Climate Solution Stocks

Abbvie

Failed Contraceptive Filter

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

Contraceptives

Acuity Brands

Passed Revenue Filter

Acuity sells lighting and building management products, including LED drivers, power suppliers, inverters, and more, and sells no products specifically to the fossil fuel industry

0.47%

Advent Technologies Holdings

Advanced Drainage Systems

Failed Water Filter

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

Water Distribution

Advanced Energy Industries

No Drawdown Solution

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

Energy Storage

Pure Play

Advent sells components that influence the performance of hydrogen fuel cells to power, aviataion, automotive markets, and more.

0.03%

AECOM

Lacks Sufficient Information

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.

Net-zero building

Aemetis

Fails Biofuel Filter

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

Biomass

Agile Therapeutics

Pure Play

Agile makes 100% of its revenue from selling a prescription combination hormonal contraceptive patch.

0.02%

Agrify

Passed Revenue Filter

Agrify makes its revenue in part from the sale of LED grow lights, a Drawdown solution. It builds no products specifically for the fossil fuel industry.

0.02%

Algonquin Power & Utilities

AgroFresh Solutions

Pure Play

Agrofresh sells products like packaging solutions that extend the shelf life of food, preventing food waste from the spoilage of produce.

0.02%

Food Waste

Albemarle

Failed Revenue Filter

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.

Energy Storage

Passed Utility Filter

Algonquin produces 68% of its power from renewables and 28% from mixed sources. Even if all power produced from mixed sources was from fossil fuels, Algonquin would still have >50% power from non fossil fuel sources. It produces no power from coal and has exceeded what is required of it by local regulations in regards to renewable portfolios.

0.71%

ALLETE

Lacks Sufficient Information

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

Electrical Utility

Alliant Energy

Failed Utility Filter

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

Electrical Utility

Ameren

Lacks Sufficient Information

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

Electrical Utility

Ameresco

Pure Play

Ameresco makes buildings more energy efficient through focus on systems like the HVAC system. It also builds renewable power plants, sells solar PV products, and owns and operates a wind power project.

0.26%

Retrofit

American Electric Power

Failed Utility Filter

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

Electrical Utility

Amtech Systems

Passed Revenue Filter

Amtech Systems derives its revenue in part from LED lighting, a drawdown solution, through the sale of capital equipment and related consumables for use in LEDs while creating no products specifically for the fossil fuel industry.

0.02%

Apogee Enterprises

Passed Revenue Filter

Apogee sells aluminum frames, architectural glass, and value-added glass and acrylic products that help buildings stay better insulated. It builds no products specifically for the fossil fuel industry.

0.07%

High Performance Glass

Applied Materials

Passed Revenue Filter

Applied Materials derives its revenue in part from the promotion of LEDs and solar PVs, through the sale of LED products and products used to manufacture solar PVs. It creates no products specifically for the fossil fuel industry.

5.00%

Aqua Metals

Pure Play

Aqua recycles lead that is primarily used in lead acid batteries, resulting in lead that has greater than 99.9% purity.

0.02%

Arcimoto

Pure Play

Arcimoto is known for making 3-wheeled EVs, such as an all-electric rapid response vehicle for emergency services and an EV for last-mile delivery.

0.03%

Arcosa

Failed Revenue Filter

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.

Wind Turbines

Argan

Lacks Sufficient Information

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

Biomass

Array Technologies

Pure Play

Array sells solar tracking systems that use machine learning to identify the best positioning for a solar array to increase energy production.

0.17%

Arrival

Pure Play

Arrival makes 100% of its revenue from electric vans and buses and is developing an electric car in partnership with Uber to electrify ridesharing.

0.66%

Atlantica Sustainable Infrastructure

Atlantic Power

Failed Utility Filter

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

Electrical Utility

Passed Utility Filter

Atlantica produces 55.76% of its power from renewables and 44.24% from fossil fuels. None of its power comes from coal and it goes beyond requirements by local regulations on renewable portfolios.

0.28%

Atlas Technical Consultants

Passed Revenue Filter

Atlas Technical derives some of its revenue from promoting Drawdown solutions like water distribution efficiency. It creates no products specifically for the fossil fuel industry.

