10000

Customers

EnerSys has 10,000+ customers in over 100 countries

99%

Battery Recycling

EnerSys recycles 99% of its lead-acid batteries

1

Market Share

#1 worldwide market share in batteries for electric forklifts and other commercial vehicles

View Our Analysis

The Path to Drawdown: Batteries for Electric Vehicles

The first electric vehicle (EV) prototype was built in the early 1800s, but internal combustion engines dominated the automotive and transport landscape ever since because of EVs’ inability to overcome the challenge of building a lightweight, durable battery with adequate range.

Today, that picture is changing. Thanks to supportive policies and declining costs, there are millions of EVs on the road. The difference in their climate impact is remarkable. Compared to internal combustion engine vehicles, emissions drop by 50% if an EV’s power comes from the conventional power grid. If powered by solar energy, emissions are cut by 95%. Once households purchase EVs, costs to operate and maintain those cars are often cheaper than gas-based cars, too.

What used to be an obstacle for EVs -- the question of how far the car can travel on a single charge -- is now much less of a concern. The average range of an EV produced in 2020 is about 217.5 miles, up from 124 miles in 2015.

What’s making this increase in mileage possible is the progress in battery technology and growth in battery production capacity. The cost of batteries is falling fast as a result. The cost of lithium-ion batteries in particular -- the key technology for electrifying transport -- has declined sharply in recent years after having been developed for widespread use in consumer electronics.

But battery production needs to continue scaling massively to keep up with the electrification of transport. According to the IEA:

  • <::marker> Global manufacturing operations produced 170 GWh of batteries in 2020
  • <::marker> ~3,000 GWh battery production capacity is needed by 2030 to achieve long-term sustainability goals
  • <::marker> That’s CAGR of 33.25%

What We Want to See Improve

Focus More on Drawdown Solutions

A substantial minority of EnerSys’s revenue comes from non-Drawdown solutions, such as sales of products to the telecommunications industry and UPS. While these are important segments, supporting the electrification of transportation and enhancing the power grid are more pressing issues. We would like to see EnerSys massively increase its energy storage products for the EV market and utilities to make it easier to integrate renewable energy. 

Set Clear Targets

EnerSys has a climate change policy that was updated in July 2021, in which the company expresses its commitment to reducing its own energy intensity and GHG emissions in its operations. But it stops short of revealing precise emissions metrics or setting concrete emissions reduction targets. EnerSys is in the process (p. 21) of establishing measurements & improvement targets in ESG areas. We urge them to include emissions metrics and targets to reduce them within a specific timeframe.

Enhance Supply Chain Transparency

EnerSys purchases the primary raw materials it uses from a number of suppliers around the world (p. 8). We commend EnerSys for holding its suppliers to the same environmental and climate change policy that it itself adheres to. That said, there is no information on who these suppliers are, what EnerSys’s scope 3 emissions are, and whether they are persuading suppliers to reduce emissions. We urge EnerSys to be explicit about emissions metrics in its supply chain and to push its partners to cut their carbon footprint within the near future.

Related Excluded Stocks in the Climate Index

View All Climate Index Stocks →

Allocated Company Description

-

Abbvie (ABBV)

Abbvie makes less than 50% of its revenue from contraceptives, thus failing the contraceptives filter.

-

Arcosa (ACA)

Arcosa services wind farms and utilities to improve grid flexibility. It however makes more revenue from its storage, transportation, and construction products that serve the fossil fuel industry.

-

AECOM (ACM)

AECOM helps clients achieve net zero emissions in their buildings among other pro-climate projects, but it also works with many oil and gas companies. It is unclear what makes up a majority of its revenue.

-

Ameren (AEE)

Ameren did not provide complete enough power generation info to determine if they pass or fail the utility filter

-

Advanced Energy Industries (AEIS)

Advanced Energy Industries, sold their renewables business and therefore no longer produces a Drawdown solution

-

Argan (AGX)

Argan has a gas fired plant as well as providing services for other Drawdown solutions. It is unclear which it derives more revenue from.

-

Albemarle (ALB)

Albemarle produces lithium compounds promoting energy storage, a Drawdown solution. It however makes more of its revenue from other compounds like bromine that have end-markets in the fossil fuel industry due to applications, such as oil and gas well drilling and completion fluids.

