Banks| Dodgy Deals| Campaigns
About us| Blog| Publications| Successes| Contact us| Donate
About BankTrack
Visit us
Organisation
Our team
Our board
Guiding principles
Team up with us
Join our Active Allies list
Our annual reports
Funding and finances
History
BankTrack in the media
Our privacy policy
Donate
2021-02-16 00:00:00
Oil and gas financiers are staring down the barrel at $1 trillion in losses: time to rein in support for new pipelines
2021-02-11 00:00:00
Beefing up risk: the exposure of JBS’ financiers to financial, regulatory and reputational risks
2021-01-25 00:00:00
Why should banks support EU mandatory human rights and environmental due diligence?
2020-12-22 00:00:00
Blog: In 2020, the Equator Principles struggle to remain relevant
2020-09-24 12:53:20
Oscislowo open-pit coal mine cancelled
2020-09-08 13:07:41
Strengthened OECD guidance on responsible banking
2020-02-25 10:35:27
JPMorgan Chase Coal and Arctic Policy a step forward but fails to match its climate responsibility as the world’s #1 Fossil Bank
2020-02-18 17:27:23
Civil society groups welcome Royal Bank of Scotland preparing to exit fossil fuels
Connect
2021-02-01 00:00:00
Banking on Thin Ice
2020-11-30 00:00:00
Soft Commitments, Hard Lessons: an analysis of the Soft Commodities Compact
2020-11-24 00:00:00
"Trust Us, We're Equator Banks": Part II
2020-11-18 00:00:00
Crude Risk: Risks to banks and investors from the East African Crude Oil Pipeline
2020-09-16 00:00:00
Principles for Paris-Aligned Financial Institutions: Climate Impact, Fossil Fuels and Deforestation
2020-08-17 00:00:00
"Trust Us, We're Equator Banks": Part I
See all publications
Browse
Home
Banks
Dodgy Deals
Map
Campaigns
About
About BankTrack
Donate
Contact BankTrack
Publications
Victories
Follow Us
News
BankTrack blog
Facebook page
Twitter channel
Home › Campaigns › Banks, climate and energy › Banks and coal
Banks and coal mining
Start
Documents
News
Media
Links

By: BankTrack

Contact:

For any feedback or questions on this page please contact us at climate@banktrack.org


Share this page:

Banking on Climate Change 2020 - Coal mining. Photo: Rainforest Action Network (RAN)

Go directly to: coal mining policy table or coal mining exclusion table

Coal mining

Coal is a carbon-rich, highly energy-dense black rock which mankind has mined at scale since the middle of the 19th century, when it powered the industrial revolution. Electricity produced by coal has the highest climate impact of all types of fossil fuels. A distinction is often made between thermal coal (or steam coal), which is used to produce electricity, and metallurgical coal (or coking coal), which is burned at a high temperature to make steel. Unlike oil and gas, where a well needs to be drilled for extraction, coal can often be mined from the surface or the shallow subsurface. Therefore, coal mines have a particularly high impact on the landscape, vegetation, (ground)water and health of the local population. Downstream regions are often polluted with sulphuric acid and a whole range of heavy metals and toxins. Two types of coal mining with a particular heavy impact on the environment are mountaintop removal mining, which involves the removal of mountaintops to expose coal seams, and open pit lignite (or brown coal) mining, which creates mines that are many kilometres in diameter and has higher emissions per unit of energy generated.

While coal and coal mining has been on the decline in the US and Europe for the last decade, many new coal mines and coal power plants are being planned and constructed in Asia, Africa and South America.

Banks and coal mining

The severity of the climate crisis requires that banks must urgently take steps to disengage from financing all business activities and projects that continue the world's reliance on fossil fuels. Banks must therefore end support for all new coal mining projects and implement a full phase-out for financing coal mining projects in line with the Paris climate agreement.

The world’s four biggest financiers of coal mining are all Chinese banks, with China Construction Bank being the biggest, financing coal mining to the tune of USD 13 billion since the signing of the Paris climate agreement (2016-2019). Number two to four are Bank of China, ICBC and Agricultural Bank of China.

Coal power and coal mining have been the most opposed type of fossil fuel by NGOs, local communities and many governments. During the last decade, many banks have implemented restrictions on financing coal mining, infrastructure and power plants. Bank policies on coal mining are scored below. These scores were originally published in our Banking on Climate Change 2020 report, and any policy changes implemented since then have been assessed using the same methodology. The details section in the table contains further detail on the exact scoring per bank, as well as an overview of relevant policies. 

See here for banks' exposure to the coal mining sector in 2016-2019.

Bank policy scores on coal mining

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
ABN AMRO
2020-03-01
NLD
14
1.5E+19
0
Netherlands
Profile
Laggard
Follower
14
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 14 points out of 32

6 points for a strong exclusion of coal mining projects: ABN AMRO prohibits direct finance for the acquisition or building of thermal coal mines, and mountaintop removal (MTR) coal mines.

8 points for a strong exclusion threshold for coal mining companies: ABN AMRO prohibits financing for companies with greater than 25% revenue from thermal coal mining.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2018-11-30 00:00:00

Exclusion list

2018-11-30 00:00:00
csr policies
2018-06-30 00:00:00

Sector policy for metals & minerals

2018-06-30 00:00:00
Agricultural Bank of China
2020-03-01
CHN
0
1000000000
0
China
Profile
Laggard
0
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 0 points out of 32

See: Banking on Climate Change - policy scores

ANZ
2020-10-29
AUS
10.5
1.15E+19
0
Australia
Profile
Laggard
Follower
10.5
Front runner
Leader
1603926000
Last update: 2020-10-29
Explanation

Total: 10.5 points out of 32

6 points for a strong exclusion of coal mining projects: ANZ will not directly finance any new thermal coal mines, or expansions.

1.5 points for the commitment to reduce exposure to coal mining companies: ANZ will limit finance to existing customers who have more than 50% thermal coal exposure if they do not have a diversification strategy by 2025, and the bank will reduce their exposure over time. By 2030, the exposure threshold for companies will be reduced to 25%. 

3 points for a weak exclusion threshold for coal mining companies: ANZ prohibits lending to new coal mining clients with material thermal coal exposures, meaning more than 10%.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-11-30 00:00:00

Energy policy

2019-11-30 00:00:00
References
2020-10-29

ANZ 2020 policy update analysis

2020-10-29
Market Forces
2020-10-29

ANZ’s new carbon initiatives

2020-10-29
ANZ
Bank of America
2020-03-01
USA
2
3000000000
0
United States
Profile
Laggard
2
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 2 points out of 32

1.5 points for the commitment to reduce exposure to coal mining companies: In 2015, Bank of America has committed to reduce credit exposure "globally to companies focused on coal extraction and to divisions of diversified mining companies that are focused on coal." Now, Bank of America only states that "going forward, we will maintain our significantly reduced credit exposure to these companies."

0.5 point for enhanced due diligence regading coal mining companies: Bank of America conducts enhanced due diligence for companies involved in coal mining.

See: Banking on Climate Change - policy scores

Bank of China
2020-03-01
CHN
0
1000000000
0
China
Profile
Laggard
0
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 0 points out of 32

See: Banking on Climate Change - policy scores

Bank of Montreal (BMO)
2020-03-01
CAN
0
1000000000
0
Canada
Profile
Laggard
0
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 0 points out of 32

See: Banking on Climate Change - policy scores

Barclays
2020-03-30
GBR
8
9000000000
0
United Kingdom
Profile
Laggard
8
Follower
Front runner
Leader
1585519200
Last update: 2020-03-30
Explanation

Total: 8 points out of 32

2 points for a weak exclusion of coal mining projects: Barclays prohibits financing for greenfield coal mines and mountaintop-removal coal mines.

3 points for the commitment to reduce finance to coal mining companies: From 2020 onwards, Barclays will not provide any financing to clients that generate more than 50% of revenue from thermal coal activities (mining and/or coal fired power generation); By 2025, Barclays will no longer provide any financing to clients that generate more than 30% of revenue from thermal coal activities; By 2030, Barclays will no longer provide any financing to clients that generate more than 10% of revenue from thermal coal activities.

3 points for a weak exclusion threshold regarding coal mining companies: Barclays will not provide any financing to clients that generate more than 50% of revenue from thermal coal activities (mining and/or coal fired power generation).

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-04-30 00:00:00

Position on climate change

2020-04-30 00:00:00
BBVA
2019-03-01
ESP
7
8000000000
0
Spain
Profile
Laggard
7
Follower
Front runner
Leader
1551394800
Last update: 2019-03-01
Explanation

Total: 7 points out of 32

2 points for a weak exclusion of coal mining projects: BBVA prohibits direct financing for new coal mines and coal mine expansions, including mountaintop removal (MTR) mines, but allows exceptions for countries with high levels of imported energy.

5 points for a moderate exclusion threshold for coal mining companies: BBVA prohibits financing for companies of which more than 25% of its activity consists of coal mining, but allows exceptions for companies with a diversification strategy.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-12-23 00:00:00

Environmental and Social Framework

2020-12-23 00:00:00
BNP Paribas
2020-07-22
FRA
30
3.1E+37
0
France
Profile
Laggard
Follower
Front runner
Leader
30
1595368800
Last update: 2020-07-22
Explanation

Total: 30 points out of 32

6 points for a strong exclusion of coal mining projects: BNP Paribas prohibits financing for thermal coal mining projects.

8 points for a strong exclusion of companies expanding coal mining (coal mine developers): BNP Paribas does not provide any financial products or services to companies that develop or are planning to develop thermal coal extraction capacities (new mines or expansion of existing ones).

8 points for a strong phase-out commitment regarding coal mining companies: BNP Paribas does not provide any financial products or services for mining companies that do not have a strategy to exit from thermal coal activities by 2030 for European Union and OECD countries and 2040 for the rest of the world.

8 points for a strong exclusion threshold regarding coal mining companies: BNP Paribas will not provide any financial products or services to mining entities that are producers of coal extracted from Appalachian MTR operation; and to mining entities and that do not have a strategy to exit from thermal coal activities by 2030 for EU and OECD countries and 2040 for the rest of the world. The bank will not finance mining entities that belong to groups that produce more than 10 million tons of thermal coal per year or generate more than 20% of their revenues from thermal coal.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-07-22 00:00:00

Coal mining - sector policy

2020-07-22 00:00:00
References
2020-7-22

BNP Paribas close to adopting global coal exit policy

2020-7-22
Reclaim Finance
Canadian Imperial Bank of Commerce (CIBC)
2020-11-20
CAN
0
1000000000
0
Canada
Profile
Laggard
0
Follower
Front runner
Leader
1605826800
Last update: 2020-11-20
Explanation

Total: 0 points out of 32

See: Banking on Climate Change - policy scores

China Construction Bank
2020-03-01
CHN
0
1000000000
0
China
Profile
Laggard
0
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 0 points out of 32

See: Banking on Climate Change - policy scores

Citi
2020-04-20
USA
9.5
1.05E+19
0
United States
Profile
Laggard
Follower
9.5
Front runner
Leader
1587333600
Last update: 2020-04-20
Explanation

Total: 9.5 points out of 32

6 points for a strong exclusion of coal mining projects: Citigroup provides no project-related financing for new thermal coal mines or expansions of existing mines.

3 points for the commitment to reduce financing for coal mining companies: Citigroup has commited to phase out financing for companies deriving ≥25% of their revenue from thermal coal mining by 2030, with interim targets.

0.5 point for enhanced due diligence regarding coal mining companies: Citi conducts corporate-level enhanced due diligence for the coal mining sector.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-07-31 00:00:00

Environmental and social policy framework

2020-07-31 00:00:00
Commerzbank AG
2020-03-01
DEU
7
8000000000
0
Germany
Profile
Laggard
7
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 7 points out of 32

4 points for a moderate exclusion of coal mining projects: Commerzbank prohibits direct finance for new coal mines and mountaintop removal (MTR) mines.

