Global Climate Solution Stocks

Corep Lighting is a French firm that specializes in lamp shades and recess lighting. While they do offer LEDs, most of their revenue comes from shades, so we exclude them as of our 2025 review.

Zoomability makes an electric wheelchair that can go offroad. As this does not replace a use for fossil fuels (any non human-powered wheelchairs are electric), we exclude them, again in our 2025 review.

Tab is a Slovenian battery producer that generates more of their revenue from automotive starter batteries than energy storage batteries.

Robot specializes in creating and installing building automation systems with a historical focus on hotels so they can use energy more efficiently.

Dadelo is a Polish online bike retailer. While they do sell e-bikes, they generate more revenue from traditional bicycles, which are not a direct climate solution.

TomTom is a Dutch company that specializes in GPS devices. They do offer some products and integrations with EVs, but it's a small portion of their business.

Elhim Iskra is a Bulgarian battery manufacturer that focuses on automobile starter batteries instead of energy storage batteries.

Redeia is a large owner and builder of electrical grids in Spain, helping more of that country use electricity instead of fossil fuels.

Lovisagruvan is a Swedish mining company that extracts zinc, lead, and silver. They do not provide a revenue breakdown of each that we can find as of our 2025 review.

Great Western Mining is an Irish firm that owns mining rights in Nevada in the US. They are exploring for both gold and copper, but as they have not begun, they do not have revenue from each, so we exclude them.

S.C. Promateris is a Romanian company that generates all of its revenue from developing and selling bio-based packaging materials that reduce the demand for fossil fuels in packaging and enable packaging to be composted instead of thrown away.

Charwood is a biomass power producer in France. As we no longer consider Biomass a climate solution, we exclude it, again in our 2025 review.

Transition Evergreen is a publicly traded fund that invests into climate solutions, not a company directly enabling climate solutions themselves, as of our 2025 review.

OSRAM is a lighting company in Germany that provides many LED chips that enable LEDs to provide more energy efficient lighting

DonkeyRepublic offers software for touchless bike rental services making it easy for anyone to rent a bike whenever they need instead of driving.

Enertronica Santerno is an Italian construction firm that focuses primarily on solar plants, helping the Italian grid run more on sunshine.

Gruvaktiebolaget Viscaria is a Swedish mining company that primarily extracts copper, a critical mineral for the energy transition

Sin Cars is a Bulgarian car manufacturer that generates more revenue from selling their high-end ICE sports car than their electric-powered trucks, so we exclude them as of our 2025 review.

Atalaya Mining is a Spanish mining company that generates a majority of its revenue from extracting copper, a key mineral for the energy transition.

EuroGroup is an Italian company that generated 57% of their revenue from building electric motors for use in EVs.

Steel Structure Manufacture seems likely to generate most of their revenue from providing steel structures for the electrical grid, but we could not find a revenue breakdown, so we did not include them in our 2025 review.

Amman Mineral International extracts copper, but generates most of its revenue from non-critical minerals like gold and silver.

Adhi Kartiko Pratama generates a majority of its revenue from extracting nickel, a critical mineral for the energy transition.

Eldridge Energy specializes in creating biomass pellets. As of 2025, we do not consider biomass a climate solution, so we exclude them

ZNext Mining Corp extracts copper, but generates most of its revenue from non-critical minerals like gold and silver.

Quoc Cuong Gia Lai is a Vietnamese company involved in many industries including hydropower. Unfortunately, it's revenues from the other industries like rubber plantations are much higher, so we exclude them

Mekong Fisheries is a Vietnamese fish farming company raising catfish. They do not specifically call out any energy saving efforts on their website, so we do not believe they are participating in the "improved fisheries" climate solution

GP Industries makes batteries, but they are primarily for household uses rather than energy storage or EV

Power Generation Joint Stock is a Vietnamese utility that generates 81% of its power from coal and gas, so we exclude them

OceanaGold is a Filipino mining company that does extract one critical mineral, copper, but generates most of its revenue from gold, which is not a critical mineral.