0.02%

AudioCodes

Pure Play

AudioCodes offers software and productivity solutions for virtual work environments, including VoIP network routing solutions, media servers, and value added applications.

0.07%

Avangrid

Passed Utility Filter

Avangrid produces 91.95% of its power from renewable sources, 7.42% from fossil fuels, and 0.63% from non fossil fuel combustion. It does not use coal for power generation. It exceeds state regulations.

1.30%

Avista

Failed Utility Filter

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.

Electrical Utility

AXT

Passed Revenue Filter

AXT sells semiconductor substrates used in LEDs, thermal imaging, and autonomous vehicles. It makes no products specifically for the fossil fuel industry, thus passing our revenue filter.

0.02%

Ayro

Pure Play

Ayro makes all of its revenue from selling electric vehicles for last-mile delivery, which can access tight areas like university paths and business parks.

0.02%

Azure Power Global Limited

Passed Utility Filter

Azure produces 100% of its power from renewables. It does not use coal to produce any of its power and exceeds what is required by local regulations.

0.07%

AZZ

No Drawdown Solution

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

Nuclear Power

Babcock & Wilcox Enterprises

Lacks Sufficient Information

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

Waste to Energy

Badger Meter

Passed Revenue Filter

Badger Meter sells water meters that can help water utilities detect leaks.

0.19%

Ballard Power Systems

Pure Play

Ballard sells proton exchange membrane fuel cell to transit bus, rail, critical infrastructure industries, and more.

0.35%

Beacon Roofing Supply

Passed Revenue Filter

Beacon Roofing Supply is included because it sells and distributes insulation products, solar paneling, solar inverters and solar panels mounting hardware, all Drawdown solutions, while deriving no revenue from products specifically made the fossil fuel industry.

0.24%

Beam Global

Pure Play

Beam Global sells EV charging solutions, such as an infrastructure product that uses solar power and battery storage to power an EV charging station.

0.02%

Belden

No Drawdown Solution

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

Building Automation

Beyond Meat

Pure Play

Beyond Meat sells various plant-based meat products. It has partnered with various fast food chains like McDonald's, KFC, Taco Bell, and Pizza Hut.

0.40%

Bioceres Crop Solutions

No Drawdown Solution

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

Food Waste

BioHiTech Global

Pure Play

BioHiTech sells biodigesters that enable schools, hospitals, and grocery stores to turn organic waste into fertilizer & fuel instead of going to rot in landfills.

0.02%

Black Hills

Failed Utility Filter

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

Electrical Utility

Blink Charging

Pure Play

Blink operates EV charging stations that are placed in various locations across a wide geographic range. EV owners pay to recharge their vehicles at these stations.

0.09%

Bloom Energy

Failed Revenue Filter

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.

Fuel Cells

BorgWarner

Failed Revenue Filter

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

Electric Vehicles

Broadwind

Passed Revenue Filter

Broadwind derives the majority of its revenue from the promotion of wind energy, a Drawdown solution, through selling steel towers and adapters to wind turbine manufacturers. It receives a smaller portion of its revenue from selling gearing, gearboxes, and systems to the oil and gas industry, which is categorized as fossil fuel revenue.

0.02%

Wind Turbines

Brookfield Infrastructure Partners

Lacks Sufficient Information

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

Electrical Utility

Brookfield Renewable

Passed Utility Filter

Brookfield produces 97.24% of its power from renewables and 2.76% from unknown sources. Even if the unknown sources were all fossil fuel, it would still have >50% non fossil fuel power generation. It produces no power from coal and has exceeded what is required of it by local regulations in regards to renewable portfolios.

0.96%

Burcon NutraScience

Pure Play

Burcon makes plant-based products like plant proteins and dairy alternatives.

0.02%

BWX Technologies

Failed Defense Filter

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

Nuclear Power

Cameco

Pure Play

Cameco mines and sells uranium for the purposes of nuclear fuel production.

0.61%

Canadian Solar

Pure Play

Canadian Solar sells solar ingots, wafers, cells, modules, panels and other solar power products.

