PGE Polska Grupa Energetyczna SA
PGE
Real Estate
1
exclusion reason
1 theme
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.
PGE Polska Grupa Energetyczna S.A. is a state-controlled Polish energy company whose power generation remains overwhelmingly dependent on coal. The company operates extensive coal mining assets and coal-fired power plants, which form the core of its business. In April 2021, Poland approved a 23-year extension to the licence for PGE's Turow coal mine, allowing operations to continue until 2044 despite conflicts with European Union law. This extension underscores the company's long-term commitment to coal as a primary fuel source.
Research Sources
1 organization
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
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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