| Coal Industry Sector: | Power, Services |
| Coal Share of Revenue: | <10% |
| Expansion Plans: | No |
Listed on the Global Coal Exit List 2022
553 results Total investment of current selection: $ 15,779 M
| # | Name | Name | Name | Type | Country of HQ | Country of HQ | Country of HQ | Shares | Bonds | Total | Shares | Bonds | Total | Shares $M | Bonds $M | Total $M | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 1 | Royal Bank of Canada | Fortis Inc | Royal Bank of Canada | investment | Canada | Canada | North America | North America | $ 1,152 M | $ 204 M | $ 1,356 M | $ 1,152 M | $ 204 M | $ 1,356 M | ||||||
| 2 | 1 | Scotiabank | Fortis Inc | Scotiabank | investment | Canada | Canada | North America | North America | $ 958 M | $ 47 M | $ 1,004 M | $ 958 M | $ 47 M | $ 1,004 M | ||||||
| 3 | 1 | Vanguard | Fortis Inc | Vanguard | investment | United States | Canada | North America | North America | $ 684 M | $ 268 M | $ 952 M | $ 684 M | $ 268 M | $ 952 M | ||||||
| 4 | 1 | BMO Financial Group | Fortis Inc | BMO Financial Group | investment | Canada | Canada | North America | North America | $ 872 M | $ 19 M | $ 891 M | $ 872 M | $ 19 M | $ 891 M | ||||||
| 5 | 1 | Toronto-Dominion Bank | Fortis Inc | Toronto-Dominion Bank | investment | Canada | Canada | North America | North America | $ 865 M | $ <1 M | $ 865 M | $ 865 M | $ <1 M | $ 865 M | ||||||
| 6 | 1 | Fidelity Investments | Fortis Inc | Fidelity Investments | investment | United States | Canada | North America | North America | $ 559 M | $ 37 M | $ 595 M | $ 559 M | $ 37 M | $ 595 M | ||||||
| 7 | 1 | GQG Partners | Fortis Inc | GQG Partners | investment | United States | Canada | North America | North America | $ 437 M | $ 437 M | $ 437 M | $ 437 M | ||||||||
| 8 | 1 | CIBC | Fortis Inc | CIBC | investment | Canada | Canada | North America | North America | $ 355 M | $ 3 M | $ 358 M | $ 355 M | $ 3 M | $ 358 M | ||||||
| 9 | 1 | Power Corporation of Canada | Fortis Inc | Power Corporation of Canada | investment | Canada | Canada | North America | North America | $ 238 M | $ 86 M | $ 324 M | $ 238 M | $ 86 M | $ 324 M | ||||||
| 10 | 1 | Affiliated Managers Group | Fortis Inc | Affiliated Managers Group | investment | United States | Canada | North America | North America | $ 301 M | $ 4 M | $ 305 M | $ 301 M | $ 4 M | $ 305 M | ||||||
| 11 | 1 | Manulife Financial | Fortis Inc | Manulife Financial | investment | Canada | Canada | North America | North America | $ 160 M | $ 111 M | $ 271 M | $ 160 M | $ 111 M | $ 271 M | ||||||
| 12 | 1 | Nordea | Fortis Inc | Nordea | investment | Finland | Canada | Europe (EU) | North America | $ 261 M | $ 261 M | $ 261 M | $ 261 M | ||||||||
| 13 | 1 | TIAA | Fortis Inc | TIAA | investment | United States | Canada | North America | North America | $ 29 M | $ 223 M | $ 252 M | $ 29 M | $ 223 M | $ 252 M | ||||||
| 14 | 1 | BlackRock | Fortis Inc | BlackRock | investment | United States | Canada | North America | North America | $ 91 M | $ 143 M | $ 234 M | $ 91 M | $ 143 M | $ 234 M | ||||||
| 15 | 1 | National Bank of Canada | Fortis Inc | National Bank of Canada | investment | Canada | Canada | North America | North America | $ 213 M | $ 213 M | $ 213 M | $ 213 M | ||||||||
| 16 | 1 | JPMorgan Chase | Fortis Inc | JPMorgan Chase | investment | United States | Canada | North America | North America | $ 101 M | $ 112 M | $ 212 M | $ 101 M | $ 112 M | $ 212 M | ||||||
| 17 | 1 | Legal & General | Fortis Inc | Legal & General | investment | United Kingdom | Canada | Europe (non EU) | North America | $ 207 M | $ <1 M | $ 208 M | $ 207 M | $ <1 M | $ 208 M | ||||||
| 18 | 1 | Franklin Resources | Fortis Inc | Franklin Resources | investment | United States | Canada | North America | North America | $ 147 M | $ 58 M | $ 205 M | $ 147 M | $ 58 M | $ 205 M | ||||||
| 19 | 1 | Northwestern Mutual | Fortis Inc | Northwestern Mutual | investment | United States | Canada | North America | North America | $ <1 M | $ 187 M | $ 187 M | $ <1 M | $ 187 M | $ 187 M | ||||||
| 20 | 1 | Allianz | Fortis Inc | Allianz | investment | Germany | Canada | Europe (EU) | North America | $ <1 M | $ 179 M | $ 179 M | $ <1 M | $ 179 M | $ 179 M | ||||||
| 21 | 1 | New York Life Insurance | Fortis Inc | New York Life Insurance | investment | United States | Canada | North America | North America | $ 2 M | $ 170 M | $ 172 M | $ 2 M | $ 170 M | $ 172 M | ||||||
| 22 | 1 | Macquarie Group | Fortis Inc | Macquarie Group | investment | Australia | Canada | Oceania | North America | $ 169 M | $ 169 M | $ 169 M | $ 169 M | ||||||||
| 23 | 1 | Nationwide Mutual Insurance | Fortis Inc | Nationwide Mutual Insurance | investment | United States | Canada | North America | North America | $ 160 M | $ 160 M | $ 160 M | $ 160 M | ||||||||
| 24 | 1 | Equitable Holdings | Fortis Inc | Equitable Holdings | investment | United States | Canada | North America | North America | $ 2 M | $ 148 M | $ 150 M | $ 2 M | $ 148 M | $ 150 M | ||||||
| 25 | 1 | Goldman Sachs | Fortis Inc | Goldman Sachs | investment | United States | Canada | North America | North America | $ 14 M | $ 130 M | $ 144 M | $ 14 M | $ 130 M | $ 144 M |
Remarks
Financial data is drawn from the commercial databases Refinitiv and EMAXX. For a selection of pension funds, data was collected from the pension funds' disclosure. The data was retrieved in January 2023, but filings can be older than that and might have changed since. This might especially be the case if an investor introduced a fossil fuel policy in the meantime. We acknowledge that shares and bonds of some Russian companies can't be traded on all markets anymore and were written off some investors’ portfolios.
This report is meant for information purposes only and not as a source of any specific investment recommendation. Nothing herein shall constitute or be construed as a recommendation, endorsement, or sponsorship of any company or fund. You should determine on your own whether you agree with the content of this information and data provided.
Since publications, various corrections to the data were made. The most recent update was made on 8 August 2023.
For any questions or requests for further information, please get in touch with us: financeresearch@urgewald.org