Global Climate Solution Stocks
2023 List

Alternergy Holdings is a Filipino renewable energy developer with projects in wind, solar, and energy storage/.

Thai Nondestructive Testing engages in multiple industries, including coal power, but also solar generation. It generates a small portion of its revenue from solar, so we exclude it.

Cosmos Technology is a Malaysian company that makes flow meters for the oil and gas and water industry. It is unclear what % of their revenue comes from water saving technologies, so we exclude them.

Informina is a tech consulting firm in Malaysia. They do offer a telecommunications tool, but it is a small part of their business offering.

Genetic Technology makes automation systems that increase the efficiency of production for climate solutions like solar and electric cars. But it is unclear how much of their revenue they make from these products vs. their other industries.

ECA makes automation solutions that specifically enable the more efficient manufacturing of some climate solutions like renewables and electric cars, but they do not share how much revenue they generate from these industries vs. their other customers.

QL Resources is a Malaysian conglomerate that operates in many industries. While it does make some revenue from clean energy, it generates far more from its others including convenience stores and palm oil, a highly environmentally destructive industry.

Prime Road Power is a pure play solar developer based in Thailand with projects in and around East and Southern Asia.

Stars Microelectronics is an electronics manufacturer in Thailand. It also is involved in the solar industry, but this is a minority of its revenue.

Tek Seng is a Malaysian producer of polyvinyl products like laminate floors, it only has a small solar production business.

Rojana is a major owner of industrial parks in Thailand. It has a side business of selling solar energy, but it makes up a small portion of their revenue, so we exclude them.

Ygl Convergence is a Malaysian distributor of computer hardware and software. It also installs solar systems, but makes less than half its revenue from that, so we exclude them.

Raslag is a solar developer operating out of the Philippines.

SP New Energy is a pure play solar developer operating out of the Philippines.

PetroEnergy, despite its name, generated over 70% of its revenue from its wind, solar, and geothermal divisions in 2022.

Metis Energy is a large renewable energy developer operating out of Singapore with projects throughout Asia and Oceania.

Ego Vietnam is a Vietnamese producer of animal proteins, mainly goat and wild pig meat. They do make some revenue from installing solar farms, but this is a minority of their business.

Duc Long Gia Lai Group is a Vietnamese conglomerate focusing on multiple sectors. While they do build solar and wind farms, it is unclear how much of their revenue they generate from it, but it is likely far less than 50%.

Pekat Group is a Malaysian installer of solar systems and indoor lighting systems that use LEDs.

Nova Empire is a Thai company that used to make sheeting for buildings but has completely revamped into a solar and wind company.

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.

Renova Energia is a Brazilian developer and operator of renewable energy projects, specifically solar, wind, and hydro.

Wuhan Sanzhen is a water distribution and wastewater processing company in China, neither of which are climate solutions.

Zhongmin Energy is a Chinese developer of wind and solar projects. However, we only consider pure play developrs for this list and as Zhongmin also develops biomass projects, which we do not consider a climate solution, we exclude them from this list.

Tianjin Capital Environmental Protection Group is a sewage processing company in China. While important, processing wastewater is not a climate solution.

Chongqing Water Group is a water company in China that distributes tap water and processes wastewater, neither of which are climate solutions

Jiangxi Hongcheng is a Chinese water company that distributes tap water and performs waste water treatment, neither of which are climate solutions.

While Tongwei does provide silicon cells for solar production it generates a majority of its revenue from selling animal feed which is not a climate solution.

Canmax Technology makes a majority of its revenue from selling products for clean rooms and protective films for your phone. None are climate solutions.

Guangxi Guiguan Electric PowerCo is a Chinese owner of mainly zero-carbon power plants like hydropower. But it does own coal plants meaning it fails our utility filter and is therefore excluded.

Beijing Capital Eco-Environment Protection Group is a Chinese water distribution and wastewater company. As they do not offer products that reduce the energy used to distribute water and wastewater treatment is not a climate solution, we exclude them.

Wuhan Tianyuan Environmental Protection is a Chinese waste management company that generates a majority of its revenue from processing wastewater which, while important, is not a climate solution.

Wuhan Nusun is a Chinese landscaping company that designs and builds landscapes for businesses and apartment complexes. Landscaping is not a climate solution as it is not restoring land to its natural condition.

LingNan Eco&Culture-Tourism is a Chinese landscaping company that also offers eco-tours, neither of which is a climate solution.

Beijing Originwater generates over half of its revenue from processing waste water from cities and businesses. While important, waste water processing is not a climate solution.

CEC Environmental Protection is a Chinese water company that distributes water to businesses and then treats the waste water. As they do not make products that reduce the emissions from water transportation, we do not include them.

Hunan Zhongke Electric makes a range of electromagnetic devices that are used in steel manufacturing. While valuable, these devices do not necessarily lead to a reduction in emissions from making steel, so they are excluded for not being a climate solution.

Palm Eco-Town generates over 90% of its revenue from doing landscaping design for homes, apartments, and buildings. Landscaping is not a climate solution and is different than restoring land to a natural state.

Hunan Kaimeite is a Chinese supplier of various industrial gases. While they do distribute some GHG gasses like CO2 and CH4 for commercial use, they do not share how these gases are sourced (likely from fossil fuels). They also distribute many other types of gases meaning a majority of their revenue comes from other products than climate solutions.

While Chengdu Xingrong does engage in distributing water, they do not make products the improve the energy efficiency of doing so and their waste to energy business represents a small part of their overall revenue

China Longyuan is an owner of multiple power plants. While they do generate a majority of their revenue from wind, they generate 25% from coal, thus failing our utility filter.

Beijing Orient Landscape generates a majority of its revenue from managing industrial waste. They do not report their methane capture nor their circular economy activities so we exclude them.