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
Zhengzhou Coal Industry Group Co Ltd
Zhengzhou Coal Industry & Electric Power Co Ltd
China csr
GMR Infrastructure
GMR Energy Limited | PT Golden Energy Mines Tbk (GEMS) | SJK Powergen Ltd
India cspp
PT Darma Henwa Tbk
PT Cipta Multi Prima | PT Dire Pratama | PT Bukit Makmur Mandiri Utama (BUMA)
Indonesia csr
QCoal Pty Ltd
Sonoma Mine Management Pty Ltd
Australia csr
Sibuglemet Holding
Russia csr
Blackhawk Mining LLC
James River Coal Co
USA csr
Chongqing Energy Investment Group
Chongqing Nantong Mining LLC | Chongqing Qineng Elec & Alumn | SPIC Chongqing Hechuan Power Generation Co
China cspp
New Hope Group
Bengalla Mining Company | New Hope Corp. Ltd.
Australia csr
Shaanxi Investment Group Co. Ltd
Shaanxi Energy Zhaoshipan Coal & Elec Co Ltd | Shaanxi Huisen Coal Industry Development Co Ltd | Shaanxi Qingshuichuan Energy Co Ltd | Shaanxi Qinlong Electric Power Co Ltd | Shaanxi Xianyang Thermal Power Development Co Ltd | Shangluo Power Co Ltd
China csr | cspp
Sino Sindh Resources
China
ZE PAK SA Group (Zespół Elektrowni Pątnów Adamów Konin SA)
Poland csr | cspp
China Aluminum Ningxia Energy Group Co. Ltd.
China csr | cspp
Gujarat Mineral Development Corp Ltd
India csr | cspp
Jingyuan Coal Industry Group
Gansu Jingyuan Coal Industry and Electricity Power Co Ltd | Jingtai Coal Industry Co. Ltd.
China csr
Mongolian Mining Corporation
Energy Resources LLC | Mongolian Coal Corporation Limited | Mongolian Coal Corporation S.à.r.l
Mongolia csr | cspp
Sev.en Energy Group
Coal Services a.s. | Sev.en Commodities AG | Sev.en EC a.s. | Severni Energeticka a.s. | Vršanská uhelná a.s.
Czech Republic csr | cspp
Shaanxi Non-ferrous Metals Holding Group Co Ltd (Shaanxi Youser Group)
Meixin Industry Investment Co
China cspp
ARM Coal
Goedgevonden (GGV) | Participative Coal Business (PCB)
South Africa csr
Çelikler Holding (Celikler Holding)
Çelikler Orhaneli Tunçbilek | Çelikler Seyitömer Elektrik Üretim A.Ş. | Dodurga Ayva Kömür İşletmesi | Seyitömer Linyit İşlemeleri
Turkey csr | cspp
Enea SA
Elektrownia Ostrołęka SA | Enea Ciepło Sp. z o.o. | Enea Elektrownia Połaniec S.A. | Enea Wytwarzanie SA | HAZELWOOD POWER FINANCE | Lubelski Wegiel Bogdanka SA | SUEZ FINANCE CORP
Poland csr | cspp

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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.