The global campaign for a proposed Fossil Fuel Non-Proliferation Treaty, is calling on European governments and policymakers to commit themselves to such a legally binding, international treaty at the upcoming COP28 in Dubai.

As the first bank to join, Triodos Bank is also urging the other financial institutions to join this initiative and accelerate the just transition.

In supporting the fossil fuel treaty, Triodos Bank is joining 8 nation-states, over 3,000 scientists and academics, 101 Nobel laureates, hundreds of health professionals, thousands of religious institutions including, a growing number of Indigenous organisations and youth activists, almost 100 cities and subnational governments, more than 600 Parliamentarians across the world, and a growing number of businesses in calling for a treaty to phase out fossil fuels and fast track a fair energy transition.

Ali Sheridan, Director of Major Partnerships at The Fossil Fuel Non-Proliferation Treaty initiative, said: “We welcome Triodos Bank's support in becoming the first bank to back the call for a Fossil Fuel Non-Proliferation Treaty. The Treaty proposal seeks to ensure that governments finally assume their climate responsibilities and implement a just transition away from fossil fuel production, based on cooperation and equity. Businesses can play a leading role in building a fair and sustainable future, but it is imperative this is done in a credible way that ensures no one is left behind and that secures a fossil free future. Financial institutions in particular have a vital role to play in shifting away from enabling dangerous fossil fuel production towards actively supporting cleaner and fairer energy sources.”

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