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.

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SMBC Group

Japan
Company Sort descending Country of HQ Underwriting (Mio $) Loans (Mio $) Grand Total (Mio $)
Adaro Energy Indonesia 27.00 27.00
AES Corp USA 235.00 254.00 488.00
AGL Energy Australia 27.00 27.00
Air Products & Chemicals USA 228.00 228.00
Ameren Corp USA 106.00 173.00 278.00
American Electric Power USA 275.00 392.00 666.00
Anglo American United Kingdom 257.00 257.00
Aurizon Holdings Australia 55.00 55.00
Berkshire Hathaway Energy Company USA 321.00 299.00 620.00
CEZ Czech Republic 113.00 113.00
China Resources Power Holdings China 45.00 45.00
Chubu Electric Power Japan 348.00 348.00
Chugoku Electric Power Japan 686.00 686.00
CITIC Ltd China (Hong Kong) 40.00 40.00
CMS Energy USA 254.00 254.00
Coronado Group USA 19.00 19.00
Dominion Energy USA 517.00 517.00
Duke Energy USA 303.00 662.00 965.00
Electricite de France (EDF Group) France 222.00 376.00 598.00
Enel Italy 100.00 195.00 295.00
EP Investment Luxembourg 109.00 142.00 252.00
FirstEnergy USA 209.00 264.00 473.00
Genting Malaysia 194.00 194.00
Glencore Switzerland 706.00 706.00
Harum Energy Indonesia 31.00 31.00
Hindalco Industries India 89.00 147.00 236.00
HK Electric Investments China (Hong Kong) 71.00 71.00
Hokkaido Electric Power Japan 268.00 268.00
Hokuriku Electric Power Japan 182.00 182.00
Idemitsu Kosan Japan 219.00 885.00 1,104.00
Indonesia Asahan Aluminium Indonesia 772.00 100.00 872.00
Itochu Japan 28.00 1,868.00 1,896.00
J-POWER (Electric Power Development) Japan 339.00 339.00
Japan Oil Gas and Metals National (JOGMEC) Japan 5,478.00 5,478.00
Kansai Electric Power (KEPCO) Japan 367.00 367.00
Kyushu Electric Power Japan 812.00 1,262.00 2,073.00
Malakoff Corporation Malaysia 55.00 55.00
Marubeni Japan 84.00 32.00 116.00
Mitsubishi Japan 107.00 1,838.00 1,945.00
Mitsui & Co Japan 189.00 189.00
Mitsui Matsushima Holdings Japan 15.00 15.00
NCIG Holdings Australia 43.00 43.00
Nippon Steel Japan 1,054.00 1,054.00
NRG Energy USA 113.00 178.00 291.00
NTPC India 90.00 607.00 697.00
Okinawa Electric Power (OEPC) Japan 13.00 13.00
One Rail Australia Australia 53.00 53.00
Origin Energy Australia 101.00 101.00
Perusahaan Listrik Negara (PLN) Indonesia 54.00 247.00 301.00
RWE Germany 209.00 209.00
Sasol South Africa 240.00 240.00
Shikoku Electric Power Japan 227.00 227.00
State Grid Corporation of China (SGCC) China 64.00 61.00 125.00
Sumitomo Corp Japan 57.00 1,290.00 1,347.00
Tata Power India 49.00 49.00
TAURON Polska Energia Poland 126.00 126.00
Tohoku Electric Power Japan 928.00 464.00 1,391.00
Tokyo Electric Power (TEPCO) Japan 104.00 410.00 514.00
Top Frontier Investment Holdings Philippines 139.00 139.00
United Tractors Indonesia 236.00 236.00

TOTAL (in US$ million)

Loans: 21,221.72
Underwritings: 10,756.27
Grandtotal: 31,978.00