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Jastrzebska Spolka Weglowa SA

JSW

1

exclusion reason

1 theme

Environmental Harm (1)
JSW Current as of March 2026

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.

Emissions & Air Quality
Since Mar 12, 2026

Jastrzębska Spółka Węglowa SA (JSW) is a major European producer of coking coal and a leading manufacturer of coke, which are essential inputs for steelmaking. The company's core business is inherently carbon-intensive. JSW has reported its organizational carbon footprint since 2017 and has adopted an Environmental Strategy aiming for a 30% reduction in Scope 1 and 2 emissions by 2030, with a long-term goal of climate neutrality.

Despite these commitments, JSW's operational baseline remains among the highest in its sector. The company's mining activities generate significant methane emissions, a potent greenhouse gas, which it is required to report annually to Polish authorities. Its primary products—coal and coke—are fundamentally emission-intensive when used by customers, constituting a substantial Scope 3 footprint that is not captured by its 2030 reduction target. As a dedicated mining company in a sector critical to, but heavily exposed by, the energy transition, JSW's emissions profile is peer-leading in its intensity.

Research Sources 1 organization
Climate Transition Pathway
External

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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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