Our reports

Glencore, a top global coal producer, is expanding its thermal and metallurgical coal portfolio, at odds with climate imperatives. While European banks were among the first to adopt policies to restrict coal financing globally, some of them keep playing a critical role in supporting Glencore’s coal expansion. This report [...]

Transition plans are an essential tool to push financial institutions to break free from short-termism and align their activities with a 1.5°C trajectory. Yet, the first transition planning obligations adopted in the European Union are now threatened by the European Commission’s deregulation drive (“Omnibus” proposal). In this context, Reclaim [...]

The Norwegian Oil Fund, the world’s largest sovereign wealth fund, is responsible for investing the revenues earned by the Norwegian state from oil and gas for the benefit of future generations. While claiming to be a leader in sustainability, the Norwegian Oil Fund’s asset manager, NBIM, has not made [...]

In January 2025, 41 civil society organizations published a manifesto calling on the European Central Bank (ECB) to adopt measures to green its monetary policy. This year, the ECB will conclude a review of its monetary policy strategy. This provides the ideal opportunity to update the central bank’s “Climate [...]

To support the development of a sustainable power system, financial institutions must make strong commitments in the power generation sector and engage power utilities to adopt high standards transition plans.Currently, the climate strategies of the main European power utilities contain significant shortcomings. Moreover, they use heterogeneous assumptions, references, and timelines, [...]

Financial institutions do not finance “today’s economy”, they finance the economy of next year, of 2030, 2040 and the decades after. The services they provide enable companies to develop new projects, to launch products and to expand. A bank lending to a company helps it invest or continue operating [...]

Despite an ever-increasing climate bill and the growing risks of an uninsurable world, the major insurers are continuing to feed the fire by supporting the expansion of fossil fuels. This is what the members of the Insure our Future coalition, including Reclaim Finance, find in the latest ‘Insurance Scorecard’ [...]

In light of the surge in Liquefied Natural Gas (LNG) terminals over the past few years, Reclaim Finance sought to assess which financial institutions are behind the massive boom in LNG. While the International Energy Agency has stated for two years in its Net Zero Emissions by 2050 scenario [...]

Today, gas has a positive image among financial institutions. It is seen as a "low-carbon" source of energy which could be used to decarbonize many sectors of the economy. Reclaim Finance has analyzed six commonly-cited arguments which are used to justify continued financial support for gas expansion, despite scientific [...]

Three years after the International Energy Agency drew a red line outlawing fossil fuel expansion, and as new European legislation is about to come into force, Reclaim Finance wanted to check whether European banks were ready to shift away from financing the expansion of oil and gas. This new [...]