Coronado Global Resources

Coronado Global Resources is a pure-play metallurgical coal producer whose core business is inherently carbon-intensive. The company's operational emissions are overwhelmingly Scope 1, with fugitive methane emissions from its open-cut mines constituting a major source. An analysis by the Transition Pathway Initiative (TPI) assesses the company's carbon performance as misaligned with necessary climate pathways.

The company’s primary product, metallurgical coal used in steelmaking, results in significant downstream Scope 3 emissions when combusted. While the steel industry is exploring alternative production methods, Coronado’s business model remains tied to the continued use of coal in blast furnaces. Third-party analysis, including the 2025 report "Methane: A ticking time bomb for Australian investors," suggests that open-cut coal miners like Coronado may have fugitive methane emissions significantly higher than reported levels, indicating a potential systematic undercounting of its climate impact.