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The fact sheet compares the climate policies of several major pension funds and endowments, detailing their net zero targets (ranging from 2040 to 2050), interim emissions reduction goals, and specific exclusions of fossil fuels in both public and private markets.

Reclaim Finance argues that the Capital Markets Union (CMU), as currently proposed, lacks the necessary environmental criteria to ensure that increased capital volumes support the ecological transition rather than polluting activities. The organization warns that some CMU measures could weaken prudential frameworks and supervisory mandates without considering climate risks. Reclaim Finance proposes that any CMU-related product or label must include strict climate criteria, including the exclusion of fossil fuel developers, and suggests alternative models like citizen-led sustainable project funds to avoid further financialization of the economy.

Reclaim Finance argues that the current SFDR framework is too vague, leading to confusion and greenwashing. It proposes three key reforms: excluding fossil fuel developers from funds making environmental or social claims, establishing minimum quality requirements for 'green', 'transition', and 'impact' funds, and aligning transparency obligations (PAIs) with advisory processes (MiFID II and IDD) to better reflect investor preferences.

The Gavin Coal Plant, owned by Lightstone Generation (a Blackstone and ArcLight Capital Partners joint venture), faces significant financial instability due to declining revenues in the PJM Interconnection market and high debt burdens. The plant is also subject to substantial EPA-mandated cleanup costs for coal ash contamination following a June 2024 court ruling. With the broader U.S. coal industry in decline and institutional investors divesting from thermal coal, the report urges pension funds to pressure owners to retire the plant responsibly to avoid the community and financial losses seen in other coal plant closures.

The AMF's first public administrative agreement with Primonial Reim regarding sustainability communication failures is seen as a positive signal but insufficient to address systemic greenwashing in French sustainable funds. Reclaim Finance and other signatories call for the total exclusion of fossil fuel developers from sustainable funds and the application of immediate, systematic sanctions for non-compliance.

The Center for International Environmental Law examines the "Insuring Our Future Act" (Assembly Bill A9905A/Senate Bill S9435) in New York. The bill targets the contradiction of insurance companies raising premiums due to climate-driven disasters while continuing to finance the fossil fuel industry. It proposes a five-year phase-out of fossil fuel investments and underwriting, alongside protections against "bluelining" and sudden non-renewals for policyholders.

This executive summary argues that the current international investment treaty regime is often ineffective and suggests a fundamental rethink of its purpose. The authors propose that treaties should shift from focusing on investor protection to supporting sustainable investment, ensuring positive social and environmental impacts, and solving collective action problems in global governance. Key recommendations include prioritizing national laws for regulation, limiting treaty protections to sustainable investments, and using international frameworks to tackle high capital costs in developing countries and the phase-out of fossil fuel investments.

The document highlights a recent increase in global coal capacity and a slowdown in the adoption of coal-restrictive policies by private financial institutions, calling for urgent regulatory action and the implementation of the Coal Transition Accelerator.

The document presents reflections from a panel discussion regarding the ethical implications of oil sponsorship in Norway. It criticizes the Festspillene i Bergen and the Norwegian Ski Federation for maintaining long-term partnerships with companies like Equinor, Aker BP, and Vår Energi, arguing that such ties limit freedom of expression, target children and youth for marketing, and contradict climate goals.

Reclaim Finance calls for a radical change in investor engagement with the oil and gas industry, arguing that current practices have failed to align the sector with a 1.5°C trajectory. The organization recommends that investors suspend new investments and use strategic routine votes—such as those for director re-election, remuneration, financial accounts, and dividends—to sanction companies continuing fossil fuel expansion. It specifically targets proxy advisors like ISS and Glass Lewis for failing to support climate action and suggests that dividends should be opposed unless 50% of capital expenditure is dedicated to sustainable energy.

Reclaim Finance argues that traditional shareholder engagement has failed to align the oil and gas sector with a 1.5°C trajectory, noting that 96% of these companies continue fossil fuel expansion. The organization recommends that investors suspend all new investments, particularly bonds, and integrate climate criteria into routine strategic votes. Specifically, it advises voting against the reelection of directors, executive remuneration, financial accounts, and dividends unless companies allocate 50% of capital expenditure to sustainable energy. Reclaim Finance also criticizes proxy advisors like ISS and Glass Lewis for failing to support climate resolutions.