PT Sejahtera Bintang Abadi Textile reputes to manufacture yarn from recycled textiles, but their website is down and we cannot find any financials later than 2022, so it is unclear if they are still in business.

Asia Biomass specializes in making biomass pellets. We no longer consider biomass a climate solution as of 2025, so we exclude them

Agro Nahari Nusantara is an Indonesian shrimp farm that specializes in raising a lot of shrimp in high density to use less resources.

BGMC is a Malaysian construction firm. While they do generate some revenue from constructing electrical grids, they generate more from traditional real estate construction like apartment buildings.

Linkers Industries builds wire harnesses for general electronics, not the electrical grid.

ABM Fujiya is a Malaysian battery manufacturer, but their batteries are intended for things like golf carts rather than EVs.

Solution Group builds equipment and software solutions from a number of industries. While some of their generation comes from renewables, most come from other industries.

Sino Green Land seems to be a holding company looking to acquire recycling companies as far as we can tell.

Green Resources is a Thai company that generated 77% of its revenue from selling solar power to the grid.

Metrod Holdings builds copper wires that are used in a variety of climate solutions from expanding the grid to electrical motors.

Marine Electricals is an Indian construction company that specializes in serving the shipping industry. They also offer an automated building management system, but this is a fraction of their revenue.

Ahasolar builds software for the solar industry in India working to help expand the industry and help it run more efficiently.

Waa Solar is an Indian solar developer that owns multiple solar farms in the region, helping more of it run on sunshine instead of fossil fuels.

Indian Railway Finance Corporation specializes in granting leases to build out rail services in India. While this is critical to building railways, an important part of mass transit, it is fundamentally secondary to the primary activities of building and operating, so we exclude them.

MSTC engages in multiple business lines in India. While it generates some revenue from scrap recovery, it generates most from e-commerce, so we exclude them

Veer Energy is a pure play wind developer in India having built seven farms so far and counting.

Mena Mani claims to be involved in biofuel, which can be a climate solution, but they seem to be out of business, so we cannot clarify.

Associated Ceramics makes ceramic bricks that are used in the cement and aluminum industries. They say they also engage in solar energy, but we could find no confirmation of this in their financials.

Narmada Macplast Drip specializes in offering drip irrigation technologies so farmers can use less water to raise their crops.

Shivamshree Businesses is a pure play provider of solar systems in India, enabling more of that grid to run on sunshine.

BKV Industries seems to own a shrimp farm, but they offer no information on their farming practices and their relative efficiency, so we exclude them.

Rex Pipes and Cables makes some climate solutions like cables for the electrical grid and, interestingly, automotive buses, but they make pipes and sprinklers and other products that are not climate solution. They do not provide an accurate revenue breakdown of use cases between them, so we exclude them.

Ramco generates most of its revenue from providing cement in India. While they talk a lot about sustainability, they do not seem to actually be incorporating any kind of lower carbon, alternative cements, so we exclude them.

Sejal Glass is an Indian manufacturer of high quality architectural glass that helps buildings stay better insulated.

Kay Cee Energy & Infra specializes in siting and constructing electricity transmission towers that enable the electrical grid to expand.

Hariyana Ship Breakers specializes in breaking down old ships to extract the valuable metal so it can be repurposed, reducing the demand for virgin materials.

Trom Industries is a solar pure play company in India. They serve as a solar developer as well as offering solar products like rooftop systems and even deep freezers.

Jayshree Chemicals generated 6% of their revenue from wind power when last reported and 94% from chemicals, so we exclude them.

Australian Premium Solar India is a pure play manufacturer of solar cells in India, enabling more of the country's electrical grid to run on sunshine.

We could find no online information about GR Cables at all, so we exclude them for lack of information.

Mpact is a cardboard manufacturer in South Africa with over 65% of their pulp coming from recycled paper, thus reducing the need for new trees to be used in cardboard creation.

