Global Climate Solution Stocks
2023 List

PCPG is a Thai renewable energy developer, with solar, wind, and hydro projects spread around SE Asia.

Super Energy is a pure play wind and solar energy developer that builds projects in Thailand.

Analabs Resources is a Malaysian conglomerate. While they do provide recycling services, they generate more revenue from their chemicals and other business lines (such as shrimp farming).

Flex is a technology company that, among other things, sells integrated solar tracker and software solutions used in distributed solar projects. But its revenue from climate solutions account for less than 46.3%, hence failing the revenue filter.

Sembcorp is a Singapore based energy and construction company. While they are major investors in renewable energy, they are still generating many times more from traditional energy.

Sermsang Power is a Thai developer of solar and wind farms with dozens of projects around SE Asia. They do operate a biomass plant, which we do not consider a climate solution, but they make a majority of their revenue from the renewables business.

Maxeon is a Singapore based solar panel manufacturer and distributor that has a partnership with the US company SunPower.

Solartron is a solar company based in Thailand. They build panels, install them, and develop solar projects in the region.

Son Ha Development of Renewable Energy is a Vietnamese provider of solar hot water heaters, induction stoves, and other electrical appliances.

TrickeStar is a Malaysian company that offers a suite of smart home devices that help devices turn on and off at the appropriate times so they can save power and money.

Nippecraft claims to engage in the trading of recycles waste, but we could find no way to verify this, so we exclude them.

Tin Nghia is a construction company in Vietnam. While it does engage in recycling, it is a very small part of its business, so we exclude them.

Enviro-Hub is a Singapore based company that generates over half of its revenue from recycling e-waste, thus reducing the demand for new raw materials in the electronics manufacturing supply chain.

Inocycle is a major plastic bottle recycling in Indonesia that turns plastic bottles back into a usable PET plastic that can be used for a range of uses from textiles to shipping materials.

Heng Hup is a pure play recycling company that primarily recycles old steel into new, but also batteries and paper.

Tex Cycle is a Malaysian recycling company that filters heavy metals out of industrial waste so they can be reused. They also have a biogas plant and install solar farms.

PT Optima is an Indonesian pure play that generates all of its revenue from collecting, sorting, and reselling scrap metals, thus reducing the demand for new metals.

Union Steel is a metal recycling company based out of singapore that collects, sorts, and resells old metals to reduce the demand for new metals.

Sunstar Investment is a Vietnamese producer of bamboo and bamboo products. Bamboo is a critical climate solution because of how quickly it can grow and sequester carbon.

Farm Fresh Berhad is a Malaysian milk brand. While they do offer some plant-based milks, most of their revenue comes from cow-based milk.

LafargeHolcim is a Moroccan cement producer that notably does offer lower-carbon green cement alternatives. But these products still only represent a tiny fraction of their revenue in comparison to their traditional cement products.

Cartier Saada is a Moroccan company that makes a majority of its revenue from preserving fruits that come from perennial sources like olives and tree fruits.

Miniere de Touissit is a Moroccan mining company that mines for a number of critical minerals for the energy transition like lead and zinc, but they also mine for non-critical minerals like lead and gold, so we exclude them.

Ciments du Maroc is a Moroccan cement producer. While they do have some innovative approaches to sustainability like running their CO2 emissions through an algae reactor, they do not actually make any alternative or low-carbon cement mixes.

Jet Contractors is a Moroccan construction firm. While they do operate a business line dedicated to building solar farms, they generate the majority of their revenue from constructing buildings and highways, neither of which are climate solutions.

Managem is a Moroccan mining company. While they do mine for multiple critical minerals for the energy transition like cobalt, zinc, and copper, they also extract other non-critical minerals like gold, meaning they do not pass our mining filters.

TAQA is a Moroccan electrical utility. While they do use some solar and wind in their generation mix, they use about 10x more coal, leading them to fail our utility filters.

Zellidja is a Moroccan lead smelter that has been operating since the 1940's that also generates revenue from provider copper, another critical mineral for the energy transition, to markets in Europe.

Huge Group operates out of South Africa. They are involved in many industries with a minority of their revenue coming from their renewables and batteries business.

Al Khair River operates in land restoration, a climate solution, but they provide no online information to verify this, so we exclude them.

Ellies is a solar company in Southern Africa, that helps homes and businesses get stable electricity production through solar and battery systems.

Despite its name, Renergen seems to only be investing in natural gas extraction and distribution.

Euro-Cycles is a Tunisian manufacturer of bicycles. While it is assembling more electric bicycles, these still seem to be a small portion of their sales, so we exclude them.

Eveready East Africa is a Kenyan provider of car and individual batteries. It is expanding into LED lights and solar, but has not seemed to make up the majority of revenue from climate solutions yet.

Mpact is a cardboard manufacturer in South African with over 50% of their pulp coming from recycled paper, thus reducing the need for new trees to be used in cardboard creation.

Bushveld generates a majority of its revenue from producing vanadium, which is not a critical mineral for the energy transition.

Copper 360 is a South African copper mining company, a critical mineral for the energy transition.

Umeme Limited is an electrical utility in Uganda that generates revenue from expanding the grid, a key climate solution.

CIE is an electrical utility operating in the Ivory Coast. They do generate their own power and some is from fossil fuels, so we exclude them.

Metair is a South African provider of energy storage systems for homes and buildings, serving multiple markets.

Equatorial Energia is a Brazilian electricity distributor. Because it does not own any generation, we exclude them.