-

ALLETE (ALE)

Allete did not provide complete enough power generation info to determine if they pass or fail the utility filter

-

Aemetis (AMTX)

Less than 50% of Aemetis' biofuel production is advanced biofuel, leading it to fail the biofuel filter

-

A. O. Smith (AOS)

A. O. Smith sells solar water heaters as well as gas water heaters. They provide no breakdown to see which they generate more revenue from

-

American Electric Power (AEP)

American Electric Power produces 73% of its power from fossil fuels, 17% from renewable sources, 7% from nuclear, and 3% from energy efficiency.

-

Atlantic Power (AT)

Atlantic produces 70% of its power from fossil fuels, 20% from non fossil fuel combustion, and 10% from renewables.

-

Avista (AVA)

Avista produces 55% of its power from renewables, 43% from fossil fuels, and 2% from non fossil fuel combustion. While it passes the generation mix criteria of > 50% non fossil fuel sources, 9% of its power comes from coal and it has no plans to shut down its coal plants within the next 3 years.

-

AZZ (AZZ)

AZZ sold their nuclear logistics business and therefore no longer produces a Drawdown solution

-

Bloom Energy (BE)

Bloom Energy's Energy Servers can operate using both hydrogen and biogas, both climate solutions, but a majority of its Energy Server's use natural gas. This use of natural gas is considered fossil fuel revenue, particularly because we don’t want to lock in natural gas emissions by a commitment to weak transitionary infrastructure.

-

Bioceres Crop Solutions (BIOX)

Bioceres' products help maximize crop yield, not reduce food waste, leaving them without a Drawdown solution

-

Black Hills (BKH)

Black Hills produces 90.99% of its power from fossil fuels and 9.01% from renewables.

-

Babcock & Wilcox Enterprises (BW)

Babcock & Wilcox produces waste to energy and biomass solutions, both Drawdown solutions. It also works on carbon capture technologies, but not storage which we would define as fossil fuel revenue. A revenue breakdown is not present

-

BorgWarner (BWA)

BorgWarner produces some solutions for EVs, a Drawdown solution, but makes a much larger portion of its revenue from traditional ICE vehicles.

-

BWX Technologies (BWXT)

BWX performs fabrication activities for missile launch tubes for US submarines, which fails the defense filter as this would be classified as weapons related.

-

Central Puerto (CEPU)

Central Puerto produces 67.13% of its power from fossil fuels and 32.87% from renewables.

-

CF Industries Holdings (CF)

CF Industries creates nitrogen products for agriculture but they do not help promote nutrient management, a Drawdown solution

-

Capstone Green Energy (CGRN)

Capstone Green Energy produces microgrids and microturbines with renewable applications, both of which are Drawdown solutions, but receives the majority of its revenue from application of its microturbines to fossil fuel industries.

-

Church & Dwight (CHD)

Church & Dwight owns Trojan condoms, but makes less than 50% of its revenue from them, thus failing to pass the contraception filter.

-

Euro Tech Holdings (CLWT)

Euro Tech Holdings does not produce any not leak detection or water conservation technologies and therefore fails our water distribution efficiency filter.

-

Cummins (CMI)

Cummins derives a very small part of its revenue from hydrogen production solutions and electrified power systems, but a much larger portion of its revenue is from ICE parts and oil & gas markets, both of which would be categorized as fossil fuel revenue.

-

CMS Energy (CMS)

CMS produces 62.73% of its power from fossil fuels, 19.92% from nuclear, 7.67% from mixed sources, and 6.65% from renewables. Even if all of the mixed sources were renewable, CMS would still not have >50% power from non fossil fuel sources.

-

CN Energy Group (CNEY)

Less than 50% of CN Energy Group's biofuel production is advanced biofuel, leading it to fail the biofuel filter

-

CenterPoint Energy (CNP)

CenterPoint produces 99.6% of its power from fossil fuels, 0.23% from non fossil fuel combustion, and 0.16% from renewables.

-

The Cooper Companies (COO)

Cooper sells healthcare products like contact lenses, fertility products, and contraceptives, but makes less than 50% of its revenue from contraceptives

-

Capstone Turbine (CPST)

Capstone Turbine produces microgrids and microturbines with renewable applications, both of which are Drawdown solutions, but receives the majority of its revenue from application of its microturbines to fossil fuel industries.

