Global Climate Solution Stocks

While Exxaro Resources does operate two wind farms in South Africa, it generates a majority of its revenue from extracting coal.

While Wesizwe Platinum does explore for some critical minerals like copper and cobalt, it generates a majority of its revenue from precious minerals like platinum and gold

While Sail Mining Group does explore for some critical minerals like copper and cobalt, it generates a majority of its revenue from precious minerals like platinum and gold

Aveng Limited is a South African construction firm. While they do engage in a few climate solution areas like rail and electrical grids, they generate a majority of their revenue from non-climate solution construction like buildings and roadways.

Sappi Limited is a South African paper and cardboard manufacturer. While they do integrate recycled pulp into their process it is less than 50%, leading to us to exclude them

While Gold Fields Limited does explore for some critical minerals like copper, it generates a majority of its revenue from, well Gold, which is not a critical mineral for the energy transition.

Metal Fabricators of Zambia generates most of its revenue from making copper wires for transmitting power, enabling the expansion of the electrical grid.

Copperbelt Energy is a Zambian utility that largely serves the mining business. While it does have a solar and biodiesel plant, it generates the majority of its power from thermal sources like coal and gas, leading us to exclude them

Masimba Holdings is an engineering company that works on a wide variety of projects in Zimbabwe. While they do work on mass transit and electricity transmission projects, this continues to represents a small fraction of their revenue in 2025.

Amalgamated Regional is an investor-owned conglomerate in Zimbabwe. They do own a battery business, but it serves mainly automotive businesses. They do sell some solar systems, but this seems to be a small portion of their revenue.

CAFCA is a Zimbabwe-based company that makes a variety of cables with a majority of their revenue coming from cables used for electricity transmission, a key precursor for the electrification of everything and the switch away from fossil fuels.

While RioZim does explore for some critical minerals like copper, it generates a majority of its revenue from gold, which is not a critical mineral for the energy transition.