{"id":2868,"date":"2020-05-05T21:53:29","date_gmt":"2020-05-05T19:53:29","guid":{"rendered":"https:\/\/reclaimfinance.org\/site\/?page_id=2868"},"modified":"2024-04-11T11:38:42","modified_gmt":"2024-04-11T09:38:42","slug":"coal_policy_tool","status":"publish","type":"page","link":"https:\/\/reclaimfinance.org\/site\/en\/coal_policy_tool\/","title":{"rendered":"The Coal Policy Tool"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-sizes-top:0px;--awb-border-sizes-bottom:0px;--awb-border-sizes-left:0px;--awb-border-sizes-right:0px;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:0px;--awb-padding-bottom:0px;--awb-margin-top:0px;--awb-margin-bottom:0px;--awb-flex-wrap:wrap;\" id=\"scenario\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;--awb-margin-top:00px;--awb-margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:30px;margin-bottom:30px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-title title fusion-title-1 fusion-title-text fusion-title-size-one\" style=\"--awb-font-size:27px;\"><h1 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;--fontSize:27;line-height:1.4;\">Analysing the quality of coal policies : The Coal Policy Tool<\/h1><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><\/div><div class=\"fusion-text fusion-text-1\"><p>Navigating the \u201cpolicy jungle\u201d is not easy. Reclaim Finance has therefore developed <span style=\"color: var(--body_typography-color); font-family: var(--body_typography-font-family); font-size: var(--body_typography-font-size); font-style: var(--body_typography-font-style,normal); font-weight: var(--body_typography-font-weight); letter-spacing: var(--body_typography-letter-spacing);\">an online tool that provides a comprehensive analysis of all coal policies issued by French <\/span><span style=\"color: var(--body_typography-color); font-family: var(--body_typography-font-family); font-size: var(--body_typography-font-size); font-style: var(--body_typography-font-style,normal); font-weight: var(--body_typography-font-weight); letter-spacing: var(--body_typography-letter-spacing);\">financial institutions.<\/span><\/p>\n<p><b>The tool compares and ranks all policies on the basis of consistent and transparent <span style=\"color: var(--body_typography-color); font-family: var(--body_typography-font-family); font-size: var(--body_typography-font-size); font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing);\">criteria.<\/span><\/b><span style=\"color: var(--body_typography-color); font-family: var(--body_typography-font-family); font-size: var(--body_typography-font-size); font-style: var(--body_typography-font-style,normal); font-weight: var(--body_typography-font-weight); letter-spacing: var(--body_typography-letter-spacing);\"> Its aim is to enable clients, media and stakeholders of financial institutions <\/span><span style=\"color: var(--body_typography-color); font-family: var(--body_typography-font-family); font-size: var(--body_typography-font-size); font-style: var(--body_typography-font-style,normal); font-weight: var(--body_typography-font-weight); letter-spacing: var(--body_typography-letter-spacing);\">to easily understand the essentials of each policy and <\/span><b><span style=\"color: var(--body_typography-color); font-family: var(--body_typography-font-family); font-size: var(--body_typography-font-size); font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing);\">provide an answer to <\/span><span style=\"color: var(--body_typography-color); font-family: var(--body_typography-font-family); font-size: var(--body_typography-font-size); font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing);\">the key question: Will this policy help us stay within the 1.5\u00b0C limit?<\/span><\/b><\/p>\n<p><b>Policies are evaluated based on 5 criteria<u>, <\/u><a href=\"https:\/\/reclaimfinance.org\/site\/en\/the-coal-policy-tool-the-rationale-behind-each-of-the-5-criteria-2\/\" target=\"_blank\" rel=\"noopener noreferrer\"><u>the logic of which is explained here<\/u>.<\/a><span style=\"color: var(--body_typography-color); font-family: var(--body_typography-font-family); font-size: var(--body_typography-font-size); font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing);\"><br \/>\n<\/span><\/b><\/p>\n<p><span style=\"color: #8ac56b;\"><i>To find out the explanation of each of the scores and our analysis, click on the name of the financial institution!<\/i><\/span><span style=\"color: var(--body_typography-color); font-family: var(--body_typography-font-family); font-size: var(--body_typography-font-size); font-style: var(--body_typography-font-style,normal); font-weight: var(--body_typography-font-weight); letter-spacing: var(--body_typography-letter-spacing);\"><br \/>\n<\/span><\/p>\n<p><span style=\"color: #8ac56b;\"><i>\u00a0<\/i><\/span><\/p>\n<p>&nbsp;<\/p>\n<\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:-30px;margin-bottom:-30px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-builder-row fusion-builder-row-inner fusion-row\"><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-0 fusion_builder_column_inner_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;--awb-margin-top:18px;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-image-element fusion-image-align-center in-legacy-container\" style=\"text-align:center;--awb-max-width:400px;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><div class=\"imageframe-align-center\"><span class=\" fusion-imageframe imageframe-none imageframe-1 hover-type-none\"><img decoding=\"async\" width=\"901\" height=\"171\" title=\"banner-coal-policy-tool-outil-analyse-notation-politique-charbon\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2020\/05\/banner-coal-policy-tool-2.jpg\" alt class=\"img-responsive wp-image-2788\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2020\/05\/banner-coal-policy-tool-2-200x38.jpg 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2020\/05\/banner-coal-policy-tool-2-400x76.jpg 400w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2020\/05\/banner-coal-policy-tool-2-600x114.jpg 