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.

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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
Zhengzhou Zhongrui Industrial Group Co. Ltd.
China csr
Zhengzhou Coal Mining Machinery Group Co.Ltd.
China csr
Zhengzhou Coal Industry Group Co Ltd
Zhengzhou Coal Industry & Electric Power Co Ltd
China csr
Zhejiang Provincial Energy Group Co Ltd
Huainan Huaizhe Coal & Power Co Ltd | Jiaxing Power Generation Co Ltd | Ningbo Marine Co. Ltd. | Zhejiang Electric Power Construction Co Ltd | Zhejiang Zheneng Electric Power Co Ltd | Zhejiang Zhenhai Power Gen Co
China >10GW csr | cspp
Zhejiang Jindun Holding Group Company
Zesa Holdings (Pvt) Ltd
Zimbabwe Power Company
Zimbabwe cspp
ZAO Stroyservis
AO open cut mine Shestaki | OOO Razrez Berezovskiy | OOO Razrez Permyakovsky | OOO Shahta №12 | OOO SP Barzasskoye tovarischestvo”
Russia csr
Yunnan Investment Holdings Group Co Ltd
YUNNAN ENERGY INVEST | Yunnan Energy Investment(Overseas) Co Ltd | Yunnan Investment Holding Group Co Ltd | Yunnan Power Investment Co Ltd | Yunnan Provincial Energy Investment Group Co Ltd
China cspp
YTL Power International Bhd
Yildirim Group
Best Coal Company | Filiz Kirazlidere Power Generation Inc. | Sarikaya Karaburun Power Generation Inc. | Yildirim Energy Holding Inc | Yildirim Energy Investments Inc. | Yilyak
Yankuang Group Co Ltd
Ashton Coal Operations Ltd (ACOL) | Coal & Allied Industries Ltd | Austar Coal Mine Pty Ltd | Hunter Valley Operations (HVO) | Middlemount Coal Pty Ltd | Moolarben Coal Mines Pty Ltd | Shandong Hua Ju Energy Co Ltd (Hua Ju Energy) | Yancoal Australia Ltd | Yancoal International (Holding) Co Ltd | Yanmei Heze Energy & Chemistry Co | Yanzhou Coal Industry Ordos Energy Chemical Co. Ltd. | Yanzhou Coal Industry Shanxi Energy Chemical Co. Ltd. | Yanzhou Coal Industry Yulin Energy Chemical Co. Ltd. | Yanzhou Coal Mining Co Ltd | Yarrabee Coal Company Pty. Ltd.
China >20MT csr
Yangquan Coal Industry (Group) Co Ltd
Tongde Aluminum Co Ltd | Yangmei Chemical Co. Ltd. | Yangquan Coal Industry (Group) Co. Ltd.
China >20MT csr | cspp
Xuzhou Mining Group Co. Ltd.
China >20MT csr | cspp
Xinyang Maojian Group Limited
China csr
Xinjiang Zhongtai Chemical Co Ltd
Xinjiang Mahatma Energy Co Ltd
China csr | cspp
Xinjiang Tianye Group Co Ltd
Xinjiang Tianye Co. Ltd.
China csr | cspp
Xinjiang Tianfu Group Co. Ltd.
Xinjiang Tianfu Energy Co Ltd
China csr | cspp
Xinjiang Jingheyuan New Material Company
Xinjiang Guoxin Coal Energy Co Ltd
China cspp
Xingyi Yangguang Assets Mgmt
Guizhou Jinzhou Power Co. Ltd | Guizhou Wanfeng Electric Power Co. Ltd | Shangcheng Power Co | Zhenfeng County Power Investment Co.

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.

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