Global Climate Solution Stocks

While United Finance PLC. does generate some revenue from microgrid and other "green financing" this is only 13% of their loan book, so we exclude them.

While Dutch-Bangla Bank PLC. does generate some revenue from providing loans for offgrid solar and battery systems, they do not disclose how much of their annual revenue is from these loans vs. their other loan activities

S. S. Steel Limited is a Bangladesh-based steel producer that does not disclose what % of their steel comes from recycled sources, so we exclude them.

BSRM Steels Limited does disclose any numbers about the percentage of their feedstock that is recycled, so we exclude them.

Bangladesh Thai Aluminium Limited do not show any disclosed use of recycled feedstock for their aluminum.

Rangpur Foundry did not report any recycled inputs for their steel production, so we exclude them.

While RAK Ceramics (Bangladesh) Limited does offer a recycled tile business line, this seems to be a very small portion of their overall business with most sales coming from virgin tiles.

While Square Textiles PLC. does own a PCW plant which crushes waste fabric so the fibers can be reused, this seems to be a modest source of their inputs and they do not disclose revenue numbers for it.

While Lub-rref (Bangladesh) Limited does generate some revenue from recycling oils, it also makes a lot of virgin oils (many of which are for ICE engines). They do not distinguish how much of their business is from recycled oils, so we exclude them for lack of information

While Bank Asia PLC. generates revenue from a number of climate-related loan activities (solar, biogas, and waste to energy), they do not specifically isolate these in their financials, so we cannot discern whether these make up more than 50% of their revenue.

While Rupali Bank PLC. does generate some revenue from distributed solar pv, they do not disclose the specific dollar amounts and they also generate revenue from non‑climate‑solution activities, so we exclude them for Lacks Information.

While United Commercial Bank PLC does maintain a solar and sustainable finance portfolio, they do not disclose how much revenue they make from this portion of their business so we exclude them for lack of information.

While BRAC Bank PLC. does generate some revenue from loans renewable energy, they do not disclose the specific dollar amounts and they also generate revenue from non‑climate‑solution activities, so we exclude them for Lacks Information.

While Trust Bank PLC. has specific loan products for solar and biogas, both climate solutions, they also generate revenue from traditional banking. They do not provide a revenue breakdown, so we exclude them for Lacks Information.

While Energypac Power Generation PLC does generate some revenue from multiple clean energy sources like solar, they also generate revenue from non-clean fuels like diesel. They do not break down their revenue from each, so we exclude them.

National Polymer is a piping company that we looked at to see what kinds of water efficiency products they offer. They really just do pipes, so we exclude them.

While Phoenix Finance & Investments Limited does generate some revenue from financing "energy generating equipment" they do not disclose if those are solar farms or fossil fuel powered plants, so we exclude them.

Green Delta is a Bangladesh-based non-life insurer whose 2024 revenue is almost entirely insurance premium income (net premium mix: Fire 28%, Marine 48%, Motor 6%, Miscellaneous 18%); the company notes development of climate-resilience products such as agricultural/flood insurance but does not quantify revenues from those offerings.

Aziz Pipes is a piping company that we looked at to see what kinds of water efficiency products they offer. They really just do pipes, so we exclude them.

National Credit and Commerce Bank PLC.'s audited annual reports show revenue is generated from conventional banking activities, not financing climate solutions.