-

Cree (CREE)

Cree sells materials products and RF devices used in military communications, which fails the defense filter because it sells something to the defense industry that is not a Drawdown solution.

-

China Recycling Energy (CREG)

China Recycling Energy conducts waste to energy operations, but also utilizes gas from coal mining, which is considered as fossil fuel revenue. A revenue breakdown is not present.

-

2022-02-15 21:25:30

2022-03-07 16:17:26

-

Corteva (CTVA)

BioCorteva's products help maximize crop yield, not reduce food waste, leaving them without a Drawdown solutionceres' products help maximize crop yield, not reduce food waste, leaving them without a Drawdown solution

-

China XD Plastics (CXDC)

China XD Plastics Limited derives the majority of its revenue from traditional plastics like polypropylene.

-

Dominion Energy (D)

Dominion did not provide complete enough power generation info to determine if they pass or fail the utility filter

-

Daktronics (DAKT)

Daktronics sells LED displays for various purposes like sports, architecture, and more.

-

Delta Air Lines (DAL)

While Delta is known for its forward thinking stance on climate, it does not derive any revenue from its sustainability initiatives.

-

Dana (DAN)

Dana sells both EV and ICE parts. A revenue breakdown between those two segments is not provided.

-

DuPont de Nemours (DD)

DuPont de Nemours has some end-markets in solar energy and LEDs, both Drawdown solutions, but derives a larger portion of its revenue from various products that have end-markets in the fossil fuel industry.

-

Dow (DOW)

Dow makes both traditional and bioplastics. A revenue breakdown is not present.

-

DTE Energy (DTE)

DTE produces 67.13% of its power from fossil fuels, 21.07% from nuclear, 10.26% from nuclear, and 1.54% from renewables.

-

Duke Energy (DUK)

Duke Energy produces 61% of its power from fossil fuels, 37% from nuclear, and 2% from renewable.

-

Centrais Elétricas Brasileiras - Eletrobrás (EBR)

Centrais Elétricas Brasileiras - Eletrobrás produces 92.45% of its power from renewables, 3.89% from nuclear, and 3.66% from fossil fuels. While it passes the generation mix criteria of > 50% non fossil fuel sources, 0.68% of its power comes from coal and it has no plans to shut down its coal plants within the next 3 years.

-

Ecolab (ECL)

Ecolab offers products that can help businesses conserve water, a Drawdown solution, but also sells products built specifically for the fossil fuel industry. It is unclear which it makes more revenue from

-

US Ecology (ECOL)

US Ecology, does not have landfill gas to energy operations in a majority of its landfills, thus failing the landfill gas filter.

-

Consolidated Edison (ED)

Consolidated Edison produces 52.5% of its power from fossil fuels, 37.5% from nuclear, 8.6% from renewables, and 1.3% from unknown sources. Even if all of the unknown sources were renewable, CE would still not have >50% power from non fossil fuel sources.

-

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (EDN)

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima did not provide complete enough power generation info to determine if they pass or fail the utility filter

-

Edison International (EIX)

Edison International did not provide complete enough power generation info to determine if they pass or fail the utility filter

-

Ellomay Capital (ELLO)

Ellomay produces 75.5% of its power from fossil fuels, 15.6% from renewables, and 8.5% from non fossil fuel combustion.

-

eMagin (EMAN)

eMagin sells weapons sights, which fails the defense filter because this would be categorized as a weapons-related sale.

-

Emerson Electric (EMR)

Emerson Electric Co. produces smart thermostats, a Drawdown solution, but also sells certain products to the oil and gas industry. It is unclear which segment it makes more revenue from.

-

Enbridge (ENB)

Enbridge derives some of its revenue from solar and wind energy, both Drawdown solutions, but receives the majority of its revenue from pipeline work for the natural gas industry, which is categorized as fossil fuel revenue.

-

Enel Américas (ENIA)

Enel Américas produces 62% of its power from renewables and 38% from fossil fuels. While it passes the generation mix criteria of > 50% non fossil fuel sources, 3% of its power comes from coal and it has no plans to shut down its coal plants within the next 3 years.

-

Energizer Holdings (ENR)

Energizer Holdings, makes only batteries for household products and lighting products for flashlights and headlamps, neither of which are Drawdown solutions.

