All existing clients in the utilities sector should have reduced their reliance on thermal coal to close to zero by the end of 2025 for us to continue the relationship beyond that time.

Policy December 2017

Acceptance criteria for energy utility companies :

2. The company does not operate lignite electricity generation capacity or has a lignite phase-out strategy in place.
3. The share of coal-fired electricity generation capacity in the company’s energy mix meets the following criteria:
o Coal fired electricity generation capacity does not exceed 50% of the company’s total electricity generation capacity.

Policy May 2017

General corporate lending

Prohibited

Electricity Generation companies whereby more than 40% of their unabated power generated derives from coal (based on Terawatt Hours of power generated), except where an existing customer is demonstrating a clear transition towards this threshold.

Policy May 2018

Prohibited Activities

Clients

Significant coal-based power generation (more than 40%) without a diversification strategy

Exceptions may be made in countries with high energy dependency (more than 65% energy imported) or without viable alternatives.

Policy February 2018

Natixis does not participate in any general purpose financing in favor of a borrower whose activity is relying by 50% or more on the thermal coal sector (based on the latest published financial statements).

Policy August 2016

For integrated energy companies, KBC will continue to provide finance, provided they raise no more than 50% of their turnover from coal-related activities or demonstrate they will become compliant within a short timeframe.

Policy September 2016

The Bank will not develop relationship with companies predominantly active in generating electricity from coal (more than 50% of the business) and not implementing a significant diversification plan.

Policy November 2016

Commerzbank expects clients in Germany from the energy supply sector to limit the share of electricity generated from coal (based on their production performance) to below 30 per cent by the end of 2021.  A corresponding cap of 50 per cent is expected for clients based outside of Germany.

Position July 2016, Policy March 2018

Societe Generale is committed to limit the coal-fuelled part of its financed energy mix (installed MW) at 19% at the end of 2020, in consistency with the IEA 2°C scenario.

Policy January 2017

In addition to the individual company criteria, ABN AMRO is committed to align its lending portfolio with the “450 scenario” of the International Energy Agency (IEA). This scenario is the outcome of calculations by the IEA of the mix of electricity generation capacity from different power sources that is needed to limit the increase in global average temperature to 2°C. Using the IEA projections for 2020 as a baseline, this means that in the period 2019-2020 the mix of electricity generation capacity of ABN AMRO’s lending portfolio of companies and projects in the electricity generation sector meets the following criteria:
o maximum 28% of lending exposure is directed to coal-fired electricity generation capacity

Policy May 2017

BNP Paribas will only provide financial products and services to, or invest in, CFPG companies that meet the following requirements:

The CFPG company has a diversification strategy to reduce the share of coal in its power generation mix. This diversification strategy must be at least as ambitious as the national commitment to limit GHG emissions of the country where its principal operations are located.

Policy December 2015

Statement April 2018

We only support companies operating coal-fired power plants if they have a strategy in place to reduce coal dependency or who adhere to strict internationally recognized greenhouse gas emission standards.

Policy December 2015