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.

PT Barito Renewables Energy is an Indonesian firm that specializes in geothermal energy, a zero-carbon base load source of power.

Global Power Synergy is a Thai electrical utility that generates most of its power from gas and coal, so we exclude them.

Construction Joint Stock Company 47 is a Vietnamese firm that primarily builds hydropower projects

Tracodi is a Vietnamese construction firm that does some work in renewables, but also engages in other activities like stone quarries. As of our 2025 review, they do not disclose the breakdown, so we exclude them

Aboitiz Power is a Filipino electrical utility that generates about 25% of its power from renewable sources, so we exclude them.

Koh Brothers Eco Engineering generated about 1/3 of their revenue from renewable energy and 2/3rd's from generic construction activities, so we exclude them.

First Gen Corporation is a Filipino utility that generates a lot of power from geothermal, but even more from gas and coal.

VinFast is a Vietnamese electric vehicle and scooter company that enables people to drive with zero tailpipe emissions.

PT Indal Aluminium produces aluminum frames, some of which are used for solar panels, but most for other purposes, thus failing our 50% threshold.

Artoniq is a holding company that owns a few providers of electronic hardware like point-of-sale hardware in Malaysia. No climate solution

APM Automotive is a Malaysian manufacturer of automotive parts. They do manufacture some parts for locomotives, which can be used to haul passengers, enabling mass transportation, but this is a minority of their revenue

Protasco is a Malaysian construction company that does some work in clean energy but earns most of their revenue from building and maintaining roadways.

All Energy and Utilities generates a majority of their revenue from fossil fuel sales and distribution with only a small portion from renewables

Jati Tinggi Group is a Malaysian construction firm that generates most of its revenue from designing and building electrical grid systems, a key climate solution.

MDX is a real estate investment firm that also owns some power plants, with only a portion of the electricity generated coming from zero carbon resources.

XL Holdings is a Malaysian food and animal company. While they do fish farming, it is for ornamental fish, not food fish, which are not as important to optimize energy efficiency around, so we exclude them

B.Grimm Power is a Thai large developer of energy projects. Right now about half of their owned generation is gas and the other half renewables, so we exclude them, but we look forward to seeing this updated in future reviews.

BM GreenTech is a Malaysian firm that specializes in biomass boilers that enable the generation of electricity from burning wood. We do not consider biomass a climate solution in our 2025 review, so we exclude them

Indika Energy is an Indonesian energy company that generates some revenue from renewables but 85% from coal in our 2025 review.

Ratch Group is a Thai producer of electricity that generates most of its power from thermal sources like coal and gas.

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

CEMIG is a Brazilian utility that generates its power from zero carbon sources like hydro, solar, and wind

CELG is a Brazilian electrical utility that generates all of its electricity from hydropower, thus passing our fossil fuel filter for utilities

Centaurus Metals is a mining company in Brazil that generates a majority of its revenue from extracting nickel and copper, two minerals that are critical to the energy transition

Centrais Elétricas Brasileiras S.A. - Eletrobrás is a Brazilian utility that generates over 90% of its electricity from hydropower, a carbon-free source of electricity.

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

Central Puerto is an Argentinian electrical utility. While they generate power from renewables, they generate more from thermal sources, so we exclude them

CGE Transmision is a Chilean owner of electrical transmission lines. While they do work to expand their grid, most of their revenue comes from maintaining their existing one, which is not in itself, a climate solution

COELBA is a Brazilian owner of electrical transmission lines. While they do work to expand their grid, most of their revenue comes from maintaining their existing one, which is not in itself, a climate solution.

Colbun owns 26 electricity generation plants in Chile. They are owned by Minera Valparaiso. Despite owning many renewable plants, they generate a majority of their electricity from thermal sources, so we exclude them

COELCE is a Brazilian owner of electrical transmission lines. While they do work to expand their grid, most of their revenue comes from maintaining their existing one, which is not in itself, a climate solution

Compañía Eléctrica del Litoral is a Chilean electric utility. It owns its own generation, but it does not disclose where that generation comes from again in our 2025 review, so we exclude them

Companhia Estadual de Distribuição de Energia Elétrica is a Brazilian owner of electrical transmission lines. While they do work to expand their grid, most of their revenue comes from maintaining their existing one, which is not in itself, a climate solution.

Compania de Transporte is an Argentinian electrical grid maintenance and expansion company, a key climate solution. They are included because they provide maintenance services to third parties as well as their own.

Compañía General de Electricidad is a Chilean owner of electrical transmission lines. While they do work to expand their grid, most of their revenue comes from maintaining their existing one, which is not in itself, a climate solution.

Compania Minera San Ignacio is a Peruvian mining company that explores for two critical minerals: lead and zinc, both of which are needed in far greater quantities for the energy transition.

Cox Energy America is a pure play solar developer based in Mexico with 1,808 mw's of projects around Latin America

CPFL Energia is a Brazilian utility that generates its electricity from renewable sources like hydro, wind, and solar

Electrica Puntilla is a Chilean electricity utility that generates all of its electricity from non-fossil fuel sources, specifically hydropower

Ecopetrol is a Colombian company that does build power lines (a climate solution) but generates a majority of its revenue from oil and gas.

EDESA is an Argentinian electrical utility. While they do provide off grid solar solutions, they do not publish their generation mix, so we exclude them for lack of information

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.