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.
Industrial and Commercial Bank of 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 |