0.16%

Canoo

Pure Play

Canoo makes all of its revenue from a range of electric delivery and mutli-purpose vehicles including an electric skateboard.

0.12%

Capstone Green Energy

Failed Revenue Filter

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.

Microgrid

Capstone Turbine

Failed Revenue Filter

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.

Microgrid

Carlisle Companies

Failed Defense Filter

Carlisle sells in-flight connectivity applications for military aircrafts, which fails the defense filter because it sells a product to the defense industry that is not a Drawdown solution.

Net-zero building

Carrier Global

Passed Revenue Filter

Carrier sells HVAC products including high efficiency heat pumps. It also sells refrigeration services and building systems like those for carbon monoxide detection.

2.88%

Heat Pumps

Casella Waste Systems

Passed Revenue Filter

Casella Waste Systems derives its revenue in part from recycling, a Drawdown solution, and has landfill gas to energy operations, another Drawdown solution, at over 50% of the landfills it owns. It receives no revenue from products built for the fossil fuel industry.

0.28%

CBAK Energy Technology

Pure Play

CBAK makes 100% of its revenue from selling lithium batteries that are used in EV, electric tool, and energy storage applications.

0.02%

CenterPoint Energy

Failed Utility Filter

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

Electrical Utility

Centrais Elétricas Brasileiras - Eletrobrás

Failed Utility Filter

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.

Electrical Utility

Central Puerto

Failed Utility Filter

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

Electrical Utility

Centrus Energy

Pure Play

Centrus sells various components of nuclear fuel eg. parts of low-enriched uranium, and the provision of technical solutions to deploy advanced nuclear fuel production capabilities.

0.05%

CF Industries Holdings

No Drawdown Solution

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

Nutrient Management

ChargePoint Holdings

Pure Play

ChargePoint sells EV charging solutions like smart charging stations for electric vehicles, which can be used by fleets or individual owners.

0.50%

China Recycling Energy

Lacks Sufficient Information

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.

Waste to Energy

China XD Plastics

Failed Revenue Filter

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

Bioplastics

Church & Dwight

Failed Contraceptive Filter

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

Contraceptives

CleanSpark

Passed Revenue Filter

CleanSpark sells distributed energy systems and microgrids, which help optimize energy consumption. It also provides a variety of digital services, including creative design.

0.05%

Microgrid

ClearOne

Pure Play

ClearOne sells audio conferencing products, as well as sound-reinforcement products that help with connecting virtually.

0.02%

Clearway Energy

Passed Utility Filter

Clearway produces 62.68% of its power from renewables and 37.32% from fossil fuels. It produces no power from coal and has exceeded what is required of it by local regulations in regards to renewable portfolios.

0.45%

CMS Energy

Failed Utility Filter

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.

Electrical Utility

CN Energy Group

Fails Biofuel Filter

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

Biofuels

Comfort Systems USA

Passed Revenue Filter

Comfort Systems USA derives revenue from replacing old HVAC systems with more efficient systems, a Drawdown solution, while creating no products specifically for the fossil fuel industry.

0.21%

Commercial Metals

Passed Revenue Filter

Commercial Metals recycles steel and metal products, a Drawdown solution, while building no products specifically for the fossil fuel industry.

0.24%

Companhia Energética de Minas Gerais

Passed Utility Filter

Companhia Energética de Minas Gerais produces 100% of its power from renewable sources. It exceeds state regulations.

1.53%

Consolidated Edison

Failed Utility Filter

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.

Electrical Utility

Corning

Lacks Sufficient Information

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.

LED

Corteva

No Drawdown Solution

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

Food Waste

Covanta

Failed Revenue Filter

Covanta was acquired by a private entity on Dec 1, 2021 and is therefore removed from the Climate Index. Covanta makes a large portion of its revenue from waste to energy operations, a Drawdown solution. While it does own landfills which do not have >=50% landfill gas capture, these are for the purpose of ash disposal from its WtE operations and it does not appear revenue is derived from these landfills.

Waste to Energy

Cree

Failed Defense Filter

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.

