Global Climate Solution Stocks

Atlantic produces 70% of its power from fossil fuels, so it fails our utility filter. In 2021, it was acquired by I Squared Capital.

XPL is a mineral exploration company. While it does explore for some critical minerals, its main focus is gold which is not a mineral critical to the energy transition.

Whole Earth Brands makes plant-based consumer packaged goods, but it also makes flavored products used by the tobacco industry, thus failing the tobacco filter

QualTeck has a renewables infrastructure business, but this only accounts for 5% of its revenue, hence failing the revenue filter.

Ellomay is an electric utility that produces 62.9% of its power from gas and diesel oil, failing our utility filter.

Arcosa builds structural wind towers in the US and Mexico, but they also sell a range of products to the fossil fuel industry. Since Arcosa don ït provide a revenue breakdown between these segments, we exclude it for lack of sufficient information

PNM is an electric utility that generates 56.4% of its power from fossil fuels, including coal. It fails our utility and coal filters.

Constellation Energy is the largest owner of nuclear power plants in the US. While we generally do not consider utilities to be climate solutions, Constellation is engaged in developing new nuclear plants. But this does not constitute a majority of their revenue, so we do not yet include them.

IES services wind and solar energy projects, which promote these climate solutions. But it also services refineries. It ïs not clear which makes up a bigger portion of its revenue, so we exclude it for lacking sufficient information.

Vertiv helps improve grid flexibility, but it has customers in the oil and gas industry. It ïs not clear how much revenue they get from these customers.

Karat Packaging makes packaging with both traditional and bioplastics. It ïs not clear which makes up a bigger portion of its revenue, so we exclude it for lacking sufficient information.

ICF is a consulting company. But revenue from energy, environment and infrastructure accounts for a minority of its revenue, so they fail the revenue filter.

Core & Main sells smart meters and advanced metering technology that help reduce water loss through leak detection. But these account for only 8% of its revenue, so it fails the revenue filter.

PKX derives most of its revenue from steel, but they derive it from virgin materials, not recycled steel, so it fails our recycled metals filter.

General Motors makes some EVs but makes most of its revenue from traditional internal combustion vehicles. It fails our revenue filter.

Watsco is a large US-based retailer that contractors use for HVAC systems. They sold about 8.7 million HVAC units but only about 1.5 million were heat pumps or high efficiency ductless, so they do not pass our revenue filter.

Waste Management has methane capture systems at 144 out of 260 landfill in operations. Since it has methane capture systems at more than 50% of its landfill sites, Waste Management passes our landfill filter.

BorgWarner makes some solutions for EVs but makes a much larger portion of its revenue from traditional internal combustion vehicles. It fails our revenue filter.

Perma-Pipe makes water leak detection systems, but its application seems to be mostly in oil and gas pipelines, hazardous fluid and chemicals. A revenue breakdown between these application isn ït given.

China Recycling Energy conducts waste-to-energy operations, but uses gas from coal mining, oil exploitation, refining processing and other fossil fuels as a fuel source. It therefore fails our revenue filter.