Our reports
Hijacked: Exposing BlackRock’s Grip on the EU’s Climate Finance Plans
A new report from Reclaim Finance and the Observatoire des multinationales has revealed a wide-ranging lobbying operation by asset management titan BlackRock, aimed at influencing the European Union’s sustainable finance strategy. This comes shortly before the release of the strategy, and amidst ongoing controversy about the role of BlackRock [...]
CITY OF COAL: The Climate Crimes of UK Finance
The City of London is one of the world’s largest homes of coal finance, reveals a new report from Reclaim Finance. Produced with German NGO Urgewald, the report examines the support of leading UK banks and investors to the coal sector. The top five UK banks - Barclays, HSBC, [...]
Slow Burn: The asset managers betting against the planet
Reclaim Finance has published the first edition of a scorecard on leading asset managers’ climate commitments, focusing on their approach to the coal sector. The report compares 29 asset managers, with a focus on the European market. The authors reveal that despite 16 asset managers holding long-term climate commitments, [...]
Last Chance for the Powering Past Coal Alliance
A new report from Reclaim Finance and seven partner NGOs reveals that the Powering Past Coal Alliance (PPCA) has failed to trigger a wide coal exit movement. The analysis of the progress of the 111 PPCA members shows that many of them are failing to phase out coal support. [...]
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 [...]