LED

CRH

Failed Revenue Filter

High-Performance Glass is a small part of their revenue. CRH still makes most of its revenue from conventional cement, concrete and asphalt. They're investing in alternative cement that's lower emission, that's still under 15% of the total material they use to make cement

Alternative Cement

Crown ElectroKinetics

Pure Play

Crown's glass changes its opacity and reflectiveness in response to outside weather conditions. Unlike others, Crown's glass also allows for manual control

0.02%

Dynamic Glass

CSW Industrials

Passed Revenue Filter

CSW Industrials manufactures products to make HVAC/R systems more efficient, a climate solution, and derives a large portion of its revenue from those products. It derives a much smaller portion of its revenue from sales to oilfields; this would be considered fossil fuel revenue.

0.14%

Refrigerant Management

Cummins

Failed Revenue Filter

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.

Electric Vehicles

CVD Equipment

Failed Defense Filter

CVD sells MesoPlasma™ printing services and products (heaters, antennas, and sensors) to the defense industry, which fails the revenue filter because it sells something to the defense industry that is not a Drawdown solution.

LED

Daktronics

No Drawdown Solution

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

LED

Dana

Lacks Sufficient Information

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

Electric Vehicles

Danimer Scientific

Pure Play

Danimer produces bio-based plastics using microorganisms to create polyesters by feeding them inexpensive plant oils.

0.09%

Bioplastics

Daqo New Energy

Pure Play

Daqo sells high purity polysilicon used in solar photovoltaics to photovoltaic manufacturers.

0.36%

Delta Air Lines

No Drawdown Solution

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

Efficient Aviation

Diodes

Passed Revenue Filter

Diodes sells discrete semiconductor products, which are heavily used in the consumer electronics industry, as well as analog products comprising power management devices like LED lighting drivers, which are crucial to an LED circuit.

0.28%

DocuSign

Pure Play

DocuSign provides an e-signature solution allows for digital signing of agreements and documents, saving many sheets of paper and transit miles

3.49%

Dominion Energy

Lacks Sufficient Information

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

Electrical Utility

Dow

Lacks Sufficient Information

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

Bioplastics

DTE Energy

Failed Utility Filter

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

Electrical Utility

Duke Energy

Failed Utility Filter

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

Electrical Utility

DuPont de Nemours

Failed Revenue Filter

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.

Solar PVs

Eaton

Passed Revenue Filter

Eaton derives the majority of its revenue from improving grid flexibility, a Drawdown solution, through the sale of various electrical and power products. It receives a smaller portion of its revenue from the automotive industry, which would be categorized as fossil fuel revenue.

4.19%

Ecolab

Failed Revenue Filter

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

Water Distribution

Edison International

Lacks Sufficient Information

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

Electrical Utility

Electrameccanica Vehicles

Failed Revenue Filter

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.

Electric Vehicles

Ellomay Capital

Failed Utility Filter

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

Electrical Utility

eMagin

Failed Defense Filter

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

LED

Emerson Electric

Lacks Sufficient Information

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.

Smart Thermostat

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Lacks Sufficient Information

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

Electrical Utility

Enbridge

Failed Revenue Filter

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.

Solar PVs

Enel Américas

Failed Utility Filter

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.

Electrical Utility

Enel Chile

Passed Utility Filter

Enel Chile 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, 4.9% of its power comes from coal, but it has a plan to shut down its coal plants within the next 3 years. It exceeds state regulations.

0.19%

Energizer Holdings

No Drawdown Solution

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

LED

Energy Focus

Pure Play

Energy Focus makes a variety of LED products, such as replacements for fluorescent lamps and retrofits for military facilities.

0.02%

EnerSys

Failed Defense Filter

EnerSys sells missiles and smart weapons, which fails the defense filter since it sells weapons to the defense industry.

Grid Expansion

Enphase Energy

Pure Play

Enphase sells microinverters, energy monitoring software, and AC battery storage systems to solar distributors, OEMs, homeowners, and more.

2.00%

Entergy

Failed Utility Filter

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

Electrical Utility

Eos Energy Enterprises

Pure Play

Eos makes 100% of its revenue from selling battery storage solutions to utilities (and other customers). Its batteries have 98.2% of capacity retained annually.