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. Lead is also a critical mineral in the energy transition for its use in batteries

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 of the region.

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

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. In other words, scaling coffee plantations will not lead to greater climate impact.

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

Metair is a South African provider of energy storage systems for homes and buildings, serving multiple markets in conjunction with solar power.

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. If they were to claim they were planting orchards in previously degraded land, that would be another story.

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.

Unfortunately it looks like Ellies Holdings is no longer in business selling LEDs and solar solutions

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.

Renergen, despite its name, is a natural gas mining and distribution company that also sells helium (which is also not a climate solution)

Amalgamated Regional is an investor-owned conglomerate in Zimbabwe. They do own a battery business, but it serves mainly automotive businesses. They do sell some solar systems, but this seems to be a small portion of their revenue.

TAQA is a Moroccan electrical utility. While they do use some solar and wind in their generation mix, they use about 20x more coal as of our 2025 check, leading them to fail our utility filters.

Al Khair River is an Egyptian company that has claims about restoring land, but only seems to do generic agriculture. They also operate a small fish farm, but it is unclear to what extent they have improved efficiency in their fisheries, so we exclude them for lack of information.

CIE is an electrical utility operating in the Ivory Coast. They generate power with hydropower, but also a natural gas plant, leading them to fail our utility filter, so we exclude them.

Marula Mining is a Kenyan company and owner of multiple mines that are extracting critical minerals like cobalt, copper, and lithium. All of these are needed to make batteries and the expansion of the electrical grid.

LafargeHolcim is a Moroccan cement producer that notably does offer lower-carbon green cement alternatives. But, as of our 2025 review, these products still only represent a tiny fraction of their revenue in comparison to their traditional cement products.

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.

Societe Industrielle is a Tunisian provider of gas, electricity, and water meters. While they do make some revenue from LED light bulbs, it is not a large part of their business and the products they make for electricity distribution are for low voltage use-cases, so not for expanding the electrical grid

ForRich is a Jamaican lighting and electrical services company. They provide energy efficient lighting, solar systems, and grid connection services to businesses in Jamaica, thus enabling more processes to run on electricity instead of fossil fuels

Salmones Camanchaca is a Chilean provider of farmed salmon. They track the efficiency of their fisheries to improve energy usage and reduce climate impacts, enabling them to make more protein with fewer resources.

Grupo Energia Bogota is a Columbian electrical utility that does not publish their electrical generation mix, so we exclude them

ISA Energia Brasil specializes in building high transmission power line projects that expand the electrical grid, an important-precursor to the electrification of everything

Equatorial Pará Distribuidora de Energia is a Brazilian utility that does not disclose their full electricity generation mix, so we exclude them

Wetzel is a Brazilian provider of Industrial LEDs as well as automotive parts and materials for low-voltage electrical installations. They do not disclose how much of their revenue they make from their LED business in their investor relations, so we exclude them

Conciviles is a Colombian construction company. While they do help build electrical transmission systems, an important climate solution, they generate more of their revenue from constructing roads and buildings.

Enel Generacion Piura is a Peruvian electric utility that generates most of its electricity from thermal sources, so we exclude them

Enel Generación Chile is a Chilean utility that generates almost 40% of its power from thermal sources, so we exclude them

Light is a Brazilian utility that generates all of its electricity from renewable assets

Monteiro Aranha is a Brazilian conglomerate involved in the paper, petrochemical, and real estate industries. While they do make some revenue from recycling paper, it is much less than half.

