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.

read more

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
Energy Earth Public Company Ltd
Energy Earth (Hong Kong) Co. Ltd. | Energy Perfect Co Ltd | Guangdong Energy Earth Co. Ltd. | PT Balayan Abadi Prima Coal (BAPC) | PT Tri Tunggal Pitriati (TTP)
Thailand csr
Engro Energy Ltd
Engro Powergen Thar (Private) Limited | Sindh Engro Coal Mining Company (SECMC)
Pakistan csr | cspp
Essar Energy Ltd
Mauritius cspp
Eta-Zuma Group
Zuma 828 Coal Ltd | Zuma Energy Ltd
Nigeria
First Pacific Co Ltd
Global Business Power Corporation (GBPC) | Global Luzon Energy Development Corp (GLEDC) | Manila Electric Co (MERALCO) | Mariveles Power Generation Corporation (MPGC) | MERALCO PowerGen Corporation (MGen) | Metro Pacific Investments Corporation (MPIC) | Panay Energy Development Corporation (PEDC) | San Buenaventura Power Ltd Co (SBPL) | San Ramon Power Inc | Sarangani Energy Corporation | St. Raphael Power Generation Corp | Toledo Power Company
China (Hong Kong)
Formosa Plastics Corporation
Hung Nghiep Formosa Hà Tĩnh Steel Corporation (FHS)
Taiwan
Fortis Inc
Central Hudson Gas & Electric Corp | FortisAlberta Inc | FortisBC Energy Inc | FortisOntario Inc | FortisTCI Ltd | ITC Holdings Corp | Maritime Electric Company Ltd | Tucson Electric Power Co | UNS Energy Corp
Canada cspp
Fushun Mining Group Co. Ltd
China csr
Great Southern Energy (Delta Coal)
Chain Valley Colliery
Australia csr
GS E&R
South Korea cspp
Guangxi Baise Mining Group
China
Gujarat Industries Power Co Ltd
India csr | cspp
GVK Coal Developers (Singapore) Pte. Limited
GVK Hancock
Singapore csr
Hanoi Industrial Construction and Investment JSC
Vietnam
Haoyu Group Co. Ltd.
China
Hargreaves Services PLC
United Kingdom csr
Hattat Holding
Batı Karadeniz Elektrik Üretim A.Ş. | Hattat Enerji and Maden A.Ş | Hema Elektrik Üretim A.Ş. | Hema Endustri A.S
Turkey
Hebei Port Group Co. Ltd
Qinhuangdao Port Co. Ltd. | Tangshan Caofeidian Coal Port Co. Ltd.
China csr
Hindustan Powerprojects Pvt Ltd
India csr | cspp
Huaihu Coal Electricity Co Ltd
China cspp

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.