3 points for a weak exclusion threshold for coal mining companies: Commerzbank prohibits financing for all companies involved in mountaintop removal (MTR) coal mining.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2016-07-22 00:00:00

Updated position on coal

2016-07-22 00:00:00
Commonwealth Bank of Australia
2020-03-01
AUS
6
7000000000
0
Australia
Profile
Laggard
6
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 6 points out of 32

6 points for a moderate phase-out commitment regarding coal mining companies: Commonwealth Bank commits to reduce its exposure to thermal coal mining, with the view to exiting the sector by 2030.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-11-14 00:00:00

Environmental and Social Framework

2019-11-14 00:00:00
Crédit Agricole
2020-03-01
FRA
27
2.8E+37
0
France
Profile
Laggard
Follower
Front runner
Leader
27
1583017200
Last update: 2020-03-01
Explanation

Total: 27 points out of 32

6 points for a strong exclusion of coal mining projects: Crédit Agricole prohibits any support to thermal coal mines.

8 points for a strong exclusion of companies expanding coal mining (coal mine developers): Crédit Agricole prohibits financing to coal mine developers starting in 2021.

8 points for a strong phase-out commitment regarding coal mining companies: Crédit Agricole has committed to a full-fledged coal phase-out by 2030 for EU and OECD countries and 2040 for China. It requires from its clients a coal phase-out plan aligned with theses dates to continue to receive financial support from the bank starting in 2021.

5 points for a moderate exclusion threshold for coal mining companies: Crédit Agricole prohibits financing to coal mining companies above 25% of revenues coming from coal if they don't have a coal phase-out plan by 2021.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-06-06 00:00:00

Climate strategy

Document in English
2019-06-06 00:00:00
Crédit Mutuel
2020-03-01
FRA
30
3.1E+37
0
France
Profile
Laggard
Follower
Front runner
Leader
30
1583017200
Last update: 2020-03-01
Explanation

Total: 30 points out of 32

6 points for a strong exclusion of coal mining projects: Crédit Mutuel prohibits financing for greenfield or brownfield thermal coal mines.

8 points for a strong exclusion of companies expanding coal mining (coal mine developers): Crédit Mutuel prohibits financing for all coal mine developers.

8 points for a strong phase-out commitment regarding coal mining companies: Crédit Mutuel committed to a full coal phase-out by 2030. It requires its clients to have by 2021 a coal phase-out plan to close their coal assets by 2030 in order to continue to receive financial support from the bank.

8 points for a strong exclusion threshold for coal mining companies: Crédit Mutuel prohibits financing of companies with more than 20% of revenues from coal, or companies that produce more than 10 Mt of coal a year.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-02-20 00:00:00

Climate strategy

2020-02-20 00:00:00
csr policies
2019-05-10 00:00:00

Sector policy - Mining sector

2019-05-10 00:00:00
Credit Suisse Group
2020-08-01
CHE
7
8000000000
0
Switzerland
Profile
Laggard
7
Follower
Front runner
Leader
1596232800
Last update: 2020-08-01
Explanation

Total: 7 points out of 32

2 points for a weak exclusion of coal mining projects: Credit Suisse prohibits direct finance for new greenfield thermal coal mines, and mountaintop removal (MTR) projects. 

5 points for a moderate exclusion threshold for coal mining companies: Credit Suisse will not provide finance or underwriting to mining companies that derive more than 25% of its revenue from thermal coal extraction. However, they make an exception for companies that have a credible transition strategy to diversify away from thermal coal and where the transaction proceeds make a material contribution to this transition. 

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-08-01 00:00:00

Sector Policies and Guidelines

2020-08-01 00:00:00
Danske Bank
2021-02-01
DNK
9
10000000000
0
Denmark
Profile
Laggard
9
Follower
Front runner
Leader
1612134000
Last update: 2021-02-01
Explanation

Total: 9 points out of 32

4 points for a moderate exclusion of coal mining projects: Danske Bank does not finance new coal mines.

5 points for a moderate exclusion of coal mining companies: Danske Bank does provide new loans to companies that obtain 30% or more of their revenue from thermal coal mining, thermal coal utilities or the combination of thermal coal mining and thermal coal utilities.

See: Banking on Thin Ice

Relevant policies
csr policies
2019-09-30 00:00:00

Fossil fuels position statement

2019-09-30 00:00:00
DBS Bank
2020-03-01
SGP
2.5
3500000000
0
Singapore
Profile
Laggard
2.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 2.5 points out of 32

2 points for a weak exclusion of coal mining projects: DBS prohibits financing for greenfield thermal coal mines.

0.5 point for enhanced due diligence: DBS performs enhanced due diligence on coal mining companies by checking for a diversification strategy.

See: Banking on Climate Change - policy scores

Relevant policies
csr policiesprivate
2019-09-30 00:00:00

Our approach to responsible financing out of date

2019-09-30 00:00:00
Deutsche Bank
2020-07-27
DEU
5.5
6500000000
0
Germany
Profile
Laggard
5.5
Follower
Front runner
Leader
1595800800
Last update: 2020-07-27
Explanation

Total: 5.5 points out of 32

2 points for a weak exclusion of coal mining projects: Deutsche Bank prohibits any financing for greenfield thermal coal mines.

3 points for the commitment to reduce financing to coal mining companies: Deutsche Bank commits to phase out coal mining exposure by 2025 worldwide (including both lending and capital markets). Deutsche Bank does not have intermediate exclusion criteria around developers or dropping non-compliant clients. This commitment only covers companies that have more than 50% of their reserves in coal mining, or 50% of their revenues.

0.5 point for enhanced due diligence regarding coal mining companies: Deutsche Bank prohibits financing for the biggest U.S. MTR coal miners. This qualifies as enhanced due diligence. The exclusion would have to be broadened, either to encompass all MTR coal miners, or some non-MTR coal miners, to qualify for a higher score.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-07-27 00:00:00

Environmental and Social Policy Framework July 2020

2020-07-27 00:00:00
References
2020-7-27

Deutsche Bank’s new policies: much needed movement, still a long way to Paris

2020-7-27
urgewald
DNB
2021-02-01
NOR
3.5
4500000000
0
Norway
Profile
Laggard
3.5
Follower
Front runner
Leader
1612134000
Last update: 2021-02-01
Explanation

Total: 3.5 points out of 32

0.5 point for a MTR mine exclusion: DNB does not finance mountaintop removal activities.

3 points for a weak exclusion of coal mining companies: DNB does not finance new customers involved in coal extraction projects.

See: Banking on Thin Ice

Relevant policies
csr policies
2019-06-13 00:00:00

Group Standard for Corporate Social Responsibility in DNB Group's credit activities

2019-06-13 00:00:00
csr policies
2016-12-31 00:00:00

CSR-ESG sector guidance - metals and mining

2016-12-31 00:00:00
Goldman Sachs
2020-03-01
USA
9.5
1.05E+19
0
United States
Profile
Laggard
Follower
9.5
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 9.5 points out of 32

6 points for a strong exclusion of coal mining projects: Goldman Sachs's prohibition on financing for "new thermal coal mine development" covers both new mines and expansions of existing mines.

3 points for the commitment to reduce financing of coal mining companies: Goldman Sachs commits to "phase out our financing of thermal coal mining companies that do not have a diversification strategy within a reasonable timeframe." However this applies only to "significant" coal mining companies, and thus does not qualify as a weak phaseout, which must apply to most of the coal mining sector.

0.5 point for enhanced due diligence regarding coal mining companies: Goldman Sachs conducts enhanced due diligence "for transactions involving coal mining globally."

See: Banking on Climate Change - policy scores

Relevant policies
csr policiesprivate
2019-12-15 00:00:00

Environmental Policy Framework out of date

2019-12-15 00:00:00
HSBC
2020-03-01
GBR
8.5
9.5E+18
0
United Kingdom
Profile
Laggard
Follower
8.5
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 8.5 points out of 32

4 points for a moderate exclusion of coal mining projects: HSBC prohibits financing for new thermal coal mines.

1.5 points for the commitment to reduce exposure to coal mining companies: HSBC has committed to reduce its exposure to thermal coal mining.

3 points for a weak exclusion threshold for coal mining companies: HSBC prohibits financing for new clients dependent on coal mining.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-02-15 00:00:00

Minings & metals policy

2020-02-15 00:00:00
Industrial and Commercial Bank of China (ICBC)
2020-03-01
CHN
0
1000000000
0
China
Profile
Laggard
0
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 0 points out of 32

See: Banking on Climate Change - policy scores

ING
2020-03-01
NLD
13
1.4E+19
0
Netherlands
Profile
Laggard
Follower
13
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 13 points out of 32

4 points for a moderate exclusion of coal mining projects: ING prohibits financing for new thermal coal mines.

6 points for a moderate phase-out commitment regarding coal mining companies: ING has committed to phase out its financing for coal mining by 2025, but it does not exclude any coal developers.

3 points for a weak exclusion threshold for coal mining companies: ING excludes financing for companies above a 30% threshold involvement in coal mining, "provided our engagement does not facilitate the restricted activity itself." But the policy allows notable exceptions for application to existing clients.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-07-01 00:00:00

Environmental and Social Risk Framework

2019-07-01 00:00:00
Intesa Sanpaolo
2020-05-20
ITA
11
1.2E+19
0
Italy
Profile
Laggard
Follower
11
Front runner
Leader
1589925600
Last update: 2020-05-20
Explanation

Total: 11 points out of 32

4 points for a moderate exclusion of coal mining projects: Intesa Sanpaolo will not provide finance for new coal mines. Expansion not mentioned in this policy. Intesa Sanpaolo also restricts project finance for the acquisition of companies already operating in the mining sector if this leads to mix of extracted raw materials where coal accounts for more than 50%.

4 points for a weak exclusion of companies expanding coal mining: Intesa Sanpaolo will not provide any new general purpose finance to companies engaged in the construction of new coal mines.

3 points for a weak exclusion threshold regarding coal mining companies: Intesa Sanpaolo will not provide any new general purpose finance to companies involved in coal mining operations using the Mountain Top Removal (MTR) techniques.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-05-20 00:00:00

Rules for lending operations in the coal sector

2020-05-20 00:00:00
JPMorgan Chase
2020-03-01
USA
8
9000000000
0
United States
Profile
Laggard
8
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 8 points out of 32

2 points for a weak exclusion of coal mining projects: JPMorgan Chase prohibits financing for new greenfield coal mines only.

3 points for the commitment to reduce financing of coal mining companies: JPMorgan Chase has committed that by 2024, it will phase out its remaining credit exposure to companies deriving a majority of their revenue from coal mining. While this is a strong near-term deadline, it only applies to companies where over 50% of their revenue is derived from coal mining, and thus it does not qualify as a "weak phase-out" of the sector overall, but rather constitutes a reduction in financing for coal mining.

3 points for a weak exclusion threshold regarding coal mining companies: JPMorgan Chase prohibits "lending, capital markets or advisory services to companies deriving the majority of their revenues from the extraction of coal." If this revenue threshold were lower than 50%, this policy would be eligible for "moderate exclusion."

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-02-25 00:00:00

Environmental and social policy framework

2020-02-25 00:00:00
Jyske Bank
2021-02-01
DNK
0
1000000000
0
Denmark
Profile
Laggard
0
Follower
Front runner
Leader
1612134000
Last update: 2021-02-01
Explanation

Total: 0 points out of 32

See: Banking on Thin Ice

Mitsubishi UFJ Financial Group (MUFG)
2020-03-01
JPN
1
2000000000
0
Japan
Profile
Laggard
1
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 1 point out of 32

0.5 point for a mountaintop removal (MTR) mine exclusion: MUFG prohibits financing for MTR coal mining projects.

0.5 point for enhanced due diligence regarding coal mining companies: MUFG conducts enhanced due diligence for coal mining companies.

See: Banking on Climate Change - policy scores

Relevant policies
csr policiesprivate
2019-05-15 00:00:00

Revised Environmental and social policy framework out of date

2019-05-15 00:00:00
Mizuho
2020-06-01
JPN
1
2000000000
0
Japan
Profile
Laggard
1
Follower
Front runner
Leader
1590962400
Last update: 2020-06-01
Explanation

Total: 1 point out of 32

0.5 point for a mountaintop removal (MTR) mine exclusion: Mizuho will not provide financing or investment to coal mining projects employing the mountain top removal method.

0.5 point for enhanced due diligence regarding coal mining companies: Mizuho conducts enhanced due diligence for clients involved in coal mining.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-06-01 00:00:00

Environmental and Social Management Policy for Financing and Investment Activity

2020-06-01 00:00:00
Morgan Stanley
2020-04-22
USA
7.5
8500000000
0
United States
Profile
Laggard
7.5
Follower
Front runner
Leader
1587506400
Last update: 2020-04-22
Explanation

Total: 7.5 points out of 32

4 points for a moderate exclusion of coal mining projects: Morgan Stanley excludes direct finance for new coal mines. Expansion is not mentioned in this policy. Morgan Stanley will also not provide financing for mountain top removal coal mines.

