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.

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.

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

Nemak is a Mexican manufacturer of auto parts that specializes in making them lightweight. Their products enable us to move the same amount of stuff with less energy.

Engie Energia is a Peruvian utility that generates most of its electricity from non renewable sources, so we exclude them

Vitro is a Mexican glass manufacturer that generates over half of its revenue from providing energy efficient glass for buildings and homes that mean these buildings need less energy to keep a consistent temperature.

Innovative Energy Group is a renewable energy developer in Jamaica that is part owner of several solar plus battery farms

Pampa Energia is an Argentinian utility that generates most of its power from thermal sources, so we exclude it

Inversancarlos is an Ecuadorian conglomerate that participates in many industries including recycling. Unfortunately, this makes up a minority of their revenue as they make more from packaging and alcohol sales.

Orbia is a Mexican provider of precision agriculture equipment that enable farmers to grow the same food with fewer resources, a key climate solution

Engie Energia is a Chilean utility that generates most of its electricity from thermal sources

CELSIA is a Colombian utility that generates the vast majority of its power from renewable sources like hydro and solar and only has thermal power plants as backups

Enel Chile is a large Chilean utility that generates over 80% of its electricity from renewable sources like hydro and solar

Estre Ambiental is a Brazilian waste collection company that both captures methane at its landfills and processes some of its trash in waste to energy plants, which avoid the need for new fossil fuels

Aclara Resources is a mining company focusing on rare-earth minerals in Chile and Brazil, which are critical minerals for the energy transition.

Alupar is a Brazilian electrical utility that generates all of its power without fossil fuels, so we include them.

Auren Energia is a Brazilian electrical utility that generates all of its power from fossil-fuel free sources: solar, wind, and hydropower.

Aeris Industria is a Brazilian manufacturer and maintenance provider for wind turbines.

Ampla Energia e Serviços 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.

Bicicletas Monark is a Brazilian bike manufacturer. We exclude them because while more bikes is better for climate, they, as of 2025, still do not generate most of their revenue from electric bikes which more generally replace fossil fuels for commutes.

Capex is an Argentinian company, that while they do own a wind farm, generates the vast majority of its revenues from fossil fuels

Bravo Mining Corp is a Brazilian company that generates a majority of its revenue from non-critical minerals like gold and palladium

CEB is a Brazilian electrical utility that, again in our 2025 review, does not disclose where it generates its electricity from, so we exclude it 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.