600w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2020\/05\/banner-coal-policy-tool-2-800x152.jpg 800w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2020\/05\/banner-coal-policy-tool-2.jpg 901w\" sizes=\"(max-width: 800px) 100vw, 901px\" \/><\/span><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-padding-bottom:20px;--awb-overflow:hidden;--awb-bg-color:#eaebec;--awb-bg-color-hover:#eaebec;--awb-bg-size:cover;--awb-box-shadow:5px 5px 20px 20px rgba(0,0,0,0.3);;--awb-border-radius:10px 10px 10px 10px;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><iframe width=\"100%\" height=\"1000\" src=\"https:\/\/www.adelvema.com\/rcf\/start.html?key=eyJvbCI6W10sInRyaSI6MCwiZmx0IjpbeyJpIjowLCJ2IjoiRnJhbmNlIn1dfQequalsignequalsign&lng=tt\" frameborder=\"0\" allowfullscreen><\/iframe><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-padding-right:10px;--awb-padding-bottom:10px;--awb-padding-left:20px;--awb-overflow:hidden;--awb-bg-size:cover;--awb-border-color:#ffffff;--awb-border-top:0;--awb-border-right:0;--awb-border-bottom:0;--awb-border-left:0;--awb-border-style:solid;--awb-border-radius:10px 10px 10px 10px;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:10px;margin-bottom:10px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-text fusion-text-2\"><p style=\"color: #333645; text-align: center;\"><img decoding=\"async\" style=\"width: 20px;\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2020\/04\/ic_star-1.png\" \/> <span style=\"color: var(--body_typography-color); font-family: var(--body_typography-font-family); font-size: 14px; font-style: var(--body_typography-font-style,normal); font-weight: var(--body_typography-font-weight); letter-spacing: var(--body_typography-letter-spacing);\" data-fusion-font=\"true\">This financial institution has one of the best practices with the adoption of a robust coal phase-out policy.<\/span><\/p>\n<\/div><div class=\"fusion-text fusion-text-3\"><p style=\"color: #333645; text-align: center;\"><img decoding=\"async\" style=\"width: 20px;\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2020\/04\/ic_pour_site.png\" \/> <span style=\"color: var(--body_typography-color); font-family: var(--body_typography-font-family); font-size: 14px; font-style: var(--body_typography-font-style,normal); font-weight: var(--body_typography-font-weight); letter-spacing: var(--body_typography-letter-spacing);\" data-fusion-font=\"true\">This financial institution has informed Reclaim Finance that it is working on a new policy which is expected to be published soon.<\/span><\/p>\n<\/div><div class=\"fusion-text fusion-text-4\"><p style=\"color: #ffffff; font-size: 14px; text-align: center;\" data-fusion-font=\"true\">NA The criterion does not apply to this type of financial institution.<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-sizes-top:0px;--awb-border-sizes-bottom:0px;--awb-border-sizes-left:0px;--awb-border-sizes-right:0px;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:0px;--awb-padding-bottom:0px;--awb-margin-top:0px;--awb-margin-bottom:0px;--awb-background-color:#d1d1d3;--awb-flex-wrap:wrap;\" id=\"risques\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-text fusion-text-5\"><\/div><div class=\"fusion-section-separator section-separator bigtriangle fusion-section-separator-1\" style=\"--awb-spacer-height:99px;--awb-svg-margin-left:0;--awb-svg-margin-right:0;--awb-divider-height:99px;--awb-spacer-padding-top:inherit;--awb-sep-padding:0;--awb-svg-padding:0;\"><div class=\"fusion-section-separator-svg\"><svg class=\"fusion-big-triangle-candy\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" version=\"1.1\" width=\"100%\" height=\"100\" viewBox=\"0 0 100 100\" preserveAspectRatio=\"none\" fill=\"rgba(51,54,71,1)\"><path d=\"M-1 -1 L50 99 L101 -1 Z\"><\/path><\/svg><\/div><div class=\"fusion-section-separator-spacer\"><div class=\"fusion-section-separator-spacer-height\"><\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-4 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:10px;margin-bottom:10px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-5 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;--awb-margin-top:20px;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-title title fusion-title-2 fusion-title-center fusion-title-text fusion-title-size-one\" style=\"--awb-text-color:#333645;--awb-margin-bottom:0px;--awb-margin-bottom-small:0px;\"><div class=\"title-sep-container title-sep-container-left\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><span class=\"awb-title-spacer\"><\/span><h1 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:30;line-height:1.4;\"><div style=\"text-align: center;\">The analysis grid<\/div><\/h1><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator\" style=\"margin-left: auto;margin-right: auto;margin-top:20px;margin-bottom:40px;width:100%;max-width:200px;\"><div class=\"fusion-separator-border sep-shadow\" style=\"--awb-height:20px;--awb-amount:20px;background:radial-gradient(ellipse at 50% -50% , #c1c1c1 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);background:-webkit-radial-gradient(ellipse at 50% -50% , #c1c1c1 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);background:-moz-radial-gradient(ellipse at 50% -50% , #c1c1c1 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);background:-o-radial-gradient(ellipse at 50% -50% , #c1c1c1 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);\"><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-6 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-tabs fusion-tabs-1 classic nav-is-justified horizontal-tabs icon-position-left mobile-mode-accordion\" style=\"--awb-title-border-radius-top-left:0px;--awb-title-border-radius-top-right:0px;--awb-title-border-radius-bottom-right:0px;--awb-title-border-radius-bottom-left:0px;--awb-inactive-color:#414559;--awb-background-color:#333645;--awb-border-color:#333645;--awb-active-border-color:#59bc6d;\"><div class=\"nav\"><ul class=\"nav-tabs nav-justified\" role=\"tablist\"><li