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.

Dizon Copper-Silver mines has not started extracting minerals, so we do not know their breakdown of revenue

Licogi 14 is a construction company in Vietnam that does construct hydropower projects, but generates most of its revenue from other public works like roadways.

Licogi 14 is a construction company in Vietnam that does construct hydropower projects, but generates most of its revenue from other public works like roadways.

Zixin specializes in providing sweet potato packaged snacks like potato sticks. While these are plant-based foods, they do not directly replace animal-based products, so we exclude them

Khanh Hoa Power is a Vietnamese utility that generates its power from hydropower, a carbon-free source

St. Augustine extracts copper, but generates most of its revenue from non-critical minerals like gold and silver.

Construction and Investment is a construction company in Vietnam that does construct hydropower projects, but generates most of its revenue from other public works like roadways.

IDI International is a fish production company. They generate more of their revenue from producing feed and fish meal however, which are not directly related to improved fisheries, so we exclude them for now.

Ha Giang Mineral seems to only produce purified antimony which is not listed as a critical mineral for the energy transition.

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

Atlantis Subsea Indonesia provides underwater services for the wind industry, but generates the majority of their revenue from providing such services to the oil and gas industry.

Gelex Electricity is a Vietnamese producer of a variety of products from wiring to transformers that are used to expand the electrical grid.

GPP Resources generates most of their revenue from providing biogas and biomass reactors for palm oil farms in SE Asia. We do not consider biomass a climate solution and they do not breakdown their revenue from each category, so we exclude them.

Make To Win is a Thai manufacturer that generated 89% of its revenue from selling electric motorcycles.

Thai Agro Energy makes ethanol based biofuels. We do not consider ethanol biofuels to be a climate solution unless they are derived from waste products.

Asiamet Resources is an Indonesian mining company that generates most of its revenue from extracting critical minerals like copper and zinc.

Light Up Total Solutions is a Thai provider of LED lights that enable users in Thailand to get the same light with far less electricity.

Swift Energy is a relatively new public company. They make process and control systems for a number of industries including both oil and gas and renewables. They do not provide an industry breakdown (yet), so we exclude them for now.

MAG Holdings owns two Malaysian shrimp farms. They say they are in process of installing floating solar panels on their farms, so the farms would not need to run on diesel generators. When this happens, we will include them.

Manila Mining Corporation explores for a critical mineral, copper, but generates most of its revenue from gold and silver which are not critical minerals.

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.

Fábrica Nacional de Vidrio is a Venezuelan glass manufacturer. While high performance windows are a climate solution, glass bottles are not, which is what this company makes

Fruticola Viconto is a Chilean grower of various stone fruits, apples, and nuts. Because stone fruits, apples, and nuts can produce calories each year without being harvested we include them as a climate solution. The trees are also less likely to be tied to the destruction of rainforests like tropical plantations are such as palm oil, coffee, and cocoa.

Industrias del Cobre Sociedad is a Peruvian cable company that generates over half of its revenue from cables used in the electrical grid system as well as other climate solutions like solar energy.

Industrias Electro Quimicas is a Peruvian mining company that specializes in extracting zinc and lead, both minerals key for the electrification of our economy.

La Reserva Forestal is an Ecuadorian company that seems to be in the food production business. They have no additional information again in our 2025 review that indicates they are actually involved in reforestation projects, so we exclude them.

Lasco Distributors is a Jamaican CPG company. While they do distribute some plant based drinks, they generate a majority of their revenue from traditional foods and pharmaceuticals

Leyden is a provider of electrical capacitors in Argentina. They make a full range of electrical equipment, only which a minority is used on the electrical grid, so they do not meet our 50% threshold

Minera Frisco is a Mexican mining company that generates a majority of its revenue from non-critical minerals like gold

Litoral Transmission is a Chilean electrical utility. They do produce power but, again in our 2025 review, they do not disclose how, so we do not include them

Luz del Sur is a Peruvian electrical utility that does generate its own power. While it seems it is all from hydropower, we could not confirm this again in our 2025 review, so we exclude them for lack of information.

Marcopolo is a Brazilian maker of buses. Buses are an important climate solution as they enable more people to move far more efficiently than passenger cars

Minera Valparaiso is a Chilean utility that manages 26 power plants with a majority of their generation coming from thermal sources, leading us to exclude them.

