Urgewald is a non-profit environmental and human rights organisation, based in western Germany, with another office in Berlin. For 25 years, Urgewald has been fighting against environmental destruction and for the rights of people harmed by corporate profit interests. During this time, urgewald has evolved from a small group of people to a powerful organisation.
The name Urgewald combines two words: Urgewalt, which means elemental force, and Urwald, which is an older word for rainforest. The name reflects our fight against the destruction of the tropical rainforest, which is where Urgewald had its origins.ref
The coal industry is the number one driver of climate change, damages peoples’ health, and destroys the environment. The Global Coal Exit List is a "Who's Who" of the global coal value chain, and provides key statistics on 775 companies.
The List also identifies companies which are planning new coal projects - the "Coal Plant Developers List" - so financial institutions can assess the "coal content" of their portfolios, to avoid new coal investments and to accelerate their departure from the industry. The List is published annually on www.coalexit.org.
Report: Investing in Coal Power Expansion
The number of coal-fired power stations operating in the world is still growing: 670,000 MW are currently in planning or already under construction in 59 countries. Institutional investors (pensions, insurances, asset management firms, etc), banks and insurance companies are still supporting the coal industry.
The Dirty Thirty: 1,211 institutional investors with $139.4bn invested in coal plant developers were identified — the largest 7 are responsible for 30% of the investments in the 120 coal plant development companies.
- $11.028bn BlackRock Fund Advisors
- $7.326bn Govt Pension Investment Fund
- $6.706bn Khazanah Nasional
- $6.207bn Vanguard Group Inc
- $4.458bn National Pension Service (Korea)
- $4.282bn Capital Research & Management Co.
- $3.937bn Life Insurance Corporation of India
- $3.642bn Permodalan Nasional Berhad
- $2.548bn Mitsubishi UFJ Financial Group
- $2.528bn Employees Provident Fund (Malaysia)
- $2.048bn Mizuho Financial Group
- $1.872bn Dimensional Fund Advisors
- $1.721bn Reservoir Capital Group
- $1.624bn ICICI Bank
- $1.560bn JP Morgan Chase
- $1.549bn Fidelity Management & Research Co.
- $1.499bn Nomura Holdings Inc
- $1.441bn T Rowe Price Associates
- $1.403bn Govt Pension Fund of Norway
- $1.386bn Prudential
- $1.283bn Citigroup
- $1.146bn Credit Agricole
- $1.102bn Sumitomo Mitsui Trust
- $1.086bn KWAP Retirement Fund
- $1.068bn Meiji Yasuda Life Insurance
- $1.044bn Aditya Birla Group
- $1.042bn Nippon Life Insurance Company (ws)
- $1.014bn UBS Group AG
- $993m SSgA Funds Management
- $962m Wellington Management Co.
We network with organisations that do similar work in other countries in the following areas:
- Private Banks & Insurance Companies: Unfriend Coal, BankTrack, Re:Common, Les Amis de la Terre
- Public Banks & Public Institutions: CEE Bankwatch, Counter Balance
- Coal, Climate & Divestment: Europe Beyond Coal, Philippine Movement on Climate Justice, Sierra Club, Waterkeeper's Alliance, Keeper of the Mountains, Climate Action Network, WWF Europe, 350.org, Market Forces, Ground Work, Kiko Network, Rainforest Action Network, Greenpeace
- Human Rights: Oxfam, Brot für die Welt, Misereor, WALHI , Both ENDS, Bank Information Center Europe
- Arms Industry & Arms Policy: ICAN, ECCHR
About 50% of our funds come from private donors and about 50% from national and international foundations and institutions. ref
- Over 670,000 MW of New Coal Threatens 1.5°C Climate Target. The Intergovernmental Panel on Climate Change's special report on 1.5°C shows coal use for electricity production must be drastically reduced. But 1,380 new coal plants are under development or planned in 59 countries - financed by institutional investors, banks and insurance companies. Coal Exit, Oct.04.2018.