class=\"active\" role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-53bc888f9d05b6ad959\" aria-selected=\"true\" id=\"fusion-tab-projects\" href=\"#tab-53bc888f9d05b6ad959\"><h4 class=\"fusion-tab-heading\">Projects<\/h4><\/a><\/li><li role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-f0df7e881a28a60a5d6\" aria-selected=\"false\" tabindex=\"-1\" id=\"fusion-tab-developers\" href=\"#tab-f0df7e881a28a60a5d6\"><h4 class=\"fusion-tab-heading\">Developers<\/h4><\/a><\/li><li role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-c4ba5f710ffa00022f8\" aria-selected=\"false\" tabindex=\"-1\" id=\"fusion-tab-relativethreshold\" href=\"#tab-c4ba5f710ffa00022f8\"><h4 class=\"fusion-tab-heading\">Relative threshold<\/h4><\/a><\/li><li role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-a39eb5cf546b826c9cb\" aria-selected=\"false\" tabindex=\"-1\" id=\"fusion-tab-absolutethreshold\" href=\"#tab-a39eb5cf546b826c9cb\"><h4 class=\"fusion-tab-heading\">Absolute threshold<\/h4><\/a><\/li><li role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-5cdaf6ad4b11d8bf689\" aria-selected=\"false\" tabindex=\"-1\" id=\"fusion-tab-phase-out\" href=\"#tab-5cdaf6ad4b11d8bf689\"><h4 class=\"fusion-tab-heading\">Phase-out<\/h4><\/a><\/li><\/ul><\/div><div class=\"tab-content\"><div class=\"nav fusion-mobile-tab-nav\"><ul class=\"nav-tabs nav-justified\" role=\"tablist\"><li class=\"active\" role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-53bc888f9d05b6ad959\" aria-selected=\"true\" id=\"mobile-fusion-tab-projects\" href=\"#tab-53bc888f9d05b6ad959\"><h4 class=\"fusion-tab-heading\">Projects<\/h4><\/a><\/li><\/ul><\/div><div class=\"tab-pane fade fusion-clearfix in active\" role=\"tabpanel\" tabindex=\"0\" aria-labelledby=\"fusion-tab-projects\" id=\"tab-53bc888f9d05b6ad959\">\n<p>The first criteria covers the exclusion of coal mines, coal plants and coal infrastructure.<\/p>\n<div class=\"accordian fusion-accordian\" style=\"--awb-border-size:1px;--awb-icon-size:13px;--awb-content-font-size:16px;--awb-icon-alignment:left;--awb-hover-color:#f9f9f9;--awb-border-color:#cccccc;--awb-background-color:#ffffff;--awb-divider-color:#c1c1c1;--awb-divider-hover-color:#c1c1c1;--awb-icon-color:#ffffff;--awb-title-color:#ffffff;--awb-content-color:#e5e3e3;--awb-icon-box-color:rgba(255,255,255,0.26);--awb-toggle-hover-accent-color:#8ac56b;--awb-title-font-family:&quot;Montserrat&quot;;--awb-title-font-weight:500;--awb-title-font-style:normal;--awb-title-font-size:19px;--awb-content-font-family:&quot;Montserrat&quot;;--awb-content-font-style:normal;--awb-content-font-weight:400;\"><div class=\"panel-group fusion-toggle-icon-boxed\" id=\"accordion-2868-1\"><div class=\"fusion-panel panel-default panel-21272c6ce0eb84a2c fusion-toggle-has-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_21272c6ce0eb84a2c\"><a aria-expanded=\"false\" aria-controls=\"21272c6ce0eb84a2c\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-2868-1\" data-target=\"#21272c6ce0eb84a2c\" href=\"#21272c6ce0eb84a2c\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">See the details<\/span><\/a><\/h4><\/div><div id=\"21272c6ce0eb84a2c\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_21272c6ce0eb84a2c\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<div class=\"table-1\">\n<table style=\"color: #333645;\" width=\"100%\">\n<thead>\n<tr>\n<th style=\"max-width: 200px;\" align=\"left\"><strong>Grade<\/strong><\/th>\n<th align=\"left\"><strong>Coal projects<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"background-color: #f38789; text-align: center; font-weight: bold;\">0<\/td>\n<td align=\"left\">No policy<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #f38789; text-align: center; font-weight: bold;\">1<\/td>\n<td align=\"left\">Very weak exclusion of new coal plants and\/or mountaintop removal (MTR) exclusion only<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #f38789; text-align: center; font-weight: bold;\">2<\/td>\n<td align=\"left\">Exclusion of all non USC plants or OECD guidelines, or all new plants in developed countries<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #ffb55a; text-align: center; font-weight: bold;\">3<\/td>\n<td align=\"left\">Exclusion of all new thermal coal mines<br \/>\nOR Exclusion of all new coal plants in developed countries + all non ultra-supercritical (USC) everywhere (+ optional some restrictions for coal mines)<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #ffb55a; text-align: center; font-weight: bold;\">4<\/td>\n<td align=\"left\">Exclusion of all new thermal coal mines + all new coal plants in developed countries or all non USC plants worldwide<br \/>\nOR Exclusion of all new coal plants but exceptions<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #ffb55a; text-align: center; font-weight: bold;\">5<\/td>\n<td align=\"left\">Exclusion of all new thermal coal mines + all new coal plants in developed countries + all non USC plants elsewhere<br \/>\nOR Exclusion of all new coal plants<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #ffdf83; text-align: center; font-weight: bold;\">6<\/td>\n<td align=\"left\">Full exclusion of new thermal coal mines and plants but potentially large exceptions<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #ffdf83; text-align: center; font-weight: bold;\">7<\/td>\n<td align=\"left\">Full exclusion of new thermal coal mines and plants but minimal exceptions<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #ffdf83; text-align: center; font-weight: bold;\">8<\/td>\n<td align=\"left\">Full exclusion of new thermal coal mines and plants with CCS exception<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #b7de79; text-align: center; font-weight: bold;\">9<\/td>\n<td align=\"left\">Full exclusion of new coal mines and plants without CCS exception and a\/ for banks existing projects retrofit extending the life of the plant ; b\/ for insurers, stand-alone \/ facultative coverage for existing projects and exclusion criteria for packages<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #b7de79; text-align: center; font-weight: bold;\">10<\/td>\n<td align=\"left\">Full exclusion of coal mines, plants and infrastructures<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div><div class=\"nav fusion-mobile-tab-nav\"><ul class=\"nav-tabs nav-justified\" role=\"tablist\"><li role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-f0df7e881a28a60a5d6\" aria-selected=\"false\" tabindex=\"-1\" id=\"mobile-fusion-tab-developers\" href=\"#tab-f0df7e881a28a60a5d6\"><h4 class=\"fusion-tab-heading\">Developers<\/h4><\/a><\/li><\/ul><\/div><div class=\"tab-pane fade fusion-clearfix\" role=\"tabpanel\" tabindex=\"0\" aria-labelledby=\"fusion-tab-developers\" id=\"tab-f0df7e881a28a60a5d6\">\n<p>The second criteria addresses the exclusion of all financial services to companies planning new coal mines, coal plants or coal infrastructure projects.