Recommendations for Banks 2025

The report outlines a framework for banks to implement robust climate transition plans and sectoral policies to eliminate support for coal, oil, gas, and unabated power generation. It advocates for a shift in financial flows toward sustainable power supply, recommending a 6:1 financing ratio in favor of sustainable energy over fossil fuels by 2030. The document specifies strict exclusion criteria for 'coal developers' and 'gas power developers,' demands transparent reporting on 'real-world economy' GHG emissions, and calls for a responsible climate lobbying policy aligned with 1.5°C pathways.

• Banks are urged to adopt climate transition plans based on five key steps: setting robust decarbonization targets, developing a detailed decarbonization strategy, implementing public and private engagement strategies, establishing reporting and governance mechanisms, and integrating just transition and biodiversity considerations.
• To align with 1.5°C, banks should implement a financing ratio of 6:1 by 2030, meaning every dollar allocated to fossil fuels must be matched by six dollars for sustainable power supply, including production, storage, and grids.
• The report recommends an immediate end to financial services for coal expansion, including new mines, plants, or infrastructure. It calls for a global thermal coal phase-out by 2040, with a deadline of 2030 for OECD and European countries.
• For the oil and gas sector, banks are advised to adopt a phase-out date for upstream and midstream activities by 2050 and expect portfolio companies to cease expansion plans and set production reduction targets by 2030.
• Regarding the power sector, the document argues that no new unabated fossil gas plants should be built. It recommends a phase-out of gas power by 2035 in OECD and European countries, and by 2040 worldwide.
• Banks should utilize specific databases to identify high-risk companies, specifically the Global Coal Exit List (GCEL), the Metallurgical Coal Exit List (MCEL), and the Global Oil & Gas Exit List (GOGEL).
• The report demands that banks adopt a responsible lobbying policy, which includes disclosing all climate-related lobbying objectives, memberships in lobbying groups, and budgets spent on such activities.
• Banks are encouraged to commit to ending support for deforestation and peatland loss by 2025, and ecosystem conversion by 2030, as part of an integrated approach to biodiversity.

APA

Reclaim Finance (2025). Recommendations for Banks 2025. https://reclaimfinance.org/site/wp-content/uploads/2025/11/0_All-recos-for-BANKS_2025_MAJ.docx.pdf

Chicago

Reclaim Finance. Recommendations for Banks 2025. 2025. https://reclaimfinance.org/site/wp-content/uploads/2025/11/0_All-recos-for-BANKS_2025_MAJ.docx.pdf.

Wikipedia

{{cite report |author=Reclaim Finance |title=Recommendations for Banks 2025 |date=2025 |url=https://reclaimfinance.org/site/wp-content/uploads/2025/11/0_All-recos-for-BANKS_2025_MAJ.docx.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{reclaimfinance2025recommendations, author = {{Reclaim Finance}}, title = {{Recommendations for Banks 2025}}, institution = {Reclaim Finance}, year = {2025}, url = {https://reclaimfinance.org/site/wp-content/uploads/2025/11/0_All-recos-for-BANKS_2025_MAJ.docx.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }