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
Liaoning Energy Industry Holding Group Co. Ltd.
Liaoning Energy Investment Group Co Ltd
China csr
Lipari Energy Inc
USA csr
Magna Resources Corporation Pte Ltd
PT Barito Pacific Tbk | PT Indo Raya Tenaga
Singapore
Maikuben West Holding JSC
Kazakhstan csr
Malabar Coal Ltd
Australia
Marubeni Corporation
Axia Power Holdings BV | Cirebon Electric Power | Marubeni America Finance Corp | Marubeni Coal Pty Ltd | Marubeni Finance Holland BV (Marubeni Corp) | MARUBENI FINANCIAL SERVICE | Marubeni International Finance PLC(Marubeni Corp) | Marubeni Investment Corp | Marubeni Power Development Corporation | Marubeni Power International Inc | Nghi Son 2 Project | PT Cirebon Energi Prasarana (CEPR) | Team Energy Corp
Japan
Mercator Ltd
Oorja Holdings Pte Ltd
India csr
Minera San Roque FM
Peru csr
National Aluminium Co. Ltd. (NALCO)
India cspp
National Development Corporation
Tancoal Energy Ltd | Tanzania China International Mineral Resources Ltd
Tanzania
NC Energy
India
Ningxia Tianyuan Manganese Co
China
NTPC SAIL Power Company Limited
India csr | cspp
OOO UK Polysayevskaya (OOO Coal Company Polysayevskaya)
Russia
P&N Resources
USA csr
Phembani Group Pty Ltd
Exxaro Resources Ltd | Graspan Colliery Pty Ltd | Izimbiwa Coal Pty Ltd | Kangra Coal (Proprietary) Ltd | Shanduka Coal Pty Ltd | South Africa Energy Coal
South Africa
Phoenix Coal Co Inc
USA csr
PJSC Inter RAO
Inter Rao Credit B.V. | Inter RAO Engineering | JSC Eastern Energy Company | JSC Ekibastuz TPP-2 | Limited Liability Company Ugolny Razrez | TGC-11
Russia
Polyak Eynez Enerji Üretim Madencilik Sanayi ve Ticaret
Turkey
PT ABM Investama Tbk
PT Cipta Kridatama | PT Pelabuhan Buana Reja | PT Reswara Minergi Hartama
Indonesia 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.