Global Climate Solution Stocks

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.

Masterplast is a Hungarian provider of insulation, a key climate solution so buildings can stay at a stable temperature with less energy.

Steico specializes and makes over 50% of their revenue from offering insulation made with low-value scrap lumber, thus enabling two climate solutions: Industrial Recycling and Insulation

Elektrotim is a electrical grid construction company that operates in Poland, helping the Polish grid move one step closer to the electrification of everything.

Lyckegard is a Swedish producer of agricultural equipment. While they do make some for water distribution and efficiency, they also generate revenue from tillers and weeding machines and we could not find a breakdown.

Ennogie Solar is a Danish provider of rooftop solar systems for residences and businesses.

Mayr-Melnhof Karton is an Austrian producer of kraft paper that produces some but not a majority of its products from recycled materials so we exclude them as of our 2025 review.

Kingspan Group is an Irish producer of high quality insulation materials for buildings that helps them use less energy to maintain a stable internal temperature.

While Centric Holdings does engage in the renewable energy industry in Greece, its main business is onboard entertainment at hotels and on yachts in Greece, which is not a climate solution.

Glaston is a Finnish company that builds manufacturing lines that enable manufacturers around the world to build high performance glass and windows.

Renewable Ventures Nordic is a Swedish VC fund that seeks to invest in early stage renewables companies. While admirable, they are not a direct climate solution themselves, so we do not include them.

Zumtobel is an Austrian high-end lighting company that uses LEDs, meaning their products can produce the same or better light for less energy. They also provide lighting automation and management solutions that can further enhance energy efficiency.

Philomaxcap is a German firm that is involved in many industries. While they do generate some revenue from renewable energy, they generate far more from real estate management and communications.

Romcab is a Romanian producer of cables, but the majority are used for low-voltage electrical uses like home electronics rather than grid expansion.

Romradiatoare is a Romanian manufacturer of heat exchangers. While some are used in heat pumps, others are used in automotive and general industrial applications and they do not provide a breakdown of each, so we exclude them as of our 2025 review.

Smart Grids is a German company that purports to specialize in solar and smart grids, but they have no revenue we can find and their last annual report was in 2022, so we will exclude them as of our 2025 review.

DB Energy is a Polish energy efficiency auditor and solutions provider that helps heavy industrial applications find capital efficient ways to reduce their energy usage by replacing outdated technologies.

Gaussin specializes in manufacturing electric versions of industrial vehicles like those that operate in ports and haul pallets.

Lilium is a Germany company developing electric vertical takeoff and landing aircraft that can help transport people through the air without fossil fuels.

Tenax is an Italian producer of electric street sweepers, enabling the electrification of an often overlooked type of vehicle.

Dizon Copper-Silver mines has not started extracting minerals, so we do not know their breakdown of revenue

Licogi 14 is a construction company in Vietnam that does construct hydropower projects, but generates most of its revenue from other public works like roadways.

Licogi 14 is a construction company in Vietnam that does construct hydropower projects, but generates most of its revenue from other public works like roadways.

Zixin specializes in providing sweet potato packaged snacks like potato sticks. While these are plant-based foods, they do not directly replace animal-based products, so we exclude them

Khanh Hoa Power is a Vietnamese utility that generates its power from hydropower, a carbon-free source

St. Augustine extracts copper, but generates most of its revenue from non-critical minerals like gold and silver.

Construction and Investment is a construction company in Vietnam that does construct hydropower projects, but generates most of its revenue from other public works like roadways.

IDI International is a fish production company. They generate more of their revenue from producing feed and fish meal however, which are not directly related to improved fisheries, so we exclude them for now.

Ha Giang Mineral seems to only produce purified antimony which is not listed as a critical mineral for the energy transition.

Philex Mining extracts copper, but generates most of its revenue from non-critical minerals like gold and silver.

Atlantis Subsea Indonesia provides underwater services for the wind industry, but generates the majority of their revenue from providing such services to the oil and gas industry.

Gelex Electricity is a Vietnamese producer of a variety of products from wiring to transformers that are used to expand the electrical grid.

