In the face of mounting regulatory and scientific pressure, it is clear rules on capital flows that determine whether the economy is actually moving toward climate neutrality.
The appeal also stressed the need to prevent greenwashing. Today, we continue to see a phenomenon described by Reclaim Finance as. “fossil fuel phase-out mismatch”.” - a situation in which institutions declare climate goals while supporting projects that contradict the requirements of the 1.5°C scenario. This is not only a reputational problem, but also a growing financial risk.
As an organization that supports companies and institutions in building credible climate strategies, we at MATERIALITY believe that Measures labeled „sustainable” must be consistent with science and regulations. Consistent exclusion of fossil fuel expansion is a condition for real transformation - not just its narrative.
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