Global Climate Solution Stocks

Crescent is a Belgian tech firm that offers some products for LEDs and energy-efficient lighting, but generates more revenue from generic IoT products.

CM Green Energy Fund claims to be a renewable energy developer in Hungary but it has no online way of verifying this, which again is true in 2025.

Monbat is a Bulgarian battery manufacturer that makes batteries for EV and energy storage applications and produces their lead acid batteries from recycled batteries, enabling a more circular economy.

While Industrial Holding Bulgaria does generate some revenue from ship reconstruction, a form of recycling, it generates most of its revenue from traditional ship maintenance activities, which are not climate solutions.

It is no surprise that Oil and Gas Exploration and Production generates more of their revenue from well, that, then geothermal, so we exclude them.

AmonRa Energy provides solar systems with batteries for customers in Romania and beyond

Smart Organic is a Bulgarian provider of organic food, snacks, and raw ingredients. While many of their products are plant-based, they do not specialize in offering products that can directly replace animal-based foods, so we exclude them.

EMKA is a Bulgarian cable manufacturer. While they do generate cables used in the electrical grid, they also generate a wide variety of other cables and they do not provide a revenue breakdown.

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.

Rodina Capital purported to engage in the renewable energy field, but we could find no evidence of this in their financial statements and online materials, so we exclude them as of our 2025 review.

Sin Cars is a Bulgarian car manufacturer that generates more revenue from selling their high-end ICE sports car than their electric-powered trucks, so we exclude them as of our 2025 review.

Elhim Iskra is a Bulgarian battery manufacturer that focuses on automobile starter batteries instead of energy storage batteries.

Premier Energy is a Cypriot based electrical utility that generates a majority of its power from solar and wind.

Blue Island is a Cypriot aquaculture company. We could not find any detailed information on if they are implementing practices to reduce resource consumption, so we exclude them.

Vassiliko Cement Works Public Company is a Cypriot company that generates a majority of its revenue from traditional cement manufacturing and a minority from developing solar farms, so we exclude them.

Firering Strategic Minerals is a Cypriot company that owns multiple mines in Africa. While it does explore for some critical minerals like lithium, it generates more revenue from other minerals like limestone, so we exclude them.

E4U is a Czech solar developer that seems to have not developed a project since 2010, owning two power projects.

CEZ is a Czech electrical utility that generates its power from fossil fuels, so we exclude them.

BayWa generated about 24% of their revenue from developing and owning wind and solar farms in Europe with most of their revenue coming from their other business segments like agriculture and traditional energy as of our 2025 review.

Siemens is a large conglomerate with headquarters in Germany. As of our 2025 review, they generated about 43% from their building automation and mobility businesses (trains) but the rest is from non-climate solutions, so we exclude them.