Huadian Power International Corp Ltd
600027
2
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.
Huadian Power International Corporation Limited operates one of the largest coal-fired power generation fleets in China. As of 2014, the company derived 90% of its power generation from coal, operating 47,000 megawatts of coal-fired capacity. This reliance on coal power directly contributes to documented environmental destruction through coal ash disposal, water contamination, and air pollution.
A 2014 report by Urgewald, Framtiden i våre hender, and Greenpeace Norway identified Huadian Power as a significant coal investment within the Norwegian Government Pension Fund Global's portfolio. The report highlighted the company's operations within a sector responsible for extensive ecological damage, including toxic contamination from coal combustion byproducts and habitat destruction associated with mining and power plant infrastructure. While the provided evidence does not detail a specific, isolated environmental incident, the company's business model is intrinsically linked to the systemic environmental harms of large-scale coal power generation, which include soil and water contamination from coal ash ponds and emissions of heavy metals and other pollutants.
Huadian Power International Corp Ltd is principally engaged in the generation and sale of electricity, heat, and coal. The company operates a large-scale power generation fleet, with coal-fired plants constituting its dominant fuel source. According to the Norwegian Government Pension Fund Global, which excluded the company in 2017, Huadian Power International derives more than 5% of its revenue from the production of thermal coal, meeting the fund’s criteria for exclusion based on coal operations.
The company’s operations include the construction and management of large-scale coal-fired generating units. In 2010, its parent company, China Huadian Corporation, announced plans to build 15 gigawatts of installed generating capacity in Xinjiang, representing a significant commitment to fossil fuel-based power infrastructure. While the company also manages gas-fired and renewable energy projects, its core business model remains heavily reliant on coal-fired power generation, with no announced phase-out plan for its coal assets.
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1 organization
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