Global Climate Solution Stocks
2023 List

While Shumba Energy in Botswana does engage in renewable energy development, it generates a majority of its revenue from coal mining.

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.

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.

SICABLE is an Ivorian manufacturer of electrical cables that help enable the expansion of the grid in and around the Ivory Coast.

El Sewedy Electric is an Egyptian manufacturing firm that builds wires and other equipment needed for expanding the electrical grid in Sweden. They also build renewable energy projects like solar and wind.

Electro Cable Egypt makes cables, most of which are used in the electrical system for expanding the grid, a precursor for electrifying everything.

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

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.

Kakuzi is an avocado grower based in Kenya. While they do also grow macadamia nuts which we would include, avocados are more strongly linked to deforestation so we exclude them.

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.

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.

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.

Marula is a Kenyan mining company. While it mines for many critical minerals like lithium, it does not only mine for critical minerals, 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.

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.

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.

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.

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.

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.

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.