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.

Marula is a Kenyan mining company. While it mines for many critical minerals like lithium, it does not only mine for critical minerals, so we exclude them.

Amalgamated Regional is a conglomerate based in Zimbabwe. While they do own a battery manufacturing company, they are only used in traditional automobile batteries, which are used in internal combustion engines.

SICABLE is an Ivorian manufacturer of electrical cables that help enable the expansion of the grid in and around the Ivory Coast.

Masimba Holdings is an engineering company that works on a wide variety of projects in Zimbabwe. While they do work on mass transit and electricity transmission projects, this represents a small fraction of their revenue.

Metal Fabricators of Zambia generates most of its revenue from making copper wires for transmitting power, enabling the expansion of the electrical grid.

Electro Cable Egypt makes cables, most of which are used in the electrical system for expanding the grid, a precursor for electrifying everything.

CAFCA is a Zimbabwe-based company that makes a variety of cables with a majority of their revenue coming from cables used for electricity transmission.

Cutix is a Nigerian producer of wires that generates over half of its revenue from wires built for the electrical grid system.

TransCentury is a Kenyan engineering and construction firm that specializes in projects related to expanding the electrical grid, a key step towards the electrification of everything.

Assad is a Tunisian battery manufacturer. While they do generate some revenue from recycling batteries, they generate most from providing batteries to be used in conjunction with internal combustion engines in automobiles and boats.

Cocoa Processing Company is a Ghanaian processor of cocoa beans for chocolate. While cocoa is a perennial staple, the expansion of the industry often comes at the expense of natural forests, which is not beneficial from a climate perspective.

Multi-Trex integrated is a Nigerian processor of cocoa beans for chocolate. While cocoa is a perennial staple, the expansion of the industry often comes at the expense of natural forests, which is not beneficial from a climate perspective.

Societe Ivoirienne de Coco Rape is an Ivorian distributor of coconut products. While coconut is a perennial fruit, the expansion of the industry often comes at the expense of wild, natural forests, which move us backwards from a climate perspective.

Invicta is a South African provider of construction equipment. While some of their revenue does come from products and projects used to expand the grid, most comes from other segments like providing construction vehicles.

Eaagads is a Kenyan coffee producer in Kenya. While coffee is a perennial plant, we have decided not to include it as a climate solution because it often involves destroying natural forest in order to replace it with coffee plantations.

United Bus Service is a provider of public transportation on the island nation of Mauritius that enables those who are looking to get around to use a bus instead of a car.

Kakuzi is an avocado grower based in Kenya. While they do also grow macadamia nuts which we would include, avocados are more strongly linked to deforestation so we exclude them.

While Shumba Energy in Botswana does engage in renewable energy development, it generates a majority of its revenue from coal mining.

East African Cables, based in Kenya, makes a majority of its revenue from building and supplying cables that are used to expand the electrical grid in East Africa, a key step before mass electrification.

Societe Industrielle is a Tunisian provider of gas, electricity, and water meters. While they do make some revenue from LED light bulbs, it isn't a large part of their business.

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.

Trina Solar is a Chinese solar cell manufacturer that makes multiple components that are used to construct solar panels.

Pylon Technologies is a Chinese manufacturer of battery powered energy storage systems that enable renewable electricity to be stored and then deployed when needed.

Wuxi Autowell specializes in making automated processes for the production of solar panels in China, thus helping drive down the costs of the solar supply chain and making solar more affordable to deploy around the world.

Artech Solar is a Chinese manufacturer of solar tracking systems that help solar panels shift over the course of the day so they get optimal output as the sun moves across the sky.

Ningxia Jiaze Renewables is a Chinese renewable energy developer with a growing portfolio of wind, solar, and energy storage projects in China, thus enabling the Chinese electricity grid to operate with fewer fossil fuels.

GoodWe is a Chinese manufacturer of solar inverters in China, a key part of building a solar farm that converts the solar energy into usable electricity.

Beijing SinoHytec is a Chinese pureplay manufacturer of fuel cell systems that can generate power by burning hydrogen, a fuel that releases no GHG emissions when burned.

Ningbo Ronbay is a Chinese supplier of cathode battery materials that are a key component in making batteries for EVs and energy storage.

China National Nuclear Power Co is a Chinese developer, owner, and operator of nuclear power and clean energy projects in China, both zero-carbon sources of electricity

Hangzhou First Applied Material makes films specifically for the solar industry that help protect solar panels from the elements.

Jinko Power is a Chinese manufacturer of solar panels and also develops solar projects.

CECEP Wind-power is a Chinese pure play wind energy developer that builds, owns, and operates wind farms.

LONGi Green Energy Technology is a Chinese manufacturer of components that are used to construct solar panels.

Nuode New Materials makes copper foils that are a key component in lithium-ion batteries, an important climate solution.

China Southern Power Grid Energy Storage Co owns a series of hydroelectric plants in China, many of which have pumped storage, and they also build and maintain extensive electricity power grids, a necessary piece of infrastructure for the electrification of everything.

Jiangsu Haili is a Chinese pure-play manufacturer of wind turbines building each part of them from the base to the blades.

Zhejiang Provincial New Energy is a Chinese zero-carbon utility that derives all of its electricity from zero carbon sources like hydro, renewables, and hydrogen.

CNGR is a Chinese provider of multiple base ingredients for batteries that are used in EV's and Energy storage applications, both critical climate solutions.

Contemporary Amperex Technology (CAT) is perhaps the largest manufacturer of EV batteries in the world, thus empowering a critical climate solution to scale at an increasingly affordable price.

Jolywood Sunwatt is a Chinese pureplay manufacturer of various components that are used in the construction of solar panels.