-

Eversource Energy (ES)

Eversource Energy produces 62.28% of its power from fossil fuels, 19.64% from renewables, 13.83% from non fossil fuel combustion, 4.24% from nuclear, and 0.01% from energy storage.

-

ESCO Technologies (ESE)

ESCO derives its revenue in part from promoting grid flexibility, a Drawdown solution, by enabling electric power grid operators to assess the integrity of high-voltage power delivery equipment. It however receives a larger portion of its revenue from products that have an end-market in commercial aerospace applications.

-

Entergy (ETR)

Entergy produces 61.76% of its power from fossil fuels, 38.01% from nuclear, and 0.23% from renewables.

-

Evergy (EVRG)

Evergy produces 50% of its power from fossil fuels, 29% from renewables, and 21% from nuclear.

-

Ford Motor (F)

Ford Motor produces some EVs, a Drawdown solution, but receives the majority of its revenue from traditional ICE vehicles, which are categorized as fossil fuel revenue.

-

FuelCell Energy (FCEL)

FuelCell energy makes hydrogen fuel cells, a Drawdown solution. They also sell carbon capture services (but not storage) to the oil and gas industry, which we categorize as fossil fuel revenue. A revenue breakdown between the two is not present

-

FirstEnergy (FE)

FirstEnergy produces over 95% of its power from fossil fuels. The rest is from renewables.

-

Franklin Electric (FELE)

Franklin Electric does not produce any not leak detection or water conservation technologies and therefore fails our water distribution efficiency filter.

-

FutureFuel (FF)

Less than 50% of FutureFuel's biofuel production is advanced biofuel, leading it to fail the biofuel filter

-

FMC (FMC)

FMC's products help protect crops from pests, not reduce food waste, leaving them without a Drawdown solution

-

Whole Earth Brands (FREE)

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

-

Flexible Solutions International (FSI)

Flexible Solutions International produces nitrogen conservation products, a Drawdown solution, but also produces products for the oil and gas industries. A revenue breakdown is not present

-

Fortis (FTS)

Fortis did not provide complete enough power generation info to determine if they pass or fail the utility filter

-

General Electric (GE)

General Electric derived 19.4% of its revenue from wind energy, a Drawdown solution, but received 21.8% of its revenue from various products dependent on oil and gas, which is categorized as fossil fuel revenue.

-

Gevo (GEVO)

Less than 50% of Gevo's biofuel production is advanced biofuel, leading it to fail the biofuel filter

-

General Motors (GM)

General Motors produces some EVs, a Drawdown solution, but receives the majority of its revenue from traditional ICE vehicles, which are categorized as fossil fuel revenue.

-

Genie Energy (GNE)

Genie Energy did not provide complete enough power generation info to determine if they pass or fail the utility filter

-

Generac Holdings (GNRC)

Generac Holdings derives part of its revenue from the Drawdown solution of energy storage. It however has fossil fuel profucts and a large natural gas customer base that is not quantified and no revenue breakdown for that segment is present.

-

Genuine Parts (GPC)

Genuine Parts sells auto parts and while it does seem to service the EV industry in part, its business is mostly oriented towards ICE vehicles. It even lists EV adoption as a risk to its business.

-

Green Plains (GPRE)

Less than 50% of Green Plain's biofuel production is advanced biofuel, leading it to fail the biofuel filter

-

Greenland Technologies Holding (GTEC)

Greenland Technologies Holding has yet to produce any electric vehicles since that division was opened in December 2020.

-

Granite Construction (GVA)

Granite Construction does not produce any not leak detection or water conservation technologies and therefore fails our water distribution efficiency filter.

-

Hawaiian Electric Industries (HE)

Hawaiian Electric produces 71.6% of its power from fossil fuels, 23.9% from renewables, and 4.5% from non fossil fuel combustion.

-

Helios Technologies (HLIO)

Helios Technologies does not produce any not leak detection or water conservation technologies and therefore fails our water distribution efficiency filter.

-

Honda Motor (HMC)

Honda Motor produces some EVs, a Drawdown solution, but receives the majority of its revenue from traditional ICE vehicles, which are categorized as fossil fuel revenue.

-

Huaneng Power International (HNP)

Huaneng Power did not provide complete enough power generation info to determine if they pass or fail the utility filter

-

Honeywell International (HON)

Honeywell has an aerospace segment which is categorized as fossil fuel revenue that comprises a greater portion of its net sales than its production of smart thermostats, a Drawdown solution. They also fail the defense filter.

