warming below 1.5°C. Stewardship is one of the tools at their disposal: by using their position as financial supports of the economy, they can [...]

This  report takes a deep dive into the policies and practices  of  30  big  asset  managers. The  aim  of  our  research  is  to  provide  an  assessment   of   how   these   firms   manage   climate risk, assessing whether their activities are aggravating the climate crisis and therefore other associated  systemic risks.   The [...]

In the context of climate crisis, it is imperative that investors seize the opportunity of the 2023 proxy season to take action and scale up their engagement initiatives with the most carbon-emitting companies. To do so, shareholders can use a large range of tools, including voting at annual general [...]

As a key player in the steel market, ArcelorMittal has a crucial role in advancing the global shift to clean steelmaking. This briefing is intended for financial institutions that would like to gain a better understanding of the activities and climate impact of ArcelorMittal in order to engage the [...]

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 [...]