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

Standard Chartered

United Kingdom
Company Sort descending Country of HQ Underwriting (Mio $) Loans (Mio $) Grand Total (Mio $)
Aboitiz Equity Ventures Philippines 60.00 20.00 80.00
Adani Group India 283.00 283.00
AES Corp USA 127.00 222.00 349.00
Aluminum Corporation of China China 80.00 80.00
Anglo American United Kingdom 375.00 257.00 632.00
CESC India 12.00 12.00
China Huadian China 36.00 36.00
China Petrochemical Group (Sinopec Group) China 143.00 143.00
CLP Holdings China (Hong Kong) 270.00 71.00 341.00
Doosan Heavy Industries & Construction South Korea 75.00 75.00
Electricite de France (EDF Group) France 342.00 342.00
First Quantum Minerals Canada 201.00 201.00
Glencore Switzerland 132.00 546.00 678.00
Global Power Synergy Public (GPSC) Thailand 246.00 246.00
Hindalco Industries India 89.00 175.00 264.00
Indika Energy Indonesia 225.00 30.00 255.00
Indonesia Asahan Aluminium Indonesia 536.00 536.00
Jiuquan Iron & Steel China 53.00 53.00
Larsen & Toubro India 275.00 275.00
Marubeni Japan 87.00 87.00
NTPC India 90.00 90.00
Perusahaan Listrik Negara (PLN) Indonesia 969.00 969.00
POSCO South Korea 524.00 524.00
Power Construction Corp of China/PowerChina China 55.00 55.00
Power Finance Corp India 1,497.00 1,497.00
South32 Australia 100.00 100.00
State Development and Investment Corporation (SDIC) China 19.00 19.00
State Power Investment Corporation (SPIC) China 75.00 75.00
Top Frontier Investment Holdings Philippines 400.00 194.00 594.00
United Tractors Indonesia 100.00 42.00 142.00
Vale Brazil 154.00 154.00
Vedanta Resources United Kingdom 333.00 438.00 771.00
Yankuang Group China 131.00 131.00

TOTAL (in US$ million)

Loans: 2,366.06
Underwritings: 7,721.36
Grandtotal: 10,087.42