0.03%

ESCO Technologies

Failed Defense Filter

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.

Wind Turbines

Euro Tech Holdings

Failed Water Filter

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

Water Distribution

Evergy

Failed Utility Filter

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

Electrical Utility

Eversource Energy

Failed Utility Filter

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.

Electrical Utility

Evofem Biosciences

Pure Play

Evofem makes 100% of it's revenue from a contraceptive gel. They are also working on a vaginal gel that reduces certain infections.

0.02%

Evoqua Water Technologies

Failed Water Filter

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

Water Distribution

Exelon

Passed Utility Filter

Exelon produces 60.25% of its power from nuclear, 29.77% from fossil fuels, 9.62% from nuclear, and 0.36% from non fossil fuel combustion. It produces no power from coal and exceeds what is required of it by state regulations.

3.32%

EZGO Technologies

Pure Play

EZGO generates 100% of its revenue from selling e-bicycles, e-tricycles, and lithium batteries to the fast-growing Chinese market.

0.02%

E-bikes

First Solar

Pure Play

First Solar sells its unique glass cadmium telluride solar modules as well as power plant solutions.

0.82%

FirstEnergy

Failed Utility Filter

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

Electrical Utility

Fisker

Pure Play

Fisker generates 100% of its revenue from selling and leasing luxury and high end electric vehicles.

0.30%

Flexible Solutions International

Lacks Sufficient Information

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

Nutrient Management

Flux Power Holdings

Pure Play

Flux makes battery management systems and rechargeable lithium-ion energy storage systems for electric forklifts, airport ground support equipment, and other industrial motive applications.

0.02%

FMC

No Drawdown Solution

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

Food Waste

Ford Motor

Failed Revenue Filter

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.

Electric Vehicles

Fortis

Lacks Sufficient Information

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

Electrical Utility

Franklin Electric

Failed Water Filter

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

Water Distribution

FTC Solar

Pure Play

FTC Solar sells solar tracking systems that identifies the best positioning for a solar array to increase energy production.

0.05%

FuelCell Energy

Lacks Sufficient Information

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

Microgrid

Fusion Fuel Green

Pure Play

Fusion Fuel Green makes green hydrogen, while producing zero carbon emissions. While it does sell to natural gas networks, this is to replace fossil fuels with green hydrogen to help them meet decarbonization goals and therefore is not considered fossil fuel revenue.

0.02%

FutureFuel

Fails Biofuel Filter

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

Biofuels

Generac Holdings

Lacks Sufficient Information

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.

Energy Storage

General Electric

Failed Revenue Filter

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.

Wind Turbines

General Motors

Failed Revenue Filter

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.

Electric Vehicles

Genie Energy

Lacks Sufficient Information

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

Electrical Utility

Genuine Parts

Failed Revenue Filter

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.

Electric Vehicles

Gevo

Fails Biofuel Filter

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

Efficient Aviation

GFL Environmental

Passed Revenue Filter

GFL Environment recycles steel and metal products, a Drawdown solution, while deriving no revenue from products created specifically for the fossil fuel industry.

1.06%

Gibraltar Industries

Passed Revenue Filter

Gibraltar Industries derives its revenue in part from solar PVs, a drawdown solution, through the sale of solar racking and electrical balance of systems, while creating no products specifically for the fossil fuel industry.

0.14%

Graham

No Drawdown Solution

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

Heat Pumps

Granite Construction

Failed Water Filter

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

Water Distribution

Green Plains

Fails Biofuel Filter

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

Biofuels

Greenland Technologies Holding

No Drawdown Solution

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

Electric Vehicles

GreenPower Motor

Pure Play

GreenPower generates 100% of its revenue from electric vehicles for passenger, student, and cargo transportation.

0.02%

Hannon Armstrong Sustainable Infrastructure Capital

Pure Play

Hannon Armstrong only invests in sustainable projects, from building energy efficient to solar and wind farms.