3 points for the commitment to reduce financial exposure to coal mining companies: Morgan Stanley has pledged to phase out out financing of those thermal coal mining companies that do not have a diversification strategy within a reasonable timeframe. However this applies only to "significant" coal mining companies, and thus does not qualify as a weak phaseout, which must apply to most of the coal mining sector.

0.5 point for enhanced due diligence regarding coal mining companies: Morgan Stanley conducts enhanced due diligence for thermal coal mining companies. In addition, Morgan Stanley prohibits "financing for companies that rely on MTR for anything more than a limited portion of their annual coal production" as well as for any company without "a plan to eliminate existing MTR operations in the foreseeable future." Continued financing of companies involved in MTR at all is not strong enough to be counted as a weak exclusion of coal mining companies.

See: Banking on Climate Change - policy scores

Relevant policies
csr policiesprivate
2020-04-22 00:00:00

Environmental and social risk policy statement out of date

2020-04-22 00:00:00
csr policies
2019-03-15 00:00:00

Coal and oil & gas policy statements

2019-03-15 00:00:00
National Australia Bank
2020-03-01
AUS
11
1.2E+19
0
Australia
Profile
Laggard
Follower
11
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 11 points out of 32

4 points for a moderate exclusion of coal mining projects: NAB prohibits financing for new thermal coal mining projects.

4 points for a weak phase-out commitment regarding coal mining companies: NAB commits to its thermal coal mining financing to be effectively zero by 2035.

3 points for a weak exclusion threshold for coal mining companies: NAB prohibits new thermal coal mining clients.

See: Banking on Climate Change - policy scores

Relevant policies
csr policiesprivate
2021-02-25 00:00:00

ESG Risk Management

Date listed represents date as accessed on website
2021-02-25 00:00:00
csr policies
2021-02-25 00:00:00

Climate change commitments

Date listed represents date as accessed on website
2021-02-25 00:00:00
Natixis
2020-10-27
FRA
30
3.1E+37
0
France
Profile
Laggard
Follower
Front runner
Leader
30
1603753200
Last update: 2020-10-27
Explanation

Total: 30 points out of 32

6 points for a strong exclusion of coal mining projects: BPCE/Natixis prohibits financing for greenfield or brownfield thermal coal mines.

8 points for a strong exclusion of companies expanding coal mining (coal mine developers): BPCE/Natixis will no longer support companies that develop new capacity in coal-powered electricity generation or thermal coal mining.

8 points for a strong phase-out commitment regarding coal mining companies: BPCE/Natixis commits to fully withdraw from the thermal coal sector by 2030 for EU and OECD countries, and 2040 for the rest of the world. Companies must have provided or have ensured to provide by the end of 2021 a transition plan to fully withdrawal from thermal coal by 2030/2040.

8 points for a strong exclusion threshold for coal mining companies: BPCE/Natixis prohibits financing for companies whose activity is greater than 25% thermal coal mining (measured in revenues).

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-10-27 00:00:00

CSR sector policy applicable to the coal industry

2020-10-27 00:00:00
csr policies
2019-06-28 00:00:00

Sector policy applicable to the coal sector

2019-06-28 00:00:00
References
2020-10-28

Natixis: one step forward, two steps back on coal

2020-10-28
Reclaim Finance
NatWest
2020-03-01
GBR
20
2.1E+28
0
United Kingdom
Profile
Laggard
Follower
Front runner
20
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 20 points out of 32

4 points for a moderate exclusion of coal mining projects: RBS prohibits lending for new thermal coal mining projects.

8 points for a strong phase-out commitment regarding coal mining companies: RBS has committed to end financing for "companies where more than 15% of activities related to coal, unless they have a credible transition plan in line with the 2015 Paris Agreement by end of 2021" and complete a "full phase-out from coal by 2030." This applies to thermal and lignite coal mining and covers lending and underwriting.

8 points for a strong exclusion threshold for coal mining companies: RBS prohibits financing for "companies where more than 15% of activities related to coal, unless they have a credible transition plan in line with the 2015 Paris Agreement by end of 2021." This applies to thermal and lignite coal mining.

See: Banking on Climate Change - policy scores

Relevant policies
csr policiesprivate
2020-07-01 00:00:00

Mining & Metals Sector policy out of date

2020-07-01 00:00:00
csr policies
2021-02-23 00:00:00

Approach to climate change

Date listed represents date as accessed on website
2021-02-23 00:00:00
Nordea
2021-02-01
FIN
3
4000000000
0
Finland
Profile
Laggard
3
Follower
Front runner
Leader
1612134000
Last update: 2021-02-01
Explanation

Total: 3 points out of 32

3 points for a weak exclusion of coal mining companies: Nordea does not start new banking relationships with companies that are predominantly dependent on thermal coal, including mining companies involved in the extraction of thermal coal.

See: Banking on Thin Ice

Relevant policies
csr policies
2020-09-01 00:00:00

Nordea Sector Guideline for the Fossil Fuels Industry

2020-09-01 00:00:00
Nykredit
2021-02-01
DNK
0
1000000000
0
Denmark
Profile
Laggard
0
Follower
Front runner
Leader
1612134000
Last update: 2021-02-01
Explanation

Total: 0 points out of 32

See: Banking on Thin Ice

OCBC
2020-03-01
SGP
2
3000000000
0
Singapore
Profile
Laggard
2
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 2 points out of 32

2 points for a weak exclusion of coal mining projects: OCBC prohibits "new financing of Lignite Coal Mines" only.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-12-18 00:00:00

Responsible financing

Date listed represents date as accessed on website
2019-12-18 00:00:00
PNC Bank
2020-03-01
USA
2
3000000000
0
United States
Profile
Laggard
2
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 2 points out of 32

1.5 points for the commitment to reduce exposure to coal mining companies: PNC states that "over the last few years, we have gradually reduced our lending to coal mining companies."

0.5 point for enhanced due diligence regarding coal mining companies: PNC conducts enhanced due diligence for coal mining companies, and prohibits "new lending to coal producers with anything more than a de minimis exposure to mountaintop removal mining."

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2017-06-14 00:00:00

Updated 2016 CSR Report

2017-06-14 00:00:00
Royal Bank of Canada (RBC)
2020-10-02
CAN
6.5
7500000000
0
Canada
Profile
Laggard
6.5
Follower
Front runner
Leader
1601589600
Last update: 2020-10-02
Explanation

Total: 6.5 points out of 32

2 points for a weak exclusion of coal mining projects: RBC will not finance transactions where the proceeds will be primarily used to develop a new greenfield thermal coal mine or Mountain Top Removal coal mining projects. In this policy, greenfield refers to new plants or mines on land not previously used for that purpose.

1.5 points for the commitment to reduce exposure to coal mining companies: RBC will track and monitor its credit exposure to coal mining and endeavor to reduce it over time. There is no specific deadline or timeline mentioned.

3 points for a weak exclusion threshold for coal mining companies: RBC will not provide financing to new clients that operate significant thermal coal mining (>60% revenue). RBC will provide financing to new clients that operate some thermal coal mining (≤ 60% revenue) if the client can provide clear evidence that they are reducing their use of coal (e.g. diversifying, retiring assets); and/or reducing their GHG emissions; and/or converting to high-efficiency low emissions technologies. There are no exclusions for existing clients. 

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-09-14 00:00:00

Policy guidelines for sensitive sectors and activitities

2020-09-14 00:00:00
Santander
2020-03-01
ESP
7
8000000000
0
Spain
Profile
Laggard
7
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 7 points out of 32

4 points for a moderate exclusion of coal mining projects: Santander prohibits financing for new thermal coal mine projects.

3 points for a weak exclusion threshold for coal mining companies: Santander prohibits financing for "new clients with thermal coal mine projects worldwide." Exclusions that apply to new clients only are restricted to the "weak exclusion" category.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-01-21 00:00:00

Mining and metals sector - general policy

2020-01-21 00:00:00
Scotiabank
2020-03-01
CAN
0
1000000000
0
Canada
Profile
Laggard
0
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 0 points out of 32

See: Banking on Climate Change - policy scores

Skandinaviska Enskilda Banken (SEB)
2021-02-01
SWE
17
1.8E+28
0
Sweden
Profile
Laggard
Follower
Front runner
17
Leader
1612134000
Last update: 2021-02-01
Explanation

Total: 17 points out of 32

6 points for a strong exclusion of coal mining projects: SEB will not provide financial services to new and existing thermal coal mines.

6 points for a moderate phase-out commitment regarding coal mining companies: SEB will exit its current business relationships where more than 5% of the companies' revenues is derived from thermal coal mining by 2025. This commitment is not strong because SEB makes an exception for German coal companies.

5 points for a moderate exclusion of coal mining companies: SEB does not provide financing to companies with a material share of revenues (more than 15%) deriving from thermal coal mining. This company exclusion is not strong because SEB makes an exception for German coal companies.

See: Banking on Thin Ice

Société Générale
2020-07-31
FRA
23
2.4E+28
0
France
Profile
Laggard
Follower
Front runner
23
Leader
1596146400
Last update: 2020-07-31
Explanation

Total: 23 points out of 32

6 points for a strong exclusion of coal mining projects: Société Générale prohibits financing for all thermal coal mining projects.

4 points for a weak exclusion of companies expanding coal mining (coal mine developers): Société Générale will not finance new companies developing, or planning to develop, new thermal coal mines. From the end of 2021 onwards, Société Générale will refrain from financing any company developing, or planning to develop, new thermal coal mines. Société Générale will also refrain from financing 'Corporate Entities' of the thermal coal mining sector (which are defined as corporate entities directly operating or owning thermal coal mining assets) that are developing or planning to develop thermal coal mining capacity. However, these commitments only apply to majority owners of the asset.

8 points for a strong phase-out commitment regarding coal mining companies: Société Générale has committed to zero out its exposure to the thermal coal sector by ''2030 for companies with mining or power production thermal coal assets located in the EU or OECD countries and 2040 companies holding such assets elsewhere."

5 points for a moderate exclusion threshold for coal mining companies: Société Générale will not finance new companies that are generating over 25% of their revenues in the thermal coal sector or that do not have a transition plan aligned with the 2030/2040 coal phase-out objectives of Société Générale. Furthermore, the bank will not provide new financial products and services to existing clients that generate over 25% of their revenues in thermal coal sector and do no have a time-bound transition plan to exit. From the end of 2021 onwards, the bank will not provide finance to any company that does not have a transition plan aligned with the 2030/2040 coal phase-out objectives of the bank.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-07-31 00:00:00

Thermal coal sector policy

2020-07-31 00:00:00
References
2020-7-1

An Accelerated Exit from the Coal Sector

2020-7-1
Société Générale
2020-7-31

Société Générale releases a misleading coal phase out policy

2020-7-31
Reclaim Finance
Sparebank 1 SR-Bank
2021-02-01
NOR
11
1.2E+19
0
Norway
Profile
Laggard
Follower
11
Front runner
Leader
1612134000
Last update: 2021-02-01
Explanation

Total: 11 points out of 32

6 points for a strong exclusion of coal mining projects: SpareBank 1 SR-Bank does not finance coal mining projects.

5 points for a moderate exclusion of coal mining companies: SpareBank 1 SR-Bank does not finance companies engaged in the extraction of coal. It is unclear whether a revenue or turnover threshold is applied to identify companies.

See: Banking on Thin Ice

Relevant policies
csr policies
2020-09-30 00:00:00

Baerekraft i SpareBank 1 SR-Bank

2020-09-30 00:00:00
Standard Chartered
2020-03-01
GBR
7.5
8500000000
0
United Kingdom
Profile
Laggard
7.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 7.5 points out of 32

4 points for a moderate exclusion of coal mining projects: Standard Chartered prohibits financing for all new thermal coal mines.

3 points for the commitment to reduce financing of coal mining companies: Standard Chartered's coal phase-out plan includes a staged phase-out of coal companies, starting with those that are most involved with coal. By 2030, Standard Chartered will only support clients that are <10% dependent on earnings from thermal coal -- however this approach does not commit the bank to phasing out support for ALL companies dependent on thermal coal.

