Including All Players
We pursue a holistic approach with regard to coal share of revenue (CSR) calculation. For us, this means taking the entire thermal coal value chain into account and the full diversity of business models based on coal. Our research therefore goes beyond coal mining and power and also covers companies active in areas such as coal trading, transport & logistics, Coal-to-Liquids or manufacturing equipment for coal plants. The accurate depiction of companies’ dependence on coal-related business activities is key for understanding the concomitant financial risks.