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ClientEarth advises a UK pension scheme's trustees to cease providing bond capital to energy companies unless they have credible net-zero transition plans and enforceable bond covenants. The letter asserts that climate change represents a material financial risk—including physical, transition, and litigation risks—that trustees must manage to meet their legal fiduciary duties and protect beneficiaries' interests.

A coalition of civil society organizations urges CETP signatories to bridge the gap between fossil fuel divestment and clean energy investment. While signatories shifted an estimated USD 6.5 billion away from fossil fuels in the first year, clean energy financing increased by only USD 5.2 billion. The statement demands that signatories set targets to match these levels by 2024, prioritize low-income countries and small island developing states, and ensure financing is rights-based and community-led.

The report examines the risks associated with LNG export projects in Mozambique, particularly those involving the European Union. It finds that these projects have caused social displacement, environmental damage, and increased sovereign debt without delivering promised economic development. The authors argue that the 'gas for development' narrative is unsupported by evidence, as Cabo Delgado's socio-economic conditions have worsened since gas discoveries. Financial risks include volatile global gas prices, declining long-term demand due to the energy transition, and contractual designs that delay government revenues until the 2030s. Furthermore, the report highlights an erosion of sovereignty through investor-state dispute settlement (ISDS) mechanisms and the prioritization of infrastructure security over civilian protection. It recommends that Mozambique reassess operational projects, halt new LNG developments, and prioritize sustainable economic diversification.

Reclaim Finance argues that current climate commitments by French life insurers contain significant gaps, noting that approximately 45% of life insurance assets bypass these engagements. The organization recommends extending investment policies to unit-linked accounts (UC) and indirect investments, leveraging influence over asset management companies, and expanding the scope of excluded fossil fuel projects to include infrastructure like LNG and pipelines.

The Net Zero Finance Tracker (NZFT) methodology establishes a system for monitoring how financial institutions transition from climate intentions to real-world results. It employs a three-dimensional assessment framework—Targets, Implementation, and Impact—using a combination of qualitative tiered badges and quantitative metrics. The current version focuses on 553 members of the Glasgow Financial Alliance for Net Zero (GFANZ), representing USD 85 trillion in assets. The methodology emphasizes transparency, concreteness, and ambition, utilizing data from approximately 30 providers to track indicators such as mitigation targets, TCFD disclosures, and project-level clean energy financing.

The report finds that while CETP signatories have made significant progress in restricting fossil fuel finance, they have lagged in scaling up clean energy support. In 2022, signatories shifted USD 6.5 billion out of fossil fuels but only USD 5.2 billion into clean energy. Most high-income signatories lack concrete, publicly available targets and strategies to 'fully prioritize' clean energy, and financing remains heavily concentrated in upper- and middle-income countries, with no low-income countries among the top 20 recipients between 2020 and 2022.

The 2023 Scorecard on Insurance, Fossil Fuels and the Climate Emergency finds that while more insurers are adopting coal exit policies, the industry's overall response to the climate crisis remains inadequate. Most insurers continue to underwrite the expansion of oil and gas infrastructure, and many have abandoned net zero commitments due to political pressure in the United States. The report highlights a contradiction where insurers withdraw cover from climate-affected regions while continuing to fund the fossil fuel industry.

Reclaim Finance recommends that French life insurers implement a Climate/Energy policy across all asset classes to end support for fossil fuel expansion. The guide details specific implementation paths for 'fonds euro' (general funds) and 'unités de compte' (unit-linked accounts), proposing a phased timeline from 2024 to 2026 to pressure asset management companies (SdG) into compliance through divestment threats and strict selection criteria.

The author contends that the cancellation of the Climate Finance Day, organized by the Institut de la Finance durable (IFD), signals a failure by Bruno Le Maire and Paris financial actors to establish the city as a capital of green finance. The text highlights a perceived shift back toward 'climaticide' finance, noting that previous requests for financial actors to exit unconventional oil and gas were not enforced. Furthermore, the author expresses concern that the upcoming revision of the ISR label may fail to exclude fossil fuel companies like TotalEnergies, thereby undermining the goal of mobilizing French savings for the energy transition.

