China Power International Development Ltd
2380
3
exclusion reasons
2 themes
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
China Power International Development Ltd is a major Chinese power generation company whose operations remain overwhelmingly reliant on fossil fuels. The company’s generation fleet is heavily coal-dependent, placing it among the most carbon-intensive utilities in its peer group. This high-emissions profile is structural and central to its business model.
As of 2022, the company had not established a public, science-aligned net-zero target or a near-term emissions reduction goal validated by the Science Based Targets initiative. While some Chinese power producers have announced coal phase-out plans or significant renewable energy investments, China Power International Development’s public commitments and transition planning have been insufficient relative to the scale of its emissions challenge. The absence of a clear, quantified decarbonization pathway indicates that emissions governance is not treated as a core strategic priority.
China Power International Development Ltd is a major Chinese power generator whose operations are linked to significant environmental damage. The company has been excluded by major institutional investors, including Sweden's AP7 fund, for failing to align with the Paris Agreement, and was previously excluded by Norway's Government Pension Fund Global due to its coal investments.
The company's environmental impact is tied to its extensive coal-fired power fleet. A 2019 analysis by Bloomberg New Energy Finance highlighted its role in building and operating coal plants in Liaoning province, with a single project representing an investment of approximately 2.9 billion yuan. This expansion occurs in a region already marred by massive air pollution problems that have reached environmental and political limits. Furthermore, the company has been cited alongside others in reports on fossil fuel investments that are linked to repeated oil spills, threatening community health.
While the company publishes sustainability reports and describes initiatives to reduce emissions, these commitments are contradicted by its ongoing development of new coal-fired capacity. This expansion directly contributes to habitat destruction, soil contamination, and the broader ecological damage associated with coal mining, combustion, and waste disposal.
China Power International Development Ltd is a coal-fired power generator where coal is the dominant fuel source. In 2010, the company entered into a 20-year, US$60 billion contract to purchase coal from Australia’s Resourcehouse project in Queensland, described at the time as Australia’s largest-ever export contract. This long-term supply agreement underscores the company’s foundational reliance on thermal coal for power generation. The available evidence is insufficient to detail the current scale of its coal-fired operations or its transition plans, but the historical contract confirms its core business activity aligns with the coal exclusion category.
Research Sources
2 organizations
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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