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
Posco
AESVCM Mong Dong Power Co Ltd | Baganuur Energy Corporation | Hume Coal | Posco Australia | POSCO Capital Co Ltd | Posco Daewoo Corporation | Posco Energy Co Ltd | Posco Engineering & Construction Co. Ltd. | Postech Venture Capital Corp
South Korea
PT Exploitasi Energi Indonesia Tbk
Indonesia csr | cspp
PT Harum Energy Tbk
Baralaba Coal Company Ltd | Harum Energy Capital Limited | PT Karya Usaha Pertiwi (KUP) | PT Layar Lintas Jaya (LLJ) | PT Lotus Coalindo Marine (LCM) | PT Mahakam Sumber Jaya (MSJ) | PT Tambang Batubara Harum (TBH)
Indonesia csr
Shanxi International Energy Group
Gemeng International Energy Co Ltd
China csr | cspp
Shougang Fushan Resources Group Ltd
China (Hong Kong) csr
SouthGobi Resources Ltd
Canada csr
Universal Coal plc
United Kingdom csr
Berkshire Hathaway Energy Company
Bridger Coal Company | MidAmerican Energy Co | MidAmerican Funding LLC | NV Energy | PacifiCorp | PacifiCorp Capital Corp (PacifiCorp Financial Services Inc/PacifiCorp) | PacifiCorp Capital I (PacifiCorp) | PacifiCorp Capital II (PacifiCorp) | PacifiCorp Financial Services (PacifiCorp) | SCOTT FETZER FINANCIAL | Trapper Mining Inc.
USA cspp
Black Hills Corp
USA csr | cspp
Feishang Anthracite Resources Ltd
China (Hong Kong) csr
Fujian Energy Group Co Ltd
Fujian Hongshan Thermal Power Co Ltd
China cspp
Inner Mongolia Shuangxin Energy & Chemical Co Ltd
Erdos Shuangxin Electric Power Co Ltd
China csr | cspp
J-POWER (Electric Power Development Co Ltd)
Birchwood Power Partners Lp | Kashima Power Co Ltd | PT Bhimasena Power Indo (BPI) | Yamaguchi-Ube Power Generation Co Ltd
Japan csr | cspp
Lao Holding State Enterprise (LHSE)
Hongsa Power Company Limited | Phu Fai Mining Company Limited
Laos csr | cspp
Mitsui & Co Ltd
BHP Billiton Mitsui Coal (BMC) | Mitsui Coal Holdings (Australia) Pty Ltd | Nacala Corridor Holding Netherlands B.V. | Safi Energy Company | Vale Moçambique
Japan
Navajo Transitional Energy Company
USA csr
Premogovnik Velenje d.d.
Slovenia csr
PT Bina Insan Sukses Mandiri
Indonesia csr
PT Mitrabara Adiperdana
Indonesia csr
Royal Energy Resources Inc
Rhino Resource Partners LP
USA 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.