Financial institutions continue to pour billions into the fossil fuel industry. Interrupting the flow is crucial to prevent the worst impacts of the climate crisis, which will hit poor communities the hardest. Before you can stop the flow of funds you have to know who is sending how much money where. To disrupt the finance of dirty-industry, Urgewald traces the flow of money to fossil fuels like coal, oil and gas and then publishes user-friendly databases. They persuade financial institutions to stop investing in fossil fuels by: 1) showing them the damage they’re doing, 2) creating reputational risk, and 3) mounting public campaigns. They then give them simple, industry-standard investment policies that exclude fossil fuels.
Urgewald has influenced the policies of many leading financial institutions so far, including Europe’s largest pension fund, and work strategically with regulators to adopt and enforce investment policies that exclude fossil fuel. Their successes have motivated other environmental organizations to adopt Urgewald’s approach, and they now partner with local NGOs to run effective public pressure campaigns around the globe.