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
Huaibei Mining Group Company
Huaibei Mining Holdings Co. Ltd.
China csr
Shanxi Lanhua Coal Industry Group Co. Ltd.
Shanxi Lanhua Sci-Tech Venture Co Ltd
China csr
Wintime Holding Group Ltd
Wintime Energy Co Ltd | Zhangjiagang Huaxing Electricity Co
China csr
Wolverine Fuels LLC
USA csr
Guizhou Panjiang Refined Coal Co Ltd
China csr | cspp
Kosovo Energy Corporation J. S. C. (KEK)
Kosovo csr | cspp
Lighthouse Resources
USA csr
PTT Global Management Co. Ltd. (PTTGM)
PT Bahari Cakrawala Sebuku | PT Jembayan Muara Bara | Sakari Resources Ltd (SAR) | Tiger Energy Trading Pte Ltd
Thailand csr
TransAlta Corporation
SunHills Mining Limited Partnership | TransAlta Generation Ltd | TransAlta Holdings U.S. Inc
Canada csr | cspp
Adani Group
Adani Abbot Point Terminal Pty Ltd | Adani Australia Company Pty Ltd | Adani Enterprises Ltd | Adani Hazira Port Private Ltd | Adani Mining Pty Ltd (AMPL) | Adani Ports and Special Economic Zone Limited (APSEZ) | Adani Power (Jharkhand) Limited (APJL) | Adani Power (Mundra) Limited | Adani Power Ltd | Adani Power Maharashtra Limited | Adani Power Rajasthan Limited | Adani Transmission | Carmichael Rail Network Pty Ltd | Korba West Power Company Ltd | PT Adani Global | Udupi Power Corporation Limited
India >10GW cspp
Altraso Ventures Ltd
East Mining Company LLC (emco) | Solntsevsky Coal Mine LLC
Russia csr
Bloomfield Group
Big Ben Holdings Pty Ltd | Bloomfield Collieries Pty Ltd | Four Mile Pty Ltd | Northern Waggons Pty Ltd | PWG King & Sons Pty Ltd | Rix's Creek Pty Ltd
Australia csr
Geo Energy Resources Ltd
Singapore csr
Jardine Cycle & Carriage Ltd
PT Astra International Tbk
Singapore cspp
Kangal Termik Santral Elektrik Üretim AŞ
Turkey csr | cspp
NTPC Limited
Aravali Power Co Pvt Ltd. | Bangladesh India Friendship Power Company Ltd (BIFPCL) | Bhartiya Rail Bijlee Company Ltd | Kanti Bijlee Utpadan Nigam Ltd | Meja Urja Nigam Private Ltd (MUNPL) | Nabinagar Power Generating Co Ltd | NTPC Electric Supply Company Ltd | NTPC Tamil Nadu Energy Co Ltd (NTECL) | NTPC Vidyut Vyapar Nigam Ltd | NTPC-SAIL Power Co Ltd | Patratu Vidyut Utpadan Nigam Limited
India >10GW csr | cspp
PT Baramulti Suksessarana Tbk
PT Antang Gunung Meratus (AGM)
Indonesia csr
PT United Tractors Tbk
ASTRA SEDAYA FINANCE PT | FEDERAL INTL FINANCE | PT Bhumi Jati Power | PT Pamapersada Nusantara (PAMA) | PT Prima Multi Mineral (PMM) | PT Tuah Turangga Agung (TTA)
Indonesia csr | cspp
Sichuan Coal Industry Group LLC
China csr
Stanwell Corporation Limited
Australia 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.