Global Climate Solution Stocks

QBEN is a Swedish holding company that owns 20 construction firms focusing on different industries. One is electrical grids, but they do not cumulatively generate more than 50% of the firm's total revenue as of our 2025 review.

Adiss is a Romanian construction firm that generates some revenue from green energy projects, but most from traditional water treatment, which, while important, is not a climate solution.

AMS-OSRAM is an Austrian semiconductor and lighting firm. As of our 2025 review, they generate most of their revenue from semiconductors, so we exclude them.

Frey is a real estate developer in France that is admirably focused on making its buildings more sustainable. They are not included, however, as they are an implementer, not an enabler of climate solutions, as of our 2025 review.

S.C. Constructii Feroviare Craiova is a Romanian construction company that generates a portion of its revenue from electrifying rail lines, an important climate solution. Unfortunately they generate more of their revenue from other, non-climate solution activities, so we exclude them.

Gullberg & Jansson is a Swedish company that makes a variety of products for swimming pools. While they do make a heat pump for pools that enables pools to be heated with less energy, they generate more revenue from their other suite of non-climate solution products

LUG is a Polish lighting company that uses LEDs in a majority of its lighting products, enabling the production of the same light just with less energy.

OXE Marine is a Swedish manufacturer of diesel outrigger motors. While they do offer an electrical hybrid version, they still generate a majority of their revenue from the diesel version as of our 2025 review.

Hydro-Exploitations Societe is a French company that develops mini-hydro systems that can be placed in rivers to generate electricity without blocking them.

AB Electrolux makes a range of household appliances with only a small fraction coming from heat pumps, the climate solution as of our 2025 review.

Apator makes a range of electricity and water sensors and actuators that make it possible for building owners to remotely measure their utilities and take action based on those measurements thus increasing their energy efficiency.

DWK Deutsche Wasserkraft is a German utility that generates all of its power from hydropower, a carbon-free source of electricity.

Govena Lighting is a Polish electronics manufacturing firm. They do make LED lights, but they also make low voltage transformers and dimmers which are not climate solutions. They provide very little detail beyond this, so we exclude them as of our 2025 review.

Envropi is a Greek construction firm that does serve the hydropower industry, but generates most of its revenue from other industries like retail stores and buildings.

learned is a SPAC that talks about acquiring climate solution companies, but has not seemed to have done so as of our 2025 review.

Hopium is a French company that manufactures vehicles that run on hydrogen in France, a zero-tailpipe emissions fuel.

Inwido is the largest provider of contemporary, high performing windows in Europe that enable buildings there to maintain a more stable internal temperature with less energy.

Compagnie de Chemins is a historic railroad manufacturing company in France. While they do build passenger cars and electric trains, they also build many other elements of railroads and they do not break down their revenue by segment.

IRCE is an Italian cable manufacturing company that generates a majority of its revenue from cables used in electrification (like electric motors) and electricity transmission.

OMER is an Italian company that specializes in building parts for passenger trains like doors and air conditioning units, enabling the climate solution of mass transit.

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.

Incap Limited specializes in manufacturing insulators which are a key part of building out the electrical grid.

Sterling Powergensys is a renewable energy developer that is building a green hydrogen plant in India

Ujaas Energy specializes in selling solar panels in India, but it also generates revenue from selling electric scooters and power transformers for the electrical grid, all climate solutions.

DCH Cables and Wires specializes in building copper wires and cabling that enable the expansion of the grid and the electrification of everything.

Focus Lighting and Fixtures is an Indian pureplay seller of LEDs for a variety of purposes that enable the same light to come out with less energy.

Cospower Engineering specializes in harmonic filters and other elements that enable the grid to operate smoothly

Delta Autocorp specializes in manufacturing electric two and three wheeled vehicles in India, thus enabling more people in India to move on electricity than fossil fuels.

Diamond Power Infrastructure specializes in building products for the power grid from towers to substations, that enable the electricity grid to expand.

Baheti Recycling specializes in collecting and recycling aluminum in India so that it can be reused in new products, thus reducing the demand for virgin aluminum.

Sundram specializes in building fasteners like nuts and bolts. While these certainly have use cases in climate solutions, their products are so generic, we cannot discern how much revenue they generate from climate solution use-cases.

Kirloskar Industries owns 7 wind farms, but generates most of their revenue from refining iron and steel, which are not climate solutions.