The report highlights a policy gap in the operations of Allianz, Aviva, AXA, and Generali, noting that while these firms have pledged net zero emissions by 2050 and agreed to stop underwriting new oil and gas fields, they continue to provide capital to fossil fuel developers through bond purchases and asset management subsidiaries. It further criticizes these insurers for voting in favor of inadequate climate plans and executive remuneration at annual general meetings of oil and gas companies.

The document analyzes the limitations of both shareholder engagement and full divestment in the oil and gas sector, citing recent moves by Dutch pension funds PFZW and ABP. It argues that while divestment may not provide immediate financial pressure on companies, total withdrawal removes necessary levers of influence. Reclaim Finance proposes a strategy of stopping new capital injections (specifically new bonds) while using voting rights to block 'climaticide' strategies, including voting against director re-elections and dividend distributions.

Reclaim Finance argues that neither passive engagement nor complete divestment is sufficient to force oil and gas companies to align with the Paris Agreement. Instead, it advocates for a 'third way' where investors stop purchasing new bonds but retain shareholdings to vote against directors, manager remuneration, and dividends at 2024 annual general meetings. The organization highlights that 96% of oil and gas producing companies continue to open new fields and that record profits are being prioritized for shareholder remuneration over the energy transition.

ClientEarth submits evidence to the UK Work and Pensions Committee arguing that current fiduciary duty legislation is too narrow, leading trustees to prioritise short-term returns over systemic climate risk management. The organisation recommends statutory duties to manage risks to the portfolio as a whole and to assess the real-world impacts of investments on society and the environment, aligning UK practice with European standards and UN human rights principles.

A coalition of civil society organizations is urging 50 financial institutions to pressure TotalEnergies, ExxonMobil, Santos, and ENEOS to cancel the Papua LNG project. The letter argues the project is incompatible with the 1.5-degree goal of the Paris Agreement, lacks the Free, Prior, and Informed Consent (FPIC) of Indigenous Peoples, and employs insufficient biodiversity offsetting measures. The authors call for shareholders to vote against director re-elections, stop purchasing new bonds, and establish a time-bound divestment strategy if fossil fuel expansion continues.

Reclaim Finance asserts that EPH's commitment to exit coal by 2030 is a 'sleight of hand' because the company is transferring its coal assets to a new entity, EP Energy Transition, which is not bound by the phase-out date. The document further highlights EPH's role as the second-largest gas power developer in Europe, with over 4.7 GW in development, contradicting European decarbonization goals. It specifically urges Société Générale and its subsidiary Komercni Banka to cease financing EPH unless the company commits to a genuine coal exit by 2030 and halts new gas projects.

The F-List 2024 documents 1,010 fossil fuel contracts held by 590 advertising and PR agencies during 2023-2024. It highlights the role of major holding companies in sustaining the fossil fuel industry's public image and lobbying efforts, while noting a growing trend of agencies rejecting such clients due to talent retention risks and environmental concerns.

The document positions cities as central actors in the global movement to end fossil fuel dependence, noting that while they are major emitters, they can lead through 'city diplomacy' and local policy. It outlines 21 key recommendations divided into two main categories: enhancing city diplomacy and removing the 'social licence' of the fossil fuel industry, and implementing sectoral decarbonisation in transportation, energy, the built environment, and waste management. The brief emphasizes that urban action must be coupled with national-level pressure to ensure a just transition for workers and marginalized communities.

The policy brief argues that achieving the EU's climate goals requires a rapid reorientation of private finance, as the current 'clean energy:fossil fuel' finance ratio for major EU banks is only 1.6:1. Reclaim Finance proposes four key measures: mandating a 6:1 investment ratio in clean energy versus fossil fuels by 2030, requiring robust and binding climate transition plans aligned with a 1.5°C trajectory, prohibiting financial services for new fossil fuel production projects based on the 'do no significant harm' (DNSH) principle, and urging the European Central Bank to offer preferential refinancing rates for sustainable activities, such as energy-efficient building renovations.