Global Climate Solution Stocks
2023 List

Pierer Mobility is an Austrian motorcycle and e-bike company owning multiple brands. While their e-bike segment is growing, it still represents a small part of their overall revenue.

Kostad is an Austrian holding company that owns an electric vehicle charging company.

Wolftank-Adisa makes some of its revenue from renewable natural gas, but more from fossil-fuel-based natural gas as well as other products like concrete.

Andritz is an Austrian company that makes products and services for hydropower plants. But it generates more revenue from its pulp and metalworking businesses so we exclude 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.

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.

Verbund is the largest electricity provider in Austria with it's electricity coming from zero carbon sources like hydropower.

Cleen Energy, based out of Austria, specializes in offering renewable energy services.

Biotalys makes innovative protein-specific crop protection products for agriculture. It also is planning to make products that extend the shelf life of produce, thus reducing food waste, but that has not launched yet.

Cenergy Holdings makes high transmission cables and steel pipes with a majority of their revenue coming from the electricity cables that are needed to expand the grid.

Deceuninck is a Belgian producer of high quality windows that significantly reduce the energy needed to keep a building at a stable internal temperature. A high amount of their windows are also from recycled sources.

Etex is a Belgian construction supply company that makes insulation products but provides no clear breakdown of much revenue they generate from them.

Infrabel is a Belgian train logistics company that primarily focuses on rail freight rather than passenger movement so we exclude them.

SNCB SA is the national railway of Belgium, deriving 100% of its revenue from mass transit of passengers, a Drawdown Solution.

Umicore is a metals recycling business in Belgium that has developed a number of innovative processes to extract metals out of waste products like electronics and batteries so they can be reused again.

Monbat is a Bulgarian battery manufacturer that makes batteries for EV and energy storage applications as well as recycles batteries.

CM Green Energy Fund claims to be a renewable energy developer in Hungary but it has no online way of verifying this.

2G Energy AG makes combined heat and power generators with a range of inputs, including hydrogen and biogas. But generators for these two fuel sources only made up ~20% of their overall revenue in 2022, falling short of the 50% threshold.

EnviTec Biogas makes biogas technologies for use primarily in agriculture. Their technologies process animal and other agricultural waste into usable natural gas replacements.

AHT Syngas is a pure play biomass developer, but we no longer consider biomass a climate solution as the emissions from burning lumber has been far higher than previously estimated.