In an open letter entitled \u201cFor sustainable pensions: ending support for fossil fuel expansion\u201d, 11 civil society organizations, including Reclaim Finance, are calling on three French pension bodies \u2013 Agirc-Arrco (the supplementary pension scheme for private-sector employees), ERAFP (the scheme for civil servants), and the Fonds de r\u00e9serve pour les retraites \u2013 to stop supporting the development of fossil fuels. Almost a year after the revelation of these institutions\u2019 continued fossil fuel investments in a recent\u00a0report<\/a><\/span>\u00a0published by Reclaim Finance, the signatories point out that the current practices of these institutions are exacerbating climate change, whilst exposing their portfolios to growing climate-related financial risks. In particular, the support given to TotalEnergies \u2013 a symbol of France\u2019s dependence on fossil fuels \u2013 is a cause for concern, as the company has recently taken several steps backwards on climate action. The signatories of the letter call on pension bodies to adopt concrete and immediate measures to protect their beneficiaries from the impacts of climate change, both now and in the long term.<\/span><\/p>\n<\/div>