-

Hubbell (HUBB)

Hubbell derives a large part of its revenue from producing solutions that enhance Grid Flexibility, but also has customers in the gas industry whose portion of the revenue is not specified.

-

Hyliion Holdings (HYLN)

Hyliion Holdings derives its revenue by selling electrified and hybrid powertrain solutions, a Drawdown solution, but also sells powertrain systems that can be fueled with CNG, which is considered fossil fuel revenue. The revenue breakdown between these products is not provided.

-

IDACORP (IDA)

IDACORP produces 59.8% of its power from renewables, 32.8% from fossil fuels, and 7.4% from mixed sources. While it passes the generation mix criteria of > 50% non fossil fuel sources even if the entirety of the mixed source power generation was from fossil fuels, 20.9% of its power comes from coal and it has no plans to shut down its coal plants within the next 3 years.

-

IES Holdings (IESC)

IES Holdings services both wind energy projects and solar projects, both Drawdown solutions. It also services refineries, which are categorized as fossil fuel revenue. It is unclear which takes up a greater portion of the revenue.

-

Kenon Holdings (KEN)

Kenon Holdings did not provide complete enough power generation info to determine if they pass or fail the utility filter

-

Korea Electric Power (KEP)

Korea Electric Power did not provide complete enough power generation info to determine if they pass or fail the utility filter

-

Karat Packaging (KRT)

Karat Packaging produces packaging with both traditional and bioplastics. It is unclear which of the two comprise a majority of the revenue.

-

Lear (LEA)

Lear manufactures some electrification products, but 94.1% of its revenue comes from acting as a supplier for traditional automotives.

-

Littelfuse (LFUS)

Littelfuse, sells products used in EVs and related infrastructure, but also has end markets in the traditional auto industry, as well as the oil and gas industry. A revenue breakdown is not present.

-

Limoneira (LMNR)

Limoneira 's Drawdown revenue comes from growing avocados, a perennial staple crop. It however derives the vast majority of its total revenue from other non-perennial crops.

-

Lindsay (LNN)

Lindsay sells different irrigation systems and offers repair services for those systems. It also sells moveable barrier systems that help in many applications such as highway reconstruction.

-

Alliant Energy (LNT)

Alliant produces 86.29% of its power from fossil fuels and 13.71% from renewables.

-

LG Display (LPL)

The LEDs that LG makes are all used in their TV and smartphone displays. Tech displays are not a Drawdown solution.

-

Lyft (LYFT)

Lyft theoretically enables rideshareing, a Drawdown solution, but in practice likely increases emissions due to drivers going further from their homes daily to service higher paying regions.

-

Marrone Bio Innovations (MBII)

Maronne Bio's products help protect crops from pests, not reduce food waste, leaving them without a Drawdown solution

-

MDU Resources Group (MDU)

MDU produces 55.5% of its power from renewables, 25.6% from mixed sources, and 18.87% from renewables. Even if all of the mixed sources were renewable, MDU would still not have >50% power from non fossil fuel sources.

-

Montrose Environmental Group (MEG)

Montrose helps clients deal with water distribution issues among other pro-climate projects, but it also works with many oil and gas companies. It is unclear what makes up a majority of its revenue.

-

Methode Electronics (MEI)

Methode sells electronic components like LEDs and sensors to automotive OEMS, external lighting solutions, and telecommunications products.

-

MGE Energy (MGEE)

MGE produces 85.93% of its energy from fossil fuels and 14.07% from renewables.

-

Mueller Industries (MLI)

Mueller Industries does not produce any not leak detection or water conservation technologies and therefore fails our water distribution efficiency filter.

-

Merck & Co (MRK)

Merck sells prescription medicines, vaccines, animal health products, and more and makes less than 50% of its revenue from contraceptives

-

Mueller Water Products (MWA)

Mueller Water Products, sells water leak detection systems, a Drawdown solution, but also has an infrastructure segment that has some customers in the natural gas industry. A breakdown of that segment is not present.

-

MYR Group (MYRG)

limited gas construction services in T&D segment. No further breakdown of end-markets is given

-

National Grid (NGG)

Korea Electric Power did not provide complete enough power generation info to determine if they pass or fail the utility filter

-

NiSource (NI)

NiSource produces 97.1% of its power from fossil fuels and 2.92% from renewables.

-

Nikola (NKLA)

Nikola was credibly accused of fraud by whistleblower investors in 2020

-

NRG Energy (NRG)

NRG produces 86% of its power from fossil fuels, 9% from renewables, and 5% from nuclear.

-

NV5 Global (NVEE)

NV5 helps clients achieve net zero emissions in their buildings and deal with water distribution issues among other pro-climate projects, but it also works with many oil and gas companies. It is unclear what makes up a majority of its revenue.

-

NorthWestern (NWE)

Northwestern produces 61% of its power from renewables and 29% from fossil fuels. While it passes the generation mix criteria of > 50% non fossil fuel sources, 20% of its power comes from coal and it has no plans to shut down its coal plants within the next 3 years.

-

ObsEva SA (OBSV)

ObsEva makes health and pregnacy-related products, but not contraceptives, meaning it does make a Drawdown solution

-

Corning (GLW)

Corning produces LED products and also emissions control products for the fossil fuel industry. It is unclear which is a greater percentage of the revenue.

-

OGE Energy (OGE)

OGE produces 89% of its power from fossil fuels and 11% from renewables.

-

ON Semiconductor (ON)

ON manufacturs semiconductors for many industries, none of them specifically being Drawdown solutions.

-

Ocean Power Technologies (OPTT)

Ocean Power Technologies utilizes ocean power to provide electricity, a Drawdown solution. But 87% of its revenue comes from servicing the fossil fuel industry.

-

Otter Tail (OTTR)

Otter Tail produces 70.68% of its power from fossil fuels and 29.32% from renewables.

-

Pampa Energía (PAM)

Pampa produces 85% of its power from fossil fuels and 15% from renewables.

-

Public Service Enterprise Group (PEG)

Public produces 54.91% of its power from fossil fuels, 40.41% from nuclear, 3.84% from renewables, 0.81% from non fossil fuel combustion, and 0.02% from fossil fuels.

-

Pfizer (PFC)

It is unclear what the revenue breakdown of Pfizer's contraceptive and non-contraceptive products is.

-

Planet Green Holdings (PLAG)

Less than 50% of Planet Green's biofuel production is advanced biofuel, leading it to fail the biofuel filter

-

PNM Resources (PNM)

PNM produces 62.6% of its power from fossil fuels, 23.1% from renewables, and 14.3% from nuclear.

-

Pentair (PNR)

Pentair offers products that can help businesses conserve water, a Drawdown solution, but also sells products built specifically for the fossil fuel industry such as fracking fluids. It is unclear which it makes more revenue from.

-

Pinnacle West Capital (PNW)

Pinnacle produces 64.19% of its power from fossil fuels, 27.81% from nuclear, and 8% from renewables.

-

Polar Power (POLA)

Polar Power, manufactures DC power systems that help with grid flexibility, a Drawdown solution, but diesel, natural gas, and propane appear to the predominant formats. A revenue breakdown is not present.

-

Portland General Electric (POR)

Portland GE produces 50.19% of its power from fossil fuels, 27.81% from nuclear, 14% from mixed sources, and 8% from renewables. Even if all of the power produced from mixed sources was from renewables, Portland still would not produce > 50% of its power from non fossil fuel sources.

-

Perma-Pipe International (PPIH)

Perma-Pipe International does not produce any not leak detection or water conservation technologies and therefore fails our water distribution efficiency filter.

-

PPL (PPL)

PPL produces 98.85% of its power from fossil fuels and 1.15% from renewables.

-

REX American Resources (REX)

Less than 50% of Rex American's biofuel production is advanced biofuel, leading it to fail the biofuel filter

-

Resideo Technologies (REZI)

Resideo tech makes wifi-connected thermostats, but not smart thermostates, the Drawdown solution

-

Lordstown Motors (RIDE)

Lordstown Motors was credibly accused of fraud by a shortselling investor in 2021

-

Roper Technologies (ROP)

Roper Technologies does not produce any not leak detection or water conservation technologies and therefore fails our water distribution efficiency filter.

-

Republic Services (RSG)

Republic derives its revenue in part from recycling, a Drawdown solution, but captures landfill gas at fewer than 50% of its landfills, thus failing the landfill gas filter.

