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PGE: the top coal-fired utility in Europe does not intend to step down
PGE is identified as the most coal-intensive utility in Europe, with 15 GW of capacity and 71% of its revenue derived from coal. The company plans to exit coal by 2049 and is currently expanding the Turów coal mine and developing new gas power plants. The document highlights a contradiction in BlackRock's investment in PGE given BlackRock's 1.5°C alignment pledges.
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Document type: Statement
As the latest IPCC report is release, climate researcher calls for a Fossil Fuel Treaty
Climate researcher Julia Steinberger asserts that the latest IPCC report confirms that tackling fossil fuel production is essential to limiting global warming to 1.5C. She argues that current international frameworks, including the Paris Agreement, are insufficient because they do not explicitly address the production of coal, oil, and gas. To remedy this, she advocates for a Fossil Fuel Non-Proliferation Treaty, a binding global agreement designed to coordinate an equitable phase-out of fossil fuels. The author also links the dependence on fossil fuels to the conflict in Ukraine, suggesting that a transition to renewable energy is necessary for both climate stability and global peace.
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Document type: Statement
Microsoft Word - Fossil fuels RAEng letter SGR.docx
SGR calls on the Royal Academy of Engineering to phase out financial ties to companies not aligned with the Paris Agreement's 2C goal, increase transparency on corporate payments and investments, and adopt fossil-fuel-free investment indexes.
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Document type: Statement
ASEAN economies’ exposure to climate transition risks
The report analyzes the vulnerability of ASEAN economies to climate transition risks, highlighting a significant reliance on fossil fuels for electricity generation. It finds that carbon-intensive sectors represent approximately 25% of corporate bond issuance in the region, with a substantial portion of loans and bonds facing refinancing risks by 2030. The authors argue that current industrial classification systems are inadequate for identifying these risks and recommend that ASEAN central banks develop comprehensive 'green' and 'brown' taxonomies to enhance climate risk disclosures and manage potential asset stranding.
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Document type: Report
THE ASSET MANAGERS FUELING CLIMATE CHAOS
The 2022 scorecard by Reclaim Finance finds that 30 of the world's largest asset managers hold US$ 550bn in major fossil fuel developers and generally fail to restrict investments in new coal, oil, and gas projects. Despite many pledging carbon neutrality by 2050, the report argues their engagement policies are 'toothless,' lacking clear demands for absolute emission reductions or the cessation of new supply projects. Passive investment is highlighted as a significant loophole, with most managers failing to apply exclusion rules to their passive portfolios.
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Document type: Report
Royal Academy of Engineering (RAEng) Update on financial links with fossil fuels corporations
The report by Scientists for Global Responsibility (SGR) examines the Royal Academy of Engineering's (RAEng) continued financial ties to the fossil fuel industry. It highlights that RAEng lacks a blanket exclusionary investment policy, maintains corporate partnerships with BP and Shell, and accepts funding from the Shell Centenary Scholarship Fund. SGR argues these links contradict RAEng's 2025 goal of building a sustainable society and notes that several peer academic and professional bodies have already divested from fossil fuels.
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Document type: Report
Microsoft Word - IET letter on fossil fuels SGR.docx
Scientists for Global Responsibility (SGR) has called on the Institution of Engineering and Technology (IET) to phase out financial ties to fossil fuel companies, specifically those not aligned with the Paris Agreement's 2°C goal. While acknowledging the IET's commitment to net-zero operations within ten years, SGR highlights ongoing concerns regarding the IET's investments in oil sands and thermal coal, a lack of transparency in corporate payments, and the absence of a formal environmental policy. SGR recommends that the IET adopt fossil fuel-free indexes, report the carbon footprint of its investment portfolio, and align its practices with other professional bodies that have already divested from fossil fuels and arms.
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Document type: Statement
Copy of an email sent to you on 14th March 2022
Scientists for Global Responsibility (SGR) has called on the Energy Institute to end its financial ties to fossil fuel companies and formalize a policy against investing in arms. While acknowledging the Institute's adoption of a net zero pledge and climate action charter, SGR highlights ongoing concerns regarding a lack of transparency in investments and lax policies compared to other professional bodies. SGR proposes a series of actions, including disclosing corporate payments over £1,000 and investments over £5,000, phasing out ties to companies not aligned with the 2°C Paris Agreement goal, and redirecting funds toward renewable energy and energy storage.
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Document type: Statement
Microsoft Word - IMechE letter SGR.docx
Scientists for Global Responsibility (SGR) has written to the Institution of Mechanical Engineers (IMechE) expressing concern over its continued financial ties to the arms and fossil fuel sectors. SGR calls for a rapid phase-out of investments and sponsorships from companies whose carbon targets are not aligned with the Paris Agreement's 2C goal, as well as the elimination of links to the military technology industry. The letter demands greater transparency regarding corporate payments and investments, and encourages IMechE to join climate initiatives like the Pledge to Net Zero and the Professional Bodies Climate Action Charter, noting that other professional bodies such as the British Medical Association and the Royal Meteorological Society have already implemented similar divestment policies.
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Document type: Statement
Microsoft Word - AAS Letter.docx
The document is a letter from Scientists for Global Responsibility (SGR) to the CEO of the American Astronomical Society (AAS). SGR expresses concerns regarding the AAS's lack of transparency in investments, potential financial ties to the arms and fossil fuel industries, and the absence of a formal environmental policy. The letter demands a series of actions, including the disclosure of investments over $5,000, a phase-out of ties to companies not aligned with the 2C Paris Agreement goal, and the adoption of fossil-fuel-free indexes. SGR cites examples of other professional bodies and universities in the US and UK that have already divested from fossil fuels and arms to highlight the shift in expectations for climate governance.