EP Biocomposites makes some climate solutions like a bio-digester toilet, but it also makes doors. It does not provide a revenue breakdown, so we exclude them for lacking information.

Madhav Copper specializes in making copper connectors and like components that are needed in the grid and broader electrical system.

Schneider Electric Infrastructure specializes in providing products and services for expanding and maintaining the electrical grid, a key part of the electrification of everything.

Arrow Greentech generated some revenue from building biodegradable bags in India, but most from distributing security cameras, which are not a climate solution.

Websol Energy Systems is a pureplay manufacturer of solar systems in India, enabling the Indian grid to run more on sun and less on fossil fuels.

PAE Limited is a manufacturer and distributor of batteries that are largely for automotive and industrial uses, not energy storage.

Orient Green Power is an Indian pure play developer of wind farms, enabling the Indian electrical grid to run more on wind and less on fossil fuels.

Indo Borax generates most of its revenue from refining Boric acid which is not a climate solution and only a small amount from lithium which can be used in batteries.

Precision Wires India is a large manufacturer of wound wires that are used in a range of cables like those used in upgrading the electrical grid.

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

Tinci is a Chinese chemical manufacturer that a majority of its revenue from selling lithium for use in lithium ion batteries, a key climate solution.

Ningbo Ronbay is a Chinese supplier of cathode battery materials that are a key component in making batteries for EVs and energy storage.

Trina Solar is a Chinese solar cell manufacturer that makes multiple components that are used to construct solar panels as well as energy storage systems.

Wuxi Autowell specializes in making automated processes for the production of solar panels in China, thus helping drive down the costs of the solar supply chain and making solar more affordable to deploy around the world. They also sell machines to manufacture batteries (another climate solution) and generate some of their revenue from semiconductor manufacturing lines (not a climate solution)

Artech Solar is a Chinese manufacturer of solar tracking systems that help solar panels shift over the course of the day so they get optimal output as the sun moves across the sky. They also construct innovative mounting systems that can enable solar to be deployed in more places.

GoodWe is a Chinese manufacturer of solar inverters in China, a key part of building a solar farm that converts the solar energy into usable electricity. As of 2025, they also offer energy storage solutions that pair with their panels.

Pylon Technologies is a Chinese manufacturer of battery powered energy storage systems that enable renewable electricity to be stored and then deployed when needed. They offer products for both residential and industrial use.

Beijing SinoHytec is a Chinese pureplay manufacturer of fuel cell systems that can generate power by burning hydrogen, a fuel that releases no GHG emissions when burned.

Hangzhou First Applied Material specializes in films specifically for the solar industry that help protect solar panels from the elements, enabling them to last decades.

China National Nuclear Power Co is a Chinese developer, owner, and operator of nuclear power and clean energy projects in China, both zero-carbon sources of electricity that provide baseload power.

Jiangsu Haili is a Chinese pure-play manufacturer of wind turbines building each part of them from the base to the blades. They also specialize in constructing wind turbines and maintaining them.

Jinko Power is a Chinese manufacturer of solar panels. They also develops solar projects and offer industrial energy storage products.

LONGi Green Energy Technology is a Chinese manufacturer of solar panels that since our 2023 review has also added green hydrogen products to its offerings, another climate solution.

CECEP Wind-power is a Chinese pure play wind energy developer that builds, owns, and operates wind farms. As of our 2025 review, they also own a pumped hydro storage facility.

China Southern Power Grid Energy Storage Co owns a series of hydroelectric plants in China, many of which have pumped storage, and they also build and maintain extensive electricity power grids, a necessary piece of infrastructure for the electrification of everything.

Nuode New Materials makes copper foils that are a key component in lithium-ion batteries, an important climate solution.

CGN Power Co is a Chinese pureplay nuclear power company that builds and operates 16 nuclear power plants in China that generate electricity without carbon emissions.

Contemporary Amperex Technology (CAT) is perhaps the largest manufacturer of EV batteries in the world and as of our 2025 review, they also now work on battery recycling, another climate solution.

Zhejiang Provincial New Energy is a Chinese zero-carbon utility that derives all of its electricity from zero carbon sources like hydro, renewables, and hydrogen.

CNGR is a Chinese provider of multiple base ingredients for batteries that are used in EV's and Energy storage applications, both critical climate solutions. We have moved them from a "pure play" to passes our revenue filter as they also generate some revenue from non-climate solution battery applications, like smart phones.