GPP Resources generates most of their revenue from providing biogas and biomass reactors for palm oil farms in SE Asia. We do not consider biomass a climate solution and they do not breakdown their revenue from each category, so we exclude them.

Make To Win is a Thai manufacturer that generated 89% of its revenue from selling electric motorcycles.

Thai Agro Energy makes ethanol based biofuels. We do not consider ethanol biofuels to be a climate solution unless they are derived from waste products.

Asiamet Resources is an Indonesian mining company that generates most of its revenue from extracting critical minerals like copper and zinc.

Light Up Total Solutions is a Thai provider of LED lights that enable users in Thailand to get the same light with far less electricity.

Swift Energy is a relatively new public company. They make process and control systems for a number of industries including both oil and gas and renewables. They do not provide an industry breakdown (yet), so we exclude them for now.

MAG Holdings owns two Malaysian shrimp farms. They say they are in process of installing floating solar panels on their farms, so the farms would not need to run on diesel generators. When this happens, we will include them.

Manila Mining Corporation explores for a critical mineral, copper, but generates most of its revenue from gold and silver which are not critical minerals.

Zeal Aqua is a shrimp aquaculture company in India. As of our 2025 review, it seems like they no longer have an online presence, so we exclude them for now.

Tinna Rubber generates its revenue from recycling old tires into new ones along with a variety of other products, thus reducing the demand for virgin materials.

Panasonic Energy India distributes a variety of batteries for household use like coin batteries and rechargeable batteries. They do not generate much revenue from energy storage, so we exclude them

Elin Electronics specializes in electric motors, but unfortunately they are for household use in things like mixers and blenders, not in electric cars.

Dynamic Cables is an Indian manufacturer of electrical cables that are primarily used in expanding the electrical grid.

Veto Switchgears makes a variety of electronic devices. Some are climate solutions like LED lighting and products for the electrical grid, but others are not like fans and light switches. They do not provide a revenue breakdown of each, so we exclude them.

Surana Solar is an Indian manufacturer and distributor of a variety of solar products from panels to solar-powered garden lights.

Rasi Electrodes provides a variety of products used in welding. We wanted to explore to see if they participated in arc smelting for steel manufacturing, but they do not.

Sagardeep Alloys is a refiner of multiple finished metal products from copper, brass, and steel. They do not provide a breakdown of revenues by segment in their financials, so we exclude them for now.

Modison specializes in manufacturing electrical components that are used in constructing transformers and other major large pieces of equipment for the grid.

D.P. Wires is an Indian wiring manufacturer that makes some wires for expanding the electrical grid, but generates most of its revenue from the oil and gas industry.

Advance Metering Technology generated 36% of its revenue from selling wind power, but the rest from selling traditional energy meters and services which are not climate solutions.

AJR Infra and Tolling is an Indian contractor that generates some revenue from hydropower, but a majority from building and managing roadways, which is not a climate solution.

Mahindra EPC sells a range of advanced drip irrigation products that enable farmers to be far more precise with their water applications, getting them the same results with less water.

SJVN owns multiple power plants in India. While they do own a number of solar and wind farms, they generate the vast majority of their electricity from coal, so we exclude them.

Shilchar Technologies is an Indian firm that specializes in building electrical transformers that are a key component for the electrical grid.

Bright Solar Limited specializes in manufacturing and distributing solar powered pumps in India that enables people and businesses in India to move water without needing to burn fossil fuels.

Siemens Limited is the Indian branch of Siemens. While they generated 36% of their revenue from smart infrastructure, this was the only climate solution they are engaged in, so we exclude them.

Reliance Infrastructure owns multiple power plants in India. While they do own a wind plant, the vast majority of their power comes from natural gas, so we exclude them.

NTPC Limited is an Indian owner of electrical plants that generates a majority of its power from fossil fuels, so we exclude them

TotalEnergies is a Senegalese company that offers fuel, gas, and solar lamps. We dug into them for the latter, but they generate most of their revenue from fossil fuels, so we exclude them.

Societe Tunisienne de Verreries is a Tunisian manufacturer of glass bottles. While high performance glass windows are a climate solution as they help better insulate buildings, glass bottles are not.

