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Reclaim Finance reports that asset managers are using regulatory loopholes in ESMA's fund-naming guidelines to avoid excluding fossil fuel investments while retaining ESG-related names. The organization highlights that major financial firms lobbied for less stringent criteria and warns that similar lobbying regarding the SFDR regulation could institutionalize greenwashing. Reclaim Finance demands a strict ban on investments in new fossil fuel projects for any fund claiming to be sustainable, ESG, or transition-focused.

The report finds that while Nestlé removed sucrose from products for babies aged 0-12 months, it failed to remove vanilla flavourings in China and Hong Kong. It further argues that Nestlé continues to breach the WHO Marketing Code by comparing its products to breastmilk and employs 'premiumisation' pricing strategies that lack scientific justification, resulting in significant price disparities between products and markets.

The document alleges that Royal Dutch Shell uses inflated and unverified statistics to attribute the majority of oil spills in the Niger Delta to sabotage, thereby avoiding liability for compensation and deflecting criticism of its environmental and human rights record. The complainants, Amnesty International and Friends of the Earth, argue that Shell's data is biased, lacks independent verification, and in several documented cases, contradicts joint investigation findings that pointed to equipment failure or corrosion.