There is no room for fossil fuel developers in any sustainable finance categories

A coalition of organizations calls on the European Commission to prevent greenwashing in the revised Sustainable Finance Disclosure Regulation (SFDR) by requiring the exclusion of companies developing new fossil fuel projects from all sustainable finance categories.

• The signatories argue that the European Commission must implement sufficient safeguards to prevent greenwashing in the SFDR review, specifically by requiring that companies developing new fossil fuel projects be excluded as a minimum criterion for all SFDR product categories.
• The letter asserts that developing new fossil fuel projects is a clear indicator that a company is not transitioning, noting that oil and gas majors are increasing production growth targets and investing only marginally in sustainable energy.
• The authors claim that current frameworks, such as the ESMA Guidelines on fund names and the Climate Transition Benchmark (CTB), are insufficient because the CTB lacks fossil fuel exclusions.
• The demand for exclusions is presented as being aligned with the expectations of EU citizens and retail investors, who have been affected by scandals involving the presence of fossil fuel companies in funds using sustainability messaging.

APA

Bell, B., Baumüller, J., Bourg, D., Capelle-Blancard, G., Couppey-Soubeyran, J., Creti, A., Grandjean, A., Haufe, P., Karyotis, C., Klok, W., Jouzel, J., Laffitte, O., Lefournier, J., Leandri, N., Maas, K., Marsden, L., Mottis, N., Mueller, C., Poivet, R., ... Wilkening, C. (2025). There is no room for fossil fuel developers in any sustainable finance categories. Reclaim Finance. https://reclaimfinance.org/site/en/2025/09/30/there-is-no-room-for-fossil-fuel-developers-in-any-sustainable-finance-categories/

Chicago

Bell, Belinda, Josef Baumüller, Dominique Bourg, Gunther Capelle-Blancard, Jézabel Couppey-Soubeyran, Anna Creti, Alain Grandjean, et al. There is no room for fossil fuel developers in any sustainable finance categories. Reclaim Finance, 2025. https://reclaimfinance.org/site/en/2025/09/30/there-is-no-room-for-fossil-fuel-developers-in-any-sustainable-finance-categories/.

Wikipedia

{{cite press release |last1=Bell |first1=Belinda |last2=Baumüller |first2=Josef |last3=Bourg |first3=Dominique |last4=Capelle-Blancard |first4=Gunther |last5=Couppey-Soubeyran |first5=Jézabel |last6=Creti |first6=Anna |last7=Grandjean |first7=Alain |last8=Haufe |first8=Paula |last9=Karyotis |first9=Catherine |display-authors=etal |title=There is no room for fossil fuel developers in any sustainable finance categories |publisher=Reclaim Finance |date=30 September 2025 |url=https://reclaimfinance.org/site/en/2025/09/30/there-is-no-room-for-fossil-fuel-developers-in-any-sustainable-finance-categories/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{bell2025there, author = {Bell, Belinda and Baumüller, Josef and Bourg, Dominique and Capelle-Blancard, Gunther and Couppey-Soubeyran, Jézabel and Creti, Anna and Grandjean, Alain and Haufe, Paula and Karyotis, Catherine and Klok, Willem and Jouzel, Jean and Laffitte, Olivier and Lefournier, Julien and Leandri, Noam and Maas, Karen and Marsden, Lydia and Mottis, Nicolas and Mueller, Clemens and Poivet, Romain and Quirion, Philippe and Pauw, Pieter and Rambaud, Alexandre and Revelli, Christophe and Ryan-Collins, Josh and Schairer, Simon and Scialom, Laurence and Sellhorn, Thorsten and Sibieude, Thierry and Stangl, Johannes and Thibierge, Christophe and van Dijk, Mathijs and Wullweber, Joscha and Wilkening, Corinna}, title = {{There is no room for fossil fuel developers in any sustainable finance categories}}, publisher = {Reclaim Finance}, year = {2025}, month = sep, url = {https://reclaimfinance.org/site/en/2025/09/30/there-is-no-room-for-fossil-fuel-developers-in-any-sustainable-finance-categories/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }