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

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

Coal power

After crude oil, coal is currently the world’s second largest primary energy source. Coal is a carbon-rich black rock with a very high climate impact when combusted. Electricity produced from coal has the highest climate impact of all types of fossil fuels and opposition to coal power has steadily been growing due to its severe climate, environmental and health impacts. Furthermore, coal power is getting priced out of the market by renewables, which continue to plummet in price, as well as by gas. Coal power use is declining sharply in the OECD and Eastern European countries, although in Latin America, the Middle East and many Asian countries its use remains stable or on the rise.

When coal is burned, it releases a wide range of pollutants and toxins including lead, sulfur dioxide, nitrogen oxides, mercury and various heavy metals. This pollution is particularly severe in often poorer countries with weaker regulatory regimes. Health impacts for people downwind from coal power plants range from various types of cancer, respiratory diseases, brain damage and premature deaths. The ash left after burning coal often ends up in waste sites after which it can contaminate the local water supplies. The most severe long-term impact of burning coal is the release of carbon dioxide and other greenhouse gases that cause climate change.

Banks and coal power

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

The world’s two biggest financiers of coal power are Chinese banks ICBC and Bank of China. Both have financed coal power to the tune of USD 21 billion since the Paris climate agreement (2016-2019). Two other major coal power financiers are China Construction Bank and Agricultural Bank of China, both having financed coal power by about USD 14 billion since the Paris climate agreement.

Many, but not all, European and US banks now have restrictions in place for financing coal power, while Canadian and especially Chinese banks often lack these kinds of policies. Bank policies on coal power 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 power sector in 2016-2019.

Bank policy scores on coal power

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
ABN AMRO
2020-03-01
NLD
12
12
0
Netherlands
Profile
Laggard
Follower
12
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 12 points out of 32

4 points for a moderate exclusion of coal power projects: ABN AMRO prohibits direct finance for new coal-fired power plants.

4 points for a weak exclusion of companies expanding coal power (coal power developers): ABN AMRO requires utility clients to commit not to increase coal-fired electricity generation capacity. But the policy applies only to utilities, and many companies building new coal-fired power are not traditional utilities.

1 point for the commitment to proportionally reduce exposure to coal power companies: ABN AMRO has committed to reduce the share of coal in the mix of electricity generation capacity of its lending portfolio of companies and projects in the power generation sector, but has no explicit commitment to phase out financing for coal power companies.

3 points for a weak exclusion threshold for coal power companies: ABN AMRO prohibits financing for companies with greater than 50% power generation capacity from coal, with additional restrictions on companies between 30 and 50%.

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

Sustainability policy for energy

2018-06-30 00:00:00
Agricultural Bank of China
2020-03-01
CHN
0
0
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
10.5
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 moderate exclusion of coal power projects: ANZ will not directly finance any new coal-fired power plants, or expansions.

1.5 points for the commitment to reduce exposure to coal power 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 power companies: ANZ prohibits lending to new coal power clients with material thermal coal exposures, meaning more than 10%.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-11-06 00:00:00

ANZ ESG Supplement

2020-11-06 00:00:00
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
2.5
2.5
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

2 point for a weak exclusion of coal power projects: Bank of America prohibits direct financing for "the construction of new coal-fired power plants in developed countries, unless those facilities employ technology that is focused on complete or near elimination of atmospheric carbon emissions, such as carbon capture technology."

0.5 point for enhanced due diligence regarding coal power companies: Bank of America conducts enhanced due diligence for coal power plants in developing countries.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-10-23 00:00:00

Environmental and social risk policy framework

2019-10-23 00:00:00
Bank of China
2020-03-01
CHN
0
0
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 Financial Group)
2020-03-01
CAN
0
0
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
12
12
0
United Kingdom
Profile
Laggard
Follower
12
Front runner
Leader
1585519200
Last update: 2020-03-30
Explanation

Total: 12 points out of 32

6 points for a strong exclusion of coal power projects: Barclays prohibits financing for coal-fired power plants around the world.

3 points for the commitment to reduce finance for regarding coal power 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 power 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
2020-03-30 00:00:00

Position on climate change

2020-03-30 00:00:00
BBVA
2020-03-01
ESP
13
13
0
Spain
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 power projects: BBVA prohibits direct financing for new coal plants and coal plant expansions, but allows exceptions for countries with high levels of imported energy.

4 points for a weak exclusion of companies expanding coal power (coal power developers): BBVA prohibits financing of clients that are expanding coal-fired power generation capacity, but allows exceptions for countries with high levels of energy imports.

5 points for a moderate exclusion threshold for coal power companies: BBVA prohibits financing companies with more than 35% of their power generation capacity from coal, but allows exceptions for countries with high levels of imported energy.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-03-01 00:00:00

Sector Norms

2019-03-01 00:00:00
BNP Paribas
2020-07-22
FRA
25
25
0
France
Profile
Laggard
Follower
Front runner
Leader
25
1595368800
Last update: 2020-07-22
Explanation

Total: 25 points out of 32

6 points for a strong exclusion of coal power projects: BNP Paribas prohibits financing for coal-fired power plant projects, regardless of location.

8 points for a strong exclusion of companies expanding coal power (coal power developers): BNP Paribas will not provide financial products and services to power generation companies that add operational coal-fired power generation to its power portfolio.

8 points for a strong phase-out commitment regarding coal power companies: BNP Paribas does not provide any financial products or services to coal power 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. 

3 points for a weak exclusion threshold for coal power companies: BNP Paribas will not provide financial products and services to power generation companies that do not have ''a strategy to reduce coal power generation in its mix under a regularly monitored plan including a timeline, which will result in no longer owning or operating coal fired power generation capacities by 2030 in the European Union and OECD countries, and by 2040 in the rest of the world''.

See: Banking on Climate Change - policy scores

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

Coal-fired power generation - sector policy

2020-07-01 00:00:00
China Construction Bank
2020-03-01
CHN
0
0
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

CIBC
2020-11-20
CAN
4
4
0
Canada
Profile
Laggard
4
Follower
Front runner
Leader
1605826800
Last update: 2020-11-20
Explanation

Total: 4 points out of 32

4 points for a moderate exclusion of coal power projects: CIBC will limit support for practices such as the construction of new coal-fired power plants.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-11-20 00:00:00

Environmental policy

2020-11-20 00:00:00
Citigroup
2020-04-20
USA
6.5
6.5
0
United States
Profile
Laggard
6.5
Follower
Front runner
Leader
1587333600
Last update: 2020-04-20
Explanation

Total: 6.5 points out of 32

6 points for a strong exclusion of coal power projects: Citigroup provides no project-related financing for new coal-fired power plants or expansions of existing plants (Citi’s previous commitment allowed for exceptions; these loopholes have been closed in this policy update).

0.5 point for enhanced due diligence regarding coal power companies: Citi conducts corporate-level enhanced due diligence for "power sector clients with coal-fired power generation."

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
7
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 power projects: Commerzbank prohibits direct finance for new coal-fired power plants, with possible exceptions.

3 points for a weak exclusion threshold for coal power companies: Beginning in 2021 Commerzbank will prohibit financing for German companies with more than 30% of power production from coal. For companies based outside Germany, the threshold will be 50%.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-02-29 00:00:00

Policy framework for handling environmental and social risks in its core business

2020-02-29 00:00:00
Commonwealth Bank of Australia
2020-03-01
AUS
6
6
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 power companies: Commonwealth Bank commits to reduce its exposure to coal power, 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
27
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 power projects: Crédit Agricole prohibits financing for new coal plants and existing coal plants.

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

8 points for a strong phase-out commitment regarding coal power 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 power companies: Crédit Agricole prohibits financing to coal power companies with more than 25% of revenue 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
csr policies
2016-11-01 00:00:00

CSR Sector Policy - Coal-fired power plants

2016-11-01 00:00:00
Credit Mutuel-CIC
2020-03-01
FRA
30
30
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 power projects: Crédit Mutuel prohibits financing for greenfield or brownfield coal-fired power plants.

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

8 points for a strong phase-out commitment regarding coal power 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 power companies: Crédit Mutuel prohibits financing of companies with more than 20% of energy production coming from coal, and companies with more than 5GW of coal capacity.

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

Total: 7 points out of 32

4 points for a moderate exclusion of coal power projects: Credit Suisse prohibits direct finance for new coal-fired power plants.

3 points for a weak exclusion threshold regarding coal power companies: Credit Suisse will not provide finance or underwriting to coal power companies that derive more than 25% of its revenue from coal power generation. However, the bank makes an exception for companies that can demonstrate a decreasing share of coal in its power generation portfolio or that has a credible transition strategy to a lower carbon business model 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
DBS Bank
2020-03-01
SGP
4.5
4.5
0
Singapore
Profile
Laggard
4.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 4.5 points out of 32

4 points for a moderate exclusion of coal power projects: DBS prohibits financing for new coal-fired power plants.

0.5 point for enhanced due diligence regarding coal power companies: DBS performs enhanced due diligence on coal power 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
10.5
10.5
0
Germany
Profile
Laggard
Follower
10.5
Front runner
Leader
1595800800
Last update: 2020-07-27
Explanation

Total: 10.5 points out of 32

6 points for a strong exclusion of coal power projects: Deutsche Bank prohibits financing for new coal-fired power plants and the expansion of existing plants, regardless of location.

1.5 points for the commitment to reduce exposure to coal power companies: Deutsche Bank will review all its coal power clients in Europe and US until year-end 2020 and gradually phase out existing exposure if there are no diversification plans in place. Starting in 2022, the bank will extend this review and phase out Asia and selected developing markets.

3 points for a weak exclusion threshold regarding coal power companies: For all clients depending more than 50% on coal power – be it energy capacity or energy output – Deutsche Bank will subject the provision of financial services to the availability of credible diversification plans.

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
Goldman Sachs
2020-03-01
USA
6.5
6.5
0
United States
Profile
Laggard
6.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 6.5 points out of 32

6 points for a strong exclusion of coal power projects: Goldman Sachs's prohibition on financing for "new coal fired power generation" covers both new plants and expansions of existing plants.

0.5 point for enhanced due diligence regarding coal power companies: Goldman Sachs conducts enhanced due diligence "for financings involving any power sector companies that derive a significant portion of their generation from coal."

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
2020-04-23
GBR
4.5
4.5
0
United Kingdom
Profile
Laggard
4.5
Follower
Front runner
Leader
1587592800
Last update: 2020-04-23
Explanation

Total: 4.5 points out of 32

4 points for a moderate exclusion of coal power projects: HSBC will not finance any new coal-fired power plants anywhere globally.

0.5 point for enhanced due diligence regarding coal power companies: HSBC has enhanced due diligence for coal power.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-04-25 00:00:00

Energy policy update on coal power plants in Vietnam, Bangladesh and Indonesia

(page 3 of this document)
2020-04-25 00:00:00
csr policiesprivate
2020-02-15 00:00:00

Energy policy out of date

2020-02-15 00:00:00
Industrial and Commercial Bank of China (ICBC)
2020-03-01
CHN
0
0
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 Group
2020-03-01
NLD
13
13
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 power projects: ING prohibits financing for new coal plants.

6 points for a moderate phase-out commitment regarding coal power 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 power companies: ING prohibits financing for "new clients whose gross revenue is > 10% reliant on operating coal-fired power plants," and "new clients whose reliance on coal is ≤ 10% should have a strategy to reduce this percentage to ≤ 5% by 2025." But this low threshold only applies to new clients; for existing clients, a 30% threshold is used, with the potential for exceptions.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-12-19 00:00:00

Stance on energy

Date listed represents date as accessed on website
2019-12-19 00:00:00
Intesa Sanpaolo
2020-05-20
ITA
7
7
0
Italy
Profile
Laggard
7
Follower
Front runner
Leader
1589925600
Last update: 2020-05-20
Explanation

Total: 7 points out of 32

4 points for a moderate exclusion of coal power projects: Intesa Sanpaolo will not provide finance for new coal fired power plants. Expansion is not mentioned in this policy. Intesa Sanpaolo will restrict project finance for the acquisition of coal fired power plants already in operation if this results in a coal related installed capacity of more than 30% on the total installed capacity for companies based in OECD countries and 50% for companies based in non-OECD countries.

3 points for a weak exclusion threshold for coal power companies: Intesa Sanpaolo will not provide any new general purpose finance to companies ''with more than 50% or 30% of installed capacity for the production of energy from coal - respectively for companies based in non-OECD and OECD countries - unless the company demonstrates a documented medium/long-term plan/strategy for the progressive reduction of the use of coal and its threshold and/or requests financing directly related to the coal transition objectives, for example in the form of a “green loan”, “sustainable loan” or “transition loan”''

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
5.5
5.5
0
United States
Profile
Laggard
5.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 5.5 points out of 32

4 points for a moderate exclusion of coal power projects: JPMorgan Chase prohibits direct financing for the new coal power plants or refinancing of existing coal plants, with potential exceptions for plants that use CCS.

1 point for the commitment to proportionally reduce exposure to coal power companies: JPMorgan Chase "expects that the proportion of coal-fired technology contained in power generation portfolios financed by the firm will continue to decline."

0.5 point for enhanced due diligence regarding coal power companies: JPMorgan Chase conducts enhanced due diligence for "non-prohibited transactions involving coal-fired power generation."

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
3.5
3.5
0
Japan
Profile
Laggard
3.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 3.5 points out of 32

2 points for a weak exclusion of coal power projects: MUFG prohibits financing for new coal-fired power projects, with significant room for exceptions concerning host country policies, international standards and available technology.

1 point for the commitment to proportionally reduce exposure to coal power companies: MUFG anticipates reducing the balance of its exposure to coal power projects in the medium- and long-term.

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

See: Banking on Climate Change - policy scores

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

Revised Environmental and social policy framework

2019-05-15 00:00:00
Mizuho
2020-06-01
JPN
2.5
2.5
0
Japan
Profile
Laggard
2.5
Follower
Front runner
Leader
1590962400
Last update: 2020-06-01
Explanation

Total: 2.5 points out of 32

2 points for a weak exclusion of coal power projects: Mizuho will not finance new coal power plants, except projects already committed to before June 2020; or replacements leading to CO2 reduction where it is also deemed necessary for stable energy supply in the host country.

0.5 point for enhanced due diligence regarding coal power companies: Mizuho conducts enhanced due diligence on coal power companies.

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
7.5
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

6 points for a strong exclusion of coal power projects: Morgan Stanley will decline financing transactions globally that directly support the development of new or physical expansions of coal-fired power generation, unless there is carbon capture and storage or equivalent carbon emissions reduction technology.

1 point for the commitment to proportionally reduce exposure to coal power companies: Morgan Stanley says it is "seeking to reduce the proportion of our energy financing to coal mining and coal fired power generation."

0.5 point for enhanced due diligence regarding coal power companies: Morgan Stanley conducts enhanced due diligence on transactions involving coal-fired power generation.

See: Banking on Climate Change - policy scores

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

Environmental and social risk policy statement

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
6.5
6.5
0
Australia
Profile
Laggard
6.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 6.5 points out of 32

6 points for a strong exclusion of coal power projects: NAB prohibits financing for new or expanded coal-fired power plants.

0.5 point for enhanced due diligence regarding coal power companies: NAB conducts enhanced due diligence for coal power clients.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-10-21 00:00:00

ESG Risk Management

Date listed represents date as accessed on website
2019-10-21 00:00:00
Natixis
2020-10-27
FRA
30
30
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 power projects: BPCE/Natixis prohibits financing for greenfield or brownfield coal-fired power plants, and restricts financing for the acquisition of coal-fired power plants.

8 points for a strong exclusion of companies expanding coal power (coal power 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 power 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 power companies: BPCE/Natixis prohibits financing for companies whose activity is greater than 25% coal power (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 Group (formerly RBS)
2020-03-01
GBR
20
20
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 power projects: RBS prohibits lending for "the construction of new unabated coal power stations."

8 points for a strong phase-out commitment of coal power 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 power 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 coal power generation.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-02-14 00:00:00

Climate ambition

2020-02-14 00:00:00
csr policies
2020-02-14 00:00:00

Power Sector policy

2020-02-14 00:00:00
OCBC
2020-03-01
SGP
6
6
0
Singapore
Profile
Laggard
6
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 6 points out of 32

6 points for a strong exclusion of coal power projects: OCBC prohibits new financing for all coal plants.

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
6
6
0
United States
Profile
Laggard
6
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 6 points out of 32

6 points for a strong exclusion of coal power projects: PNC "prohibit[s] construction financing of all single-site coal-fired power plants."

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
2020-10-02
CAN
8.5
8.5
0
Canada
Profile
Laggard
Follower
8.5
Front runner
Leader
1601589600
Last update: 2020-10-02
Explanation

Total: 8.5 points out of 32

4 points for a moderate exclusion of coal power projects: RBC will not finance transactions where the proceeds will be primarily used to develop a new greenfield coal-fired power plant.  

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

3 points for a weak exclusion threshold for coal power companies: RBC will not provide financing to new clients that operate significant coal power generation assets (>60% generation, Megawatts per hour (MwH). RBC will provide financing to new clients that operate some coal power generation assets (≤60% generation, MwH) 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
7
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 power projects: Santander prohibits financing for new coal plant projects worldwide.

3 points for a weak exclusion threshold for coal power companies: Santander prohibits financing for "new clients with coal-fired power plants 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

Energy sector policy

2020-01-21 00:00:00
Scotiabank
2020-03-01
CAN
0
0
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

Société Générale
2020-07-31
FRA
27
27
0
France
Profile
Laggard
Follower
Front runner
Leader
27
1596146400
Last update: 2020-07-31
Explanation

Total: 27 points out of 32

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

8 points for a strong exclusion of companies expanding coal power (coal power developers): Société Générale will refrain from providing finance to companies of the thermal coal sector developing, or planning to develop, new thermal coal mines, new coal-fuelled power capacities strictly above 300 MW or new transportation projects dedicated to thermal coal. For this policy commitment, the majority owners of the asset are considered.

8 points for a strong phase-out commitment regarding coal power 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 power 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 the thermal coal sector and do not have a time-bound transition plan to exit. From the end of 2021 onwards, the bank will not provide new 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
Standard Chartered
2020-03-01
GBR
9
9
0
United Kingdom
Profile
Laggard
Follower
9
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 9 points out of 32

6 points for a strong exclusion of coal power projects: Standard Chartered prohibits financing new coal plants and their expansions worldwide. This prohibition was recently extended to projects that had previously been "grandfathered" in and so were still eligible to receive financing.

3 points for the commitment to reduce financing to coal power 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.

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 policies
2019-12-17 00:00:00

Power Generation Position Statement

2019-12-17 00:00:00
Sumitomo Mitsui Banking Corporation (SMBC)
2020-04-16
JPN
2.5
2.5
0
Japan
Profile
Laggard
2.5
Follower
Front runner
Leader
1586988000
Last update: 2020-04-16
Explanation

Total: 2.5 points out of 32

2 points for a weak exclusion of coal power projects: SMBC prohibits financing for newly planned coal-fired power plants that are not ultra-supercritical.

0.5 point for enhanced due diligence regarding coal power companies: SMBC conducts enhanced due diligence on coal power companies.

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
TD bank Financial Group
2020-03-01
CAN
0.5
0.5
0
Canada
Profile
Laggard
0.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 0.5 point out of 32

0.5 point for enhanced due diligence regarding coal power companies: TD conducts enhanced due diligence for the thermal power 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
9
9
0
Switzerland
Profile
Laggard
Follower
9
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 9 points out of 32

4 points for a moderate exclusion of coal power projects: UBS prohibits financing for new coal plants globally.

5 points for a moderate exclusion threshold for coal power companies: UBS prohibits financing for coal power operators that are more than >30% reliant on coal, unless they "have a transition strategy in place that aligns with a pathway under the Paris Agreement, or the transaction is related to renewable energy."

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
30
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 power 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 plants, existing coal plants and the expansion of coal plants.

8 points for a strong exclusion of companies expanding coal power (coal power 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 power 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
6
6
0
Singapore
Profile
Laggard
6
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 6 points out of 32

6 points for a strong exclusion of coal power projects: UOB prohibits new financing for all coal plants, and reports that it "has not financed such projects since January 2018."

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
2020-07-21
USA
6.5
6.5
0
United States
Profile
Laggard
6.5
Follower
Front runner
Leader
1595282400
Last update: 2020-07-21
Explanation

Total: 6.5 points out of 32

6 points for a strong exclusion of coal power projects: US Bank prohibits financing for all coal plants.

0.5 point for enhanced due diligence regarding coal power companies: US Bank has enhanced due diligence for electric power generation, specifically including coal.

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
2020-07-21
USA
0.5
0.5
0
United States
Profile
Laggard
0.5
Follower
Front runner
Leader
1595282400
Last update: 2020-07-21
Explanation

Total: 0.5 point out of 32

0.5 point for enhanced due diligence regarding coal power companies: Wells Fargo conducts enhanced due diligence for "power and utilities transactions."

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 Banking Corporation
2020-05-04
AUS
3.5
3.5
0
Australia
Profile
Laggard
3.5
Follower
Front runner
Leader
1588543200
Last update: 2020-05-04
Explanation

Total: 3.5 points out of 32

2 points for a weak exclusion of coal power projects: Westpac prohibits financing for new power generation unless it reduces the emissions intensity of the grid in which the generator operates.

1.5 points for the commitment to reduce exposure to coal power companies: Westpac commits to ensure its financing supports Paris-aligned transition pathways to a net zero emissions economy by 2050 including by reducing the emissions intensity of its exposure in line with the following targets: 0.23t CO2e/MWh by 2025; and 0.18t CO2e/MWh by 2030’.

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 power projects.

  • None (0), weak exclusion (2), moderate exclusion (4), strong exclusion (6)

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

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

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

  • None (0), proportional reduction (1), 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 power 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 power 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 power

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

Exclusion table coal power

BankLast update
Country
Details
Project
Company
ABN AMRO
2020-03-01
NLD
12
12
-2
Netherlands
Profile
Project
Company
12
1583017200
Last update: 2020-03-01
Explanation

ABN AMRO prohibits direct finance for new coal-fired power plants.

ABN AMRO prohibits financing for companies with greater than 50% power generation capacity from coal, with additional restrictions on companies between 30 and 50%.

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

Sustainability policy for energy

2018-06-30 00:00:00
ANZ
2020-10-29
AUS
5
5
-2
Australia
Profile
Project
5
Company
1603926000
Last update: 2020-10-29
Explanation

ANZ will not directly finance any new coal-fired power plants, or expansions.

ANZ prohibits lending to new clients whose thermal coal assets exceed 10% of revenue, installed capacity, or generation.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-11-06 00:00:00

ANZ ESG Supplement

2020-11-06 00:00:00
References
2020-10-29

ANZ 2020 policy update analysis

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

2020-11-5
Bank of America
2020-03-01
USA
2.5
2.5
-1
United States
Profile
Project
2.5
Company
1583017200
Last update: 2020-03-01
Explanation

Bank of America prohibits direct financing for "the construction of new coal-fired power plants in developed countries, unless those facilities employ technology that is focused on complete or near elimination of atmospheric carbon emissions, such as carbon capture technology."

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-10-23 00:00:00

Environmental and social risk policy framework

2019-10-23 00:00:00
Barclays
2020-03-30
GBR
8
8
99
United Kingdom
Profile
Project
8
Company
1585519200
Last update: 2020-03-30
Explanation

Barclays prohibits financing for coal-fired power plants around the world.

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
2020-03-30 00:00:00

Position on climate change

2020-03-30 00:00:00
BBVA
2020-03-01
ESP
13
13
-2
Spain
Profile
Project
Company
13
1583017200
Last update: 2020-03-01
Explanation

BBVA prohibits direct financing for new coal plants and coal plant expansions, but allows exceptions for countries with high levels of imported energy.

BBVA prohibits financing of clients that are expanding coal-fired power generation capacity, but allows exceptions for countries with high levels of energy imports.

It further prohibits financing companies with more than 35% of their power generation capacity from coal, but allows exceptions for countries with high levels of imported energy.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-03-01 00:00:00

Sector Norms

2019-03-01 00:00:00
BNP Paribas
2020-07-01
FRA
0
99
France
Profile
Project
Company
1593554400
Last update: 2020-07-01
Explanation

BNP Paribas prohibits financing for coal-fired power plant projects, regardless of location.

BNP Paribas will not provide financial products and services to power generation companies that add operational coal-fired power generation to its power portfolio.

BNP Paribas will not provide financial products and services to power generation companies that do not have ''a strategy to reduce coal power generation in its mix under a regularly monitored plan including a timeline, which will result in no longer owning or operating coal fired power generation capacities by 2030 in the European Union and OECD countries, and by 2040 in the rest of the world''.

See: Banking on Climate Change - policy scores

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

Coal-fired power generation - sector policy

2020-07-01 00:00:00
CIBC
2020-11-20
CAN
0
-1
Canada
Profile
Project
Company
1605826800
Last update: 2020-11-20
Explanation

CIBC will limit support for practices such as the construction of new coal-fired power plants.

Relevant policies
csr policies
2020-11-20 00:00:00

Environmental policy

2020-11-20 00:00:00
Citigroup
2020-04-20
USA
4.5
4.5
100
United States
Profile
Project
4.5
Company
1587333600
Last update: 2020-04-20
Explanation

Citigroup provides no project-related financing for new coal-fired power plants or expansions of existing plants.

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
csr policies
2020-03-05 00:00:00

Sector Standards

[Date listed represents date as accessed on website]
2020-03-05 00:00:00
Commerzbank AG
2020-03-01
DEU
7
7
-2
Germany
Profile
Project
7
Company
1583017200
Last update: 2020-03-01
Explanation

Commerzbank prohibits direct finance for new coal-fired power plants, with possible exceptions.

Beginning in 2021 Commerzbank will prohibit financing for German companies with more than 30% of power production from coal. For companies based outside Germany, the threshold will be 50%.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-02-29 00:00:00

Policy framework for handling environmental and social risks in its core business

2020-02-29 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 financing for new coal plants and existing coal plants.

Crédit Agricole prohibits financing to coal plant developers starting in 2021 and it prohibits financing to coal power companies with more than 25% of revenue 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
csr policies
2016-11-01 00:00:00

CSR Sector Policy - Coal-fired power plants

2016-11-01 00:00:00
Credit Mutuel-CIC
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 coal-fired power plants.

Crédit Mutuel prohibits financing for all coal plant developers and companies with more than 20% of energy production coming from coal, and companies with more than 5GW of coal capacity.

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
Credit Suisse Group
2020-08-01
CHE
4.5
4.5
-2
Switzerland
Profile
Project
4.5
Company
1596232800
Last update: 2020-08-01
Explanation

Credit Suisse prohibits direct finance for new coal-fired power plants.

Credit Suisse will not provide finance or underwriting to coal power companies that derive more than 25% of its revenue from coal power generation. However, the bank makes an exception for companies that can demonstrate a decreasing share of coal in its power generation portfolio or that has a credible transition strategy to a lower carbon business model 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
DBS Bank
2020-03-01
SGP
4.5
4.5
-1
Singapore
Profile
Project
4.5
Company
1583017200
Last update: 2020-03-01
Explanation

DBS prohibits financing for new coal-fired power plants.

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
6.5
6.5
99
Germany
Profile
Project
6.5
Company
1595800800
Last update: 2020-07-27
Explanation

Deutsche Bank prohibits financing for new coal-fired power plants and the expansion of existing plants, regardless of location.

For all clients depending more than 50% on coal power – be it energy capacity or energy output – Deutsche Bank will subject the provision of financial services to the availability of credible diversification plans.

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
Goldman Sachs
2020-03-01
USA
6.5
6.5
100
United States
Profile
Project
6.5
Company
1583017200
Last update: 2020-03-01
Explanation

Goldman Sachs's prohibition on financing for "new coal fired power generation" covers both new plants and expansions of existing plants.

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
2020-04-23
GBR
2.5
2.5
-1
United Kingdom
Profile
Project
2.5
Company
1587592800
Last update: 2020-04-23
Explanation

HSBC will not finance any new coal-fired power plants anywhere globally.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-04-25 00:00:00

Energy policy update on coal power plants in Vietnam, Bangladesh and Indonesia

(page 3 of this document)
2020-04-25 00:00:00
csr policiesprivate
2020-02-15 00:00:00

Energy policy out of date

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

ING prohibits financing for new coal plants.

ING prohibits financing for "new clients whose gross revenue is > 10% reliant on operating coal-fired power plants," and "new clients whose reliance on coal is ≤ 10% should have a strategy to reduce this percentage to ≤ 5% by 2025." But this low threshold only applies to new clients; for existing clients, a 30% threshold is used, with the potential for exceptions.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-12-19 00:00:00

Stance on energy

Date listed represents date as accessed on website
2019-12-19 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 fired power plants. Expansion is not mentioned in this policy. Intesa Sanpaolo will restrict project finance for the acquisition of coal fired power plants already in operation if this results in a coal related installed capacity of more than 30% on the total installed capacity for companies based in OECD countries and 50% for companies based in non-OECD countries.

Intesa Sanpaolo will not provide any new general purpose finance to companies ''with more than 50% or 30% of installed capacity for the production of energy from coal -respectively for companies based in non-OECD and OECD countries - unless the company demonstrates a documented medium/long-term plan/strategy for the progressive reduction of the use of coal and its threshold and/or requests financing directly related to the coal transition objectives, for example in the form of a “green loan”, “sustainable loan” or “transition loan.”''

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
5.5
5.5
-1
United States
Profile
Project
5.5
Company
1583017200
Last update: 2020-03-01
Explanation

JPMorgan Chase prohibits direct financing for the new coal power plants or refinancing of existing coal plants, with potential exceptions for plants that use CCS.

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
3.5
3.5
-1
Japan
Profile
Project
3.5
Company
1583017200
Last update: 2020-03-01
Explanation

MUFG prohibits financing for new coal fired power projects, with significant room for exceptions concerning host country policies, international standards and available technology.

See: Banking on Climate Change - policy scores

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

Revised Environmental and social policy framework

2019-05-15 00:00:00
Mizuho
2020-06-01
JPN
2.5
2.5
-1
Japan
Profile
Project
2.5
Company
1590962400
Last update: 2020-06-01
Explanation

Mizuho will not finance new coal power plants, except projects already committed to before June 2020; or replacements leading to CO2 reduction where it is also deemed necessary for stable energy supply in the host country.

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
3.5
3.5
-1
United States
Profile
Project
3.5
Company
1587506400
Last update: 2020-04-22
Explanation

Morgan Stanley will decline financing transactions globally that directly support the development of new or physical expansions of coal-fired power generation, unless there is carbon capture and storage or equivalent carbon emissions reduction technology.

See: Banking on Climate Change - policy scores

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

Environmental and social risk policy statement

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
6.5
6.5
100
Australia
Profile
Project
6.5
Company
1583017200
Last update: 2020-03-01
Explanation

NAB prohibits financing for new or expanded coal-fired power plants.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-10-21 00:00:00

ESG Risk Management

Date listed represents date as accessed on website
2019-10-21 00:00:00
Natixis
2020-10-27
FRA
14
14
99
France
Profile
Project
Company
14
1603753200
Last update: 2020-10-27
Explanation

BPCE/Natixis prohibits financing for greenfield or brownfield coal-fired power plants, and restricts financing for the acquisition of coal-fired power plants.

BPCE/Natixis will no longer 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% coal power (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

https://www.banktrack.org/article/natixis_one_step_forward_two_steps_back_on_coal

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

RBS prohibits lending for "the construction of new unabated coal power stations."

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 coal power generation.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-02-14 00:00:00

Climate ambition

2020-02-14 00:00:00
csr policies
2020-02-14 00:00:00

Power Sector policy

2020-02-14 00:00:00
OCBC
2020-03-01
SGP
6
6
100
Singapore
Profile
Project
6
Company
1583017200
Last update: 2020-03-01
Explanation

OCBC prohibits new financing for all coal plants.

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
6.5
6.5
100
United States
Profile
Project
6.5
Company
1583017200
Last update: 2020-03-01
Explanation

PNC "prohibit[s] construction financing of all single-site coal-fired power plants."

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
2020-10-02
CAN
0
-2
Canada
Profile
Project
Company
1601589600
Last update: 2020-10-02
Explanation

RBC excludes finance for transactions where the proceeds will be primarily used to develop a new greenfield coal-fired power plant.  

RBC will not provide financing to new clients that operate significant coal power generation assets (>60% generation, Megawatts per hour (MwH). RBC will provide financing to new clients that operate some coal power generation assets (≤60% generation, MwH) 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
7
-2
Spain
Profile
Project
7
Company
1583017200
Last update: 2020-03-01
Explanation

Santander prohibits financing for new coal plant projects worldwide.

Santander prohibits financing for "new clients with coal-fired power plants 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

Energy sector policy

2020-01-21 00:00:00
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 coal power plants.

Société Générale will refrain from providing finance to companies of the thermal coal sector developing, or planning to develop, new thermal coal mines, new coal-fuelled power capacities strictly above 300 MW or new transportation projects dedicated to thermal coal. For this policy commitment, the majority owners of the asset are considered.

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 the thermal coal sector and do not have a time-bound transition plan to exit. From the end of 2021 onwards, the bank will not provide new 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
2020-7-31

Société Générale releases a misleading coal phase out policy

2020-7-31
Reclaim Finance
2020-7-1

An accelerated exit from the coal sector

2020-7-1
Société Générale
Standard Chartered
2020-03-01
GBR
9
9
100
United Kingdom
Profile
Project
Company
9
1583017200
Last update: 2020-03-01
Explanation

Standard Chartered prohibits financing new coal plants and their expansions worldwide. This prohibition was recently extended to projects that had previously been "grandfathered" in and so were still eligible to receive financing.

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 policies
2019-12-17 00:00:00

Power Generation Position Statement

2019-12-17 00:00:00
Sumitomo Mitsui Banking Corporation (SMBC)
2020-05-01
JPN
2.5
2.5
-1
Japan
Profile
Project
2.5
Company
1588284000
Last update: 2020-05-01
Explanation

SMBC prohibits financing for newly coal-fired power plants. Exceptions may be considered for those projects which use environmentally friendly technologies, such as ultra-supercritical pressure and for those projects which have been provided support before the revision.

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
csr policies
2021-01-14 00:00:00

Management of environmental risks

Date listed represents date as accessed on website
2021-01-14 00:00:00
UBS
2020-03-01
CHE
9
9
-2
Switzerland
Profile
Project
Company
9
1583017200
Last update: 2020-03-01
Explanation

UBS prohibits financing for new coal plants globally.

UBS prohibits financing for coal power operators that are more than >30% reliant on coal, unless they "have a transition strategy in place that aligns with a pathway under the Paris Agreement, or the transaction is related to renewable energy."

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 plants, existing coal plants and the expansion of coal plants.

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
Explanation

This table lists banks that have adopted a full ( ) or partial ( ) exclusion policy for coal power 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.

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There are no projects active for Banks and coal power now.

News

| |
Type:
Year:
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

RBC announces new restrictions on financing coal, oil developments

2020-10-02 | Global News
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

BNP Paribas commits to no longer finance companies with no strategy to exit the coal power sector

2020-07-03 | Paris | Reclaim Finance
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

Big four UK banks providing billions for coal power expansion, urged to ‘clean up their acts’ for Glasgow COP

2019-12-05 | London, UK | BankTrack, urgewald, 350.org
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

OCBC is now coal-free: Singapore bank drops out of final coal project

2019-11-01
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

Mizuho’s new policy on coal-fired power generation financing falls behind Mitsubishi UFJ policy revisions

2019-05-23 | Tokyo | 350.org Japan
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

Things you need to know about Citi’s underwhelming coal policy

Citi's response to global crisis is half measures.
2019-01-31 | Linda Capato Jr. - Rainforest Action Network
blog
external news
our news

