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200 and counting: Global financial institutions are exiting coal

04 May 2023

 

Over 200 globally significant financial institutions have established coal exclusion policies, with divestment momentum away from coal accelerating in the last two years despite record profits being enjoyed by coal companies on the back of the energy crisis.

Europe leads the way with the highest number of financial institutions divesting from coal (114) and with more stringent exclusion policies  compared to other regions.