Global Coal Exit List | Data and Methodology

Urgewald’s Global Coal Exit List (GCEL) is a powerful information tool and has played an influential role in shaping new policies by financial institutions on coal. The GCEL includes the entire thermal coal value chain in its data sets. Whilst many other data providers limit their coal share of revenue calculations to sales of coal or sales of coal-based electricity, the GCEL also assesses the coal-related revenue streams of coal transport & logistics companies, coal plant manufacturers, providers of EPC services to the coal industry, coal-to-gas producers etc. Our approach provides a much more accurate picture of companies’ dependence on coal-related business and therefore also of the resulting financial risks for investors. The GCEL is a forward-looking coal divestment tool. It identifies which companies are expanding their coal mining activities, developing new coal power plants or building other coal-related infrastructure, such as coal export terminals or coal railway lines. Unlike most commercial coal databases, the GCEL also provides data on many private companies that is otherwise hard to access. This information is especially relevant for banks and insurers.