Minsur is a Peruvian mining company that, while it does search for some critical minerals like copper, generates a majority of its revenue from non-critical minerals like gold and tin

Molibdenos y Metales is a Chilean mining company that generates a majority of its revenue from molybdenum, a critical mineral for solar panels.

MPC Caribbean Clean Energy is a pure play solar and wind energy developer in the Caribbean based out of Barbados.

Orizon Valorizacao de Residuos is a Brazilian waste management company that captures the methane from their landfills so that it can be burned, avoiding the much greater emissions from methane vs. CO2.

MRS Logistica is a Brazilian rail company. While mass transit is a climate solution where people take public transit instead of driving, shipping freight via rail is not, so we exclude them

Neoenergia is a Brazilian utility that has an ownership stake in multiple hydropower, solar, and wind power plants as well as operating a large electrical grid

Orygen Peru is an electrical utility that generates almost half of its electricity from thermal sources

Neoenergia operates as a Brazilian electrical utility that only generates power from fossil-fuel free sources: hydro, wind, and solar. As of 2025 they have also expanded into offering green steel and hydrogen

Chongqing Water Group is a water distribution company. They distribute tap water and collect and process wastewater, neither of which are direct climate solutions. They do say they consult on the construction of hydroelectric power plants, but that is a small part of their revenue.

Xizi Clean Energy has a big stated goal of being the "#1 provider of clean energy equipment and solutions, but it is unclear how much revenue they generate from their traditional energy business, which is larger boilers, so we exclude them.

Zhongmin Energy is a Chinese energy developer. They build wind and solar projects but it is unclear whether they still are invested in biomass projects which would lead to their exclusion from this index.

Riyue Heavy Industry makes fittings and parts for many heavy industry applications. While they do specifically support wind and high speed rail, both of which are climate solutions, they generate a majority of their revenue from other industries like maritime shipping and thermal power.

Tianjin Capital Environmental Protection Group is a sewage processing company in China. While important, processing wastewater is not a climate solution. They do discuss their water recycling which is a part of their business we would like to see more public information on in the coming reviews.

Jiangxi Hongcheng Environment is a tap water distribution company that also processes waste water. While they do claim to supply solar panels, this seems to be a very small part of their revenue, so we exclude them.

In our 2025 update, we are pleased to see Tongwei meet threshold for inclusion as they now generate over 50% of their revenue from their solar panel production businesses over their animal feed businesses.

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

Beijing Capital Eco-Environment Protection Group is named this because it is simply a traditional waste management company. They collect and dispose of garbage as well as process wastewater. While it is certainly better such waste get collected and processed, the act of doing so is not a climate solution.

Wuhan Tianyuan is a Chinese wastewater processing company. While important for environmental safety, the processing of waste water is not a climate solution.

The reason the word "clean" is in Suzhou's (aka Canmax)'s name is because they specialize in clean rooms. While critical for many industrial and medical applications, the growth of clean rooms is not needed for solving climate change

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

Beijing Originwater produces high quality membranes and filters for wastewater treatment and desalination. While both are important technologies, neither is built to improve the energy efficiency of these processes or to reduce water waste, so we exclude them

CEC Environmental Protection is a water distribution and utility company. The "Environmental Protection" part of their business comes from zero-discharge wastewater processing, which while admirable, is not a climate solution. They do engage in some composting of kitchen and household waste, but this is a small portion of their business.

We have added Hunan Zhongke Electric as a climate solution company in 2025 given their focus on providing electromechanical solutions for the production of steel, which can replace needing to combust fossil fuels in steel production.

Lingnan Eco & Culture-Tourism is a Chinese company that does landscaping and tours of nature. While both are important to foster a connection with nature, neither is a climate solution themselves. While they report doing nature "restoration" we could find no evidence that they return degraded landscapes back to natural ones.

As of 2025, China Longyuan is an impressively green Chinese utility with a vast majority of their power coming from wind and solar. Yet they still operate three coal plants, thus failing the zero coal threshold of this index.

Hunan Kaimeite is a Chinese supplier of various industrial gases. Distribute gases is not a climate solution. 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).

As of 2025, Chengdu Xingrong continues to mainly be a water distribution business. They do not make products the improve the energy efficiency of doing so and their waste to energy business still represents a small part of their overall revenue

Beijing Orient Landscape generates a majority of its revenue from managing industrial waste. They do not report their methane capture nor their environmental services in any detail, so we exclude them.