Founded in March 2020, Reclaim Finance is made up of a multi-disciplinary team with backgrounds in finance, public administration, non-for-profits and law. Led by Goldman prize winner Lucie Pinson, Reclaim Finance aims to end the use of finance as a tool for continuing the consumption of fossil fuels and overexploitation of natural resources.

Reclaim Finance operates as both an NGO and a think tank, maximising its effectiveness by aiding financial institutions and decision-makers in achieving their sustainability goals while also raising awareness of negative business practices in the financial sector as an NGO.

Reclaim Finance has identified three main goals to be achieved to avoid climate catastrophe:

• Stop the expansion of fossil fuels by preventing future coal-based projects from going ahead.
• Exit coal for good by Urging financial institutions to adopt a public policy on coal, aiming to align their financial services with the target of limiting global warming to 1.5ºC above pre-industrial levels. This means immediately ceasing all financial services supporting sector expansion and adopting a strategy for shutting down the world’s existing coal infrastructure.
• Make money work for the climate by pressuring financial institutions to discontinue their support of the fossil fuel industry.

Reclaim Finance’s main operations include:

• Research – conducting research on financial institutions’ practices, how they support or hinder ecological transition, and the needed measures to address climate emergency.
• Engagement – meeting with financial and political decision-makers to present their recommendations, and support those who want to make a change in transforming their practices.
• Campaigning- publicly exposing financial institutions who hinder climate-related regulations, and whose practices violate human rights and destroy the environment.

Vision:

Reclaim Finance’s vision is to create a financial system that supports the transition to sustainable societies that preserve ecosystems and satisfy people’s basic needs.

Reclaim Finance is funded by private foundations and individual donations. They do not receive any funding from financial entities and are independent of companies, political parties and religious organisations. Some of their main donors include the Grassroots Foundation, Sunrise Project, Tilia Fund, Laudes Foundation, KR Foundation, Wallace Global Fund, Fondation Lemarchand, Fondation Mécénat Léa Nature and 1% For The Planet.

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