SFDR: 133 signatories to an open letter urging co-legislators "to exclude fossil fuel developers" (NGOs)

"We urge you to support the exclusion of companies developing new fossil fuel projects from all future Sustainable Finance Disclosure Regulation fund categories", demands an open letter signed by 133 stakeholders, including Reclaim Finance and WWF, on 19/02/2026.

"This implementable exclusion is essential to ensure alignment with EU climate commitments, prevent greenwashing and restore investor trust with a more coherent framework", said the parties in this open letter addressed to the members of the European Council and Parliament. Signatories were Civil society organisations, as well as financial institutions, experts and academics.

In the context of the review of the Sustainable Finance Disclosure Regulation (SFDR), the signatories called "to ensure all funds commercialised in the EU that claim to be in the “ESG basics”, “transition” or “sustainable” categories exclude companies developing new fossil fuel projects".

The NGOs "welcomed the exclusion of fossil fuel developers introduced by the European Commission in two of the three proposed SFDR categories (“sustainable” and…