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.
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.
|Company Sort descending||Country of HQ||Underwriting (Mio $)||Loans (Mio $)||Grand Total (Mio $)|
|Aboitiz Equity Ventures||Philippines||60.00||60.00|
|Air Products & Chemicals||USA||228.00||228.00|
|Aluminum Corporation of China||China||80.00||80.00|
|Anglo American||United Kingdom||615.00||257.00||872.00|
|China Huaneng Group||China||367.00||367.00|
|China Petrochemical Group (Sinopec Group)||China||491.00||491.00|
|Chongqing Energy Investment Group||China||38.00||38.00|
|CITIC Ltd||China (Hong Kong)||125.00||125.00|
|CLP Holdings||China (Hong Kong)||438.00||71.00||509.00|
|Doosan Heavy Industries & Construction||South Korea||75.00||75.00|
|Electricite de France (EDF Group)||France||404.00||376.00||780.00|
|Empire District Electric Co||USA||8.00||8.00|
|EnBW Energie Baden-Württemberg||Germany||218.00||75.00||292.00|
|Enerjisa Uretim Santralleri||Turkey||129.00||129.00|
|HK Electric Investments||China (Hong Kong)||405.00||405.00|
|Indonesia Asahan Aluminium||Indonesia||361.00||100.00||461.00|
|Korea Electric Power (KEPCO)||South Korea||736.00||736.00|
|Larsen & Toubro||India||262.00||262.00|
|Perusahaan Listrik Negara (PLN)||Indonesia||1,294.00||1,294.00|
|Polskie Górnictwo Naftowe i Gazownictwo (PGNiG)||Poland||43.00||43.00|
|Power Assets Holdings||China (Hong Kong)||399.00||399.00|
|Power Finance Corp||India||372.00||372.00|
|State Development and Investment Corporation (SDIC)||China||143.00||143.00|
|State Grid Corporation of China (SGCC)||China||796.00||36.00||832.00|
|State Power Investment Corporation (SPIC)||China||117.00||117.00|
|Top Frontier Investment Holdings||Philippines||44.00||44.00|
|Yunnan Investment Holdings Group||China||70.00||70.00|