Global Climate Solution Stocks

Browns Investments runs plantations and while it generates some revenue from generating biofuels and also has on-site solar, most of its revenue comes from its core businesses.

LOLC Holdings PLC generates most of its revenue from running plantations, with about 2% coming from generating biofuels from those plantations' waste products, so we exclude them.

While Tokyo Cement Company (Lanka) PLC is notable for working on a lower carbon cement product, this seems to still be in the pilot phase with their core business being traditional Portland cement.

Bogala Graphite Lanka PLC generates a majority of its revenue from processing graphite, which is a critical mineral in many clean energy applications.

AgStar PLC serves the agriculture industry selling inputs like fertilizer. While it does seem to offer some irrigation efficiency products, they do not break these out in their financials, so we exclude them.

LVL Energy Fund PLC is a Colombo-based utility operating hydro, wind, solar and thermal plants across Sri Lanka, Nepal and Bangladesh; based on the company audited FY 2024/25 generation table, roughly 24.45% of its electricity was zero-carbon (hydro/wind/solar), well below a >50% threshold.

Vidullanka PLC is a Sri Lanka‑based renewable power generator with operations in Sri Lanka and Uganda; company filings report an approximately 99% zero‑carbon generation mix in FY 2024/25 (hydro ~73%, solar ~12%, dendro/biomass ~14%). They are not a pureplay because we do not consider biomass a climate solution.

While Brown and Company PLC does generate some revenue from energy storage solution, this seems to be a small part of its overall business.

Lotus Hydro Power PLC is a Sri Lanka-focused mini-hydro generator; based on company annual reports for FY 2023/24 and FY2024/25 the group's reported electricity output in those periods was entirely from hydro, implying a ~100% zero-carbon generation share for the reported generation.

Resus Energy PLC is a Sri Lankan renewable-focused utility operating an approximately 30 MW portfolio of small hydro and solar plants; company filings show fully-owned generation in FY 2023/24 of 46.4 GWh hydro and 13.3 GWh solar (59.7 GWh total), implying essentially 100% zero-carbon generation from its owned assets.

LAUGFS Power PLC is a Colombo‑based Sri Lankan utility operating solar and mini‑hydro assets; its FY2023/24 reported generation was 100% zero‑carbon (39.52 GWh solar; 5.36 GWh hydro), indicating it passes the >50% zero‑carbon threshold.

Panasian Power PLC is a Sri Lanka-based utility operating hydro and solar plants; company filings report all electricity generation as hydro + solar (clean generation ~56.9–58.4 GWh in 2024/2024–25), implying essentially 100% zero-carbon generation with hydro contributing ~63.7% of reported clean output.

WindForce PLC is a Colombo-based independent power producer operating solar, wind and hydropower assets across Sri Lanka, Pakistan, Uganda and Ukraine; company filings report a 100% zero-carbon generation mix in FY 2024/25 (wind 18%, solar 39%, hydro 43%).

Vallibel Power Erathna PLC is a Sri Lankan utility operating three mini hydropower plants (~21.8 MW total); company filings report generation as entirely hydropower, implying an effectively 100% zero-carbon generation share for the most recent reported periods (FY2023/24–FY2024/25).

Greentech Energy PLC generates a majority of its revenue from building solar farms, hydro plants, and geothermal, all climate solutions.

Ceylon Grain Elevators PLC does help prevent food waste from its grain storage products, but this is a small part of its revenue.

Hayleys PLC is involved in a bunch of different industries including solar, EVs, and hydropower, but these only make up about 17% of its revenue.

John Keells Holdings runs grocery stores. While they have announced a partnership with BYD to bring in more electric cars and chargers, they do not disclose how much revenue they are making from this.

Sierra Cables PLC lists MV/HV and XLPE power transmission and distribution products and cites Ceylon Electricity Board tenders and project markets as major revenue sources, but its filings and product literature do not disclose a numeric revenue split between grid-focused and low-voltage/telecom lines, so it is unclear whether grid-related products exceed 50% of revenue.

ACL Cables PLC manufactures MV/HV conductors (including a 33kV covered conductor) and a broad range of low-voltage building-wire and consumer electrical accessories; filings note a major utility customer (Ceylon Electricity Board >20%) and that cables manufacturing makes up most group sales, but the company does not disclose a revenue split to show >50% of revenues are grid-related.