0.5 point for enhanced due diligence regarding coal mining companies: Standard Chartered conducts enhanced due diligence for coal mining companies. Standard Chartered also excludes financing for new clients that are 100% coal mining, but this is not a comprehensive enough exclusion on new clients to qualify for "weak exclusion."

See: Banking on Climate Change - policy scores

Relevant policies
bank documents
2019-12-17 00:00:00

Climate Change/Taskforce on Climate-related Financial Disclosures (‘TCFD’) report

2019-12-17 00:00:00
csr policiesprivate
2019-09-19 00:00:00

Extractive Industries Position Statement out of date

2019-09-19 00:00:00
Sumitomo Mitsui Banking Corporation (SMBC)
2020-05-01
JPN
1
2000000000
0
Japan
Profile
Laggard
1
Follower
Front runner
Leader
1588284000
Last update: 2020-05-01
Explanation

Total: 1 points out of 32

0.5 point for a mountaintop removal (MTR) mine exclusion: SMBC does not provide support for coal mining projects that are conducting the MTR method.

0.5 point for enhanced due diligence regarding coal mining companies: SMBC conducts enhanced due diligence for coal mining businesses when considering lending.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-04-16 00:00:00

Revision of ESG financing policies

2020-04-16 00:00:00
Svenska Handelsbanken
2021-02-01
SWE
7
8000000000
0
Sweden
Profile
Laggard
7
Follower
Front runner
Leader
1612134000
Last update: 2021-02-01
Explanation

Total: 7 points out of 32

4 points for a moderate exclusion of coal mining projects: Svenska Handelsbanken does not directly finance new mining of coal.

3 points for a weak exclusion of coal mining companies: Svenska Handelsbanken will not start new business relationships with companies that are active in coal mining.

See: Banking on Thin Ice

Relevant policies
csr policies
2020-05-11 00:00:00

Environment and climate change guidelines

2020-05-11 00:00:00
Swedbank
2021-02-01
SWE
8
9000000000
0
Sweden
Profile
Laggard
8
Follower
Front runner
Leader
1612134000
Last update: 2021-02-01
Explanation

Total: 8 points out of 32

8 points for a strong exclusion of coal mining companies: Swedbank will not provide financial services to companies mining and producing coal to more than 5% of its revenue.

See: Banking on Thin Ice and Swedbank's updated Position Statement on Climate Change below (Jan. 26, 2021).

Relevant policies
csr policies
2021-01-26 00:00:00

Position Statement Climate Change

2021-01-26 00:00:00
Sydbank
2021-02-01
DNK
0
1000000000
0
Denmark
Profile
Laggard
0
Follower
Front runner
Leader
1612134000
Last update: 2021-02-01
Explanation

Total: 0 points out of 32

See: Banking on Thin Ice

TD
2020-03-01
CAN
1
2000000000
0
Canada
Profile
Laggard
1
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 1 point out of 32

0.5 point for a mountaintop removal (MTR) mine exclusion: TD prohibits financing for transactions related to mountaintop removal coal mining only.

0.5 point for enhanced due diligence regarding coal mining companies: TD conducts enhanced due diligence for the mining sector.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-11-09 00:00:00

Non-Retail Environmental and Social Credit Risk Process (Updated November 2020)

2019-11-09 00:00:00
csr policies
2019-06-24 00:00:00

Responsible Financing

Page 17 of TD's CSR report 2018
2019-06-24 00:00:00
UBS
2020-03-01
CHE
8
9000000000
0
Switzerland
Profile
Laggard
8
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 8 points out of 32

2 points for a weak exclusion of coal mining projects: UBS prohibits financing for greenfield thermal coal mines.

3 points for the commitment to reduce financing of coal mining companies: UBS has committed to "continue to severely restrict lending and capital raising to the coal mining sector."

3 points for a weak exclusion threshold for coal mining companies: UBS prohibits financing for companies with any mountaintop removal coal mining operations.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-04-21 00:00:00

Climate-related standards in the enery and utilities sectors

Page 56 of the UBS' CSR report 2019
2020-04-21 00:00:00
UniCredit Group
2020-09-04
ITA
30
3.1E+37
0
Italy
Profile
Laggard
Follower
Front runner
Leader
30
1599170400
Last update: 2020-09-04
Explanation

Total: 30 points out of 32

6 points for a strong exclusion of coal mining projects: UniCredit excludes all types of banking services aimed at a coal-related project activity, regardless of any other consideration. This includes finance for new coal mines, existing coal mines and the expansion of coal mines.

8 points for a strong exclusion of companies expanding coal mining (coal mine developers): UniCredit does not provide any financial services to coal-related subjects (defined as all the companies/subjects operating in coal-fired power generation area + the thermal coal mining area) that expand the coal business (e.g. by expanding existing coal capacity or buying/building new production sites).

8 points for a strong phase-out commitment: UniCredit is committed to reduce its exposure to the coal sector to zero by 2028 globally.

8 points for a strong exclusion threshold for coal mining companies: UniCredit will not provide any banking services to coal-related subjects (including subsidiaries) that get more than 25% of their current revenues in the coal business. From end 2021 onwards, companies also need to have a credible plan in place phasing out their coal business by 2028.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-08-31 00:00:00

Coal sector global policy

2020-08-31 00:00:00
References
2020-9-9

UniCredit becomes the first non-French financial institution to adopt a high-quality coal policy

2020-9-9
Reclaim Finance
United Overseas Bank
2020-03-01
SGP
2.5
3500000000
0
Singapore
Profile
Laggard
2.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 2.5 points out of 32

2 points for a weak exclusion of coal mining projects: UOB prohibits financing of greenfield thermal coal mines.

0.5 point for enhanced due diligence regarding coal mining companies: UOB has enhanced due diligence for the Metals and Mining sector.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-12-18 00:00:00

Approach to material ESG factors

Date listed represents date as accessed on website
2019-12-18 00:00:00
US Bancorp
2020-03-01
USA
6
7000000000
0
United States
Profile
Laggard
6
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 6 points out of 32

4 points for a moderate exclusion of coal mining projects: US Bank prohibits financing for new coal mines only.

1.5 points for the commitment to reduce exposure to coal mining companies: US Bank has committed to reduce its exposure to coal companies.

0.5 point for enhanced due diligence regarding coal mining companies: US Bank does not finance "coal producers who rely on MTR for anything more than a limited portion of its firm’s overall coal production." This is not strong enough to merit a "weak exclusion threshold," but does count as enhanced due diligence for coal mining.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-02-11 00:00:00

Environmental responsibility policy

2020-02-11 00:00:00
Wells Fargo
2020-03-01
USA
2.5
3500000000
0
United States
Profile
Laggard
2.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 2.5 points out of 32

0.5 point for a mountaintop removal (MTR) mine exclusion: Wells Fargo prohibits direct financing of mountaintop removal coal mines.

1.5 points for the commitment to reduce exposure to coal mining companies: Wells Fargo has committed to continue reducing credit exposure to the coal mining industry.

0.5 point for enhanced due diligence regarding coal mining companies: Wells Fargo conducts enhanced due diligence for coal mining companies. In addition, Wells Fargo prohibits financing "to coal producers engaged primarily in MTR mining." Continued financing of companies involved in MTR at all is not strong enough to be counted as a weak exclusion of coal mining companies.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2018-06-30 00:00:00

Environmental and Social Risk Management Framework

2018-06-30 00:00:00
Westpac
2020-05-04
AUS
6.5
7500000000
0
Australia
Profile
Laggard
6.5
Follower
Front runner
Leader
1588543200
Last update: 2020-05-04
Explanation

Total: 6.5 points out of 32

2 points for a weak exclusion of coal mining projects: Westpac limits its support for thermal coal mines or projects to existing basins by maintaining the following quality criteria: average calorific value on a Gross As Received basis must be at least 5,700 kCal/kg for existing mines; and at least 6,300 kCal/kg Gross As Received for new mines.

1.5 points for the commitment to reduce exposure to coal mining companies: Westpac commits to reduce its exposure to coal customers to zero by 2030, whereby coal customers are defined as those companies generating more than 25% of revenues from thermal coal.

3 points for a weak exclusion threshold for coal mining companies: Westpac will not establish relationships with new thermal coal customers, with thermal coal customers defined as those generating more than 25% of revenues from thermal coal. Exclusions that apply to new clients only are restricted to the "weak exclusion" category.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-05-04 00:00:00

Climate Change Position Statement and 2023 Action Plan

2020-05-04 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for coal mining projects.

  • None (0), mountaintop removal mining exclusion (0.5), weak exclusion (2), moderate exclusion (4), strong exclusion (6)

2) Restriction on financing for companies that expand coal mining.

  • None (0), weak exclusion (4), strong exclusion (8)

3) The bank’s commitment to phase-out financing for coal mining.

  • None (0), exposure reduction (1.5), financing reduction (3), weak phase-out (4), moderate phase-out (6), strong phase-out (8)

4) The bank’s commitment to exclude companies active in coal mining above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (3), moderate exclusion threshold (5), strong exclusion threshold (8), full exclusion (10)

A bank can obtain a total of 32 policy points for its coal mining policy. Based on this score banks are then classified as laggards (0-8 points), followers (8.5-16 points), front runners (16.5-24 points) or leaders (24.5-32 points).

 

Banks excluding finance for coal mining

A number of banks have already taken steps to fully or partially exclude coal mining or companies involved in coal mining operations from their investments. The table below lists banks that have taken such steps. 

Exclusion table coal mining

BankLast update
Country
Details
Project
Company
ABN AMRO
2020-03-01
NLD
14
1.5E+19
99
Netherlands
Profile
Project
Company
14
1583017200
Last update: 2020-03-01
Explanation

ABN AMRO prohibits direct finance for the acquisition or building of thermal coal mines, and mountaintop removal (MTR) coal mines.

ABN AMRO prohibits financing for companies with greater than 25% revenue from thermal coal mining. This is considered a strong company exclusion policy.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2018-11-30 00:00:00

Exclusion list

2018-11-30 00:00:00
csr policies
2018-06-30 00:00:00

Sector policy for metals & minerals

2018-06-30 00:00:00
ANZ
2020-10-29
AUS
3
4000000000
99
Australia
Profile
Project
3
Company
1603926000
Last update: 2020-10-29
Explanation

ANZ will not directly finance any new thermal coal mines, or expansions.

ANZ's weak policy prohibits lending to new clients whose thermal coal assets exceed 10% of revenue, including coal mining companies.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-11-30 00:00:00

Energy policy

2019-11-30 00:00:00
References
2020-10-29

ANZ 2020 policy update analysis

2020-10-29
Market Forces
2020-11-5

2020-11-5
Barclays
2020-03-30
GBR
4
5000000000
-2
United Kingdom
Profile
Project
4
Company
1585519200
Last update: 2020-03-30
Explanation

Barclays prohibits financing for greenfield coal mines and mountaintop-removal coal mines.

Barclays will not provide any financing to clients that generate more than 50% of revenue from thermal coal activities (mining and/or coal fired power generation).

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-04-30 00:00:00

Position on climate change

2020-04-30 00:00:00
BBVA
2020-12-23
ESP
7
8000000000
-2
Spain
Profile
Project
7
Company
1608678000
Last update: 2020-12-23
Explanation

BBVA prohibits direct financing for new coal mines and coal mine expansions, including mountaintop removal (MTR) mines, but allows exceptions for countries with high levels of imported energy.

BBVA prohibits financing for companies of which more than 25% of its activity consists of coal mining, but allows exceptions for companies with a diversification strategy.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-12-23 00:00:00

Environmental and Social Framework

2020-12-23 00:00:00
csr policies
2019-03-01 00:00:00

Sector Norms

2019-03-01 00:00:00
BNP Paribas
2020-07-22
FRA
9
1.0E+19
99
France
Profile
Project
Company
9
1595368800
Last update: 2020-07-22
Explanation

BNP Paribas prohibits financing for thermal coal mining projects.

BNP Paribas does not provide any financial products or services to companies that develop or are planning to develop thermal coal extraction capacities (new mines or expansion of existing ones).

