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.

Lopez Holdings is an owner of FGEN which is a large renewables developer in the Philippines with a specialty for geothermal

NexGen Energy Corp. is a Thai developer of renewable energy resources like solar and wind. They do generate electricity from biomass which we do not consider a climate solution, but it is a small part of their generation mix.

Reservoir Link is a Malaysian large developer or renewables that generated 60% of their revenues from renewable projects and 40% from oil and gas.

TPC Power is a Thai generator of electricity that generates a majority of its electricity from zero carbon sources like solar, wind, and hydro

UAC Global does some work in renewables, but generated 76% of their revenue from distributing chemicals, which is not a climate solution.

Kinergy owns about 30 different subsidiaries in SE Asia, most engaged in climate solutions. Unfortunately some are also gas turbine companies and despite our searching, we could not find a breakdown of their revenue in our 2025 review.

Can Don Hydro Power Joint Stock Company is a Vietnamese electric utility that generates all of its electricity from hydropower, a carbon-free power source.

Mega First Corporation generated 41% of its revenue from owning renewable energy, but the rest from non climate solutions like packaging, so we exclude them

Leoch International is a large battery manufacturer in Singapore. While they do make batteries for energy storage and EVs, they make a majority of their revenue from lead-acid batteries that are used inside of datacenters and medical devices, which are not climate solutions.

Manila Electric Company is a large Filipino utility that does not disclose its generation mix, so we exclude them

Megapower Makmur is a pure play solar developer based in Indonesia with projects in Australia

Meta Corporation is a Thai group that has historically done some work in renewables but did not report any revenue from it in their latest annual report, as of our 2025 review.

Supreme Cable Manufacturing is an Indonesia manufacturing firm that generates 90% of its revenue from cabling using in expanding the electrical grid and enabling the electrification of everything.

G Capital is a Thai business that specializes in enabling buyers of industrial equipment in Thailand to pay over time. They do this for some climate solutions like mini-hydropower systems, but generate more of their revenue from agricultural equipment

Solar District Cooling Group is a Malaysian company that specializes in building automation, a key climate solution that can reduce the amount of energy needed to keep a building at a stable temperature. They also install solar hot water heaters.

Charoen Pokphand Foods is a large Thai producer of meat. While they do some advanced aquaculture in shrimp farming, this only makes up 13% of their revenue, so we exclude them.

Wasco Berhad is a Malaysian company that does some business in biofuels but generates a majority of its revenues from traditional fossil fuels.

Banpu Power Public Company is a Thai producer of electricity. While it does own solar and wind generation, a majority of its generation comes from thermal sources like oil and gas.

Malakoff Corporation Berhad is a Malaysian conglomerate that owns multiple power plants. Unfortunately most are thermal, so we exclude them.

Noco-Noco is a Singapore based technology company that is developing a technology that can enable battery powered energy storage systems to last longer. They have not reported revenue yet as of our 2025 review, but this is their sole focus.

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.

TotalEnergies is a Senegalese company that offers fuel, gas, and solar lamps. We dug into them for the latter, but they generate most of their revenue from fossil fuels, so we exclude them.

Societe Tunisienne de Verreries is a Tunisian manufacturer of glass bottles. While high performance glass windows are a climate solution as they help better insulate buildings, glass bottles are not.

Multiverse Minerals is a Nigerian mining company that does extract some minerals critical for the energy transition, but generates most of its revenue from other minerals like gold.

CEC African Investment invests into many power plants in Africa. They have not updated their materials since 2021, so we cannot accurately determine their mix of zero carbon vs. fossil fuel generated electricity.

The Egyptian Company for Construction Development generates some of its revenue from building electrical transmission lines (a climate solution) but a majority from building and maintaining desalination plants, an important service, but not a climate solution

Auto Nejma Maroc is a Moroccan provider of heavy duty vehicles. They are all ICE vehicles and offer no electrified alternatives.

While Gold Fields Limited does explore for some critical minerals like copper, it generates a majority of its revenue from, well Gold, which is not a critical mineral for the energy transition.

Transcorp Power is a Nigerian electricity provider. They provide their electricity from a gas plant, so we exclude them

Sappi Limited is a South African paper and cardboard manufacturer. While they do integrate recycled pulp into their process it is less than 50%, leading to us to exclude them

Gadwa for Industrial Development is an Egyptian company owned by AMG, a Saudi Arabian Conglomerate. They report to make cables but show no information on whether they are high-voltage electrical cables for the grid or low-voltage for electronics or residential use, so we exclude them for lacking information.

Travaux Généraux de Construction de Casablanca is a Moroccan general construction company. While they have done some work on solar systems, the vast majority of their revenue comes from traditional construction activities.

While Impala Platinum does explore for some critical minerals like copper, it generates a majority of its revenue from, well Platinum, which is not a critical mineral for the energy transition.

John Holt is a Nigerian company that generates a majority of its revenue from distributing power generation systems that are almost all diesel generators. They also generate revenue from boats and firefighting equipment, neither of which are climate solutions.

One Tech Holdings is a Tunisian electronics conglomerate. While they do make some products for the electrical grid, the majority of their revenue comes from traditional electronics manufacturing like circuit boards.

While RioZim does explore for some critical minerals like copper, it generates a majority of its revenue from gold, which is not a critical mineral for the energy transition.

While African Rainbow does explore for some critical minerals like copper, it generates a majority of its revenue from gold, which is not a critical mineral for the energy transition.

KenGen is a Kenyan utility that sources 86% of its electricity from zero carbon sources like hydro, geothermal, and wind.

Aveng Limited is a South African construction firm. While they do engage in a few climate solution areas like rail and electrical grids, they generate a majority of their revenue from non-climate solution construction like buildings and roadways.

While Wesizwe Platinum does explore for some critical minerals like copper and cobalt, it generates a majority of its revenue from precious minerals like platinum and gold

While Exxaro Resources does operate two wind farms in South Africa, it generates a majority of its revenue from extracting coal.

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.