Ecopetrol is an energy company in Columbia that generates a majority of its revenue from oil. It also makes biodiesel and grid expansion, both climate solutions.

Afluente Transmissao is a Brazilian electrical distributor. Because it does not own any generation, we exclude it.

Centrais Elétricas de Santa Catarina is a Brazilian utility that generates 100% of its electricity from hydropower that does not require the burning of fossil fuels.

COELCE is a Brazilian distributor of electricity. As they do not own any generation, we exclude them.

Enel Americas is a major electrical utility in Latin America. It fails our utility filter because it does not generate all of its electricity from carbon-free sources.

Pomifrutas is a Brazilian producer of apples a perennial crop.

Bicicletas Monark is a Brazilian bike manufacturer. We exclude them because while more bikes is better for climate, they do not generate most of their revenue from electric bikes which more generally replace fossil fuels for commutes.

Empresa Regional is a Peruvian electrical utility. Because it only owns transmission lines and not generation, we exclude them.

Ampla Energia is a Brazilian electricity distributor. Because it does not own any generation, we exclude them.

Empresa Distribuidora is an Argentinian electrical utility. They do not provide a breakdown of how much of their electricity is generated from clean sources, so we exclude them.

All Cosmos Bio-Tech sells fertilizers in Malaysia. We no longer consider fertilizers, even bio-organic ones, a climate solution, as they do not help prevent food waste, so we exclude them. Not to mention most of their fertilizers are for the palm oil industry, which is highly environmentally destructive.

Enel Distribucion Peru is a Peruvian distributor of electricity. Because it owns no generation, it does not meet our utility filters.

Molibdenos y Metales is a Chilean mining company. While it does produce molybdenum, a critical mineral for the climate transition, it also makes rheunium, which is not, so we exclude them.

Enel Distribucion is a Chilean electricity distributor. Because it does not own any generation, we exclude them.

Southern Peru Copper is a Peruvian copper mining company, a critical mineral, but it also mines many other minerals, including coal, meaning we do not include it.

Sociedad Transmisora is a Chilean electricity distributor. Because it does not own any generation, we exclude them.

Empresa Distribuidora is a Argentinian electricity distributor. Because it does not own any generation, we exclude them.

Compañia de Transporte is an Argentinian electrical grid maintenance and expansion company, a key climate solution.

Equatorial Maranhao is a Brazilian electricity distributor. Because it does not own any generation, we exclude them.

Zhejiang Weiming is a Chinese operator and owner of 41 waste to energy plants. Waste to energy is a "regretful" climate solution as though it does lead to GHG emissions and pollution, the impact is generally less than letting waste rot (and emit methane) and reduces the demand for extracting raw fossil fuels to generate electricity.

Yingkou Jinchen is a solar manufacturing company in China that specializes in various parts of the solar manufacturing process that help make solar panels robust and able to operate in the field for decades.

Flat Glass Group is a Chinese manufacturer of various types of glass including glass for solar panels, dynamic glass that will dim when exposed to the sun, and high-performance glass that helps keep buildings insulated.

Chongqing Sanfeng is a Chinese operator of waste to energy plants. Waste to energy is a "regretful" climate solution as while burning waste does result in GHG emissions, it is generally less than the methane from letting waste rot and it avoids the need to extract raw fossil fuels for generating electricity.

Ming Yang Smart Energy generates a majority of its revenue from selling products for the wind industry with some additional revenue coming from building data centers.

China Yangtze Power Co owns, operates, and invests in hydropower projects in China and around the world. Their projects generate electricity without burning fossil fuels.

Shenzhen New Energy specializes in making systems that enable other companies to manufacture the components that go into solar panels.

NYOCOR is a Chinese developer of solar and wind projects for the domestic market, thus helping more of China run on zero-carbon energy.

LEAD specializes in automated manufacturing processes and generates a majority of their revenue from manufacturing parts, components, and processes for the EV and solar industries.

Huaneng Lancang River Hydropower is a Chinese developer of hydropower projects, an important source of zero-carbon energy. It also develops wind and solar projects.

Ginlong is a Chinese manufacturer of electricity inverters that are used to transform power captured by solar panels into usable electricity for the power grid.

Suzhou Maxwell is a Chinese company that specializes in building solar cells and other components that are used in solar panels.

Shenzhen Senior Technology generates a majority of its revenue from building and manufacturing components for lithium-ion batteries, an important climate solution.

Riyue Heavy Industry is a Chinese company that does make products for the wind industry, but generates a majority of its revenue from non-climate solutions like injection molding machines, diesel engines, and giant mining machines.

Eve Energy is a Chinese manufacturer of lithium batteries that are used for both energy storage and powering of devices that enable the automation of buildings and smart meters to more efficiently use electricity.

Capchem is a Chinese chemical company that makes over 75% of its revenue from selling chemicals that are used in lithium ion batteries.

TCL makes the majority of its revenue from building solar panels and related equipment that are used in the solar industry.

China Southern Power Grid Energy Efficiency generates a majority of its revenue from identifying areas that electricity users could be more energy efficient. Identifying and fixing such opportunities is an important climate solution as demand for electricity grows, it must be used as efficiently as possible.

Kedali is a Chinese manufacturer of batteries and auto-parts. While they do sell auto-parts for traditional ICE cars, they generate a majority of their revenue from EV parts and batteries.

Tinci is a Chinese chemical manufacturer that makes over 90% of its revenue from selling lithium for use in lithium ion batteries, a key climate solution.