focus > Campaigns > Banks and coal >

Bankrolling Climate Change - Report

Main
Banks
Dodgy Deals
Companies
News
Documents

Bankrolling Climate Change (2011) is a research study produced by BankTrack, urgewald, groundwork, and Earthlife Africa.  It presents an analysis of the portfolios of 93 leading commercial banks, particularly looking at their investments in the coal industry.

The following three charts provide a general overview on some of the findings of the report.  

It is evident from the first table that the majority of coal financing is provided via investment banking and corporate loans, comprising a total of 88% of mapped investments.  Project financing plays a more negligible role, accounting for only 1% of mapped investments.

 

Chart 1

 

Another important figure to observe is the overall rise of banks' investments into the coal sector.  Since 2005, the 93 banks tracked in this report provided a staggering 232 billion Euros in financing.  From the graph below we can see that the amount of financing has fluctuated between 2005 and 2010.  However, since 2005 (the year the Kyoto Protocol came into effect), bank investments into the coal sector have on the whole significantly increased.

 

Chart 2

 

Approximately 74% of the total 232 billion Euro financing comes from the 20 banks seen in the below chart, the world top 20 "climate killer banks".  Well-known institutions such as Barclays, Morgan Stanley, Goldman Sachs, Citi, and Credit Suisse are part of this group that has provided nearly 171 billion Euros to the coal industry.  This figure is in contrast to the banks' rhetoric and alleged commitment to tackling climate change.  Clearly the banks are not ‘putting their money where their mouth is.'

 

TOP 20 CLIMATE KILLER BANKS

Chart 3

Back to Banks and Coal


member groups involved
Bank of America
Bank of America is an American multinational banking and financial services corporation and is the second largest bank holding company in the United States by assets, and…
Bank of China
Bank of China is one of China's Big Four joint-stock commercial banks.  Bank of China offers commercial banking, investment banking, insurance, asset management, aircraft…
Bank of Tokyo-Mitsubishi MUFG
Bank of Tokyo - Mitsubishi UFJ is the largest bank in Japan. It was established on January 1, 2006, with the merger of the Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank Ltd.…
Barclays
Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management…
BNP Paribas
BNP Paribas is one of the main banks in Europe. It was created on 23 May 2000 through the merger of Banque Nationale de Paris (BNP) and Paribas.…
China Construction Bank
China Construction Bank (CCB) is one of China's Big Four joint-stock commercial banks. In 2014 CCB was the third largest bank in the world by assets. It operates a network…
Citi
Citigroup Inc., doing business as Citi, is a major American financial services company based in New York, NY. Citigroup was formed from a merger between Citicorp and financial…
Crédit Agricole
The Crédit Agricole Group is a unified but decentralised group consisting of 39 Regional Banks, Crédit Agricole S.A. and many subsidiaries. It includes Crédit…
Credit Suisse
Credit Suisse was founded in 1856 and is headquartered in Zurich, Switzerland. It serves companies, institutional clients and high-net-worth private clients worldwide, as…
Deutsche Bank
Deutsche Bank was founded in 1870 and is a leading global investment bank. It has operations throughout the world and has a strong presence in Germany and Europe. The bank´s…
Goldman Sachs
Goldman Sachs (NYSE: GS) was founded in 1869 and is a leading global financial services firm that is headquartered in New York.  It provides an array of financing…
HSBC
Headquartered in London, HSBC is one of the largest banking and financial services organisations in the world. HSBC operates from around 9,500 offices in 86 countries and…
ICBC
ICBC is a joint-stock commercial bank based in the People's Republic of China.  Founded in 1984, ICBC overtook Citi to become the world's largest bank by asset…
JPMorgan Chase
JPMorgan Chase is one of the Big Four Banks of the United States (along with Bank of America, Citigroup and Wells Fargo). The firm was formed in…
Morgan Stanley
Morgan Stanley was one of the four investment banks that for decades ruled on Wall Street (with Lehman Brothers, Merril Lynch and JPMorgan Chase). The corporation, founded…
RBS
RBS was founded in 1727 and is one of the major UK banks. RBS has 40 million customers using the financial services of over 30 brands, including NatWest, Direct Line, Churchill,…
Société Générale
Société Générale ("SocGen") is one of the oldest banks in France, dating back to 1864. The original name was Société…
UBS
Modern UBS was formed through a merger of the Union Bank of Switzerland and the Swiss Bank Corporation in June 1998.  UBS is headquartered in Zurich and Basel and it…
UniCredit
The UniCredit Group is the result of the merger of nine of Italy's largest banks and the subsequent combination with the German HVB Group and the Italian Capitalia Group.…
Wells Fargo
Wells Fargo is one of the big banks in the United States, located in San Fransisco. In october 2008, Wells Fargo acquired the troubled bank Wachovia, at that moment the sixth…

member groups involved
Cerrejón coal mine
Colombia
The Cerrejón coal mine in La Guajira, Colombia, is the largest in Latin America and one of the largest in the world. Its steady expansion since its founding in 1976…
Kusile coal power plant
South Africa
The Kusile coal fired power plant project is located in the province of Mpumalanga, in South Africa. With 4800MW, it will be one of the largest power plants of its kind in…
Medupi coal power plant
South Africa
The Medupi Power Station is a coal-fired power plant currently under construction in Lephalale, South Africa. The project comprises six 800 megawatt (MW) units to be provide…

member groups involved
Coal India
India
Coal India is the biggest coal producer worldwide, owned by the government of India. It was created in the 1970's, when India's coal minging industry was nationalised in…
ESKOM
South Africa
Eskom is the world's eleventh-largest power utility in terms of generating capacity and ranks ninth in terms of sales. In 2011 it had an installed generating capacity of…

member groups involved
2012 2011

member groups involved

member groups involved
Login
username
password
Good login. Redirecting to
'My Banktrack'.
Wrong login. Click here to request your password.
An email has been sent with your login!
Request password
This email is unknown.
<< Back
Search
Please provide one or more search terms

Join our mailinglist

Get all our latest news releases delivered straight to your inbox - or get our News Digest once a month

banktrack tweets
California pensions should #divest coal assets: state senate leader http://t.co/uhr6MNHQ6B #BeyondCoal
Dec 17, 2014
One way to undermine projected #coal demand growth trends – kill coal finance from the banks http://t.co/qODQgKSvMO http://t.co/hff61V0r5y
Dec 16, 2014
contact
route
Vismarkt 15
6511 VJ Nijmegen
Netherlands


contact@banktrack.org
Contact us