Global Climate Solution Stocks
2023 List

Terregra is a renewable energy developer in Indonesia that specializes in major and mini hydropower systems. They are now also moving into solar power.

PT Asahimas Flat Glass is a major manufacturer of high end glass that helps buildings still have windows but remain well-insulated.

Integrated Media Technology is a Malaysian company developing multiple seemingly unrelated products. One if laminated high quality glass for buildings. Another is an NFT... As they have not actually sold anything, we cannot know how much they generated from their glass nor do we have any information about the quality of the glass, so we exclude them for lack of information.

Ajiya is a Malaysian producer of roofing materials and glass. While it does generate a lot of high performance glass, it makes more revenue from its roofing materials, so we exclude them.

Far East Group is a Singapore distributor of HVAC systems in SE Asia. While they do distribute heat pumps they represent a minority of their revenue.

Asian Insulators is a Thai producer of electrical insulators that are necessary for expanding the grid, a key climate solution.

While one of Fibon's subsidiaries makes electrical switch boxes used in grid expansion, most of their revenue comes from their other subsidiaries which are not climate solutions.

While Post and Telecommunication Equipment JSC is a Vietnamese manufacturing firm involved in expanding the electrical grid, it generates more revenue from expanding the telecommunications grid.

Powerwell Holdings is a Malaysian producer of electrical distribution equipment that is necessary for expanding the electrical grid.

Charoong Thai Wire makes a variety of cables, but generates over half of their revenue from cables used in electricity transmission and systems.

EITA Resources is a Malaysian group that makes cabling for electrical grids as well as substations, both needed for expanding the electrical grid. They, however, also make elevator and escalator cables and lifting systems. They do not provide a breakdown of each, so we exclude them.

Sirakorn is a Thai manufacturer of precast concrete products. It also manufactures products for upgrading the grid, but it generates less than half of its revenue from these activities.

Precise Corporation is a Thai grid expansion company. It also implements smart grid and renewable energy climate solutions.

Tai Sin Electric makes electrical cables that enable the expansion of the grid, but they make more of their revenue from their other lines of business, so we exclude them.

Ziga Innovation is a Thai producer of steel conduits and piping. While some of its conduits are used to house electrical wires that enable grid expansion, it is unclear how much of their revenue comes from this, so we exclude them.

Ta Win is a copper wire manufacturing company whose products are used in electricity transmission and electric motors.

PT KMI Wire and Cable is a provider of cables for electrical transmission is Indonesia that enable the expansion of the electricity grid.

Central Hydropower is a Vietnamese hydropower provider that generates all of its electricity from hydropower.

Sametel is a Vietnamese manufacturer of solar panels, solar equipment, and electrical grid equipment like voltage cabinets.

Southern Cable Group is a Malaysian provider of electricity cables that enable the expansion of the electricity grid, a key climate solution.

LafargeHolcim is a Moroccan cement producer that notably does offer lower-carbon green cement alternatives. But these products still only represent a tiny fraction of their revenue in comparison to their traditional cement products.

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.

Miniere de Touissit is a Moroccan mining company that mines for a number of critical minerals for the energy transition like lead and zinc, but they also mine for non-critical minerals like lead and gold, so we exclude them.

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.

Jet Contractors is a Moroccan construction firm. While they do operate a business line dedicated to building solar farms, they generate the majority of their revenue from constructing buildings and highways, neither of which are climate solutions.

Managem is a Moroccan mining company. While they do mine for multiple critical minerals for the energy transition like cobalt, zinc, and copper, they also extract other non-critical minerals like gold, meaning they do not pass our mining filters.

TAQA is a Moroccan electrical utility. While they do use some solar and wind in their generation mix, they use about 10x more coal, leading them to fail our utility filters.

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.

Huge Group operates out of South Africa. They are involved in many industries with a minority of their revenue coming from their renewables and batteries business.

Al Khair River operates in land restoration, a climate solution, but they provide no online information to verify this, so we exclude them.

Ellies is a solar company in Southern Africa, that helps homes and businesses get stable electricity production through solar and battery systems.

Despite its name, Renergen seems to only be investing in natural gas extraction and distribution.

Euro-Cycles is a Tunisian manufacturer of bicycles. While it is assembling more electric bicycles, these still seem to be a small portion of their sales, so we exclude them.

Eveready East Africa is a Kenyan provider of car and individual batteries. It is expanding into LED lights and solar, but has not seemed to make up the majority of revenue from climate solutions yet.

Mpact is a cardboard manufacturer in South African with over 50% of their pulp coming from recycled paper, thus reducing the need for new trees to be used in cardboard creation.

Bushveld generates a majority of its revenue from producing vanadium, which is not a critical mineral for the energy transition.

Copper 360 is a South African copper mining company, a critical mineral for the energy transition.

Umeme Limited is an electrical utility in Uganda that generates revenue from expanding the grid, a key climate solution.