-

Rexnord (RXN)

Rexnord does not produce any not leak detection or water conservation technologies and therefore fails our water distribution efficiency filter.

-

SGOCO Group (SGOC)

SGOCO made zero revenue from their Drawdown solution, their LED business, in 2020

-

The Southern (SO)

The Southern produces 68% of its power from fossil fuels, 17% from nuclear, and 15% from coal.

-

Electrameccanica Vehicles (SOLO)

Electrameccanica Vehicles has no sales of electric vehicles to date. It has some sales in its custom build segment, which we categorize as fossil fuel revenue.

-

Spark Energy (SPKE)

Spark produces 59.65% of its power from fossil fuels, 34.47% from nuclear, 4.82% from renewables, 1.03% from non fossil fuel combustion, and 0.03% from fuel cells.

-

Steel Partners Holdings (SPLP)

Steel Partners Holdings L.P. produces LEDs, a Drawdown solution, but also produces tubing for the oil and gas industry, which is considered fossil fuel revenue. It also produces blades for meat/fish processing plants.

-

Sociedad Química y Minera de Chile (SQM)

Sociedad Química y Minera de Chile sells fertilizer but not in a way that promotes nutrient management, meaning they do not produce a Drawdown solution.

-

Stellantis N.V. (STLA)

Stellantis N.V. produces some EVs, a Drawdown solution, but receives the majority of its revenue from traditional ICE vehicles, which we categorize as fossil fuel revenue.

-

Sterling Construction (STRL)

Sterling Construction does not produce any not leak detection or water conservation technologies and therefore fails our water distribution efficiency filter.

-

TransAlta (TAC)

TransAlta produces 65% of its power from fossil fuels and 35% from renewables.

-

Tantech Holdings (TANH)

Tantech Holdings put a hold on manufacturing electric vehicles, meaning they do not produce a Drawdown solution

-

Teva Pharmaceutical Industries (TEVA)

It is unclear what the revenue breakdown of Teva's contraceptive and non-contraceptive products is.

-

Toyota Motor (TM)

Toyota Motor produces some EVs, a Drawdown solution, but receives the majority of its revenue from traditional ICE vehicles, which we categorize as fossil fuel revenue.

-

Tutor Perini (TPC)

Tutor Perini builds military defense facilities, which fails the defense filter because it sells a product/service to the military that is not a Drawdown solution.

-

Trimble (TRMB)

Trimble does not build any of its products for EV's specifically, meaning it does not offer a Drawdown solution

-

Tattooed Chef (TTCF)

Tattooed Chef, sells vegetarian/vegan products, but in order to count towards the Drawdown solution of promoting a plant-based diet, a must not make products that include animal products.

-

Tetra Tech (TTEK)

Tetra Tech helps clients achieve net zero emissions in their buildings among other pro-climate projects, but it also works with many oil and gas companies. It is unclear what makes up a majority of its revenue.

-

Tata Motors (TTM)

Tata Motors Limited produces some EVs, a Drawdown solution, but receives 99.8% of its revenue from traditional ICE vehicles, which are categorized as fossil fuel revenue.

-

TherapeuticsmMD (TXMD)

It is unclear what the revenue breakdown of TherapeuticsmMD's contraceptive and non-contraceptive products is.

-

Uber Technologies (UBER)

Uber theoretically enables rideshareing, a Drawdown solution, but in practice likely increases emissions due to drivers going further from their homes daily to service higher paying regions.

-

Ultralife (ULBI)

Ultralife derives the majority of its revenue from the promotion of electric vehicles and energy storage, both Drawdown solutions, through the sale of lithium batteries and electric vehicle charging solutions. It also makes scopes for rifles and SATCOM communications for the defense industry, leading it to fail the defense filter

-

Unitil (UTL)

Unitil did not provide complete enough power generation info to determine if they pass or fail the utility filter.

-

Vicor (VICR)

Vicor sells defense electronics, which fails the defense filter because it sells a product to the defense industry that is not a Drawdown solution.

-

Viomi Technology (VIOT)

Viomi does not sell smart themostats, meaning they do not produce a Drawdown solution

-

Vertiv Holdings (VRT)

Vertiv Holdings Co improves grid flexibility, but has some customers in the fossil fuel industry whose portion of the revenue is not given.

