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
An Khanh Group
Vietnam
Andhra Pradesh Power Generation Corporation (APGENCO)
India
Arctic Mining Company
Russia
Bajaj Hindusthan Sugar Limited
Bajaj Aviation Private Limited | Bajaj Energy Limited (BEL) | Bajaj Hindusthan (Singapore) Private Limited (BHSP) | Bajaj Infrastructure Development Company Ltd (BIDCO) | Bajaj Power Generation Private Limited | Lalitpur Power Generation Company Ltd | Pt Batu Bumi Persada | PT Jankar Prima Coal
India
Bihar State Power Holding Co Ltd (BSPHCL)
India
Bodi International Group
Tsetsens Mining and Energy LLC
Mongolia
Broto IPP
Ivory Coast
BuildMax Ltd
DieselPower
South Africa csr
Canham Mining International Limited
Australia
CESC Ltd
Crescent Power Limited | Dhariwal Infrastructure Limited (DIL) | Haldia Energy Limited (HEL)
India csr | cspp
China Kingho Energy Group Co. Ltd.
Carabella Resources Ltd | Ningxia Kingho Coal Chemical Group Co. Ltd. | Ningxia Kingho Group Coal Preparation Co. Ltd.
China csr
China Petrochemical Group (Sinopec Group)
China Petrochemical Corp (Sinopec Corp) | Sinopec Great Wall Energy & Chemical Co. Ltd. | Zhongtian Hechuang Energy Co Ltd
China
China Sinogy Electric
China cspp
China XLX Fertiliser Ltd.
China csr
CITIC Limited
CITIC Resources Holdings Limited | Sunburst Energy Development
China (Hong Kong) cspp
Colenso Power
South Africa
Comsar Energy
Comsar Energy Republika Srpska
Bosnia and Herzegovina
Dangote Industries Ltd
Nigeria
Eastern Pearl Co Ltd
Thailand csr
Elektrik Üretim A.Ş. Genel Müdürlüğü (EÜAŞ)
Turkey

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.