About Us
We are the Finance Research Team at Urgewald. Investing in Climate Chaos is built and maintained by us, based on data researched by Profundo. We clean, analyse, and update the dataset and we are happy to help with questions about the data or support on how to use it in your campaign.
Finance Research Team
Please contact our International Communications Director for media inquiries, quotes, or interviews.
Press
“Investing in Climate Chaos is a very valuable resource for identifying investors who still support companies developing new fossil fuel projects. We regularly rely on their data to inform our own research and to urge investors to adopt concrete commitments to stop investing in fossil fuel expansion. Asset owners should also use the data in order to stop entrusting new investments to asset managers fueling the climate crisis.”
– Agathe Masson, Sustainable Investments Campaigner at Reclaim Finance
With Thanks to Our Endorsing Organizations
Investing in Climate Chaos focuses on institutional investors: the asset managers, pension funds, and insurance companies that hold shares and bonds in fossil fuel companies. But the financing of fossil fuels does not stop there. Banks also play a central role by providing loans and underwriting bonds directly to fossil fuel companies. Urgewald, together with other climate campaigning organizations, researches both sides of this picture.
Banking on Climate Chaos
Banking on Climate Chaos tracks the fossil fuel financing of the world's 65 largest banks, making it the most comprehensive analysis of fossil fuel banking produced to date. The report is published annually by a coalition of eight organisations including urgewald, Rainforest Action Network, Oil Change International and Reclaim Finance, and is endorsed by over 340 organisations in 55 countries worldwide.
Visit Banking on Climate ChaosStill Banking on Coal
Still Banking on Coal reveals which banks around the world are continuing to pump billions into the coal industry despite the climate crisis. The report tracks coal financing across banks globally, following the money from financial institutions to companies along the entire coal value chain.
Visit Still Banking on CoalWhat Is Urgewald?
Urgewald is a German environmental and human rights organisation campaigning to end the financing of fossil fuel expansion. A special trademark of Urgewald’s work is the combination of in-depth research of the fossil fuel industry and the finance sector. In 2015, it played a key role in moving two of the world’s largest investors - the Norwegian Government Pension Fund and the German insurance company Allianz to significantly reduce investments in the coal industry. These successes inspired Urgewald to develop the Global Coal Exit List, a database identifying coal companies across the entire coal value chain. The database was first launched in 2017 and is updated each year. In 2021, Urgewald launched the Global Oil & Gas Exit List and later, in 2025, the Metallurgical Coal Exit List. These publicly available databases are used as campaigning and research tools by NGOs around the globe and by financial institutions.
Investing in Climate Chaos is an Urgewald project and fully funded by us. To find out more about our funders, click here.