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The Changing Markets Foundation and partner organisations write to Yili to highlight the company's estimated methane emissions of 0.4 million tonnes and the lack of public disclosure regarding its supply chain emissions. The letter calls for Yili to set absolute emissions reduction targets aligned with a 1.5°C limit, establish separate methane targets, reduce animal numbers in its supply chain, and align its lobbying with global climate goals.

The report finds that the fashion industry remains heavily dependent on synthetic fibres, with 25% of analyzed brands increasing their use. It highlights a critical lack of transparency in supply chains and criticizes the reliance on PET bottle recycling as a 'false solution' that does not reduce overall synthetic volumes. Most brands fail to address microfiber pollution or invest significantly in fiber-to-fiber recycling, while some continue to source polyester from coal-based production despite climate pledges.

The Changing Markets Foundation found that 78% of 50 investigated fashion brands are linked to Reliance Industries (India) and Hengli Group (China), both of which source Russian oil. Despite many brands exiting the Russian market after the invasion of Ukraine, they continue to indirectly support the Russian economy through these synthetic fabric supply chains. The report also highlights risks of brands sourcing polyester made from coal and fracking gas, and criticizes the severe lack of transparency regarding synthetic fiber suppliers.

The Changing Markets Foundation found that 78% of 50 investigated fashion brands are linked to Reliance Industries or Hengli Group, both of which source Russian oil for polyester production. This occurs despite many brands suspending operations in Russia following the 2022 invasion of Ukraine. The report also highlights a lack of supply chain transparency and the risk of brands sourcing polyester from coal and fracked gas.

The report finds that 15 major meat and dairy companies produce combined methane emissions of 12.8 million tonnes, representing 11.1% of global livestock-related methane. These emissions exceed the total methane footprints of countries like Russia, Canada, and Australia. The authors highlight a severe lack of corporate transparency, noting that 60% of the analyzed companies fail to report total supply chain (scope 3) emissions. The report criticizes governments for relying on 'techno fixes' like anaerobic digesters rather than reducing livestock numbers, and calls for binding targets and a just transition toward agroecology.

Reclaim Finance argues that increasing liquefied natural gas (LNG) and coal capacity will not solve Europe's energy crisis, asserting that the crisis stems from fossil fuel dependence. The organization criticizes BlackRock CEO Larry Fink for promoting short-term profits over sustainable solutions and calls on European institutional investors to pressure BlackRock to end its unrestricted investments in coal and adopt stronger decarbonization targets.

The report examines the Ichthys LNG project in Australia, highlighting its high carbon intensity and the risks its expansion poses to climate targets and biodiversity. It identifies numerous global insurers that provided coverage for the project's initial construction and argues that continuing such support, particularly for the planned 2C expansion, contradicts the net-zero pledges of many of these firms.

Reclaim Finance criticizes SCOR for inconsistencies between its investment strategies and its insurance underwriting, specifically noting that while its asset management subsidiary SCOR IP avoids oil and gas investments, the parent company continues to insure new gas fields and allows exceptions for oil projects.

Reclaim Finance criticizes Crédit Agricole for continuing to support oil and gas expansion despite its claim to be a "green bank" and its commitment to carbon neutrality by 2050. The organization highlights that the bank provided $33 billion to the 100 largest fossil fuel developers since the Paris Agreement and remains the primary financial supporter of TotalEnergies, including a recent $8 billion revolving loan. Reclaim Finance calls on the bank to use its general assembly and upcoming strategic plan to end support for new fossil fuel projects and to vote against incompatible climate plans of oil majors through its subsidiary Amundi.

Reclaim Finance criticizes BNP Paribas for being the top European supporter of the 100 largest fossil fuel developers, providing $55.6 billion since the Paris Agreement. The organization argues that the bank's current policies still allow for the financing of new oil and gas fields incompatible with a 1.5°C scenario and calls for the bank to vote against the flawed climate plans of major energy companies like TotalEnergies and Shell.

Reclaim Finance criticizes Société Générale for continuing to finance fossil fuel expansion despite its 2050 net-zero commitment. The organization highlights loopholes in the bank's policies that allow continued support for conventional oil and gas, shale oil and gas, liquefied natural gas (LNG) infrastructure, and coal mining through diversified companies.

Reclaim Finance argues that Shell's climate plan is insufficient to meet a 1.5°C trajectory, predicting the company will exceed its carbon budget by 40.9% by 2050 and consume 80.2% of it by 2030.

A coalition of NGOs argues that TotalEnergies' climate strategy is incompatible with the 1.5°C warming limit, citing insufficient emission reductions and continued investment in fossil fuel expansion. The signatories call on investors to vote against the company's sustainable development resolution and the renewal of specific directors' mandates, while urging a halt to new financial support until the company stops developing new oil and gas projects.

The report finds that European supermarkets generally exhibit low transparency and ambition regarding plastic reduction, often relying on voluntary commitments and recycling-focused strategies rather than systemic reuse. An analysis of 74 retailers reveals an average total score of only 13.1%, with significant disparities in performance between different countries where the same retail chains operate. The document highlights tactics used by retailers to delay legislative progress, such as lobbying against deposit return systems (DRS), and criticizes 'greenwashing' practices, including the mislabeling of single-use plastics as reusable.

Reclaim Finance criticizes RWE for maintaining a coal phase-out target of 2038, which it claims is eight years behind scientific recommendations. The organization highlights RWE's role as one of Europe's largest CO2 emitters, its reliance on fossil gas as a bridge fuel, and its efforts to obtain €2.6 billion in compensation from the German government. It specifically calls on major shareholders, including Crédit Agricole/Amundi, Société Générale, and BNP Paribas, to use the upcoming AGM to sanction the company's lack of a coherent transition strategy.

Reclaim Finance criticizes AXA and AXA IM for maintaining financial support for new fossil fuel projects despite their public commitment to a 1.5°C trajectory. The statement highlights that AXA continues to provide insurance for new oil and gas projects and that AXA IM has historically voted in favor of insufficient climate plans from oil majors like TotalEnergies, Shell, and BP.

Fortum/Uniper is criticized for having an inadequate coal exit strategy and increasing its dependence on gas, while continuing to receive significant financial support from major banks and investors, including French institutions like BNP Paribas and Société Générale.

Reclaim Finance argues that Amundi's strategy of increasing passive management, specifically through the acquisition of Lyxor, creates a loophole where billions of euros in assets remain uncovered by coal exclusion policies. The document further contends that Amundi's engagement with companies like Glencore and its policies on unconventional fossil fuels effectively support continued fossil fuel expansion rather than a genuine 1.5°C-aligned transition.

Reclaim Finance reports that Amundi continues to support coal-expanding companies despite a 2019 commitment to exit the sector. The analysis finds that 94% of coal companies in the portfolios of major French financial institutions lack satisfactory exit plans, and Amundi is invested in all of them. The document highlights failures in Amundi's passive management strategy, where it voted in favor of 78% of resolutions from 13 coal developers, and criticizes its engagement policy for lacking precise requirements and binding sanctions.

The Changing Markets Foundation and partner organisations inform Groupe Bigard that it scored 0 out of 100 in a ranking of global meat and dairy companies' climate policies, specifically noting a lack of methane emission reporting and reduction targets. The letter demands disclosure of investments in methane abatement and meat alternatives and recommends the adoption of science-based targets aligned with a 1.5°C limit, including scope 3 emissions.