Our reports
Banking on Climate Chaos: Fossil Fuel Finance Report 2021
The Banking on Climate Chaos 2021 report has revealed that the world’s 60 largest banks worldwide have pumped over $3.8 trillion into the fossil fuel industry since the Paris Agreement, with financing levels higher in 2020 than in 2016. The report was authored by Rainforest Action Network, BankTrack, Indigenous [...]
BlackRock’s net-zero commitment put to the test: the tar sands case
A new report from Reclaim Finance shows that BlackRock, the world’s largest asset manager, holds over $75 billion in thirty major tar sands production companies, all of which plan to develop new reserves of the world’s dirtiest form of oil. BlackRock also holds $3.7 billion in three pipeline companies [...]
Pipeline of Pollution: Total responsible, finance complicit?
Total's management has announced that it will submit a name change to TotalEnergies to a vote of its shareholders. Reclaim Finance and Greenpeace France have analyzed Total's climate commitments. The verdict is indisputable: in putting an "S" onto "énergie" to underline its development in renewable energies, Total is getting [...]
One year on: BlackRock still addicted to fossil fuels
Reclaim Finance and urgewald have released a report revealing BlackRock's exposure to coal, on the anniversary of CEO Larry Fink’s commitment to sustainable investing. Research exposes gaping holes in BlackRock’s climate policy, which even allows for investments in expanding coal companies. The report underlines the need for rapid increase [...]
Five Years Lost – How the Finance Industry is Blowing the Paris Carbon Budget
18 NGOs including Reclaim Finance have released around the 5th Paris Agreement anniversary, a joint report showcasing 12 of the most devastating fossil fuel expansion areas that are currently planned or under development. These expansion projects alone would use up three-quarters of the total remaining carbon budget if we [...]
In the Shadow: Who is opposing the taxonomy for polluting activities?
On December 4th 2020, Reclaim Finance and Change Finance publish today a report on the lobbying of financial and economic institutions on an EU taxonomy for polluting activities. The briefing analyzes the 648 responses to the consultation on the renewed EU sustainable finance strategy, to provide a clear picture of [...]
Insuring Our Future : 2020 Scorecard on Insurance, Fossil Fuels and Climate Change
Insuring Our Future : 2020 Scorecard on Insurance, Fossil Fuels and Climate Change is a report published by 19 organisations from 11 countries. It ranks 30 leading insurers and evaluates their coverage and investments in fossil fuels and other climate-action criteria. The continued withdrawal of insurers from coal makes it [...]
Climate Benchmarks: The European Union misses out on the Paris Agreement
With its “benchmarks regulation” the European Union wishes to create a common basis of minimum criteria to meet for “green” financial indices, and thus contribute to making finance compatible with the goals of the Paris Agreement. This regulation consists of the creation of two climate index benchmarks that provide [...]
Memo – Climate scenarios: 5 traps to avoid to keep global warming under 1.5°C
An increasing number of large companies and financial players claim to be working towards carbon neutrality and alignment with the climate goals of the Paris Agreement. To rationalize their strategy, these institutions are increasingly relying on climate scenarios aiming at stimulating the evolution of human activity, considering the goals [...]
Quantitative easing and climate 2: fueling the fossil gas frenzy
In May 2020, Reclaim Finance publishes a report revealing that the European Central Bank’s corporate asset purchases significantly finances all fossil fuels. Four months later, the NGO reveals in a new memo that companies supported by the ECB greatly contribute to fossil gas expansion in Europe and worldwide. Titled [...]