CIE is an electrical utility operating in the Ivory Coast. They do generate their own power and some is from fossil fuels, so we exclude them.

Metair is a South African provider of energy storage systems for homes and buildings, serving multiple markets.

Equatorial Energia is a Brazilian electricity distributor. Because it does not own any generation, we exclude them.

Ecopetrol is an energy company in Columbia that generates a majority of its revenue from oil. It also makes biodiesel and grid expansion, both climate solutions.

Afluente Transmissao is a Brazilian electrical distributor. Because it does not own any generation, we exclude it.

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.

COELCE is a Brazilian distributor of electricity. As they do not own any generation, we exclude them.

Enel Americas is a major electrical utility in Latin America. It fails our utility filter because it does not generate all of its electricity from carbon-free sources.

Pomifrutas is a Brazilian producer of apples a perennial crop.

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

Empresa Regional is a Peruvian electrical utility. Because it only owns transmission lines and not generation, we exclude them.

Ampla Energia is a Brazilian electricity distributor. Because it does not own any generation, we exclude them.

Empresa Distribuidora is an Argentinian electrical utility. They do not provide a breakdown of how much of their electricity is generated from clean sources, so we exclude them.

All Cosmos Bio-Tech sells fertilizers in Malaysia. We no longer consider fertilizers, even bio-organic ones, a climate solution, as they do not help prevent food waste, so we exclude them. Not to mention most of their fertilizers are for the palm oil industry, which is highly environmentally destructive.

Enel Distribucion Peru is a Peruvian distributor of electricity. Because it owns no generation, it does not meet our utility filters.

Molibdenos y Metales is a Chilean mining company. While it does produce molybdenum, a critical mineral for the climate transition, it also makes rheunium, which is not, so we exclude them.

Enel Distribucion is a Chilean electricity distributor. Because it does not own any generation, we exclude them.

Southern Peru Copper is a Peruvian copper mining company, a critical mineral, but it also mines many other minerals, including coal, meaning we do not include it.

Sociedad Transmisora is a Chilean electricity distributor. Because it does not own any generation, we exclude them.

Empresa Distribuidora is a Argentinian electricity distributor. Because it does not own any generation, we exclude them.

Compañia de Transporte is an Argentinian electrical grid maintenance and expansion company, a key climate solution.

Equatorial Maranhao is a Brazilian electricity distributor. Because it does not own any generation, we exclude them.

Wuhan Sanzhen is a water distribution and wastewater processing company in China, neither of which are climate solutions.

Zhongmin Energy is a Chinese developer of wind and solar projects. However, we only consider pure play developrs for this list and as Zhongmin also develops biomass projects, which we do not consider a climate solution, we exclude them from this list.

Tianjin Capital Environmental Protection Group is a sewage processing company in China. While important, processing wastewater is not a climate solution.

Chongqing Water Group is a water company in China that distributes tap water and processes wastewater, neither of which are climate solutions

Jiangxi Hongcheng is a Chinese water company that distributes tap water and performs waste water treatment, neither of which are climate solutions.

While Tongwei does provide silicon cells for solar production it generates a majority of its revenue from selling animal feed which is not a climate solution.

Canmax Technology makes a majority of its revenue from selling products for clean rooms and protective films for your phone. None are climate solutions.

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

Beijing Capital Eco-Environment Protection Group is a Chinese water distribution and wastewater company. As they do not offer products that reduce the energy used to distribute water and wastewater treatment is not a climate solution, we exclude them.

Wuhan Tianyuan Environmental Protection is a Chinese waste management company that generates a majority of its revenue from processing wastewater which, while important, is not a climate solution.

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

LingNan Eco&Culture-Tourism is a Chinese landscaping company that also offers eco-tours, neither of which is a climate solution.

Beijing Originwater generates over half of its revenue from processing waste water from cities and businesses. While important, waste water processing is not a climate solution.

CEC Environmental Protection is a Chinese water company that distributes water to businesses and then treats the waste water. As they do not make products that reduce the emissions from water transportation, we do not include them.

Hunan Zhongke Electric makes a range of electromagnetic devices that are used in steel manufacturing. While valuable, these devices do not necessarily lead to a reduction in emissions from making steel, so they are excluded for not being a climate solution.

Palm Eco-Town generates over 90% of its revenue from doing landscaping design for homes, apartments, and buildings. Landscaping is not a climate solution and is different than restoring land to a natural state.

Hunan Kaimeite is a Chinese supplier of various industrial gases. 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). They also distribute many other types of gases meaning a majority of their revenue comes from other products than climate solutions.

While Chengdu Xingrong does engage in distributing water, they do not make products the improve the energy efficiency of doing so and their waste to energy business represents a small part of their overall revenue

China Longyuan is an owner of multiple power plants. While they do generate a majority of their revenue from wind, they generate 25% from coal, thus failing our utility filter.

Beijing Orient Landscape generates a majority of its revenue from managing industrial waste. They do not report their methane capture nor their circular economy activities so we exclude them.