Global Climate Solution Stocks

Super Borovets is a REIT that invests in various real estate projects. While some are in renewable energy, they do not actually develop these sights, they just invest in them, so we do not include them.

Masterplast is a Hungarian provider of insulation, a key climate solution so buildings can stay at a stable temperature with less energy.

Steico specializes and makes over 50% of their revenue from offering insulation made with low-value scrap lumber, thus enabling two climate solutions: Industrial Recycling and Insulation

Elektrotim is a electrical grid construction company that operates in Poland, helping the Polish grid move one step closer to the electrification of everything.

Lyckegard is a Swedish producer of agricultural equipment. While they do make some for water distribution and efficiency, they also generate revenue from tillers and weeding machines and we could not find a breakdown.

Ennogie Solar is a Danish provider of rooftop solar systems for residences and businesses.

Mayr-Melnhof Karton is an Austrian producer of kraft paper that produces some but not a majority of its products from recycled materials so we exclude them as of our 2025 review.

Kingspan Group is an Irish producer of high quality insulation materials for buildings that helps them use less energy to maintain a stable internal temperature.

While Centric Holdings does engage in the renewable energy industry in Greece, its main business is onboard entertainment at hotels and on yachts in Greece, which is not a climate solution.

Glaston is a Finnish company that builds manufacturing lines that enable manufacturers around the world to build high performance glass and windows.

Renewable Ventures Nordic is a Swedish VC fund that seeks to invest in early stage renewables companies. While admirable, they are not a direct climate solution themselves, so we do not include them.

Zumtobel is an Austrian high-end lighting company that uses LEDs, meaning their products can produce the same or better light for less energy. They also provide lighting automation and management solutions that can further enhance energy efficiency.

Philomaxcap is a German firm that is involved in many industries. While they do generate some revenue from renewable energy, they generate far more from real estate management and communications.

Romcab is a Romanian producer of cables, but the majority are used for low-voltage electrical uses like home electronics rather than grid expansion.

Romradiatoare is a Romanian manufacturer of heat exchangers. While some are used in heat pumps, others are used in automotive and general industrial applications and they do not provide a breakdown of each, so we exclude them as of our 2025 review.

Smart Grids is a German company that purports to specialize in solar and smart grids, but they have no revenue we can find and their last annual report was in 2022, so we will exclude them as of our 2025 review.

DB Energy is a Polish energy efficiency auditor and solutions provider that helps heavy industrial applications find capital efficient ways to reduce their energy usage by replacing outdated technologies.

Gaussin specializes in manufacturing electric versions of industrial vehicles like those that operate in ports and haul pallets.

Lilium is a Germany company developing electric vertical takeoff and landing aircraft that can help transport people through the air without fossil fuels.

Tenax is an Italian producer of electric street sweepers, enabling the electrification of an often overlooked type of vehicle.

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.

While Sibanye Stillwater 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 Sail Mining Group does explore for some critical minerals like copper and cobalt, it generates a majority of its revenue from precious minerals like platinum and gold

Copperbelt Energy is a Zambian utility that largely serves the mining business. While it does have a solar and biodiesel plant, it generates the majority of its power from thermal sources like coal and gas, leading us to exclude them

CMGP.CAS is a Moroccan agricultural conglomerate that offers products that help farmers grow the same crops with less water and fertilizer. They also offer solar panels for farms.

While Northam 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

TAQA Arabia is an Egyptian operator of electrical transmission lines, but they generate a majority of their revenue from distributing natural gas, which is not a climate solution

While Anglo American, a South African mining company, does extract some critical minerals like cobalt, it generates a majority of its revenue from precious metals like platinum and gold

South Ocean Holdings company generates a majority of their revenue from building electrical wiring that is necessary for expanding the electrical grid, a key climate solution

The Kenya Power company is an electrical utility that generates 92% of its power from zero carbon sources like hydro, geothermal, solar, and wind

United Bus Service is a provider of public transportation on the island nation of Mauritius that enables those who are looking to get around to use a bus instead of a car.

Alpha Namibia is a pure play renewables developer that installs and operates solar farms in Namibian and Southern Africa.

Copper 360 is a South African mining company that mines for just thing that happens to also be a critical mineral for the energy transition, copper.

SICABLE is an Ivorian manufacturer of electrical cables that are used to expand the electrical grid, a key step in the electrification of everything.

Cutix is a Nigerian producer of cables and wires. They generate over half of their revenue from wires built for expanding the electrical grid system, a key step in the electrification of everything.

Africa Clean Energy Solutions, based in Mauritius builds and maintains clean energy systems in Africa with multiple solar and biogas farms. They do also have a biomass plant which we do not consider a climate solution, but they generate most of their revenue from their other activities, so we include them

CAFCA is a Zimbabwe-based company that makes a variety of cables with a majority of their revenue coming from cables used for electricity transmission, a key precursor for the electrification of everything and the switch away from fossil fuels.

TransCentury is a Kenyan engineering and construction firm that specializes in projects related to expanding the electrical grid, a key step towards the electrification of everything.

Cartier Saada is a Moroccan company that makes a majority of its revenue from preserving fruits that come from perennial sources like olives and tree fruits. Olive trees in particular can live 100's of years and can be a great storer or carbon while providing food.

Umeme Limited is an electrical company in Uganda that specializes in constructing things like substations and high voltage electrical towers that are key for expanding the electrical grid

El Sewedy Electric is an Egyptian manufacturing firm that generates a majority of its revenue from building wires and other equipment needed for expanding the electrical grid in Egypt. They also build renewable energy projects like solar and wind.

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.