Joint open letter to the European Commission to exclude companies…

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Joint Statement

Joint open letter to the European Commission to exclude companies developing new fossil fuel projects from all sustainable fund categories

30 September 2025

Together with more than 100 NGOs, financial institutions, and academics, we have co-signed an open letter to Commissioners Albuquerque and Séjourné calling for strong safeguards on fossil fuel exclusions in the forthcoming revision of the Sustainable Finance Disclosure Regulation (SFDR).

The letter urges the European Commission to ensure that all newly established SFDR product categories exclude companies developing new fossil fuel projects, a necessary step to prevent greenwashing, align with climate science, and restore trust among citizens and retail investors.