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.

Register here to view and download the full data.

read more

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.

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.



Global Coal Exit List

Company Headquarter Absolute criteria Relative criteria Expansion criteria
Huainan Huaizhe Coal & Power
China cspp
Hwa Ya Power Corp
Taiwan cspp
IC İbrahim Çeçen Yatırım Holding (IC Holding)
IC İÇTAŞ Enerji | Yeniköy Kemerköy Elektrik Üretim ve Ticaret AŞ.
Turkey cspp
Ind-Barath Power Infra Limited (IBPIL)
Ind-Barath Energy (Utkal) Limited | Ind-Barath Power Gencom | Ind-Barath Thermal Power Limited | PT Ind-Bharath Energy
India csr | cspp
India Power Corp. Ltd
Inner Mongolia Erdos Investment Holding Group Co Ltd (Erdos Group)
International Coal Ventures Private Limited (ICVL)
Rio Tinto Coal Mozambique
India csr
ITOCHU Corporation
Bhimasena Power Indo (BPI) | Itochu Australia Ltd | ITOCHU Coal Americas Inc. | ITOCHU Coal Resources Australia Pty Limited (ICRA) | Itochu Enex Co Ltd
Japan Oil Gas and Metals National Corporation (JOGMEC)
JX Nippon Oil & Energy (Australia) Pty Ltd
Australia csr
Kaisun Holdings Limited
China (Hong Kong) csr
Karnataka Power Corporation Limited (KPCL)
Raichur Power Corporation Limited (RPCL)
India csr | cspp
Kazakhstan Utility Systems LLP
AES Kazakhstan
Kazakhstan csr | cspp
Kinetic Mines and Energy Ltd
China (Hong Kong) csr
Korea Electric Power Corporation (KEPCO)
Gangneung Eco Power Co Ltd | KEPCO Engineering & Construction Company Inc (KEPCO E&C) | KEPCO Philippines Corporation (Kephilco) | KEPCO Philippines Holdings Inc | KEPCO SPC Power Corporation (KSPC) | Korea EastWest Power Co Ltd (EWP) | Korea Midland Power Co Ltd (KOMIPO) | Korea South-East Power Co Ltd (KOEN) | Korea Western Power Co Ltd (KOWEPO) | Korea Southern Power Co Ltd (KOSPO) | Nghi Son 2 Power LLC | PT Adaro Energy Tbk | PT Bayan Resources Tbk | PT Cirebon Electric Power (CEP) | PT Cirebon Energi Prasarana (CEPR) | PT Cirebon Power Service (CPS) | PT Tanjung Power Indonesia (TPI)
South Korea >10GW csr | cspp
KSK Energy Ventures Pvt Ltd
KSK Electricity Financing India Private Limited | Sai Wardha Power Generation Limited
India csr | cspp
KVK Energy & Infrastructure Pvt Ltd
Lanna Resources PCL
PT Lanna Harita Indonesia | PT Lanna Mining Services | PT Singlurus Pratama | United Bulk Shipping Pte Ltd
Thailand csr
LDO Coal Pty Ltd
Fassi Coal Pty Ltd | LakeCoal Pty Ltd
Australia csr
LG International
PT Ganda Alam Makmur | PT Mega Prima Persada (MPP)
South Korea

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.

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