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
Sumber Segara Primadaya
Indonesia csr | cspp
Sulawesi Mining Investment
Indonesia cspp
STG Development Group
Gemeinschaftskraftwerk Bergkamen A oHG | İSKENDERUN ENERJİ ÜRETİM ve TİC. A. | KW Bexbach VWG MbH | STEAG Energy Services (India) Pvt Ltd (SESI) | STEAG State Power Inc
Germany csr | cspp
State Power Investment Corporation (SPIC)
China Power Hub Generation Company | China Power International Development Ltd | China Power Investment Corp Ningxia Qingtongxia Energy Aluminium Group | CPI RONGHE FINANCIAL LEA | EMBA Electricity Production Co Inc (Emba Elektrik Üretim A.Ş.) | Guizhou Qiandong Power Co Ltd | Guizhou Xishui Dingtai Energy Development Co Ltd | Huaihu Coal Electricity Co Ltd | Huolinhe Opencut Coal Industry Co Ltd of Inner Mongolia | Inner Mongolia Huomei Hongjun Aluminum & Power Co Ltd | National Electric Investment Group Xinjiang Energy & Chemical Co. Ltd | Jiangsu Changshu Power Generation Co Ltd | SDEPCI (Shandong Electric Power Engineering Consulting Institute) | Shanghai Electric Power Co Ltd | Shanxi Zhangze Electric Power | Shijiazhuang Dongfang Thermal Power Group Co. Ltd. | SPIC Gansu Electric Power Sales Co Ltd | SPIC Guizhou Jinyuan Group Co | SPIC Hebei Power Electric Power Co Ltd | SPIC Henan Electric Power Co Ltd | SPIC Jiangxi Electric Power Co Ltd | SPIC Jilin Electric Power Co Ltd | SPIC Mengdong Energy Group | SPIC Ningxia Energy & Aluminum Co Ltd | SPIC Northeast Electric Power Co Ltd | SPIC Shanxi Aluminum Co. Ltd. | SPIC Xinjiang Energy Chemistry Group Co
China >20MT, >10GW csr | cspp
State Grid Corporation of China (SGCC)
CHINA POWER FINANCE | State Grid Anhui Electric Power Co Ltd | State Grid Chongqing Electric Power Co | State Grid East Inner Mongolia Power Co | State Grid Fujian Electric Power Co | State Grid Gansu Electric Power Co | State Grid Henan Electric Power Co | State Grid Jiangsu Electric Power Co | State Grid Overseas Invest Ltd | State Grid Overseas Investment (2013)Ltd | State Grid Overseas Investment (2014) Ltd | State Grid Overseas Investment (2016) Ltd | State Grid Shandong Electric Power Co | State Grid Shanxi Electric Power Co | State Grid Sichuan Electric Power Co | State Grid Xinjiang Electric Power Co | State Grid Zhejiang Electric Power Co | Xinjiang Tianshan Power Co Ltd | Xinjiang Tianshan Power Qitai Energy Co Ltd
China csr
State Development and Investment Corporation (SDIC)
Jiangxi Ganneng Co. Ltd. | SDIC Central China Coal Logistic Co Ltd | SDIC Meizhouwan Port Co Ltd | SDIC Panjiang Power Generation Co. Ltd | SDIC Power Holding Co Ltd | SDIC Yili Energy Development Co Ltd | Tianjin SDIC Jinneng Electric Power Co Ltd
China >10GW cspp
Stanwell Corporation Limited
Australia csr | cspp
Stanmore Coal
Australia csr
Southwest Guizhou Yuanhao Investment Co. Ltd.
China cspp
SouthGobi Resources Ltd
Canada csr
Southern Energy Zimbabwe
Southern Energy Holdings Group Ltd.
China csr
Southern Company
AGL Capital Corp | Alabama Power Capital Trst III (Alabama Power) | Alabama Power Capital Trust I (Alabama Power) | Alabama Power Capital Trust II (Alabama Power) | Alabama Power Co | Georgia Power Capital LP (Georgia Power Co/Southern Co) | Georgia Power Capital Trust | Georgia Power Capital Trust II (Georgia Power Capital LP) | Georgia Power Capital Trust III(Georgia Power Company) | Georgia Power Capital Trust V(Georgia Power Company) | Georgia Power Capital Trust VI(Georgia Power Company) | Georgia Power Capital Trust VII | Georgia Power Co | Mississippi Power Capital Trust II(Mississippi Power Co) | Mississippi Power Co | Savannah Electric Capital Trust I(Savannah Electric and Power Co) | SOUTHERN CO GAS CAPITAL | Southern Company Capital Funding Inc | Southern Company Capital Trust I(Southern Company Inc) | Southern Company Capital Trust II(Southern Company Inc) | Southern Company Capital Trust III(Southern Company) | Southern Company Capital Trust IV (Southern Company) | Southern Company Capital Trust V (Southern Company) | Southern Company Capital Trust VI(Southern Co) | Southern Power Co
USA >10GW cspp
South32 Ltd
Illawarra Metallurgical Coal | South Africa Energy Coal
Australia >20MT
Soma Termik Santral Elektrik Üretim A.Ş.
Turkey csr | cspp
Sokolovská Uhelná AS
Czech Republic csr | cspp
Sojitz Coal Resources Pty Ltd
Australia csr
Sociedad Portuaria Regional de Buenaventura S.A.
Slater Coal Marketing (Pty) Ltd
South Africa csr

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.