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.

Clover Power is a Thai utility that generates most of its power from biomass and natural gas, neither of which we label as climate solutions in 2025.

SC Estate Builder has bold ambitions for building renewable energy in Malaysia, but in digging through their financials, it is unclear to us if they have actually generate any revenue from such activities.

Ho Way Genting makes cables, but they are all for small electronics, not for the grid. They also engage in investment and medical research, neither of which are climate solutions.

Klinko is an Indonesian manufacturer that uses recycled textile waste to create cleaning products like mops and absorbent pads.

Fitters Diversified is a Malaysian firm that generates more revenue from its fire prevention and real estate management businesses than renewable energy.

Phoenix Plus Corp is a Malaysian solar development firm that builds, operates, and maintains solar farms.

Founder Group is a Malaysian solar developer that builds and installs solar farms in the country.

Winstar Capital is a Malaysian aluminum manufacturer. While they do make some revenue from renewables directly and building aluminum frames for renewables, they generate more revenue from building aluminum step ladders, which is not a climate solution.

CK Power is a Thai utility that generates majority of its power from clean sources like hydro, wind, and solar

Sheffield Green is a Singapore firm that specializes in recruiting and training individuals to work in renewables and green energy.

SCI is a Vietnamese construction firm that specializes in hydro, wind, and solar power plants

Vinh Son - Song Hing is a Vietnamese company that generates a majority of its revenue from building and maintaining hydroelectric plants, a carbon-free source of electricity.

GELEX is a Vietnamese manufacturer of various products used in the electrical grid like wiring and transformers.

CPT Drives and Power is a Thai construction and engineering firm that specializes in expanding the grid and getting industrial buildings electrified.

Agung Menjangan is an Indonesian firm that prepares shrimp ponds for animals, maintains water quality, and then harvests. From what we can tell, they are not implementing any novel technology to improve energy efficiency, so we exclude them.

United U-Li is a Malaysian manufacturer of cables, LED lighting, and cable installation materials that enable the grid to expand and the electrification of everything.

Central Proteina generates a majority of its revenue from fish feeds for aquaculture, with only a small portion from aquaculture itself, so we exclude them.

Global Green Chemicals is a Thai company that makes a few biodiesel products from raw ingredients like palm oil. We only consider biodiesel made from waste ingredients to be a climate solution, so we exclude them

Master Tec Group is a Malaysian producer and distributor of power cables that are used to expand the electrical grid, a key part of the energy transition

Absolute Clean Energy is a Thai company that generated 57% of its revenue from biomass power, which we do not consider a climate solution, and 34% from gas power, so we exclude them

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

Tinci is a Chinese chemical manufacturer that a majority of its revenue from selling lithium for use in lithium ion batteries, a key climate solution.

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

Trina Solar is a Chinese solar cell manufacturer that makes multiple components that are used to construct solar panels as well as energy storage systems.

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. They also sell machines to manufacture batteries (another climate solution) and generate some of their revenue from semiconductor manufacturing lines (not a climate solution)

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. They also construct innovative mounting systems that can enable solar to be deployed in more places.

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. As of 2025, they also offer energy storage solutions that pair with their 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. They offer products for both residential and industrial use.

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.

Hangzhou First Applied Material specializes in films specifically for the solar industry that help protect solar panels from the elements, enabling them to last decades.

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 that provide baseload power.

Jiangsu Haili is a Chinese pure-play manufacturer of wind turbines building each part of them from the base to the blades. They also specialize in constructing wind turbines and maintaining them.

Jinko Power is a Chinese manufacturer of solar panels. They also develops solar projects and offer industrial energy storage products.

LONGi Green Energy Technology is a Chinese manufacturer of solar panels that since our 2023 review has also added green hydrogen products to its offerings, another climate solution.

CECEP Wind-power is a Chinese pure play wind energy developer that builds, owns, and operates wind farms. As of our 2025 review, they also own a pumped hydro storage facility.

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.

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

CGN Power Co is a Chinese pureplay nuclear power company that builds and operates 16 nuclear power plants in China that generate electricity without carbon emissions.

Contemporary Amperex Technology (CAT) is perhaps the largest manufacturer of EV batteries in the world and as of our 2025 review, they also now work on battery recycling, another climate solution.

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. We have moved them from a "pure play" to passes our revenue filter as they also generate some revenue from non-climate solution battery applications, like smart phones.