COP24: New research reveals the banks and investors financing the expansion of the global coal plant fleet

Japanese banks top lenders, Chinese banks top underwriters; US companies biggest institutional investors in the coal plant pipeline
2018-12-05 | Katowice, Poland | BankTrack, urgewald
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

Under Trump Administration, Big Banks Are Investing More Money Into Coal

2018-03-28 | kuer.org
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

UN urges Bangladesh to scrap coal plant near world's largest mangrove

2016-10-20 | Mashable
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

Banks invest record €66bn in coal sector

2014-10-30 | RTCC - Responding To Climate Change
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

93 banks, 31 mining companies – coal financing exposed

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

BankTrack Names Banks Funding Dirty Coal Power Plants

2011-12-02 | Durban | Social Fund
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

Controversial coal projects continue to be registered despite serious concerns over the methodology to be reviewed by CDM Executive Board

2011-07-12 | Washington D.C.
blog
external news
our news

RPower gets nod for carbon credits

2011-02-04 | India | The Hindu
blog
external news
our news

Three banks to support R-Power's Sasan project

2010-12-15 | Mumbai | Business Standard
blog
external news
our news

Chinese banks to support Sasan

2010-12-14 | Constructionupdate.com
blog
external news
our news

Medupi (South Africa): Crédit Agricole finances a climate destructive coal project

2010-10-14 | Paris | Les Amis de la Terre
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
2020-11-11 00:00:00

Barclays’ and HSBC’s $43 billion fossil fuel problem

2020-11-11 00:00:00 | Fund Our Future UK
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
our publications
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?

Double
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
our publications
2017-12-11 00:00:00

Banks vs. the Paris Agreement

Who's still financing coal plant development?
2017-12-11 00:00:00 | BankTrack
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
our publications
2017-04-03 00:00:00

The Cirebon 2 coal power plant and the Equator Principles

2017-04-03 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
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
ngo documents
2015-09-10 00:00:00

The Plomin C Coal Plant: Analysis of compatibility with Crédit Agricole energy policies

2015-09-10 00:00:00 | By Pippa Gallop (CEE Bankwatch) and Lucie Pinson (Les Amis de la Terre)
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
2015-05-21 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
ngo documents
2014-07-25 00:00:00

Europe's dirty 30

How the EU's coal-fired power plants are undermining its climate efforts
2014-07-25 00:00:00 | Climate Action Network, WWF and others
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
other documents
2014-05-21 00:00:00

Banking on Coal - USA

2014-05-21 00:00:00
other documents
2014-05-21 00:00:00

Banking on Coal - Australia

2014-05-21 00:00:00
other documents
2014-05-21 00:00:00

Banking on Coal - China

2014-05-21 00:00:00
other documents
2014-05-21 00:00:00

Banking on Coal - South Africa

2014-05-21 00:00:00
other documents
2014-05-21 00:00:00

Banking on Coal - Russia

2014-05-21 00:00:00
other documents
2014-05-21 00:00:00

Banking on Coal - India

2014-05-21 00:00:00
other documents
2014-05-21 00:00:00

Banking on Coal - Colombia

2014-05-21 00:00:00
other documents
2014-05-21 00:00:00

Banking on Coal - Central Europe

2014-05-21 00:00:00
other documents
2014-05-21 00:00:00

Banking on Coal - Indonesia

2014-05-21 00:00:00
ngo documents
2014-05-05 00:00:00

Indian Power Prices

Briefing Note
2014-05-05 00:00:00 | IEEFA
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
other documents
2013-12-13 00:00:00

Banken finanzieren Kohle

2013-12-13 00:00:00 | Energiezukunft
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

British coal pledge 'not worth the paper it's written on'

2013-11-19 00:00:00 | Oneworld
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
2013-11-17 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
2013-09-23 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
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
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
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
ngo documents
2013-03-12 00:00:00

Coal Kills

An Assessment of Death and Diseasecaused by India’s Dirtiest Energy Source
2013-03-12 00:00:00 | Urban Emissions in partnership with the Conservation Action Trust and Greenpeace India
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
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
ngo documents
2012-11-20 00:00:00

Global Coal Risk Assessment

Data analysis and market research
2012-11-20 00:00:00 | World Resources Institute
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
2012-08-14 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
2012-06-28 00:00:00

Locked-in

The Financial Risks of New Coal-fired Power Plants in Today's Volatile International Coal Market
2012-06-28 00:00:00 | Sierra Club
ngo documents
2012-05-19 00:00:00

Enel Today and Tomorrow

Hidden Costs of the Path of Coal and Carbon versus Possibilities for a Cleaner and Brighter Future
2012-05-19 00:00:00 | SOMO
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
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
ngo documents
2011-11-11 00:00:00

Coal Financing in Europe: The Banker’s Dilemma

2011-11-11 00:00:00 | Chatham House
other documents
2011-11-03 00:00:00

Article in the Australian Financial Review: Big banks cool on clean coal plant

2011-11-03 00:00:00 | Mathew Dunckley
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
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
2011-03-11 00:00:00

Fossilized Thinking: The World Bank, Eskom, and the real cost of coal

2011-03-11 00:00:00 | COEIL
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
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
2007-11-11 00:00:00

Banks, Climate Change and the New Coal Rush

2007-11-11 00:00:00 | RAN
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

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