It does also not provide any financial products or services to mining entities that are producers of coal extracted from Appalachian MTR operations; and to mining entities and that do not have a strategy to exit from thermal coal activities by 2030 for EU and OECD countries and 2040 for the rest of the world. The bank does also not finance mining entities that belong to groups that: produce more than 10 million tons of thermal coal per year, or generate more than 20% of their revenues from thermal coal.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-07-22 00:00:00

Coal mining - sector policy

2020-07-22 00:00:00
References
2020-7-22

BNP Paribas Close to Adopting Global Exit Policy

2020-7-22
Reclaim Finance
Citi
2020-04-20
USA
2
3000000000
100
United States
Profile
Project
2
Company
1587333600
Last update: 2020-04-20
Explanation

Citigroup provides no project-related financing for new thermal coal mines or expansions of existing mines.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-07-31 00:00:00

Environmental and social policy framework

2020-07-31 00:00:00
Commerzbank AG
2020-03-01
DEU
7
8000000000
-2
Germany
Profile
Project
7
Company
1583017200
Last update: 2020-03-01
Explanation

Commerzbank prohibits direct finance for new coal mines and mountaintop removal (MTR) mines.

Commerzbank prohibits financing for all companies involved in mountaintop removal (MTR) coal mining.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2016-07-22 00:00:00

Updated position on coal

2016-07-22 00:00:00
Crédit Agricole
2020-03-01
FRA
0
99
France
Profile
Project
Company
1583017200
Last update: 2020-03-01
Explanation

Crédit Agricole prohibits any support to thermal coal mines.

With regard to companies, Crédit Agricole prohibits financing to coal mine developers starting in 2021.

It also prohibits financing to coal mining companies above 25% of revenues coming from coal if they don't have a coal phase-out plan by 2021.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-06-06 00:00:00

Climate strategy

Document in English
2019-06-06 00:00:00
Crédit Mutuel
2020-03-01
FRA
0
99
France
Profile
Project
Company
1583017200
Last update: 2020-03-01
Explanation

Crédit Mutuel prohibits financing for greenfield or brownfield thermal coal mines.

Crédit Mutuel prohibits financing for all coal mine developers and it prohibits financing of companies with more than 20% of revenues from coal, or companies that produce more than 10 Mt of coal a year.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-02-20 00:00:00

Climate strategy

2020-02-20 00:00:00
csr policies
2019-05-10 00:00:00

Sector policy - Mining sector

2019-05-10 00:00:00
Credit Suisse Group
2020-08-01
CHE
2.5
3500000000
-2
Switzerland
Profile
Project
2.5
Company
1596232800
Last update: 2020-08-01
Explanation

Credit Suisse prohibits direct finance for new greenfield thermal coal mines, and mountaintop removal (MTR) projects.

Credit Suisse will not provide finance or underwriting to mining companies that derive more than 25% of its revenue from thermal coal extraction. However, they make an exception for companies that have a credible transition strategy to diversify away from thermal coal and where the transaction proceeds make a material contribution to this transition. 

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-08-01 00:00:00

Sector Policies and Guidelines

2020-08-01 00:00:00
Danske Bank
2021-02-01
DNK
0
-2
Denmark
Profile
Project
Company
1612134000
Last update: 2021-02-01
Explanation

Danske Bank does not finance new coal mines.

Danske Bank does provide new loans to companies that obtain 30% or more of their revenue from thermal coal mining, thermal coal utilities or the combination of thermal coal mining and thermal coal utilities.

See: Banking on Thin Ice

Relevant policies
csr policies
2019-09-30 00:00:00

Fossil fuels position statement

2019-09-30 00:00:00
DBS Bank
2020-03-01
SGP
2.5
3500000000
-1
Singapore
Profile
Project
2.5
Company
1583017200
Last update: 2020-03-01
Explanation

DBS prohibits financing for greenfield thermal coal mines.

See: Banking on Climate Change - policy scores

Relevant policies
csr policiesprivate
2019-09-30 00:00:00

Our approach to responsible financing out of date

2019-09-30 00:00:00
Deutsche Bank
2020-03-01
DEU
4
5000000000
-1
Germany
Profile
Project
4
Company
1583017200
Last update: 2020-03-01
Explanation

Deutsche Bank prohibits new financing for greenfield thermal coal mines.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2016-06-09 00:00:00

Position on Coal and mountaintop removal

2016-06-09 00:00:00
DNB
2021-02-01
NOR
0
-2
Norway
Profile
Project
Company
1612134000
Last update: 2021-02-01
Explanation

DNB does not finance mountaintop removal activities.

DNB does not finance new customers involved in coal extraction projects.

See: Banking on Thin Ice

Relevant policies
csr policies
2016-12-31 00:00:00

CSR-ESG sector guidance - metals and mining

2016-12-31 00:00:00
csr policies
2019-06-13 00:00:00

Group Standard for Corporate Social Responsibility in DNB Group's credit activities

2019-06-13 00:00:00
Goldman Sachs
2020-03-01
USA
9.5
1.05E+19
100
United States
Profile
Project
Company
9.5
1583017200
Last update: 2020-03-01
Explanation

Goldman Sachs's prohibition on financing for "new thermal coal mine development" covers both new mines and expansions of existing mines.

See: Banking on Climate Change - policy scores

Relevant policies
csr policiesprivate
2019-12-15 00:00:00

Environmental Policy Framework out of date

2019-12-15 00:00:00
HSBC
2020-03-01
GBR
8.5
9.5E+18
-2
United Kingdom
Profile
Project
Company
8.5
1583017200
Last update: 2020-03-01
Explanation

HSBC prohibits financing for new thermal coal mines.

HSBC prohibits financing for new clients dependent on coal mining.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-02-15 00:00:00

Minings & metals policy

2020-02-15 00:00:00
ING
2020-03-01
NLD
13
1.4E+19
-2
Netherlands
Profile
Project
Company
13
1583017200
Last update: 2020-03-01
Explanation

ING prohibits financing for new thermal coal mines.

ING excludes financing for companies above a 30% threshold involvement in coal mining, "provided our engagement does not facilitate the restricted activity itself." But the policy allows notable exceptions for application to existing clients.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-07-01 00:00:00

Environmental and Social Risk Framework

2019-07-01 00:00:00
Intesa Sanpaolo
2020-05-20
ITA
0
-2
Italy
Profile
Project
Company
1589925600
Last update: 2020-05-20
Explanation

Intesa Sanpaolo will not provide finance for new coal mines. Intesa Sanpaolo also restricts project finance for the acquisition of companies already operating in the mining sector if this leads to mix of extracted raw materials where coal accounts for more than 50%.

Intesa Sanpaolo will not provide any new general purpose finance to companies engaged in the construction of new coal mines. It will also not provide any new general purpose finance to companies involved in coal mining operations using the Mountain Top Removal (MTR) techniques.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-05-20 00:00:00

Rules for lending operations in the coal sector

2020-05-20 00:00:00
JPMorgan Chase
2020-03-01
USA
8
9000000000
-2
United States
Profile
Project
8
Company
1583017200
Last update: 2020-03-01
Explanation

JPMorgan Chase prohibits financing for new greenfield coal mines only.

JPMorgan Chase prohibits "lending, capital markets or advisory services to companies deriving the majority of their revenues from the extraction of coal." If this revenue threshold were lower than 50%, this policy would be eligible for "moderate exclusion."

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-02-25 00:00:00

Environmental and social policy framework

2020-02-25 00:00:00
Mitsubishi UFJ Financial Group (MUFG)
2020-03-01
JPN
1
2000000000
-1
Japan
Profile
Project
1
Company
1583017200
Last update: 2020-03-01
Explanation

MUFG only prohibits financing for mountaintop removal (MTR) coal mining projects.

See: Banking on Climate Change - policy scores

Relevant policies
csr policiesprivate
2019-05-15 00:00:00

Revised Environmental and social policy framework out of date

2019-05-15 00:00:00
Mizuho
2020-06-01
JPN
0
1000000000
-1
Japan
Profile
Project
0
Company
1590962400
Last update: 2020-06-01
Explanation

Mizuho will not provide financing or investment to coal mining projects employing the mountain top removal method.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-06-01 00:00:00

Environmental and Social Management Policy for Financing and Investment Activity

2020-06-01 00:00:00
Morgan Stanley
2020-04-22
USA
2.5
3500000000
-1
United States
Profile
Project
2.5
Company
1587506400
Last update: 2020-04-22
Explanation

Morgan Stanley excludes direct finance for new coal mines. Morgan Stanley will also not provide financing for mountain top removal coal mines.

See: Banking on Climate Change - policy scores

Relevant policies
csr policiesprivate
2020-04-22 00:00:00

Environmental and social risk policy statement out of date

2020-04-22 00:00:00
csr policies
2019-03-15 00:00:00

Coal and oil & gas policy statements

2019-03-15 00:00:00
National Australia Bank
2020-03-01
AUS
11
1.2E+19
-2
Australia
Profile
Project
Company
11
1583017200
Last update: 2020-03-01
Explanation

NAB prohibits financing for new thermal coal mining projects.

NAB prohibits new thermal coal mining clients.

See: Banking on Climate Change - policy scores

Relevant policies
csr policiesprivate
2021-02-25 00:00:00

ESG Risk Management

Date listed represents date as accessed on website
2021-02-25 00:00:00
csr policies
2021-02-25 00:00:00

Climate change commitments

Date listed represents date as accessed on website
2021-02-25 00:00:00
Natixis
2020-10-27
FRA
14
1.5E+19
99
France
Profile
Project
Company
14
1603753200
Last update: 2020-10-27
Explanation

BPCE/Natixis prohibits financing for greenfield or brownfield thermal coal mines.

BPCE/Natixis does not support companies that develop new capacity in coal-powered electricity generation or thermal coal mining.

BPCE/Natixis also prohibits financing for companies whose activity is greater than 25% thermal coal mining (measured in revenues).

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-10-27 00:00:00

CSR sector policy applicable to the coal industry

2020-10-27 00:00:00
References
2020-10-28

Natixis: one step forward, two steps back on coal

2020-10-28
Reclaim Finance
NatWest
2020-03-01
GBR
0
-2
United Kingdom
Profile
Project
Company
1583017200
Last update: 2020-03-01
Explanation

RBS prohibits lending for new thermal coal mining projects.

RBS prohibits financing for "companies where more than 15% of activities related to coal, unless they have a credible transition plan in line with the 2015 Paris Agreement by end of 2021." This applies to thermal and lignite coal mining.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2021-02-23 00:00:00

Approach to climate change

Date listed represents date as accessed on website
2021-02-23 00:00:00
csr policiesprivate
2020-07-01 00:00:00

Mining & Metals Sector policy out of date

2020-07-01 00:00:00
Nordea
2021-02-01
FIN
0
-1
Finland
Profile
Project
Company
1612134000
Last update: 2021-02-01
Explanation

Nordea does not start new banking relationships with companies that are predominantly dependent on thermal coal, including mining companies involved in the extraction of thermal coal.

See: Banking on Thin Ice

Relevant policies
csr policies
2020-09-01 00:00:00

Nordea Sector Guideline for the Fossil Fuels Industry

2020-09-01 00:00:00
OCBC
2020-03-01
SGP
2
3000000000
-1
Singapore
Profile
Project
2
Company
1583017200
Last update: 2020-03-01
Explanation

OCBC prohibits "new financing of Lignite Coal Mines" only.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-12-18 00:00:00

Responsible financing

Date listed represents date as accessed on website
2019-12-18 00:00:00
Royal Bank of Canada (RBC)
2020-10-02
CAN
0
-2
Canada
Profile
Project
Company
1601589600
Last update: 2020-10-02
Explanation

RBC will not finance transactions where the proceeds will be primarily used to develop a new greenfield thermal coal mine or Mountain Top Removal coal mining projects. In this policy, greenfield refers to new plants or mines on land not previously used for that purpose.

RBC will not provide financing to new clients that operate significant thermal coal mining (>60% revenue). RBC will provide financing to new clients that operate some thermal coal mining (≤ 60% revenue) if the client can provide clear evidence that they are reducing their use of coal (e.g. diversifying, retiring assets); and/or reducing their GHG emissions; and/or converting to high-efficiency low emissions technologies. There are no exclusions for existing clients. 

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-09-14 00:00:00

Policy guidelines for sensitive sectors and activitities

2020-09-14 00:00:00
Santander
2020-03-01
ESP
7
8000000000
-2
Spain
Profile
Project
7
Company
1583017200
Last update: 2020-03-01
Explanation

Santander prohibits financing for new thermal coal mine projects.

Santander prohibits financing for "new clients with thermal coal mine projects worldwide."