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Document type: Statement
Microsoft Word - ACS Final Letter .docx
SGR identifies several governance failures at the American Chemical Society (ACS), including a lack of environmental policy and transparency regarding investments. The organization demands that the ACS phase out financial ties to companies not aligned with the Paris Agreement's 2 goal, adopt fossil fuel-free indexes, and report its investment portfolio's carbon footprint. SGR cites a growing trend of divestment among other professional bodies, universities, and scientific organizations as a benchmark for these demands.
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Document type: Statement
Microsoft Word - AGU Letter .docx
In a letter dated 10 March 2022, Scientists for Global Responsibility (SGR) acknowledges the American Geophysical Union's (AGU) commitment to fossil fuel divestment and net carbon neutrality but requests specific details on the timeline, exclusion strategies, measurement methods, and transparency of these investments. SGR calls on the AGU to redirect investments toward climate mitigation technologies, report its portfolio's carbon footprint, sever ties with corporations guilty of major malpractice, and sign the Pledge to Net Zero. The letter suggests a completion deadline of mid-2023 and references the 'Science Oath for the Climate' and the impact of COP26 and legal rulings against Shell as drivers for improved climate governance.
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Document type: Statement
Microsoft Word - AMS Letter.docx
Scientists for Global Responsibility (SGR) has called on the American Meteorological Society (AMS) to address concerns regarding its lack of transparency and potential financial ties to the fossil fuel and arms industries. SGR requests that the AMS disclose investments over $5,000, phase out ties to companies not aligned with the 2°C Paris Agreement goal, and adopt a formal environmental policy. The letter highlights a growing trend of divestment among other scientific bodies, such as the American Geophysical Union and the Royal Meteorological Society, as well as numerous universities in the US and UK.
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Document type: Statement
Microsoft Word - APS Letter.docx
SGR calls on the American Physical Society to disclose investments over $5,000, phase out ties to companies not aligned with the 2°C Paris Agreement goal, and adopt a formal environmental policy. The letter highlights a trend of divestment among other professional bodies and universities in the US and UK.
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Document type: Statement
Microsoft Word - ASA Letter.docx
SGR has called on the American Statistical Association (ASA) to address a lack of transparency regarding its investments and potential financial ties to the arms and fossil fuel industries. The organization demands that the ASA phase out investments in companies not aligned with the 2C Paris Agreement goal, adopt a formal environmental policy, and report the carbon footprint of its investment portfolio. SGR cites examples of other professional bodies and universities in the US and UK that have already divested from fossil fuels as a benchmark for responsible governance.
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Document type: Statement
Microsoft Word - ASCE Letter .docx
Scientists for Global Responsibility (SGR) has written to the American Society of Civil Engineers (ASCE) expressing concerns over its lack of transparency regarding investments and potential financial ties to the arms and fossil fuel sectors. SGR calls on ASCE to disclose investments over $5,000, phase out ties to companies not aligned with the 2C Paris Agreement goal, and adopt an environmental policy. The letter highlights a growing trend of divestment among other professional bodies, universities, and scientific organizations in the US and UK as a benchmark for responsible climate governance.
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Document type: Statement
Microsoft Word - EA Letter.docx
Scientists for Global Responsibility (SGR) has written to Engineers Australia (EA) expressing concerns over its lack of transparency regarding investments and potential financial ties to the fossil fuel and arms sectors. SGR calls for EA to disclose investments over $5,000, phase out ties to companies not aligned with the 2°C Paris Agreement goal, and adopt a formal environmental policy. The letter highlights a broader trend of divestment among professional bodies and universities in the UK and US, such as the American Geophysical Union and Harvard University, as evidence of shifting expectations for climate governance.
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Document type: Statement
Microsoft Word - GSA Letter.docx
Scientists for Global Responsibility (SGR) has called on the Geological Society of America (GSA) to reform its investment practices, citing a lack of transparency and potential financial ties to the fossil fuel and arms industries. SGR demands that the GSA disclose investments over $5,000, phase out ties to companies not aligned with the 2°C Paris Agreement goal, and redirect funds toward climate mitigation technologies. The letter highlights a growing trend of divestment among other professional bodies, such as the American Geophysical Union, and various universities in the US and UK.
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Document type: Statement
Microsoft Word - IChemE Letter.docx
Scientists for Global Responsibility (SGR) has called on the Institution of Chemical Engineers (IChemE) to reform its financial practices, citing a lack of transparency and continued ties to fossil fuel and arms industries. SGR demands that IChemE disclose investments over £3,500, phase out ties to companies not aligned with the 2°C Paris Agreement goal, and adopt fossil fuel-free indexes. The letter highlights a broader trend of divestment among other professional bodies, universities, and medical organisations in the UK and US as a benchmark for responsible climate governance.
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Document type: Statement
An immediate end to your support for fossil fuel companies in Russia
A coalition of international environmental and social organizations has demanded that a wide range of global banks, insurers, and asset managers immediately stop providing financing, investment, and insurance to Russian coal, oil, and gas companies. The letter argues that financial support for these entities directly fuels the war in Ukraine and contradicts commitments to carbon neutrality. The signatories specifically request the divestment of existing assets and the suspension of services for non-Russian companies still active in Russia, such as TotalEnergies and Wintershall DEA, noting that BP, Shell, Equinor, and ExxonMobil have already committed to withdraw.
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Document type: Statement