Companie de Electricidad de Tulua is a Columbian utility that generates power from multiple sources, including thermal. We could not find any publication of the exact mix of their sources however, so we exclude them

Natluk is an Ecuadorian company that provides wild and farm-raised shrimp. While more efficient fisheries are a climate solution, we could find no indication that Natluk was instituting any practices that would achieve this

COPEL is a Brazilian utility that generates 100% of its electricity from zero-carbon sources like hydro, solar, and wind

Irani is a large Brazilian paper and cardboard company. While they do seek to source their paper from sustainably managed forests, scaling paper and cardboard production will not mitigate climate change. They do generate some revenue from recycling, but it is a small amount, so we exclude them

Klabin is a large Brazilian paper and cardboard company. While we commend them for their efforts in sustainable forest management, the only climate solution they participate in directly is recycling, which makes up less than half of their revenue

Tecnoglass is a Columbian company that generates all of its revenue from providing high performance glass for buildings that enable them to keep a stable internal temperature with less energy

Rumo is a large Brazilian rail freight shipping company. They neither participate in passenger trains (mass transit) not seem to be investing in electrifying their train fleet, so we exclude them

Blumar is a Chilean provider of farm raised salmon. While making aquaculture more efficient is an important climate solution, we could not find any evidence that Blumar was investing in any activities beyond industry standard.

Ambipar is a Brazilian conglomerate that does emergency response, waste management, and risk planning. They do not generate a majority of their revenue from waste management with methane capture, so we exclude them

Jolywood Sunwatt is a Chinese pureplay manufacturer of various components that are used in the construction of solar panels from the raw silicon to designed solar systems.

Sungrow is a pure play Chinese solar and renewable energy company that primarily makes solar inverters but also sells solar panels, energy storage systems, and floating solar systems.

As of 2025, Gotion High-tech is a Chinese company that engages in two climate solutions: batteries and grid expansion. They make battery materials as well as batteries themselves that are used in EVs and energy storage. And they make a range of products for the electrical grid from power lines to transformers.

Dajin Heavy Industry is a pure play manufacturer of wind turbines that also owns its own shipping fleet for distributing and installing them. It also builds wind farms that generate electricity with zero carbon.

Tianqi Lithium is a Chinese vertically integrated lithium company that mines, refines, and sells a variety of lithium products for use in EV and energy storage batteries.

Ganfeng Lithium is a Chinese vertically integrated lithium company that mines and refines lithium, builds batteries, and now also recycles old ones. Lithium is a critical mineral for lithium-ion batteries which are a key part of the energy transition.

As of 2025, M-Grass is a Chinese seed producer that specializes in projects that restore and heal land such as coal mines. By restarting the growth of plants in such areas, they can begin recapturing the lost carbon from the destruction of the plants and animals that were originally there.

JA Solar, headquartered in China, is a pure play solar system manufacturer making both silicon wafers and full panels and as of 2025, they have added energy storage products, another climate solution, as well.

YOUNGY is a vertically integrated battery supplier in China, owning lithium mining operations, battery manufacturing equipment businesses, and also distributing batteries themselves that can power the transition to EVs and grid storage.

Shanghai Putailai is a Chinese manufacturer of lithium battery components that are critical for the EV and energy storage supply chains

CECP Solar, headquartered in China, generates all of their revenue from the manufacturing and distribution of solar panels as well as constructing solar parks.

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.

Hoyuan Green energy is a Chinese manufacturer of solar silicon cells as well as selling manufacturing equipment to other solar manufacturers. They also make equipment for the semiconductor industry

Dongzhu Ecological is a Chinese company that specializes in restoring landscapes and restarting their return to nature, thus restarting the carbon cycle on ecologically damaged areas such as mines. They also generate some revenue from general landscaping.

China Three Gorges Renewables is a renewable energy project developer in China that has built and owns wind, solar, and hydropower projects across the country.

As of 2025, Shenzhen Dynanonic is a Chinese manufacturer of critical materials for batteries that are used in the EV supply chain and energy storage applications.

Wuhan Energy Technology is a Chinese provider of laser equipment that is solely used for the solar industry to help drive down costs and increase precision in the solar manufacturing process.

Zhefu is a Chinese company that generates a majority of its revenue from serving the hydropower and nuclear power industries, both key climate solutions. It also conducts hazardous waste removal, which while important, is not a climate solution.

As of 2025, 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.

As of 2025, 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.