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-01-21 00:00:00

Mining and metals sector - general policy

2020-01-21 00:00:00
Skandinaviska Enskilda Banken (SEB)
2021-02-01
SWE
0
99
Sweden
Profile
Project
Company
1612134000
Last update: 2021-02-01
Explanation

SEB will not provide financial services to new and existing thermal coal mines.

SEB does not provide financing to companies with a material share of revenues (more than 15%) deriving from thermal coal mining, and makes an exception for German companies.

See: Banking on Thin Ice

Société Générale
2020-07-31
FRA
0
99
France
Profile
Project
Company
1596146400
Last update: 2020-07-31
Explanation

Société Générale prohibits financing for all thermal coal mining projects.

Société Générale will not finance new companies developing, or planning to develop, new thermal coal mines. From the end of 2021 onwards, Société Générale will refrain from financing any company developing, or planning to develop, new thermal coal mines. Société Générale will also refrain from financing 'Corporate Entities' of the thermal coal mining sector (which are defined as corporate entities directly operating or owning thermal coal mining assets) that are developing or planning to develop thermal coal mining capacity. However, these commitments only apply to majority owners of the asset.

Société Générale will not finance new companies that are generating over 25% of their revenues in the thermal coal sector or that do not have a transition plan aligned with the 2030/2040 coal phase-out objectives of Société Générale. Furthermore, the bank will not provide new financial products and services to existing clients that generate over 25% of their revenues in thermal coal sector and do no have a time-bound transition plan to exit. From the end of 2021 onwards, the bank will not provide finance to any company that does not have a transition plan aligned with the 2030/2040 coal phase-out objectives of the bank.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-07-31 00:00:00

Thermal coal sector policy

2020-07-31 00:00:00
References
2020-7-1

An Accelerated Exit from the Coal Sector

2020-7-1
Société Générale
2020-7-31

Société Générale releases a misleading coal phase out policy

2020-7-31
Reclaim Finance
Sparebank 1 SR-Bank
2021-02-01
NOR
0
99
Norway
Profile
Project
Company
1612134000
Last update: 2021-02-01
Explanation

SpareBank 1 SR-Bank does not finance coal mining projects.

SpareBank 1 SR-Bank does not finance companies engaged in the extraction of coal. It is unclear whether a revenue or turnover threshold is applied to identify companies.

See: Banking on Thin Ice

Relevant policies
csr policies
2020-09-30 00:00:00

Baerekraft i SpareBank 1 SR-Bank

2020-09-30 00:00:00
Standard Chartered
2020-03-01
GBR
7.5
8500000000
-1
United Kingdom
Profile
Project
7.5
Company
1583017200
Last update: 2020-03-01
Explanation

Standard Chartered prohibits financing for all new thermal coal mines.

See: Banking on Climate Change - policy scores

Relevant policies
bank documents
2019-12-17 00:00:00

Climate Change/Taskforce on Climate-related Financial Disclosures (‘TCFD’) report

2019-12-17 00:00:00
csr policiesprivate
2019-09-19 00:00:00

Extractive Industries Position Statement out of date

2019-09-19 00:00:00
Sumitomo Mitsui Banking Corporation (SMBC)
2020-05-01
JPN
0
1000000000
-1
Japan
Profile
Project
0
Company
1588284000
Last update: 2020-05-01
Explanation

SMBC does not provide support for coal mining projects that use the mountaintop removal (MTR) method.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-04-16 00:00:00

Revision of ESG financing policies

2020-04-16 00:00:00
Svenska Handelsbanken
2021-02-01
SWE
0
-2
Sweden
Profile
Project
Company
1612134000
Last update: 2021-02-01
Explanation

Svenska Handelsbanken does not directly finance new mining of coal.

Svenska Handelsbanken will not start new business relationships with companies that are active coal mining.

See: Banking on Thin Ice

Relevant policies
csr policies
2020-05-11 00:00:00

Environment and climate change guidelines

2020-05-11 00:00:00
Swedbank
2021-02-01
SWE
0
-1
Sweden
Profile
Project
Company
1612134000
Last update: 2021-02-01
Explanation

Swedbank will not provide financial services to companies mining and producing coal to more than 5% of its revenue.

See: Banking on Thin Ice and Swedbank's updated Position Statement on Climate Change below (Jan. 26, 2021).

Relevant policies
csr policies
2021-01-26 00:00:00

Position Statement Climate Change

2021-01-26 00:00:00
TD
2020-03-01
CAN
1
2000000000
-1
Canada
Profile
Project
1
Company
1583017200
Last update: 2020-03-01
Explanation

TD prohibits financing for transactions related to mountaintop removal coal mining only.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-11-09 00:00:00

Non-Retail Environmental and Social Credit Risk Process (Updated November 2020)

2019-11-09 00:00:00
csr policies
2019-06-24 00:00:00

Responsible Financing

Page 17 of TD's CSR report 2018
2019-06-24 00:00:00
UBS
2020-03-01
CHE
8
9000000000
-2
Switzerland
Profile
Project
8
Company
1583017200
Last update: 2020-03-01
Explanation

UBS prohibits financing for greenfield thermal coal mines.

UBS prohibits financing for companies with any mountaintop removal coal mining operations.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-04-21 00:00:00

Climate-related standards in the enery and utilities sectors

Page 56 of the UBS' CSR report 2019
2020-04-21 00:00:00
UniCredit Group
2020-09-04
ITA
0
99
Italy
Profile
Project
Company
1599170400
Last update: 2020-09-04
Explanation

UniCredit excludes all types of banking services aimed at a coal-related project activity, regardless of any other consideration. This includes finance for new coal mines, existing coal mines and the expansion of coal mines.

UniCredit does not provide any financial services to coal-related subjects (defined as all the companies/subjects operating in coal-fired power generation area + the thermal coal mining area) that expand the coal business (e.g. by expanding existing coal capacity or buying/building new production sites).

UniCredit will also not provide any banking services to coal-related subjects (including subsidiaries) that get more than 25% of their current revenues in the coal business. From end 2021 onwards, companies also need to have a credible plan in place phasing out their coal business by 2028.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-08-31 00:00:00

Coal sector global policy

2020-08-31 00:00:00
References
2020-9-9

UniCredit becomes the first non-French financial institution to adopt a high-quality coal policy

2020-9-9
Reclaim Finance
United Overseas Bank
2020-03-01
SGP
2.5
3500000000
-1
Singapore
Profile
Project
2.5
Company
1583017200
Last update: 2020-03-01
Explanation

UOB prohibits financing of greenfield thermal coal mines.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-12-18 00:00:00

Approach to material ESG factors

Date listed represents date as accessed on website
2019-12-18 00:00:00
US Bancorp
2020-03-01
USA
6
7000000000
-1
United States
Profile
Project
6
Company
1583017200
Last update: 2020-03-01
Explanation

US Bank prohibits financing for new coal mines only.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-02-11 00:00:00

Environmental responsibility policy

2020-02-11 00:00:00
Wells Fargo
2020-03-01
USA
2.5
3500000000
-1
United States
Profile
Project
2.5
Company
1583017200
Last update: 2020-03-01
Explanation

Wells Fargo prohibits direct financing of mountaintop removal coal mines.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2018-06-30 00:00:00

Environmental and Social Risk Management Framework

2018-06-30 00:00:00
Westpac
2020-05-04
AUS
5
6000000000
-2
Australia
Profile
Project
5
Company
1588543200
Last update: 2020-05-04
Explanation

Westpac limits its support for thermal coal mines or projects to existing basins by maintaining the following quality criteria: average calorific value on a Gross As Received basis must be at least 5,700 kCal/kg for existing mines; and at least 6,300 kCal/kg Gross As Received for new mines.

Westpac prohibits lending to new thermal coal customers, with thermal coal customers defined as those generating more than 25% of revenues from thermal coal.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-05-04 00:00:00

Climate Change Position Statement and 2023 Action Plan

2020-05-04 00:00:00
Explanation

This table lists banks that have adopted a full ( ) or partial ( ) exclusion policy for coal mining projects and/or companies. Click on 'Details' for the rationale of this assessment for each bank.

See the Coal Policy Tool from Reclaim Finance for a more in-depth analysis of coal policies from banks (and other financial institutions).

 

Feedback welcome

Our policy assessments are always a work in progress and we very much welcome any feedback, especially from banks included in them. You can of course also contact us for more information on specific scores and the latest policy changes. Please get in touch at climate@banktrack.org.

News

| |
Type:
Year:
blog
external news
our news

Groundbreaking research reveals the financiers of the coal industry

Today, Urgewald & partners published an analysis of the financiers & investors behind the entire coal industry for the 1st time. One of the shocking results was that banks provide more money to coal than in 2016.
2021-02-25 | urgewald, Reclaim Finance
blog
external news
our news

NGOs release the 2020 Global Coal Exit List

935 companies that banks, investors and insurers need to avoid
2020-11-12 | Berlin | urgewald
blog
external news
our news

ANZ commits to exit thermal coal, but rewards climate-destructive companies

2020-10-29 | Market Forces
blog
external news
our news

Natixis: one step forward, two steps back on coal

2020-10-28 | Reclaim Finance
blog
external news
our news

RBC announces new restrictions on financing coal, oil developments

2020-10-02 | Global News
blog
external news
our news

Give us back our water and homes: communities stand up to greedy coal

2020-09-25 | Germany, Poland
blog
external news
our news

Société Générale releases a misleading coal phase out policy

(erratum added)
2020-07-31 | Reclaim Finance
blog
external news
our news

Deutsche Bank’s new policies: much needed movement, still a long way to Paris

2020-07-27 | Berlin, Frankfurt | urgewald
blog
external news
our news

BNP Paribas close to adopting global coal exit policy

2020-07-22 | Paris | Friends of the Earth France, Reclaim Finance
blog
external news
our news

Will Vietnam’s new energy policy mark a turning point for coal?

2020-07-22 | Eco-Business
blog
external news
our news

European banks accused of propping up coal polluters

2020-07-15 | London | Financial Times
blog
external news
our news

Fool’s Gold: financial institutions waste billions undermining climate action

Financial institutions risking our renewable energy future by supporting the European coal sector
2020-07-15 | Nijmegen | BankTrack, Greenpeace, urgewald, 350.org Japan, BlackRock, Ember, Europe Beyond Coal, Foundation Development YES Open-Pit Mines NO, Friends of the Earth Finland, Friends of the Earth France, Re:Common, Reclaim Finance, ShareAction
blog
external news
our news

Will China continue to bank on coal?

2020-06-01 | Dry Cargo International
blog
external news
our news

Morgan Stanley next major US bank to rule out financing Arctic oil & gas

The new policy update also excludes financing new thermal coal mines and coal-fired power plants as well as a commitment to phase out financing of thermal coal mining companies.
2020-04-24 | New York | Ben Cushing, Sierra Club
blog
external news
our news

Japan’s 2nd largest bank – Mizuho – announces strictest ESG policies to date in Japan

Japan’s 2nd largest bank – Mizuho – adopts NDPE criteria for forest sector clients and announces strictest ESG policies to date in Japan – This puts the bank well ahead of its competitors SMBC & MUFG
2020-04-22 | Forests & Finance
blog
external news
our news

Banking on Climate Change – Fossil Fuel Finance Report Card 2020

New report reveals global banks funneled USD 2.7 trillion into fossil fuels Since Paris Climate Agreement, with financing on the rise each year 
2020-03-18 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
blog
external news
our news

Standard Bank’s coal policy fails to provide meaningful leadership on the climate crisis

2020-03-12 | Life After Coal/Impilo Ngaphandle Kwamalahle
blog
external news
our news

Standard Chartered announces exit from three coal plant projects and phase-out of corporate support for coal

2019-12-17 | London, UK | BankTrack, Market Forces
blog
external news
our news

Goldman Sachs adopts strongest fossil finance policy by a major US Bank

Bank rules out thermal coal and Arctic oil projects, commits to exit coal mining
2019-12-15 | San Francisco | Rainforest Action Network
blog
external news
our news

Banks warned that deficient fossil fuel policies are accelerating climate crisis

2019-12-12 | Madrid | BankTrack
blog
external news
our news

UniCredit urged to do the final ‘right thing’ and drop the coal barons

2019-11-27 | Rome, Italy | BankTrack, Re:Common
blog
external news
our news

NGOs release updated Global Coal Exit List for finance industry

2019-09-19 | Berlin | urgewald
blog
external news
our news

Commonwealth Bank of Australia out of thermal coal by 2030

New fossil fuel projects must prove carbon compliance
2019-08-07 | Melbourne, Australia | Market Forces
blog
external news
our news

