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 Investor

HSBC

United Kingdom
Company Country of HQ Shareholding (Mio $) Bondholding (Mio $) Total (Mio $) Sort ascending
Enel Italy 162.37 66.07 228.45
BHP Group Australia 99.40 113.71 213.11
CLP Holdings China (Hong Kong) 132.89 132.89
Southern Company USA 91.37 7.13 98.50
Duke Energy USA 76.89 20.63 97.52
China Energy Investment Corporation (China Energy/ CHN Energy) China 95.45 95.45
Electricite de France (EDF Group) France 8.18 76.60 84.78
CITIC Ltd China (Hong Kong) 74.86 8.85 83.71
Power Finance Corp India 0.97 69.76 70.73
Ameren Corp USA 68.52 0.75 69.27
Larsen & Toubro India 59.68 6.68 66.36
Power Assets Holdings China (Hong Kong) 64.95 64.95
Vale Brazil 63.42 1.00 64.42
Air Products & Chemicals USA 60.27 3.81 64.08
First Quantum Minerals Canada 0.55 60.95 61.50
Glencore Switzerland 49.06 11.28 60.34
Vedanta Resources United Kingdom 17.57 41.64 59.21
TransAlta Canada 47.93 0.15 48.08
XCEL Energy USA 42.30 4.84 47.14
American Electric Power USA 43.40 2.60 46.00
PPL Corporation USA 33.07 12.07 45.15
United Tractors Indonesia 44.57 44.57
Guangdong Investment China 42.75 42.75
Anglo American United Kingdom 38.59 0.90 39.49
Perusahaan Listrik Negara (PLN) Indonesia 30.54 30.54
WEC Energy Group USA 29.81 0.50 30.31
Peabody Energy USA 0.14 27.67 27.81
Jindal Steel & Power (JSPL) India 27.00 27.00
NTPC India 2.22 24.11 26.33
Itochu Japan 26.23 26.23
Formosa Plastics Taiwan 25.81 25.81
DTE Energy USA 23.50 1.00 24.50
Mitsubishi Japan 23.08 0.20 23.28
Pinnacle West Capital USA 22.48 0.50 22.98
Eskom Holdings South Africa 21.93 21.93
POSCO South Korea 21.22 0.20 21.42
Tenaga Nasional Berhad (TNB) Malaysia 21.35 21.35
Mitsui & Co Japan 21.33 21.33
RWE Germany 20.60 0.45 21.05
CMS Energy USA 18.97 18.97
EnBW Energie Baden-Württemberg Germany 15.85 15.85
NRG Energy USA 12.31 3.04 15.35
CenterPoint Energy USA 13.32 0.80 14.12
Fortum Finland 7.27 6.10 13.37
Albioma France 13.31 13.31
NiSource USA 10.35 2.96 13.30
FirstEnergy USA 11.54 1.46 13.00
Sumitomo Corp Japan 11.35 11.35
OGE Energy USA 10.21 10.21
Marubeni Japan 9.97 9.97
Dominion Energy USA 9.91 9.91
Fortis Canada 8.49 0.55 9.04
AES Corp USA 7.84 1.00 8.84
IDACORP USA 8.43 8.43
China Resources Power Holdings China 7.71 7.71
JSW Energy India 7.37 7.37
Alliant Energy USA 7.26 7.26
Indonesia Asahan Aluminium Indonesia 7.10 7.10
Chubu Electric Power Japan 6.93 6.93
Nippon Steel Japan 6.91 6.91

TOTAL (in US$ million)

Shareholding: 1,981.02
Bondholding: 692.55
Total: 2,673.57