-

Vistra (VST)

Vista produces 88.4% of its power from fossil fuels, 11.3% from nuclear, and 0.3% from renewables.

-

VivoPower International (VVPR)

VivoPower did not provide complete enough power generation info to determine if they pass or fail the utility filter.

-

Westinghouse Air Brake Technologies (WAB)

-

WEC Energy Group (WEC)

WEC produces 62.2% of its power from fossil fuels, 19.6% from nuclear, 8.4% from mixed sources, and 7.4% from renewables. Even if all power produced from mixed sources was from renewables, WEC would still not have >50% power from non fossil fuel sources.

-

Williams Industrial Services Group (WLMS)

Williams Industrial Services Group maintains nuclear projects and some renewable projects, but also works on fossil fuel plants. It is unclear which is a majority of their revenue.

-

Advanced Drainage Systems (WMS)

Advanced Drainage Systems does not produce any not leak detection or water conservation technologies and therefore fails our water distribution efficiency filter.

-

Xcel Energy (XEL)

Xcel produces 53% of its power from fossil fuels, 30% from renewables, 13% from nuclear, and 4% from mixed sources. Even if all of the power produced from mixed sources was from renewables, Xcel still would not produce > 50% of its power from non fossil fuel sources.

-

Zymergen (ZY)

Zymergen biofacturing and bio-based products like adhesives largely for electronics, but not creation of bioplastics. They IPO'd in April 2021, lack an annual report/investor presentation/description of their products & services

-

EnerSys (ENS)

EnerSys makes and sells batteries for industrial forklifts and other utility vehicles. Their products are a key component of solving climate change.

-

Workhorse Group Inc. (WKHS)

Workhorse Group makes all-electric delivery trucks and drones for last-mile deliveries. Key ingredient in electrifying transportation in urban areas

-

nVent Electric plc (NVT)

nVent sells enclosures, fasteners, thermal management and other products for the electrical grid. A larger grid helps to integrate more renewables

-

CRH (CRH)

Cement is a major emitter of CO2e. CRH is leading the push towards carbon-neutral cement (commitment by 2050), having already reduced their emissions by 26%.

-

CVD Equipment Corporation (CVV)

CVV makes technological products for LEDs, solar cells, and other applications. LEDs are an emission-cutting lighting alternative

-

Covanta Holding Corp. (CVA)

Covanta Holding operates facilities that burn waste to produce electricity and recycle industrial waste. Waste-to-energy is an important bridge solution

-

Belden (BDC)

Belden sells basic connectiviting solutions for energy and telecom, but not products specifically designed to strengthen and expand the grid, and therefore does not produce a Drawdown solution

-

Graham (GHM)

Graham builds heat pumps, but not high-efficiency heat pumps, meaning they do not produce a Drawdown solution

-

The Gorman-Rupp (GRC)

Gormann-Rupp builds heat pumps, but not high-efficiency heat pumps, meaning they do not produce a Drawdown solution

-

Lydall (IDL)

Lydall creates insulation for things like car interiors to reduce noise, not to help buildings stay temperate, meaning they produce no Drawdown solution

-

Lucid Motors (LCID)

Lucid makes luxury electric sedans in the United States. Its IPO date was less than six months before the 2022 Climate Index update, leading it to be excluded from this years index.

-

Li-Cycle (LICY)

Li-Cycle recycles old lithium-ion batteries to create new ones. Its IPO date was less than six months before the 2022 Climate Index update, leading it to be excluded from this years index.

-

Rivian Automotive (RIVN)

Rivian makes electric pickup trucks, SUVs, and delivery vehicles. Its IPO date was less than six months before the 2022 Climate Index update, leading it to be excluded from this years index.

-

The Metals Company (TMC)

The Metals Company mines deep sea metals that are rare and critical for batteries. Its IPO date was less than six months before the 2022 Climate Index update, leading it to be excluded from this years index.

Attend Our Next Webinar

Attend Our Next Webinar

Join our next Sustainable Investing 101 webinar, get our favorite DIY options, and walk through how we build our portfolios.

Register
Get Our Newsletter

Get Our Newsletter

Go a level deeper with us and investigate the potential impacts of climate change on investments like your retirement account.

Talk To A Human

Talk To A Human

Joining a new investment service can be intimidating. We’re here for you. Click below to email us a question or book a quick call.

Ask a Question