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The Asian Infrastructure Investment Bank (AIIB) now also held its annual meeting. We demand that the democratically elected governments of AIIB shareholders must aggressively uphold a values-driven foreign policy, which is also committed to climate protection.

• 46% of companies on the GCEL still developing new coal assets 
• New coal projects could increase thermal coal production by 37% 
• Less than 3% of GCEL companies have announced timely coal exit dates

• The first global compilation of companies arming warring states
• Between 2015 and 2020, states involved in the wars in Libya, Yemen, and the Kashmir conflict received the most arms deliveries
• Politicians and the finance industry must act: The arms industry needs stronger regulation and should not be classified as social or sustainable

Today, Allianz, currently one of the world's biggest oil and gas insurers, committed to stop insuring and investing in new oil and gas fields, new oil power plants, new midstream oil infrastructure, and practices relating to the Arctic as of January 2023, and will not renew existing contracts for such projects as of July 1, 2023.

The International Monetary Fund and its shareholders are working at cross-purposes with their own stated climate commitments and goals by driving fossil fuel dependency in countries around the world through the institution’s lending, surveillance and capacity building activities. According to a technical brief released today from Friends of the Earth, Gender Action, Urgewald, Recourse, and Oil Change International, the IMF must stop undermining countries’ just transition away from fossil fuels in order to align with its own climate goals and shareholders’ climate agendas.

• 57 international companies involved in 48 joint ventures with Russian oil and gas companies in 21 countries 
• 14 of these joint ventures are producing oil and gas within Russia 
• Since 2019, the Russian fossil fuel industry received close to US$ 70 billion in financing