0.30%

Harsco

Passed Revenue Filter

Harsco generates 82% of its revenue from industrial recycling and waste management services, and the rest from maintenance, repair, and construction services for railway tracks.

0.09%

Hawaiian Electric Industries

Failed Utility Filter

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

Electrical Utility

Helios Technologies

Failed Water Filter

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

Water Distribution

Highway Holdings Limited

Passed Revenue Filter

Highway Holdings does metal stampings and manufactures a variety of mechnical and electronic products, including LED power supplies, otherwise known as LED drivers.

0.02%

Honda Motor

Failed Revenue Filter

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.

Hybrid Cars

Honeywell International

Failed Defense Filter

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.

Smart Thermostat

Huaneng Power International

Lacks Sufficient Information

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

Electrical Utility

Hubbell

Lacks Sufficient Information

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.

Grid Expansion

Hudson Technologies

Pure Play

Hudson provides various refrigerant management solutions, including reclamation of refrigerants and hydrostatic testing which checks for leaks.

0.02%

Refrigerant Management

Hyliion Holdings

Lacks Sufficient Information

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.

Electric Vehicles

IAA

Pure Play

IAA allows for the sale of total loss, damaged, and low-value vehicles, as well as their parts, limiting automotive waste and reducing the need for new manufacturing.

0.52%

IDACORP

Failed Utility Filter

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.

Electrical Utility

Ideanomics

Passed Revenue Filter

Ideanomics generated 74.6% of its revenue from EVs and EV charging infrastructure and 19.3% from traditional combustion vehicles in 2020.

0.05%

Infrastructure and Energy Alternatives

IDEX

No Drawdown Solution

IDEX produces fluid and metering technologies, but not water conservation technologies, meaning they do not produce a Drawdown solution.

0.05%

Water Distributionlt

IES Holdings

Lacks Sufficient Information

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.

Wind Turbines

Passed Revenue Filter

IEA generates 65.2% of its revenue from installing and restoring infrastructure services for wind and solar industries. It also offers heavy civil construction services like road and bridge construction.

0.03%

Wind Turbines

Installed Building Products

Passed Revenue Filter

Installed Building Products sells insulation products, including fiberglass, cellulose, and spray foam. It also sells advanced caulk and sealant products.

0.24%

iSun

Passed Revenue Filter

iSun sells solar engineering, procurement and construction services. It also has an electrical and data segment that is separate from its solar offerings.

0.02%

Itron

Passed Revenue Filter

Itron generates 60.8% of its revenue from device solutions that deal with water measurement and control and networked solutions like smart meters and leak detection products. It builds no products specifically for the fossil fuel industry.

0.23%

JinkoSolar

Pure Play

Jinko sells solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also constructs solar projects for power production.

0.17%

Jiuzi Holdings

Pure Play

Jiuzi makes all of its revenue from selling EVs and EV sales franchines in China, one of the fastest growing automobile markets on the planet.

0.02%

Johnson Controls International

Passed Revenue Filter

Manufactures heat pumps and HVAC solutions

3.34%

Kaltura

Pure Play

Kaltura offers video products that are heavily used in distance learning for virtual classrooms.

0.07%

Kandi Technologies Group

Passed Revenue Filter

Kandi generated 61.2% of its revenue from EV parts and electric scooters and 38.8% from traditional offroad vehicles in 2020.

0.02%

Karat Packaging

Lacks Sufficient Information

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

Bioplastics

Kenon Holdings

Lacks Sufficient Information

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

Electrical Utility

Korea Electric Power

Lacks Sufficient Information

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

Electrical Utility

KULR Technology Group

Pure Play

KULR sells thermal management technologies that are used in the lithium-ion batteries to ensure they stay within safe operating temperatures.

0.02%

Laird Superfood

Pure Play

Laird sells plant-based food, such as hydrate coconut water and renew plant-based proteins.

0.02%

Lear

Failed Revenue Filter

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

Hybrid Cars

Lennox International

Passed Revenue Filter

Lennox sells HVAC systems, which include high effiiciency heat pumps and air conditioners. They also sell refrigeration systems.