<\/p>\n<div class=\"accordian fusion-accordian\" style=\"--awb-border-size:1px;--awb-icon-size:13px;--awb-content-font-size:16px;--awb-icon-alignment:left;--awb-hover-color:#f9f9f9;--awb-border-color:#cccccc;--awb-background-color:#ffffff;--awb-divider-color:#c1c1c1;--awb-divider-hover-color:#c1c1c1;--awb-icon-color:#ffffff;--awb-title-color:#ffffff;--awb-content-color:#e5e3e3;--awb-icon-box-color:rgba(255,255,255,0.26);--awb-toggle-hover-accent-color:#8ac56b;--awb-title-font-family:&quot;Montserrat&quot;;--awb-title-font-weight:500;--awb-title-font-style:normal;--awb-title-font-size:19px;--awb-content-font-family:&quot;Montserrat&quot;;--awb-content-font-style:normal;--awb-content-font-weight:400;\"><div class=\"panel-group fusion-toggle-icon-boxed\" id=\"accordion-2868-2\"><div class=\"fusion-panel panel-default panel-7901ef19a3a15cc57 fusion-toggle-has-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_7901ef19a3a15cc57\"><a aria-expanded=\"false\" aria-controls=\"7901ef19a3a15cc57\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-2868-2\" data-target=\"#7901ef19a3a15cc57\" href=\"#7901ef19a3a15cc57\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">See the details<\/span><\/a><\/h4><\/div><div id=\"7901ef19a3a15cc57\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_7901ef19a3a15cc57\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<div class=\"table-1\">\n<table style=\"color: #333645;\" width=\"100%\">\n<thead>\n<tr>\n<th style=\"max-width: 200px;\" align=\"left\"><strong>Grade<\/strong><\/th>\n<th align=\"left\"><strong>Coal developers<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"background-color: #f38789; text-align: center; font-weight: bold;\">0<\/td>\n<td align=\"left\">No exclusion of companies because of coal development plans<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #f38789; text-align: center; font-weight: bold;\">1<\/td>\n<td align=\"left\">Exclusion only of new clients regardless of the threshold on coal mining and\/or coal power<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #f38789; text-align: center; font-weight: bold;\">2<\/td>\n<td align=\"left\">Diversification plans are considered but no explicit exclusion linked to coal development<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #ffb55a; text-align: center; font-weight: bold;\">3<\/td>\n<td align=\"left\">Weak exclusion of some companies planning new coal projects or coupled with another criteria<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #ffb55a; text-align: center; font-weight: bold;\">4<\/td>\n<td align=\"left\">Exclusion of companies listed in urgewald 120 CPDL<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #ffb55a; text-align: center; font-weight: bold;\">5<\/td>\n<td align=\"left\">Exclusion of companies planning the construction of more than 1000 MW of new coal power capacity<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #ffdf83; text-align: center; font-weight: bold;\">6<\/td>\n<td align=\"left\">Exclusion of companies planning the construction of more than 500 MW of new coal power capacity<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #ffdf83; text-align: center; font-weight: bold;\">7<\/td>\n<td align=\"left\">Exclusion of companies planning the construction or building new coal plants<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #ffdf83; text-align: center; font-weight: bold;\">8<\/td>\n<td align=\"left\">Exclusion of companies planning the construction or building new coal mines\/plants<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #b7de79; text-align: center; font-weight: bold;\">9<\/td>\n<td align=\"left\">Exclusion of companies planning the construction or building new coal mines\/plants\/infrastructures<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #b7de79; text-align: center; font-weight: bold;\">10<\/td>\n<td align=\"left\"><span style=\"color: #333333;\">Exclusion of companies developing their coal capacity (because of construction plans of new coal mines\/plants\/infrastructures ; purchase of existing coal assets without clear commitment to close it or selling equipments for new coal projects).<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><span style=\"font-size: 14px; line-height: 8px;\">Malus of minus 1 when existing clients asked to reach the threshold<br \/>\nMalus of minus 1 when minimal exceptions, minus 2 when large exceptions<br \/>\nMalus of 1 when policy not applied to all assets \/ all financial services<br \/>\nMalus of 1 when bonds are not sold or when it only concerns new coverage\/investments<br \/>\nMaluses do not apply below score 1<br \/>\n<\/span><\/div><\/div><\/div><\/div><\/div>\n<\/div><div class=\"nav fusion-mobile-tab-nav\"><ul class=\"nav-tabs nav-justified\" role=\"tablist\"><li role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-c4ba5f710ffa00022f8\" aria-selected=\"false\" tabindex=\"-1\" id=\"mobile-fusion-tab-relativethreshold\" href=\"#tab-c4ba5f710ffa00022f8\"><h4 class=\"fusion-tab-heading\">Relative threshold<\/h4><\/a><\/li><\/ul><\/div><div class=\"tab-pane fade fusion-clearfix\" role=\"tabpanel\" tabindex=\"0\" aria-labelledby=\"fusion-tab-relativethreshold\" id=\"tab-c4ba5f710ffa00022f8\">\n<p>The third criteria covers the exclusion of companies, which are most exposed to the coal sector, based on their share of revenues or electricity production from coal.