The guide 'Creative Climate Justice in Norway' calls on the Norwegian performing arts and cultural sectors to shift their focus from individual environmental measures to systemic change. It highlights the contradiction between Norway's domestic green initiatives and its role as a major oil and gas exporter, arguing that this policy disproportionately harms the Global South and reinforces colonial and racist structures. The document provides a roadmap for cultural workers to advocate for climate justice, divest from fossil fuels, and amplify the voices of frontline communities.

Reclaim Finance criticizes Natixis IM for its inconsistent climate policies across its 19 affiliates, highlighting that while some are compliant, others like Loomis Sayles continue to invest in fossil fuel expansion and coal. The organization urges Natixis IM and BPCE to implement a common climate roadmap and a coal exit policy for all affiliates to align with the 2019 commitment made by the Paris financial center.

The document argues that current climate stewardship is failing to align corporate strategies with the 1.5°C goal, citing the limited impact of initiatives like Climate Action 100+. It provides a detailed framework for credible engagement and voting policies, emphasizing the need for time-bound demands, systematic escalation strategies including divestment, and comprehensive reporting of both activity and outcome indicators. The guide also offers specific sectoral demands for high-emitting industries and guidance for corporate bondholders and asset owners.

The guide argues that banks should move beyond siloed engagement to a coordinated 'multi-level' approach involving clients, sectors, and policy makers. It highlights the need for internal coordination led by sustainability teams, refined escalation processes for non-compliant clients, and scaled sector-level engagement through platforms like the Poseidon Principles.

The document claims that momentum has stalled regarding coal exit policies in the Paris financial center since 2019, despite previous threats of legislation by the French Minister of the Economy.

Reclaim Finance reports that the Paris financial center's transition away from coal has stalled, with many institutions maintaining weak policies or continuing to support coal developers. The analysis highlights gaps in exclusion criteria, the failure of passive funds to exclude fossil fuel bonds, and a lack of comprehensive exit plan requirements for portfolio companies. The document criticizes the French government for failing to legislate or enforce these commitments despite warnings from regulators.

A group of Norwegian cultural workers and artists call for an immediate end to new oil and gas exploration, arguing that the government's announcement of 92 new blocks contradicts the goals of the Paris Agreement and the warnings of the UN and IEA. The signatories emphasize that fossil fuel use drives the climate crisis, causing extreme weather events globally and threatening cultural heritage and human rights, and urge Norway to lead a just transition toward renewable energy.

The document addresses the mass exit of insurers from the Net Zero Insurance Alliance (NZIA) following threats of antitrust legal action from 23 US state attorneys general. It asserts that climate change is already destabilizing the insurance business model through soaring catastrophe losses, particularly in North America, and urges insurers to stop funding climate-denying politicians and phase out fossil fuel support.

Reclaim Finance and a coalition of 14 organizations have issued an open letter to Thierry Léger, the new CEO of SCOR, urging the French reinsurer to stop supporting the expansion of fossil fuels. The letter highlights that SCOR is the last major European reinsurer still providing coverage for new gas fields. The authors request that SCOR's new strategic plan, to be presented at the general assembly on May 25, include commitments to cease coverage for new oil and gas fields—removing exceptions for companies claiming to be "in transition"—and to stop covering midstream infrastructure, specifically liquefied natural gas (LNG) terminals.

The briefing proposes a Fossil Fuel Non-Proliferation Treaty based on three pillars: preventing new exploration licenses, phasing out existing production equitably, and ensuring a just transition for workers and dependent communities. It outlines a strategy for 'precursor countries' to drive international cooperation, suggests specific diplomatic actions for national governments, and provides a menu of domestic policy options to reduce fossil fuel dependency.

The report finds that The Carlyle Group maintains a lopsided energy portfolio with approximately $22.4 billion in carbon-based energy compared to $1.4 billion in renewable energy. It argues that private equity firms act as 'pollution financiers of last resort,' acquiring dirty assets divested by public companies to allow those companies to greenwash their images while emissions continue. Between 2011 and 2021, Carlyle's fossil fuel investments contributed at least 277 million metric tons of greenhouse gases.