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
Weiqiao Textile Company Limited
China csr | cspp
West Bengal Power Development Corporation Limited (WBPDCL)
India csr | cspp
Westshore Terminals Investment Corp
Canada csr
White Energy Co Ltd
MOUNTAINSIDE COAL COMPANY | South Australian Coal Ltd
Australia csr
Wison Engineering Services Co. Ltd.
China csr
XCEL Energy Inc
Northern States Power Co (NSP) | Public Service Company of Colorado (PSCo) | Southwestern Public Service Capital I | Southwestern Public Service Company (SPS)
USA cspp
Xcoal Energy & Resources
USA csr
Xingyi Yangguang Assets Mgmt
Guizhou Jinzhou Power Co. Ltd | Guizhou Wanfeng Electric Power Co. Ltd | Shangcheng Power Co | Zhenfeng County Power Investment Co.
China
Xinyang Maojian Group Limited
China csr
Yildirim Group
Best Coal Company | Filiz Kirazlidere Power Generation Inc. | Sarikaya Karaburun Power Generation Inc. | Yildirim Energy Holding Inc | Yildirim Energy Investments Inc. | Yilyak
Turkey
YTL Power International Bhd
PT Jawa Power | PT Tanjung Jati Power | PT YTL Jawa Timur | YTL CORP FINANCE CAYMAN LTD | YTL UTILITIES FINANCE 2 LTD
Malaysia
Zesa Holdings (Pvt) Ltd
Zimbabwe Power Company
Zimbabwe cspp
Zhejiang Jindun Holding Group Company
China
Zhengzhou Coal Mining Machinery Group Co.Ltd.
China csr
Zhengzhou Zhongrui Industrial Group Co. Ltd.
China csr
Engie Deutschland
Germany cspp
Engie Energía Chile S.A. (EECL)
Chile csr | cspp
Shine Energy
Australia
Sunset Power International Pty Ltd (Delta Electricity)
Australia cspp
ALTURA MINING LTD
Australia

Support our Research

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.