Multiverse Minerals is a Nigerian mining company that does extract some minerals critical for the energy transition, but generates most of its revenue from other minerals like gold.

CEC African Investment invests into many power plants in Africa. They have not updated their materials since 2021, so we cannot accurately determine their mix of zero carbon vs. fossil fuel generated electricity.

The Egyptian Company for Construction Development generates some of its revenue from building electrical transmission lines (a climate solution) but a majority from building and maintaining desalination plants, an important service, but not a climate solution

Auto Nejma Maroc is a Moroccan provider of heavy duty vehicles. They are all ICE vehicles and offer no electrified alternatives.

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.

Transcorp Power is a Nigerian electricity provider. They provide their electricity from a gas plant, so we exclude them

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

Gadwa for Industrial Development is an Egyptian company owned by AMG, a Saudi Arabian Conglomerate. They report to make cables but show no information on whether they are high-voltage electrical cables for the grid or low-voltage for electronics or residential use, so we exclude them for lacking information.

Travaux Généraux de Construction de Casablanca is a Moroccan general construction company. While they have done some work on solar systems, the vast majority of their revenue comes from traditional construction activities.

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

John Holt is a Nigerian company that generates a majority of its revenue from distributing power generation systems that are almost all diesel generators. They also generate revenue from boats and firefighting equipment, neither of which are climate solutions.

One Tech Holdings is a Tunisian electronics conglomerate. While they do make some products for the electrical grid, the majority of their revenue comes from traditional electronics manufacturing like circuit boards.

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.

While African Rainbow 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.

KenGen is a Kenyan utility that sources 86% of its electricity from zero carbon sources like hydro, geothermal, and wind.

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.

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

ForRich is a Jamaican lighting and electrical services company. They provide energy efficient lighting, solar systems, and grid connection services to businesses in Jamaica, thus enabling more processes to run on electricity instead of fossil fuels

Salmones Camanchaca is a Chilean provider of farmed salmon. They track the efficiency of their fisheries to improve energy usage and reduce climate impacts, enabling them to make more protein with fewer resources.

Grupo Energia Bogota is a Columbian electrical utility that does not publish their electrical generation mix, so we exclude them

ISA Energia Brasil specializes in building high transmission power line projects that expand the electrical grid, an important-precursor to the electrification of everything

Equatorial Pará Distribuidora de Energia is a Brazilian utility that does not disclose their full electricity generation mix, so we exclude them

Wetzel is a Brazilian provider of Industrial LEDs as well as automotive parts and materials for low-voltage electrical installations. They do not disclose how much of their revenue they make from their LED business in their investor relations, so we exclude them

Conciviles is a Colombian construction company. While they do help build electrical transmission systems, an important climate solution, they generate more of their revenue from constructing roads and buildings.

Enel Generacion Piura is a Peruvian electric utility that generates most of its electricity from thermal sources, so we exclude them

Enel Generación Chile is a Chilean utility that generates almost 40% of its power from thermal sources, so we exclude them

Light is a Brazilian utility that generates all of its electricity from renewable assets

Monteiro Aranha is a Brazilian conglomerate involved in the paper, petrochemical, and real estate industries. While they do make some revenue from recycling paper, it is much less than half.

Companie de Electricidad de Tulua is a Columbian utility that generates power from multiple sources, including thermal. We could not find any publication of the exact mix of their sources however, so we exclude them

Natluk is an Ecuadorian company that provides wild and farm-raised shrimp. While more efficient fisheries are a climate solution, we could find no indication that Natluk was instituting any practices that would achieve this

COPEL is a Brazilian utility that generates 100% of its electricity from zero-carbon sources like hydro, solar, and wind

Irani is a large Brazilian paper and cardboard company. While they do seek to source their paper from sustainably managed forests, scaling paper and cardboard production will not mitigate climate change. They do generate some revenue from recycling, but it is a small amount, so we exclude them

Klabin is a large Brazilian paper and cardboard company. While we commend them for their efforts in sustainable forest management, the only climate solution they participate in directly is recycling, which makes up less than half of their revenue

Tecnoglass is a Columbian company that generates all of its revenue from providing high performance glass for buildings that enable them to keep a stable internal temperature with less energy

Rumo is a large Brazilian rail freight shipping company. They neither participate in passenger trains (mass transit) not seem to be investing in electrifying their train fleet, so we exclude them

Blumar is a Chilean provider of farm raised salmon. While making aquaculture more efficient is an important climate solution, we could not find any evidence that Blumar was investing in any activities beyond industry standard.

