Commitment · Fidelity FutureWise 2070
Thermal coal
5–19%
“companies deriving more than 5% of revenue from thermal coal”
FutureWise TDFs · read into fidelity_commitments.xlsx, sheet Commitments
What this level catches. scheme-level: revenue from thermal coal, unqualified The level is a choice inside a gap: 5% falls in the 10-point interval between 3.04% and 13.48% — no company in the register sits between them, so any level in that interval catches exactly the same 8 companies.
8of 10 companies with a figure sit above this level
8of those are inside this commitment’s wording — the rest carry a figure that answers a different question
0of those are held by this fund
7of 24 commitment tests on this fund could not be answered
Where >5% sits
Every extracted coal figure in the register
China Coal77%Yancoal73%Yankuang66%China Shenhua62%Whitehaven36%RWE20%Orica14%CSX13%BHP3.04%Sasol0.08%
>5% threshold
nothing lives here — a 10-point gap
Bars in red are caught by this commitment. Bars in grey are outside its wording — the figure is real, but it does not answer the question the wording asks. The level and the wording are two separate filters and a company has to fail both to be excluded.
The test, company by company
Applied to every company with an extracted figure
Company Revenue share What the figure covers Against this commitmentWhy
CHINA COAL ENERGY CO76.67%value chainABOVE THE THRESHOLD76.67% against a 5% threshold
Coal segment external revenue 113,509,802 of group total revenue 148,056,698 RMB'000. This is ALL coal - thermal, coking and proprietary trading coal together - because the audited segment note does not split them. On a self-produced thermal-coal-only reading the figure is materially lower (see note).
YANCOAL AUSTRALIA LTD73.16%extractionABOVE THE THRESHOLD73.16% against a 5% threshold
thermal coal sales of 32.0 Mt at an average realised price of A$136/t, giving A$4,352m, over revenue of A$5,949m
YANKUANG ENERGY GROUP CO66.50%extractionABOVE THE THRESHOLD66.50% against a 5% threshold
the Coal mining segment's external revenue 88,666,141 RMB'000 over external revenue 133,340,597 RMB'000 - all coal, NOT split by coal type
CHINA SHENHUA ENERGY CO LTD62.01%extractionABOVE THE THRESHOLD62.01% against a 5% threshold
the Coal segment's revenue from external customers 182,874 RMBm over revenue from external customers 294,916 RMBm
WHITEHAVEN COAL LIMITED36.00%extractionABOVE THE THRESHOLD36.00% against a 5% threshold
thermal coal sales as a percentage of revenues from coal sales of $5,832m, as the company states it
RWE AKTIENGESELLSCHAFT20.00%power generationABOVE THE THRESHOLD20.00% against a 5% threshold
RWE's own published KPI: the portion of Group revenue related to coal-fired power generation and other coal products, measured against NET revenue (external revenue of 17,628 EURm, excluding natural gas and electricity tax)
ORICA LTD14.00%value chainABOVE THE THRESHOLD14.00% against a 5% threshold
revenue from thermal coal customers as a percentage of external sales excluding Digital Solutions, as the company states it
CSX CORP13.48%value chainABOVE THE THRESHOLD13.48% against a 5% threshold
coal freight revenue 1,900 $m over total revenue 14,092 $m - revenue from HAULING coal, not from mining or burning it
BHP GROUP LTD3.04%extractionBELOW THE THRESHOLD3.04% against a 5% threshold
Energy coal product revenue 1,786 $m over group total revenue 58,760 $m
SASOL LTD0.08%extractionBELOW THE THRESHOLD0.08% against a 5% threshold
external coal turnover 210 Rm over total external turnover 272,118 Rm
What could not be tested
7 of 24 commitment tests
7 — the company does not publish the split. A figure does not exist in its own reporting, so this commitment cannot be run against it. Not a pass.
A level is only as strict as the disclosure it can be run against. The remaining 7 are unmeasured rather than clean, and the report says so wherever this figure appears.
← Every published threshold, compared
Evidence snapshot C:\ESGTools\scoring-v2\snapshots\2026-10-12T1501-nightly · identity resolution 2026-09-30-sl-adopt · activity revenue read from activity_revenue.csv · commitments read from each scheme’s own published documents into fund_view/commitments/ · built by fund_view/register_report.py. Every figure on this page is read from one of those; none is typed in.