Crédit Agricole gets real on coal, but oil & gas restrictions must follow, says BankTrack

2019-06-06 | Paris, France | BankTrack
blog
external news
our news

Banking on Climate Change – Fossil Fuel Finance Report Card 2019

World's top banks have poured $1.9 trillion into fossil fuel financing since the Paris Agreement was adopted, with financing on the rise each year
2019-03-20 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
blog
external news
our news

Every two weeks a bank, insurer or lender announces new coal restrictions

Major financial institutions restricting coal funding tops 100
2019-02-27 | IEEFA
blog
external news
our news

Greenpeace Japan calls for a more meaningful and clearer coal investment policy at MUFG AGM

2018-06-28 | Tokyo | Greenpeace Japan
blog
external news
our news

HSBC moves on tar sands, but fails the coal test

2018-04-20 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

Umweltschützer: Bankensektor entfernt sich vom Kohleausstieg

2018-03-28 | energate messenger
blog
external news
our news

European NGOs challenge Banco Santander climate policy at Annual Meeting

IIDMA questions Banco Santander's climate policy and requested clarification on its financing of coal companies in Poland
2018-03-23 | Madrid | BankTrack, Foundation Development YES Open-Pit Mines NO, IIDMA, ShareAction
blog
external news
our news

Danske Invest makes huge expansion in exclusion efforts

2018-02-28 | Citywire Selektor
blog
external news
our news

One Planet Summit: A round up of new fossil fuel policy announcements

2017-12-21 | Yann Louvel – BankTrack
blog
external news
our news

Comment: Vietnam’s coal decision is the Paris Agreement in action

2016-01-15 | Unearthed
blog
external news
our news

BNP Paribas and Société Générale move away from coal – but not far enough

2015-11-19 | BankTrack and Les Amis de la Terre
blog
external news
our news

Indigenous Australians call on Standard Chartered not to fund coal mine project

2015-06-12
blog
external news
our news

Banks invest record €66bn in coal sector

2014-10-30 | RTCC - Responding To Climate Change
blog
external news
our news

Carmichael Coal Mine: Unacceptable Impacts on Major Rivers and Groundwater

2013-12-08 | Lock the Gate Alliance
blog
external news
our news

Banking on Coal – Undermining our Climate

NGOs reveal top 20 international banks financing the coal mining industry
2013-11-15 | Warsaw | BankTrack, Urgewald
blog
external news
our news

Is Bank of America really a corporate sustainability leader?

2013-09-16 | GreenBiz
blog
external news
our news

“Sustainable” badge for Bank of America stretches credibility of Dow Jones Sustainability Index

2013-09-13 | Nijmegen | BankTrack
blog
external news
our news

Rabobank, Storebrand Dump Fossil Fuel Companies

2013-07-08 | Environmental Leader
blog
external news
our news

Norwegian pension fund divests from ‘financially worthless’ fossil fuel firms

2013-07-05 | Blue and Green Tomorrow
blog
external news
our news

Investor Alert: GVK's US$10 billion Australian coal project uneconomic, an unacceptable risk

Finanial analysis of GVK Alpha Coal Project in Queensland's Galilee Basin concludes
2013-06-19 | Sydney | Greenpeace
blog
external news
our news

93 banks, 31 mining companies – coal financing exposed

2012-01-25 | Berlin | Heinrich Boll Stiftung
blog
external news
our news

Bankrolling Climate Change

NGOs present groundbreaking research on banks’ involvement in coal financing
2011-11-30 | Durban | urgewald, Earthlife, BankTrack and groundWork
blog
external news
our news

Coal study names top 20 'climate killer' banks

2011-11-30 | The Guardian
blog
external news
our news

Bankrolling Climate Change: New study ranks top 20 Climate Killer banks

2011-11-30 | Durban | commondreams.org
blog
external news
our news

RBS ‘bankrolling climate change’, says campaign group

2011-11-30 | Durban | Deadline news
blog
external news
our news

Top banks branded 'climate killers' for financing coal plants

2011-11-30 | Durban | Business Green
blog
external news
our news

Banktrack says BofA and Wells Fargo are killing the climate

2011-11-30 | Durban | clclt.com
blog
external news
our news

Carbon credits for India coal power plant stoke criticism

2011-07-12 | Singapore | Reuters
blog
external news
our news

BankTrack calls upon banks to help fight runaway climate change

New position paper outlines hard choices banks must make if they wish to be part of the solution to the climate crisis
2009-12-10 | Nijmegen, Netherlands | BankTrack

Documents

Type:
Year:
other documents
2020-12-22 00:00:00

Coal 2020

Analysis and forecast to 2025
2020-12-22 00:00:00 | International Energy Agency (IEA)
ngo documents
2020-12-18 00:00:00

Pollution of land, surface and groundwater near the slag and ash disposal site of Tuzla thermal power plant

2020-12-18 00:00:00 | CEE Bankwatch Network and Europe Beyond Coal
our publications
2020-07-15 00:00:00

Fool's Gold

The financial institutions risking our renewable energy future with coal
2020-07-15 00:00:00 | Europe Beyond Coal, BankTrack, BlackRock’s Big Problem, Ember, Fundacja "Rozwój TAK - Odkrywki NIE”, Friends of the Earth Finland, Friends of the Earth France, Greenpeace, Reclaim Finance, Re:Common, ShareAction, Urgewald, 350 Japan
our publications
2020-03-18 00:00:00

Banking on Climate Change - Fossil Fuel Finance Report 2020

2020-03-18 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club
other documents
2020-03-18 00:00:00

Banking on Climate Change - Fossil Finance Report Card 2020 [Excel sheet]

Excel sheet with detailed bank policy scores
2020-03-18 00:00:00 | BankTrack, Rainforest Action Network, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club
our publications
2019-11-30 00:00:00

Exiting coal. Is the French finance industry on its way?

2019-11-30 00:00:00 | BankTrack, Unfriend Coal
our publications
2019-12-05 00:00:00

The UK's dirty coal secret

$26 billion support from big four banks for international companies planning coal fleet 16 times the size of current UK capacity
2019-12-05 00:00:00 | BankTrack, urgewald, 350.org
our publications
2019-11-14 00:00:00

Exiting coal. Is the French finance industry on its way?

2019-11-14 00:00:00 | BankTrack, Unfriend Coal
ngo documents
2019-06-10 00:00:00

Phasing out coal: Crédit Agricole leads by example

Other financial institutions lag behind
2019-06-10 00:00:00 | Friends of the Earth France
our publications
2019-03-20 00:00:00

Banking on Climate Change 2019

2019 Fossil Fuel Finance Report Card
2019-03-20 00:00:00 | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club.
ngo documents
2018-10-17 00:00:00

No exceptions

Why HSBC’s new coal policy could fuel climate change
2018-10-17 00:00:00 | Christian Aid
ngo documents
2017-09-25 00:00:00

Banks: High Carbon, Hidden Risks

2017-09-25 00:00:00 | Rainforest Action Network
our publications
2017-05-08 00:00:00

ING Coal Bank Briefing 2017

2017-05-08 00:00:00 | BankTrack
our publications
2017-06-21 00:00:00

Banking on Climate Change 2017

Fossil Fuel Finance Report Card 2017
2017-06-21 00:00:00 | Rainforest Action Network, BankTrack, Sierra Club, Oil Change International
our publications
2017-05-04 00:00:00

UBS Fossil Bank Briefing 2017

2017-05-04 00:00:00 | BankTrack, Greenpeace, Waterkeeper Alliance
our publications
2017-04-28 00:00:00

Credit Suisse Fossil Bank Briefing 2017

2017-04-28 00:00:00 | BankTrack and Greenpeace
other documents
2015-11-02 00:00:00

Beginning of the lignite bust in Poland

2015-11-02 00:00:00 | Michal Wilczynski
our publications
2016-11-14 00:00:00

Still Coughing Up For Coal

Big Banks After the Paris Agreement
2016-11-14 00:00:00 | BankTrack, Rainforest Action Network, Friends of the Earth France, urgewald and Market Forces
our publications
2016-06-14 00:00:00

Shorting the Climate

Fossil Fuel Finance Report Card 2016
2016-06-14 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club and Oil Change International
our publications
2016-05-19 00:00:00

Crédit Agricole Coal Bank Briefing 2016

2016-05-19 00:00:00 | BankTrack, Les Amis de la Terre France
ngo documents
2016-02-22 00:00:00

Indonesian Coal Market Update

Regulatory Crackdown on Coal Mining
2016-02-22 00:00:00 | Greenpeace
correspondence
2015-12-18 00:00:00

Letter from The Co-operative Bank to BankTrack on signing the Paris Pledge

2015-12-18 00:00:00 | The Co-operative Bank
our publications
2015-12-02 00:00:00

The Coal Test: Where Banks Stand on Climate at COP 21

2015-12-02 00:00:00 | Rainforest Action Network, BankTrack, Friends of the Earth-France, and urgewald
correspondence
2015-11-26 00:00:00

Letter from Cultura Bank to BankTrack on signing the Paris Pledge

2015-11-26 00:00:00 | Cultura Bank
correspondence
2015-11-23 00:00:00

Letter from Sparda Bank to BankTrack on signing the Paris Pledge

2015-11-23 00:00:00 | Sparda Bank
correspondence
2015-11-19 00:00:00

Letter from Ecology Building Society to BankTrack on signing the Paris Pledge

2015-11-19 00:00:00 | Ecology Building Society
correspondence
2015-11-17 00:00:00

Letter from NewB to BankTrack on signing the Paris Pledge

2015-11-17 00:00:00 | NewB
correspondence
2015-11-15 00:00:00

Letter from Triodos Bank to BankTrack on signing the Paris Pledge

2015-11-15 00:00:00 | Triodos Bank
correspondence
2015-11-11 00:00:00

Letter from JAK Medlemsbank to BankTrack on signing the Paris Pledge

2015-11-11 00:00:00 | JAK Medlemsbank
correspondence
2015-11-11 00:00:00

Letter from Folkesparekassen to BankTrack on signing the Paris Pledge

2015-11-11 00:00:00 | Folkesparekassen
correspondence
2015-11-11 00:00:00

Letter from ProCredit Bank to BankTrack on signing the Paris Pledge

2015-11-11 00:00:00 | ProCredit Bank
correspondence
2015-10-12 00:00:00

Letter from Alternative Bank Schweiz to BankTrack on signing the Paris Pledge

2015-10-12 00:00:00 | Alternative Bank Schweiz
correspondence
2015-10-09 00:00:00

Letter from Beneficial State Bank to BankTrack on signing the Paris Pledge

2015-10-09 00:00:00 | Beneficial State Bank
correspondence
2015-10-08 00:00:00

Letter from Merkur Bank to BankTrack on signing the Paris Pledge

2015-10-08 00:00:00 | Merkur Bank
correspondence
2015-10-05 00:00:00

Letter from La Nef to BankTrack on signing the Paris Pledge

2015-10-05 00:00:00 | La Nef
ngo documents
2015-10-05 00:00:00

Financing Climate Chaos

How Minnesota’s Banking Giants Prioritize Profit in the Face of Climate Change
2015-10-05 00:00:00 | MN 350
correspondence
2015-09-22 00:00:00

Letter from GLS to BankTrack on signing the Paris Pledge

2015-09-22 00:00:00 | GLS
correspondence
2015-09-03 00:00:00

Letter from ASN Bank to BankTrack on signing the Paris Pledge

2015-09-03 00:00:00 | ASN Bank
correspondence
2015-08-27 00:00:00

Letter from Ekobanken to BankTrack on signing the Paris Pledge

2015-08-27 00:00:00 | Ekobanken
correspondence
2015-08-24 00:00:00

Letter from New Resource Bank to BankTrack on signing the Paris Pledge

2015-08-24 00:00:00 | New Resource Bank
correspondence
2015-08-11 00:00:00

Letter from EthikBank to BankTrack on signing the Paris Pledge

2015-08-11 00:00:00 | EthikBank
correspondence
2015-08-10 00:00:00

Letter from Banco FIE to BankTrack on signing the Paris Pledge

2015-08-10 00:00:00 | Banco FIE
correspondence
2015-07-23 00:00:00

Letter from UmweltBank to BankTrack on signing the Paris Pledge

2015-07-23 00:00:00 | UmweltBank
our publications
2015-06-08 00:00:00

Standard Chartered's involvement in the Carmichael coal mine would be 'non-standard' and 'unchartered', on the bank's own terms

2015-06-08 00:00:00 | BankTrack
our publications
2015-05-21 00:00:00

Deutsche Bank Coal Bank Briefing 2015

2015-05-21 00:00:00 | BankTrack
our publications
2015-05-20 00:00:00

Crédit Agricole Coal Bank Briefing 2015

French version
2015-05-20 00:00:00 | BankTrack, Friends of the Earth France
our publications
2015-05-20 00:00:00

Crédit Agricole Coal Bank Briefing 2015

English version
2015-05-20 00:00:00 | BankTrack, Friends of the Earth France
our publications
2015-05-19 00:00:00

Société Générale Coal Bank Briefing 2015

English version
2015-05-19 00:00:00 | BankTrack, Les Amis de la Terre
our publications
2015-05-19 00:00:00

Société Générale Coal Bank Briefing 2015

French version
2015-05-19 00:00:00 | BankTrack, Les Amis de la Terre
our publications
2015-05-13 00:00:00

BNP Paribas Coal Bank Briefing 2015

English version
2015-05-13 00:00:00 | BankTrack, Les Amis de la Terre
our publications
2015-05-04 00:00:00

The end of coal?