<\/p>\n<div class=\"accordian fusion-accordian\" style=\"--awb-border-size:1px;--awb-icon-size:13px;--awb-content-font-size:16px;--awb-icon-alignment:left;--awb-hover-color:#f9f9f9;--awb-border-color:#cccccc;--awb-background-color:#ffffff;--awb-divider-color:#c1c1c1;--awb-divider-hover-color:#c1c1c1;--awb-icon-color:#ffffff;--awb-title-color:#ffffff;--awb-content-color:#e5e3e3;--awb-icon-box-color:rgba(255,255,255,0.26);--awb-toggle-hover-accent-color:#8ac56b;--awb-title-font-family:&quot;Montserrat&quot;;--awb-title-font-weight:500;--awb-title-font-style:normal;--awb-title-font-size:19px;--awb-content-font-family:&quot;Montserrat&quot;;--awb-content-font-style:normal;--awb-content-font-weight:400;\"><div class=\"panel-group fusion-toggle-icon-boxed\" id=\"accordion-2868-3\"><div class=\"fusion-panel panel-default panel-f88379cc4e220a85b fusion-toggle-has-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_f88379cc4e220a85b\"><a aria-expanded=\"false\" aria-controls=\"f88379cc4e220a85b\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-2868-3\" data-target=\"#f88379cc4e220a85b\" href=\"#f88379cc4e220a85b\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">See the details<\/span><\/a><\/h4><\/div><div id=\"f88379cc4e220a85b\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_f88379cc4e220a85b\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<div class=\"table-1\">\n<table style=\"color: #333645;\" width=\"100%\">\n<thead>\n<tr>\n<th style=\"max-width: 200px;\" align=\"left\"><strong>Grade<\/strong><\/th>\n<th align=\"left\"><strong>Coal relative thresholds<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"background-color: #f38789; text-align: center; font-weight: bold;\">0<\/td>\n<td align=\"left\">No exclusion of companies because of their relative exposure to coal<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #f38789; text-align: center; font-weight: bold;\">1<\/td>\n<td align=\"left\">Exclusion only of new clients regardless of the threshold on coal mining and\/or coal power<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #f38789; text-align: center; font-weight: bold;\">2<\/td>\n<td align=\"left\">Some exclusion for existing clients but only on coal mining or on coal power<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #ffb55a; text-align: center; font-weight: bold;\">3<\/td>\n<td align=\"left\">Weak exclusion for existing clients for both coal mining and coal power companies<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #ffb55a; text-align: center; font-weight: bold;\">4<\/td>\n<td align=\"left\">Exclusion of companies &gt; 50 % coal share of revenues (csr) \/ coal share of power production (cspp)<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #ffb55a; text-align: center; font-weight: bold;\">5<\/td>\n<td align=\"left\">Exclusion of companies &gt; 45 % csr \/ cspp<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #ffdf83; text-align: center; font-weight: bold;\">6<\/td>\n<td align=\"left\">Exclusion of companies &gt; 40% csr \/ cspp<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #ffdf83; text-align: center; font-weight: bold;\">7<\/td>\n<td align=\"left\">Exclusion of companies &gt; 35% csr \/ cspp<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #ffdf83; text-align: center; font-weight: bold;\">8<\/td>\n<td align=\"left\">Exclusion of companies &gt; 30% csr \/ cspp<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #b7de79; text-align: center; font-weight: bold;\">9<\/td>\n<td align=\"left\">Exclusion of companies &gt; 25% csr \/ cspp<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #b7de79; text-align: center; font-weight: bold;\">10<\/td>\n<td align=\"left\"><span style=\"color: #333333;\">Exclusion of companies &gt; 20% csr \/ cspp<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><span style=\"font-size: 14px; line-height: 8px;\">Malus of minus 1 when existing clients asked to reach the threshold<br \/>\nMalus of minus 1 when minimal exceptions, minus 2 when large exceptions<br \/>\nMalus of 1 when not applied to all assets \/ all financial services<br \/>\nMalus of 1 when bonds are not sold or when it only concerns new coverage\/investments<br \/>\nMalus when wrong metric used for coal power from 20%: minus 1 for revenues and capacity instead of power generation<br \/>\nMaluses do not apply below score 1<\/span><\/div><\/div><\/div><\/div><\/div>\n<\/div><div class=\"nav fusion-mobile-tab-nav\"><ul class=\"nav-tabs nav-justified\" role=\"tablist\"><li role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-a39eb5cf546b826c9cb\" aria-selected=\"false\" tabindex=\"-1\" id=\"mobile-fusion-tab-absolutethreshold\" href=\"#tab-a39eb5cf546b826c9cb\"><h4 class=\"fusion-tab-heading\">Absolute threshold<\/h4><\/a><\/li><\/ul><\/div><div class=\"tab-pane fade fusion-clearfix\" role=\"tabpanel\" tabindex=\"0\" aria-labelledby=\"fusion-tab-absolutethreshold\" id=\"tab-a39eb5cf546b826c9cb\">\n<p>The fourth criteria covers the exclusion of the largest coal producers and largest coal plant operators.