The Italian banking and financial services institution UniCredit is the leading lender to major coal utilities in Europe. Between November 2018 and December 2019, UniCredit held roughly 2.8 billion euros in credits from companies such as Enel, Fortum, and RWE. Scandinavian bank Nordea is the sixth largest creditor to coal-reliant utilities, despite only five percent of the Swedish population supporting coal expansion, some of the lowest support rates worldwide.
Leading global creditors to major coal utilities in Europe between November 2018 and December 2019*
(in million euros)
* Major coal utilities includes CEZ, Endesa, Enel, EPH, Fortum, PGE, RWE, and Uniper.
** Nordea is headquartered in Helsinki, Finland and was established following a merger between banks from Denmark, Finland, Norway, and Sweden. The source lists Sweden as country of headquarters.
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Urgewald. (July 14, 2020). Leading global creditors to major coal utilities in Europe between November 2018 and December 2019* (in million euros) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1186264/leading-coal-utility-creditors-europe/
Urgewald. "Leading global creditors to major coal utilities in Europe between November 2018 and December 2019* (in million euros)." Chart. July 14, 2020. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1186264/leading-coal-utility-creditors-europe/
Urgewald. (2020). Leading global creditors to major coal utilities in Europe between November 2018 and December 2019* (in million euros). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1186264/leading-coal-utility-creditors-europe/
Urgewald. "Leading Global Creditors to Major Coal Utilities in Europe between November 2018 and December 2019* (in Million Euros)." Statista, Statista Inc., 14 Jul 2020, https://www.statista.com/statistics/1186264/leading-coal-utility-creditors-europe/
Urgewald, Leading global creditors to major coal utilities in Europe between November 2018 and December 2019* (in million euros) Statista, https://www.statista.com/statistics/1186264/leading-coal-utility-creditors-europe/ (last visited December 22, 2024)
Leading global creditors to major coal utilities in Europe between November 2018 and December 2019* (in million euros) [Graph], Urgewald, July 14, 2020. [Online]. Available: https://www.statista.com/statistics/1186264/leading-coal-utility-creditors-europe/