2015 Coal Finance Report Card
2015-05-04 00:00:00 | BankTrack, Rainforest Action Network and Sierra Club
our publications
2015-04-16 00:00:00

Coal Market Update April 2015

Depressed market see utilities phase out coal and miners cut production
2015-04-16 00:00:00 | Greenpeace, BankTrack
our publications
2014-12-16 00:00:00

Coal Market Update December 2014

Spinning off risky coal assets increasing in momentum
2014-12-16 00:00:00 | Greenpeace and BankTrack
our publications
2014-10-29 00:00:00

Banking on Coal 2014

2014-10-29 00:00:00 | BankTrack
our publications
2014-09-23 00:00:00

Coal Market Update September 2014

Uncertain Markets as Corruption Stories Break Around the World
2014-09-23 00:00:00 | Greenpeace and BankTrack
our publications
2014-07-11 00:00:00

Coal Market Update July 2014

Supply glut continues to weigh on prices
2014-07-11 00:00:00 | Greenpeace and BankTrack
our publications
2014-04-17 00:00:00

Coal Finance Report Card 2014

Extreme Investments; Extreme Consequences
2014-04-17 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
our publications
2014-03-03 00:00:00

Coal Market Update March 2014

Another chapter of Beijing air pollution saga; coal protests continue in India and Australia
2014-03-03 00:00:00 | Greenpeace and BankTrack
ngo documents
2013-11-26 00:00:00

Remote Prospects

A financial analysis of Adani's coal gamble in Australia's Galilee Basin
2013-11-26 00:00:00 | IEEFA, Greenpeace Australia Pacific
our publications
2013-11-21 00:00:00

Coal Market Update November 2013

Britain and UN weigh in on coal debate in Warsaw
2013-11-21 00:00:00 | Greenpeace and BankTrack
other documents
2013-11-19 00:00:00

Warsaw – Day 8: King Coal gets a kicking

2013-11-19 00:00:00 | Eco Business
other documents
2013-11-19 00:00:00

UK banks are coal's biggest lenders

2013-11-19 00:00:00 | World Coal
other documents
2013-11-18 00:00:00

Top 20 banks ‘bankrolling’ coal mining sector

2013-11-18 00:00:00 | Mining People Environment
other documents
2013-11-17 00:00:00

COP19: Heffa Schücking on banks! role in coal boom

2013-11-17 00:00:00 | Climate Change TV
our publications
2013-11-15 00:00:00

Banking on Coal

2013-11-15 00:00:00 | Published by urgewald, BankTrack, CEE Bankwatch Network and Polska Zielona Sieć
other documents
2013-11-14 00:00:00

W"glowa bankowo#$ – kosztem ludzi, #rodowiska i klimatu

2013-11-14 00:00:00 | Dla Klimatu
ngo documents
2013-10-01 00:00:00

Glencore Xstrata – the birth of a mining monster

Briefing paper
2013-10-01 00:00:00 | London Mining Network
ngo documents
2013-09-30 00:00:00

Banking while Borneo burns

How the UK financial sector is bankrolling Indonesia's fossil fuel boom
2013-09-30 00:00:00 | World Development Movement
ngo documents
2013-09-23 00:00:00

Coal India: Running on Empty?

2013-09-23 00:00:00 | Greenpeace India
our publications
2013-09-23 00:00:00

Coal Market Update September 2013

Governments and international financial institutions waking up to the dangers of coal investments
2013-09-23 00:00:00 | Greenpeace and BankTrack
ngo documents
2013-08-14 00:00:00

Coal India investor brief

High risk, low return
2013-08-14 00:00:00 | Greenpeace
ngo documents
2013-07-23 00:00:00

Thirsty Coal 2

Shenua's Water Grab
2013-07-23 00:00:00 | Greenpeace East Asia
our publications
2013-07-23 00:00:00

Coal Market Update July 2013

Low prices take their toll on coal firms
2013-07-23 00:00:00 | Greenpeace and BankTrack
ngo documents
2013-06-01 00:00:00

Stranded

A Financial analysis of GVK’s proposed Alpha Coal Project in Australia’s Galilee Basin
2013-06-01 00:00:00 | IEEFA, Greenpeace Australia Pacific
our publications
2013-05-16 00:00:00

Coal Market Update May 2013

Coal market continues to underperform
2013-05-16 00:00:00 | Greenpeace and BankTrack
ngo documents
2013-05-02 00:00:00

Financing Reef Destruction

How banks are using our money to destroy a natural icon
2013-05-02 00:00:00 | Market Forces
ngo documents
2013-05-01 00:00:00

The Cerrejón mine - Coal exploitation in Colombia

2013-05-01 00:00:00 | World Development Movement
our publications
2013-04-29 00:00:00

Coal Finance Report Card 2013

Extreme investments - US Banks and the Coal Industry
2013-04-29 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
our publications
2013-03-07 00:00:00

Coal Risk Update March 2013

Arch Coal, Blair Mountain, and Bank Human Rights Commitments
2013-03-07 00:00:00 | Rainforest Action Network, BankTrack
our publications
2013-03-04 00:00:00

Coal Market Update March 2013

No signs of a coal rebound in 2013
2013-03-04 00:00:00 | Greenpeace and BankTrack
our publications
2013-02-05 00:00:00

Coal Risk Update February 2013

Selenium Risk at Alpha Natural Resources’s Mountaintop Removal Mines
2013-02-05 00:00:00 | Rainforest Action Network, BankTrack
our publications
2012-12-19 00:00:00

Coal Market Update December 2012

What does Doha mean for the future of coal?
2012-12-19 00:00:00 | Greenpeace and BankTrack
our publications
2012-10-23 00:00:00

Coal Market Update October 2012

Where will the water come from?
2012-10-23 00:00:00 | Greenpeace and BankTrack
ngo documents
2012-09-01 00:00:00

Equator Principles and the Alpha Coal Project

2012-09-01 00:00:00 | Greenpeace Australia Pacific
ngo documents
2012-08-14 00:00:00

Thirsty Coal

A Water Crisis Exacerbated by China's New Mega Coal Power Bases
2012-08-14 00:00:00 | Greenpeace East Asia
ngo documents
2012-08-01 00:00:00

Coal financing - what the KfW prefers to keep under wraps

2012-08-01 00:00:00 | urgewald
our publications
2012-07-30 00:00:00

Coal Market Update July 2012

Volatile thermal coal prices and environmental risks make export projects unattractive
2012-07-30 00:00:00 | Greenpeace and BankTrack
ngo documents
2012-07-11 00:00:00

Rio Tinto: a record fit for the Olympics?

Rio Tinto briefing July 2012
2012-07-11 00:00:00 | London Mining Network
our publications
2012-05-14 00:00:00

Coal Market Update May 2012

Growing uncertainty for medium term coal export market: Are assumptions behind coal export projects sound?
2012-05-14 00:00:00 | Greenpeace and BankTrack
our publications
2012-05-01 00:00:00

Coal Finance Report Card 2012

Dirty Money, U.S. Banks at theBottom of the Class
2012-05-01 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
ngo documents
2012-01-01 00:00:00

BHP Billiton Dirty Deeds

Alternative Annual Report 2012
2012-01-01 00:00:00 | London Mining Network, Mineral Policy Institute
our publications
2011-11-30 00:00:00

Bankrolling climate change

A look into the portfolios of the world`s largest banks
2011-11-30 00:00:00 | urgewald/BankTrack/groundwork
ngo documents
2011-11-15 00:00:00

Bank of America: Risking Public Health and the Climate

2011-11-15 00:00:00 | Rainforest Action Network
bank documents
2011-10-24 00:00:00

Financing New Coal-Fired Power Plants

Guidance Note
2011-10-24 00:00:00 | The Climate Group
ngo documents
2011-09-01 00:00:00

Why Coal Projects in the CDM undermine Climate Goals

2011-09-01 00:00:00 | CDM Watch and Sierra Club
ngo documents
2011-06-01 00:00:00

White Paper: Financial Risks of Investments in Coal

2011-06-01 00:00:00 | As You Sow
our publications
2011-04-05 00:00:00

Policy and Practice

2011 report card on banks and mountaintop removal
2011-04-05 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club
ngo documents
2011-03-21 00:00:00

Dirty Money - Corporate greenwash and RBS coal finance

2011-03-21 00:00:00 | Platform
ngo documents
2011-01-21 00:00:00

The Principle Matter - Banks, Climate and the Carbon Principles

2011-01-21 00:00:00 | Rainforest Action Network
ngo documents
2010-09-07 00:00:00

Australian banks financing coal and renewable energy

2010-09-07 00:00:00 | Profundo for Greenpeace Australia Pacific
ngo documents
2010-06-02 00:00:00

Bankers on Tenterhooks

Climate change: co-funded by banks operating in Belgium
2010-06-02 00:00:00 | Netwerk Vlaanderen
our publications
2010-05-13 00:00:00

Policy and Practice: report card on banks and mountaintop removal

2010-05-13 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
ngo documents
2010-05-01 00:00:00

An introduction to Anglo American plc

2010-05-01 00:00:00 | London Mining Network
correspondence
2010-04-14 00:00:00

Letter from RAN, Sierra Club, BankTrack to Citigroup on Mountaintop Removal

2010-04-14 00:00:00 | RAN, Sierra Club, BankTrack
our publications
2009-12-10 00:00:00

A challenging climate 2.0

What banks must do to combat climate change
2009-12-10 00:00:00 | BankTrack
our publications
2009-03-01 00:00:00

Meek Principles for a Tough Climate

Why the Climate and Carbon Principles will not stop the melting of the ice
2009-03-01 00:00:00 | BankTrack
ngo documents
2008-08-01 00:00:00

Cashing in on coal: RBS, UK banks and the global coal industry

2008-08-01 00:00:00 | Platform
our publications
2007-12-12 00:00:00

A Challenging Climate

What international banks should do to combat climate change
2007-12-12 00:00:00 | BankTrack
ngo documents
2007-10-24 00:00:00

The biggest cause of climate change: Coal-fired power plants

2007-10-24 00:00:00 | Rainforest Action Network (RAN)
ngo documents
2007-07-12 00:00:00

The dirty truth about clean coal

2007-07-12 00:00:00 | RAN

Media

Banking on Coal - Charts & Maps

Links

RWE set to destroy more villages in order to dig up more lignite

https://twitter.com/AlleDoerfer/status/1291357829652193280
Browse
Home
Banks
Dodgy Deals
Map
Campaigns
About
About BankTrack
Donate
Contact BankTrack
Publications
Victories
Follow Us
News
BankTrack blog
Facebook page
Twitter channel
Vismarkt 15
6511 VJ Nijmegen
The Netherlands

Tel: +31 24 324 9220
Contact@banktrack.org
©2016 BankTrack                Webdesign by BankTrack and EASYmind
BankTrack is a registered charity in the Netherlands (ANBI) - RSIN 813874658
Find our privacy policy here

Stay up to date

Sign up now for all BankTrack's news


Make a comment

Your comment will be reviewed, before being posted