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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Erste Group

Austria
Company Country of HQ Shareholding (Mio $) Bondholding (Mio $) Total (Mio $) Sort ascending
Electricite de France (EDF Group) France 0.66 25.91 26.57
Energie Versorgung Niederoesterreich (EVN) Austria 14.90 0.47 15.37
BHP Group Australia 1.37 12.78 14.15
EnBW Energie Baden-Württemberg Germany 8.59 8.59
Anglo American United Kingdom 0.87 6.87 7.74
Adani Group India 6.15 6.15
Enel Italy 1.27 3.94 5.21
Duke Energy USA 2.00 2.02 4.02
RWE Germany 1.29 1.19 2.48
Air Products & Chemicals USA 0.90 1.42 2.32
Southern Company USA 2.30 2.30
Vale Brazil 2.02 2.02
Power Finance Corp India 1.90 1.90
Perusahaan Listrik Negara (PLN) Indonesia 1.26 1.26
Glencore Switzerland 1.19 1.19
Dominion Energy USA 1.00 1.00
CEZ Czech Republic 0.99 0.99
Formosa Plastics Taiwan 0.72 0.72
Berkshire Hathaway Energy Company USA 0.60 0.60
Bulgarian Energy Holding (BEH) Bulgaria 0.59 0.59
Mitsui & Co Japan 0.54 0.54
CLP Holdings China (Hong Kong) 0.39 0.39
Albioma France 0.31 0.31
Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) Poland 0.29 0.29
Power Assets Holdings China (Hong Kong) 0.23 0.23
NTPC India 0.21 0.21
Hindalco Industries India 0.18 0.18
Sany Heavy Equipment International Holdings China 0.17 0.17
Guangdong Investment China 0.16 0.16
Vedanta Resources United Kingdom 0.15 0.15
POSCO South Korea 0.12 0.12
Sembcorp Industries Singapore 0.10 0.10
CITIC Ltd China (Hong Kong) 0.05 0.05
GCM Resources (Global Coal Management) United Kingdom 0.02 0.02

TOTAL (in US$ million)

Shareholding: 29.75
Bondholding: 78.33
Total: 108.08