<\/p>\n<div class=\"accordian fusion-accordian\" style=\"--awb-border-size:1px;--awb-icon-size:13px;--awb-content-font-size:16px;--awb-icon-alignment:left;--awb-hover-color:#f9f9f9;--awb-border-color:#cccccc;--awb-background-color:#ffffff;--awb-divider-color:#c1c1c1;--awb-divider-hover-color:#c1c1c1;--awb-icon-color:#ffffff;--awb-title-color:#ffffff;--awb-content-color:#e5e3e3;--awb-icon-box-color:rgba(255,255,255,0.26);--awb-toggle-hover-accent-color:#8ac56b;--awb-title-font-family:&quot;Montserrat&quot;;--awb-title-font-weight:500;--awb-title-font-style:normal;--awb-title-font-size:19px;--awb-content-font-family:&quot;Montserrat&quot;;--awb-content-font-style:normal;--awb-content-font-weight:400;\"><div class=\"panel-group fusion-toggle-icon-boxed\" id=\"accordion-2868-4\"><div class=\"fusion-panel panel-default panel-6d1f790ea62906353 fusion-toggle-has-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_6d1f790ea62906353\"><a aria-expanded=\"false\" aria-controls=\"6d1f790ea62906353\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-2868-4\" data-target=\"#6d1f790ea62906353\" href=\"#6d1f790ea62906353\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">See the details<\/span><\/a><\/h4><\/div><div id=\"6d1f790ea62906353\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_6d1f790ea62906353\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<div class=\"table-1\">\n<table style=\"color: #333645;\" width=\"100%\">\n<thead>\n<tr>\n<th style=\"max-width: 200px;\" align=\"left\"><strong>Grade<\/strong><\/th>\n<th align=\"left\"><strong>Coal absolute thresholds<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"background-color: #f38789; text-align: center; font-weight: bold;\">0<\/td>\n<td align=\"left\">No exclusion of companies because of their absolute exposure to coal<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #f38789; text-align: center; font-weight: bold;\">1<\/td>\n<td align=\"left\">Exclusion only of new clients regardless of the threshold on coal mining and\/or coal power<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #f38789; text-align: center; font-weight: bold;\">2<\/td>\n<td align=\"left\">Exclusion of some companies based on some absolute criteria<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #ffb55a; text-align: center; font-weight: bold;\">3<\/td>\n<td align=\"left\">Exclusion of mining companies producing more than 100 MT coal a year<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #ffb55a; text-align: center; font-weight: bold;\">4<\/td>\n<td align=\"left\">Exclusion of mining companies producing more than 50 MT coal a year<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #ffb55a; text-align: center; font-weight: bold;\">5<\/td>\n<td align=\"left\">Exclusion of mining companies producing at least 20 MT coal a year ; or any lower exclusion threshold for mining companies but no exclusion of power companies<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #ffdf83; text-align: center; font-weight: bold;\">6<\/td>\n<td align=\"left\">Exclusion of mining companies &gt; 20 MT and some power companies based on some absolute criteria<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #ffdf83; text-align: center; font-weight: bold;\">7<\/td>\n<td align=\"left\">Exclusion of mining companies &gt; 20 MT and power companies &gt; 15 GW<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #ffdf83; text-align: center; font-weight: bold;\">8<\/td>\n<td align=\"left\">Exclusion of mining companies &gt; 20 MT and power companies &gt; 10 GW<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #b7de79; text-align: center; font-weight: bold;\">9<\/td>\n<td align=\"left\">Exclusion of mining companies &gt; 15 MT and power companies &gt; 5 GW<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #b7de79; text-align: center; font-weight: bold;\">10<\/td>\n<td align=\"left\"><span style=\"color: #333333;\">Exclusion of mining companies &gt; 10 MT and power companies &gt; 5 GW<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><span style=\"font-size: 14px; line-height: 8px;\">Malus of minus 1 when existing clients asked to reach the threshold<br \/>\nMalus of minus 1 when minimal exceptions, minus 2 when large exceptions<br \/>\nMalus of 1 when not applied to all assets \/ all financial services<br \/>\nMalus of 1 when bonds are not sold or when it only concerns new coverage\/investments<br \/>\nMaluses do not apply below score 1<br \/>\n<\/span><\/div><\/div><\/div><\/div><\/div>\n<\/div><div class=\"nav fusion-mobile-tab-nav\"><ul class=\"nav-tabs nav-justified\" role=\"tablist\"><li role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-5cdaf6ad4b11d8bf689\" aria-selected=\"false\" tabindex=\"-1\" id=\"mobile-fusion-tab-phase-out\" href=\"#tab-5cdaf6ad4b11d8bf689\"><h4 class=\"fusion-tab-heading\">Phase-out<\/h4><\/a><\/li><\/ul><\/div><div class=\"tab-pane fade fusion-clearfix\" role=\"tabpanel\" tabindex=\"0\" aria-labelledby=\"fusion-tab-phase-out\" id=\"tab-5cdaf6ad4b11d8bf689\">\n<p>The fifth criteria relates to the quality of the coal phase-out strategy.<\/p>\n<div class=\"accordian fusion-accordian\" style=\"--awb-border-size:1px;--awb-icon-size:13px;--awb-content-font-size:16px;--awb-icon-alignment:left;--awb-hover-color:#f9f9f9;--awb-border-color:#cccccc;--awb-background-color:#ffffff;--awb-divider-color:#c1c1c1;--awb-divider-hover-color:#c1c1c1;--awb-icon-color:#ffffff;--awb-title-color:#ffffff;--awb-content-color:#e5e3e3;--awb-icon-box-color:rgba(255,255,255,0.26);--awb-toggle-hover-accent-color:#8ac56b;--awb-title-font-family:&quot;Montserrat&quot;;--awb-title-font-weight:500;--awb-title-font-style:normal;--awb-title-font-size:19px;--awb-content-font-family:&quot;Montserrat&quot;;--awb-content-font-style:normal;--awb-content-font-weight:400;\"><div class=\"panel-group fusion-toggle-icon-boxed\" id=\"accordion-2868-5\"><div class=\"fusion-panel panel-default panel-9856b462f96caf790 fusion-toggle-has-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_9856b462f96caf790\"><a aria-expanded=\"false\" aria-controls=\"9856b462f96caf790\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-2868-5\" data-target=\"#9856b462f96caf790\" href=\"#9856b462f96caf790\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">See the details<\/span><\/a><\/h4><\/div><div id=\"9856b462f96caf790\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_9856b462f96caf790\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<div class=\"table-1\">\n<table style=\"color: #333645;\" width=\"100%\">\n<thead>\n<tr>\n<th style=\"max-width: 200px;\" align=\"left\"><strong>Grade<\/strong><\/th>\n<th align=\"left\"><strong>Coal phase-out<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"background-color: #f38789; text-align: center; font-weight: bold;\">0<\/td>\n<td align=\"left\">Has not announced a coal phase-out<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #f38789; text-align: center; font-weight: bold;\">1<\/td>\n<td align=\"left\">Has announced its intention to phase out coal with no deadline for coal mining and\/or coal power<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #f38789; text-align: center; font-weight: bold;\">2<\/td>\n<td align=\"left\">Has announced a global coal phase-out by 2050 for coal mining or coal power<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #ffb55a; text-align: center; font-weight: bold;\">3<\/td>\n<td align=\"left\">Has announced a global coal phase-out by 2050 for coal mining or coal power ; exclusion of some coal developers<br \/>\nOR Has announced a global coal phase-out by 2050 for coal mining and coal power<br \/>\nOR Has announced a global coal phase-out by 2040 with the intermediary date of 2030 for EU\/OECD for coal mining or coal power<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #ffb55a; text-align: center; font-weight: bold;\">4<\/td>\n<td align=\"left\">Has announced a global coal phase out by 2050 with the intermediary date of 2030 for EU\/OECD, or a global coal phase-out by 2040, for coal mining and coal power<br \/>\nOR Has announced a global coal phase-out by 2040 with the intermediary date of 2030 for EU\/OECD for coal power ; exclusion of some coal developers<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #ffb55a; text-align: center; font-weight: bold;\">5<\/td>\n<td align=\"left\">Has announced a global coal phase-out by 2040 with the intermediary date of 2030 for EU\/OECD for coal power ; exclusion of all coal plant developers<br \/>\nOR Has announced a global coal phase out by 2040 with the intermediary date of 2030 for EU\/OECD for coal mining and coal power<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #ffdf83; text-align: center; font-weight: bold;\">6<\/td>\n<td align=\"left\">Has announced a global coal phase-out by 2050 with the intermediary date of 2030 for EU\/OECD, or a global coal phase-out by 2040, for coal mining and coal power ; exclusion of some coal developers ; at least one of these 2 elements:<br \/>\n&#8211; demand of an exit plan<br \/>\n&#8211; decrease of exclusion threshold over time<br \/>\nOR Has announced a global coal phase out by 2040 with the intermediary date of 2030 for EU\/OECD for coal mining and coal power ; exclusion of some coal developers<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #ffdf83; text-align: center; font-weight: bold;\">7<\/td>\n<td align=\"left\">Has announced a global coal phase-out by 2040 with the intermediary date of 2030 for EU\/OECD for coal mining and coal power ; at least 2 out of these 3 elements:<br \/>\n&#8211; exclusion of some coal developers<br \/>\n&#8211; demand of an exit plan<br \/>\n&#8211; decrease of exclusion threshold over time<br \/>\nOR Has adopted very restrictive exclusion criteria that imply an almost immediate full coal mining and coal power phase-out<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #ffdf83; text-align: center; font-weight: bold;\">8<\/td>\n<td align=\"left\">Has announced a global coal phase-out by 2040 with the intermediary date of 2030 for EU\/OECD for coal mining and coal power ; exclusion of coal mine developers and coal plant developers<br \/>\nOR Has announced a global coal phase-out by 2040 with the intermediary date of 2030 for EU\/OECD for coal mining and coal power ; exclusion of all coal plant developers ; at least 1 out of these 2 elements:<br \/>\n&#8211; demand of an exit plan<br \/>\n&#8211; decrease of exclusion threshold over time<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #b7de79; text-align: center; font-weight: bold;\">9<\/td>\n<td align=\"left\">Has announced a global coal phase-out by 2040 with the intermediary date of 2030 for EU\/OECD for coal mining and coal power ; exclusion of all coal developers ; demand of an exit plan<br \/>\nOR Has adopted a total exclusion criteria that imply an immediate full coal mining and coal power phase-out, but no exclusion of all coal developers<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #b7de79; text-align: center; font-weight: bold;\">10<\/td>\n<td align=\"left\"><span style=\"color: #333333;\">Has announced a global coal phase-out by 2040 with the intermediary date of 2030 for EU\/OECD for coal mining and coal power ; exclusion of all coal developers; demand of a closure plan and exclusion process if companies fail to adopt a closure plan OR decrease of exclusion threshold over time<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><span style=\"font-size: 14px; line-height: 8px;\">Malus of 2 if phase-out commitment only covering lending not underwriting<br \/>\nMalus of 2 if phase-out commitment linked to a government commitment<br \/>\nMalus of 1 if phase-out commitment apply only to new financing\/coverage and not existing financing\/coverage<\/span><br \/>\n<span style=\"font-size: 14px; line-height: 8px;\">Malus of 2 if commitment only applies to financed companies and not to the financial player itself<\/span><br \/>\n<span style=\"font-size: 14px; line-height: 8px;\">Malus of 2 if financing of new coal mine or plant projects is still possible<br \/>\nMaluses do not apply below score 1 <\/span><br \/>\n<span style=\"font-size: 14px; line-height: 8px;\">A \u00ab\u00a0phase-out\u00a0\u00bb strategy qualifies in this assessment if the end goal is a maximum 5% exclusion threshold<\/span><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n<\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-7 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-padding-right:10px;--awb-padding-bottom:10px;--awb-padding-left:20px;--awb-overflow:hidden;--awb-bg-size:cover;--awb-border-color:#ffffff;--awb-border-top:0;--awb-border-right:0;--awb-border-bottom:0;--awb-border-left:0;--awb-border-style:solid;--awb-border-radius:10px 10px 10px 10px;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-text fusion-text-6\"><p><span style=\"color: #333647; font-family: var(--body_typography-font-family); font-size: var(--body_typography-font-size); font-style: var(--body_typography-font-style,normal); font-weight: var(--body_typography-font-weight); letter-spacing: var(--body_typography-letter-spacing);\">Read more about the <a href=\"https:\/\/reclaimfinance.org\/site\/en\/methodology-coal-policy-tool\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"color: #333647;\"><u>methodology<\/u><\/span><\/a> and <u><\/u><u><\/u><u><\/u><u><\/u><u><\/u><u><\/u><u><\/u><u><\/u><u><\/u><u><\/u><u><\/u><u><\/u><u><\/u><u><\/u><u><\/u><u><\/u><u><\/u><u><\/u><u><\/u><u><\/u><u><\/u><u><\/u><u><\/u><u><\/u><a title=\"\" href=\"https:\/\/reclaimfinance.org\/site\/en\/the-coal-policy-tool-the-rationale-behind-each-of-the-5-criteria-2\/\" target=\"_blank\" rel=\"noopener noreferrer\"><u style=\"color: #333647;\">the rationale behind each of the 5 criteria<\/u>.