Ambipar is a Brazilian conglomerate that does emergency response, waste management, and risk planning. They do not generate a majority of their revenue from waste management with methane capture, so we exclude them

As of 2025, Guangdong Jiayan specializes in making thin copper foils that are used in lithium ion batteries for the EV and energy storage supply chains.

Yingkou Jinchen is a solar manufacturing company in China that specializes in various parts of the solar manufacturing process that help make solar panels robust and able to operate in the field for decades. In our 2025 review, we note they also have expanded into hydrogen electrolyzer production, another key climate solution.

As of 2025, Flat Glass Group is a Chinese manufacturer of various types of glass including glass for solar panels, dynamic glass that will dim when exposed to the sun, and high-performance glass that helps keep buildings insulated, all important climate solutions.

China Yangtze Power Co owns, operates, and invests in hydropower projects in China and around the world. Their projects generate electricity without burning fossil fuels. They also have biodigester plants that capture methane and turn it into electricity.

Ming Yang Smart Energy Group produces wind turbines and solar panels, and as of our 2025 review, they also have innovated in aquaculture, adding fish rearing into their wind turbines.

NYOCOR is a Chinese developer of solar and wind projects for the domestic market, thus helping more of China run on zero-carbon energy. Since we first evaluated in 2023, they have also expanded into energy storage, another key climate solution.

As of 2025, Huaneng Lancang River Hydropower is a Chinese developer of hydropower projects, an important source of zero-carbon energy. It also develops wind and solar projects.

NARI is a Chinese provider of smart grid technologies that enable the electrical grid to handle and distribute electricity with greater efficiency. They also make some of their revenue from automation and monitoring technologies for other industries

Shenzhen SC New Energy Technology builds the machines that enable nearly 300 solar cell manufacturers to run around the world.

Ginlong is a Chinese manufacturer that makes all of its revenue from electricity inverters that are used to transform power captured by solar panels into usable electricity for the power grid.

Windey Energy generates its revenue from manufacturing wind turbines while also developing their own wind projects and energy storage projects as well as software built for the wind energy industry.

Suzhou Maxwell is a Chinese company that specializes in building solar cells and other components that are used in solar panels. They also make machines for the semiconductor industry.

Again in 2025, Shenzhen Senior Technology generates a majority of its revenue from building and manufacturing components for lithium-ion batteries, an important climate solution.

Kedali is a Chinese manufacturer of batteries and auto-parts. While they do sell auto-parts for traditional ICE cars, they generate a majority of their revenue from EV parts, and as of 2025, specifically batteries.

LEAD specializes in automated manufacturing processes and, in 2025, continues to generate a majority of their revenue from manufacturing parts, components, and processes for the EV and solar industries.

Capchem is a Chinese chemical company that makes over two thirds of its revenue from selling chemicals that are used in lithium ion batteries, a key climate solution.

Eve Energy is a Chinese manufacturer of lithium batteries that are used for both energy storage and powering of devices that enable the automation of buildings and smart meters to more efficiently use electricity. They also make lithium ion batteries for consumer use, which is not necessarily a climate solution.

As in 2023, in 2025, China Southern Power Grid Energy Efficiency generates a majority of its revenue from identifying areas that electricity users could be more energy efficient. Identifying and fixing such opportunities is an important climate solution as demand for electricity grows, it must be used as efficiently as possible.

Wuhan Sanzhen is a water distribution and wastewater processing company in China, neither of which are climate solutions. They make a majority of their revenue from providing tap water and they do not report any water conservation strategies beyond industry standard.

Landscaping is not a climate solution and is different than restoring land to a natural state and Palm Eco-Town generates over 90% of its revenue from doing landscaping design for homes, apartments, and buildings.