Coal Truck

Welcome to the Global Coal Exit List

The Global Coal Exit List (GCEL) is a unique, public database, which provides key statistics on companies throughout the entire thermal coal value chain. It aims to capture the world’s coal industry as a whole and serves as an information source and a divestment tool for the finance sector. 

Coal is the single biggest contributor to climate change, and phasing out investments in the coal industry is the single most important step financial institutions can take to protect our climate. According to the 2018 IPCC report, coal-fired power generation must decrease by 78% by 2030 if we want to keep the 1.5°C limit within reach. Achieving this goal requires immediate action by banks and investors.

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The GCEL is a practical tool that enables financial institutions to identify the ‘coal content’ of their portfolios, to avoid new coal investments and to accelerate their departure from the coal industry. Since our database was first published in 2017, 200 financial institutions have become registered users of the GCEL. Many leading investors are now using our database not only to assess coal-related risks in their portfolios, but to plan and execute meaningful divestment steps.

The 2019 GCEL lists around 2,300 companies (parents and subsidiaries). It provides key information on these companies’ coal share of revenue (CSR), coal share of power production (CSPP), installed coal-fired capacity and annual coal production. It also identifies, which companies are planning an expansion of coal mining or coal power activities or are developing other coal infrastructure.

Our research mainly relies on public data provided by the companies themselves. Most of the information in the GCEL is extracted from companies’ reporting documents, investor presentations and their websites. Other important sources are publications by government agencies and stock exchanges.

Urgewald strives to facilitate impactful coal divestment and provide data on which financial institutions, academics, NGOs and journalists can rely on. We will continue refining the GCEL to incorporate new parameters and improve its data density. We aim to set the benchmark when it comes to capturing coal sector data and providing it in a way that is tailored to the needs of responsible investors.


 

 

For Investors – Get the list with ISIN codes

We provide a special version of the Global Coal Exit List with common financial identifiers (ISIN, Bloomberg Ticker, etc.) on request. We also offer in-depth webinars on the list.

What's so special about the Global Coal Exit List?

We also list private companies that engage in coal-related business activities, which is especially valuable to insurance companies.

Users of the Global Coal Exit List

Our database has more than 200 registered users from the finance sector.
Financial Institutions representing nearly US$ 10 trillion Assets under Management are applying one ore more of the Global Coal Exit List criteria.
Company Headquarter Absolute criteria Relative criteria Expansion criteria
Southern Energy Holdings Group Ltd.
China csr
Stanmore Coal
Australia csr
Taiwan Power Company (TAIPOWER)
Bengalla Mining Company
Taiwan >10GW csr | cspp
Vedanta Resouces Plc
Bharat Aluminium Co Ltd (BALCO) | Hindustan Zinc Ltd | MALCO Energy Ltd (MEL) | Talwandi Sabo Power Limited (TSPL) | Vedanta Finance (Jersey) Limited | Vedanta Finance UK Limited | Vedanta Limited | Vedanta Resources Finance Limited | Vizag General Cargo Berth Private Limited (VGCB)
United Kingdom cspp
Aboitiz Equity Ventures
Aboitiz Power Corporation | Therma Visayas Inc (TVI)
Philippines csr | cspp
ACB (India) Limited
Maruti Clean Coal and Power | Spectrum Coal And Power Ltd | Swastik Power and Mineral Resources Private Limited | TRN Energy Pvt Ltd
India csr | cspp
ACWA Power
ACWA Power Barka SAOG | Hassyan Energy Company F16 | NOMAC First National Operation & Maintenance Company
Saudi Arabia
AES Corporation
AES Argentina | AES Gener SA | AES India | AES Kilroot Power Ltd | AES-VCM Mong Duong Power Co Ltd | Dayton Power & Light Co | DPL Inc | Empresa Eléctrica Guacolda SA | Generadora de Electricidad ITABO | Indianapolis Power & Light Co (IPL) | Norgener S.A. | Odisha Power Generation Corp (OPGC)
USA csr | cspp
African Energy Resources
Australia
AGC Inc (Asahi Glass Co Ltd)
PT Asahimas Chemical (ASC)
Japan
AJ Lucas Group Ltd
Australia csr
Al Nowais Investments LLC
AMEA Power | Ayoun Moussa Power International Ltd
United Arab Emirates
ALLEGIANCE COAL LTD
Australia
Alliant Energy Corp.
Alliant Energy Finance LLC | Interstate Power & Light Co | Wisconsin Power & Light Co
USA csr | cspp
Altona Energy Plc
Ackaringa Coal Chemical Joint Venture Co Pty Ltd | Ackaringa Energy Pty Ltd
United Kingdom
Ameren Corporation
Ameren Illinois Co | Ameren Missouri | LSP GEN FINANCE CO LLC
USA csr | cspp
Anhui Province Energy Group Co Ltd (Wenergy Group)
Anhui Anqing Wanjiang Power Co. Ltd. | Anhui Wenergy Co. Ltd. | Guizhou Anlong Xinyu Resources Development Co | Shenwan Energy Co. Ltd.
China csr | cspp
Anshan Heavy Duty Mining Machinery Co. Ltd.
China csr
ARS Energy Pvt Ltd
India csr | cspp
Asia Coal Ltd
China (Hong Kong) csr

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Coalexit.org is a platform free of charge. However, it is based on a years-long and extremely costly research. Please help Urgewald with your donation.