<\/a><\/span><\/p>\n<p style=\"color: #333647;\"><span style=\"font-family: var(--body_typography-font-family); font-size: var(--body_typography-font-size); font-style: var(--body_typography-font-style,normal); font-weight: var(--body_typography-font-weight); letter-spacing: var(--body_typography-letter-spacing);\">All financial institutions were contacted and had an opport<span style=\"color: #333647;\">uni<\/span>ty to comment on their <\/span><span style=\"font-family: var(--body_typography-font-family); font-size: var(--body_typography-font-size); font-style: var(--body_typography-font-style,normal); font-weight: var(--body_typography-font-weight); letter-spacing: var(--body_typography-letter-spacing);\">ratings before publication.<\/span><\/p>\n<p style=\"color: #333647;\">Did you identify a mistake? A financial player is missing? Feel free to contact us: <span style=\"color: #333647;\"><u>yann@reclaimfinance.org.<\/u><\/span><\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-8 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:10px;margin-bottom:10px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-4 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-sizes-top:0px;--awb-border-sizes-bottom:0px;--awb-border-sizes-left:0px;--awb-border-sizes-right:0px;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" id=\"scenario\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-9 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:40px;margin-bottom:50px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-title title fusion-title-3 fusion-title-center fusion-title-text fusion-title-size-one\" style=\"--awb-font-size:27px;\"><div class=\"title-sep-container title-sep-container-left\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><span class=\"awb-title-spacer\"><\/span><h1 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;--fontSize:27;line-height:1.4;\">With the support of<\/h1><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-10 fusion_builder_column_1_5 1_5 fusion-one-fifth fusion-column-first\" style=\"--awb-bg-size:cover;--awb-margin-top:00px;--awb-margin-bottom:0px;width:20%;width:calc(20% - ( ( 4% + 4% + 4% ) * 0.2 ) );margin-right: 4%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-11 fusion_builder_column_1_5 1_5 fusion-one-fifth\" style=\"--awb-bg-size:cover;width:20%;width:calc(20% - ( ( 4% + 4% + 4% ) * 0.2 ) );margin-right: 4%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-image-element in-legacy-container\" style=\"--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-2 hover-type-none\"><img decoding=\"async\" width=\"358\" height=\"148\" title=\"Amis de la Terre France &#8211; logo &#8211; CPT-min\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2020\/05\/Amis-de-la-Terre-France-logo-CPT-min.png\" alt class=\"img-responsive wp-image-2961\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2020\/05\/Amis-de-la-Terre-France-logo-CPT-min-200x83.png 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2020\/05\/Amis-de-la-Terre-France-logo-CPT-min.png 358w\" sizes=\"(max-width: 800px) 100vw, 358px\" \/><\/span><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-12 fusion_builder_column_1_5 1_5 fusion-one-fifth\" style=\"--awb-bg-size:cover;width:20%;width:calc(20% - ( ( 4% + 4% + 4% ) * 0.2 ) );margin-right: 4%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-image-element in-legacy-container\" style=\"--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-3 hover-type-none\"><img decoding=\"async\" width=\"358\" height=\"148\" title=\"350 &#8211; logo &#8211; CPT-min\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2020\/05\/350-logo-CPT-min.png\" alt class=\"img-responsive wp-image-2962\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2020\/05\/350-logo-CPT-min-200x83.png 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2020\/05\/350-logo-CPT-min.png 358w\" sizes=\"(max-width: 800px) 100vw, 358px\" \/><\/span><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-13 fusion_builder_column_1_5 1_5 fusion-one-fifth fusion-column-last\" style=\"--awb-bg-size:cover;width:20%;width:calc(20% - ( ( 4% + 4% + 4% ) * 0.2 ) );\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-image-element in-legacy-container\" style=\"--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-4 hover-type-none\"><img decoding=\"async\" width=\"358\" height=\"148\" title=\"Oxfam France &#8211; logo &#8211; CPT-min\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2020\/05\/Oxfam-France-logo-CPT-min.png\" alt class=\"img-responsive wp-image-2960\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2020\/05\/Oxfam-France-logo-CPT-min-200x83.png 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2020\/05\/Oxfam-France-logo-CPT-min.png 358w\" sizes=\"(max-width: 800px) 100vw, 358px\" \/><\/span><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-14 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:40px;margin-bottom:40px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":28,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"100-width.php","meta":{"footnotes":""},"programme":[],"class_list":["post-2868","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - 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