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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HSBC

United Kingdom
Company Sort descending Country of HQ Underwriting (Mio $) Loans (Mio $) Grand Total (Mio $)
Aboitiz Equity Ventures Philippines 60.00 60.00
Adaro Energy Indonesia 27.00 27.00
AES Corp USA 320.00 426.00 746.00
Air Products & Chemicals USA 228.00 228.00
Albioma France 11.00 11.00
Aluminum Corporation of China China 80.00 80.00
Anglo American United Kingdom 615.00 257.00 872.00
CEZ Czech Republic 166.00 166.00
China Huadian China 38.00 38.00
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
Coronado Group USA 19.00 19.00
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
Enel Italy 126.00 195.00 320.00
Enerjisa Uretim Santralleri Turkey 129.00 129.00
EP Investment Luxembourg 134.00 68.00 202.00
Fortis Canada 37.00 66.00 102.00
Glencore Switzerland 546.00 546.00
Hindalco Industries India 89.00 271.00 360.00
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
Leader Energy Singapore 61.00 61.00
Malakoff Corporation Malaysia 188.00 188.00
Marubeni Japan 109.00 109.00
Perusahaan Listrik Negara (PLN) Indonesia 1,294.00 1,294.00
Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) Poland 43.00 43.00
POSCO South Korea 524.00 524.00
Power Assets Holdings China (Hong Kong) 399.00 399.00
Power Finance Corp India 372.00 372.00
RWE Germany 209.00 209.00
South32 Australia 100.00 100.00
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
STEAG Germany 41.00 41.00
Taiwan Cement Taiwan 1,728.00 1,728.00
Top Frontier Investment Holdings Philippines 44.00 44.00
TransAlta Canada 78.00 78.00
United Tractors Indonesia 229.00 229.00
Vale Brazil 154.00 154.00
Yunnan Investment Holdings Group China 70.00 70.00

TOTAL (in US$ million)

Loans: 3,593.80
Underwritings: 11,596.95
Grandtotal: 15,190.75