Financial Backers of Global Coal

We are revealing the investors and banks behind the companies on our Global Coal Exit List.

 

In January 2021, 4,488 institutional investors held investments totaling US$ 1.03 trillion in companies operating along the thermal coal value chain.

Between October 1st 2018 and October 31st 2020 our research identified 665 banks that provided loans totaling US$ 315 billion and underwriting activities worth over US$ 808 billion to GCEL companies.

For more information, see the full ranking of the financial institutions and our briefing “Revealing the Financiers of the Coal Industry”.

Below, you can look up these investors and banks and their coal investments, but you can also search for a coal company and look at the banks and investors behind it.

The investment figures presented are gathered at group level. Please, note that investments might have changed since the data was retrieved from the financial databases. Read the detailed Methodology for more information.

The GCEL 2020 finance research was published by Urgewald and partner NGOs and was conducted by Profundo. Further analysis on the listed financial institutions’ coal policies can be found in the Coal Policy Tool of Reclaim Finance.

Choose Bank

Industrial and Commercial Bank of China

China
Company Sort descending Country of HQ Underwriting (Mio $) Loans (Mio $) Grand Total (Mio $)
Aboitiz Equity Ventures Philippines 11.00 11.00
AGL Energy Australia 27.00 27.00
ALLTECH Group Russia 76.00 76.00
Aluminum Corporation of China China 292.00 292.00
Anhui Province Energy Group (Wenergy Group) China 54.00 54.00
Beijing Energy Holding China 1,153.00 1,153.00
China Datang Corporation China 44.00 44.00
China Energy Investment Corporation (China Energy/ CHN Energy) China 908.00 908.00
China Huadian China 2,687.00 2,687.00
China Huaneng Group China 2,797.00 2,797.00
China National Coal Group (ChinaCoal) China 173.00 173.00
China Petrochemical Group (Sinopec Group) China 1,603.00 1,603.00
China Pingmei Shenma Group China 18.00 18.00
China Southern Power Grid China 3,350.00 3,350.00
Chongqing Energy Investment Group China 38.00 38.00
Datong Coal Mine Group China 888.00 888.00
Dongfang Electric Corporation (DEC) China 9.00 9.00
Enel Italy 155.00 155.00
EP Investment Luxembourg 134.00 68.00 202.00
Eskom Holdings South Africa 188.00 188.00
FirstEnergy USA 354.00 354.00
Fujian Energy Group China 18.00 18.00
Glencore Switzerland 433.00 433.00
Guangdong Energy Group China 69.00 69.00
Guangdong Pearl River Investment Management China 73.00 73.00
Guanghui Energy China 1.00 1.00
Guangxi Investment Group China 454.00 454.00
Hangzhou Jinjiang Group China 36.00 36.00
Harbin Investment Group China 3.00 3.00
Hebei Port Group China 107.00 107.00
Henan Energy & Chemical Industry Group China 9.00 9.00
Henan Investment Group China 251.00 251.00
Huaibei Mining Group China 5.00 5.00
Huaihe Energy Holding Group China 5.00 5.00
HuBei Energy Group China 4.00 4.00
Jiangsu Guoxin Investment Group China 516.00 516.00
Jiangsu Yueda Group China 3.00 3.00
Jiangxi Province Investment Group China 70.00 70.00
Jinneng Group China 154.00 154.00
Jiuquan Iron & Steel China 65.00 65.00
Jizhong Energy Group China 39.00 39.00
Kailuan Group China 219.00 219.00
Marubeni Japan 24.00 24.00
Mechel Russia 83.00 83.00
NCIG Holdings Australia 43.00 43.00
One Rail Australia Australia 53.00 53.00
Origin Energy Australia 78.00 78.00
Power Construction Corp of China/PowerChina China 426.00 426.00
Sasol South Africa 120.00 120.00
Shaanxi Coal and Chemical Industry Group China 33.00 33.00
Shaanxi Investment Group China 30.00 30.00
Shaanxi Non-ferrous Metals Holding Group (Shaanxi Youser Group) China 145.00 145.00
Shaanxi Yulin Energy Group China 6.00 6.00
Shandong Energy Group China 219.00 219.00
Shanxi Coal Import & Export Group China 550.00 550.00
Shanxi Coking Coal Group China 5.00 5.00
Shanxi Jincheng Anthracite Mining Group China 38.00 38.00
Shanxi Lu'an Mining Industry China 305.00 305.00
Shenergy Group China 411.00 411.00
Shenzhen Energy Group China 12.00 12.00

TOTAL (in US$ million)

Loans: 3,009.02
Underwritings: 36,993.41
Grandtotal: 40,002.43