0.69%

Heat Pumps

LG Display

No Drawdown Solution

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

LED

Li Auto

Pure Play

Li Auto generates 100% of its revenue from selling electric SUV's and luxury vehicles in China, one of the fastest growing markets for SUV's

2.17%

Li-Cycle

Recent IPO

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.

Energy Storage

Lightbridge

Pure Play

Lighbridge focuses on the development of metallic nuclear fuels, which are safer and more economical, while effectively reducing carbon emissions.

0.02%

Lightning eMotors

Pure Play

Lightning eMotors makes electric fleet medium- and heavy-duty vehicles, such as delivery trucks and shuttle buses, as well as charging stations for EVs.

0.03%

Limbach Holdings

Passed Revenue Filter

Limbach sells a variety of building solutions, including performing energy audits and retrofits, a Drawdown solution.

0.02%

Limoneira

Failed Revenue Filter

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.

Perennial Staple

Lindsay

No Drawdown Solution

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.

Efficient Irrigation

Littelfuse

Lacks Sufficient Information

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.

Energy Storage

Livent

Pure Play

Livent generates 100% of its revenue from selling lithium compounds with their primary use being lithium batteries.

0.30%

LKQ

Pure Play

LKQ scraps totalled cars and sell the reclaimed replacement parts such as bumpers, transmissions, and suspension products, which help reduce waste generation.

1.02%

Loop Industries

Pure Play

Loop converts waste polyethylene terephthalate (PET), often used in food packaging, into virgin quality PET.

0.05%

Lordstown Motors

Fraud

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

Electric Vehicles

LSI Industries

Passed Revenue Filter

LSI generates 67% of its revenue from LEDs for general use in parking garages and restaurants, and the rest from visual image elements for graphic displays.

0.02%

Lucid Motors

Recent IPO

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.

Electric Vehicles

Lydall

No Drawdown Solution

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

Insulation

Lyft

No Drawdown Solution

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.

Carpooling

Magnachip Semiconductor

Passed Revenue Filter

Magnachip Semiconductor derives its revenue in part from the promotion of LEDs and solar PVs, through the sale of LED products and products used with solar PVs. It creates no products specifically for the fossil fuel industry.

0.05%

Marrone Bio Innovations

No Drawdown Solution

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

Food Waste

MasTec

Passed Revenue Filter

MasTec derives 32.2% of its revenue from promoting wind and solar energy, as well as grid flexibility, all Drawdown solutions, through the installation and construction of power generation facilities and the maintenance of electrical transmission lines and substations. It receives a smaller portion of its revenue (28.3%) for constructing and maintaining pipelines and processing facilities for the fossil fuel industry.

0.42%

Maxeon Solar Technologies

Pure Play

Maxeon sells solar panels and other related components. It has over 1000 solar patents.

0.07%

MDU Resources Group

Failed Utility Filter

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.

Electrical Utility

MeaTech 3D

Pure Play

Meatech 3D develops cultured meat products without animal slaughtering. In this process stem cells are collected without harming the animals, grown in reactors, diffentiated into fat and muscle cells, and finally formed into unstructured cultured meat products.

0.02%

Merck & Co

Failed Contraceptive Filter

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

Contraceptives

Methode Electronics

No Drawdown Solution

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

LED

MGE Energy

Failed Utility Filter

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

Electrical Utility

Montauk Renewables

Passed Utility Filter

Montauk produces 100% of its power from non fossil fuel combustion. It produces no power from coal and has exceeded what is required of it by local regulations in regards to renewable portfolios.

0.10%

Montrose Environmental Group

Lacks Sufficient Information

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.

Water Distribution

Mueller Industries

Failed Water Filter

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

Water Distribution

Mueller Water Products

Lacks Sufficient Information

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.

Water Distribution

MYR Group

Lacks Sufficient Information

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

Grid Expansion

National Grid

Lacks Sufficient Information

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

Electrical Utility

NexGen Energy

Passed Revenue Filter

NexGen owns uranium exploration & development projects in Canada, and wholly or partially owns 4 subsidiaries that are engaged in the same business. But NXE is a capital pool . IPO'd on NYSE in March 2017. NexGen is still in the exploration and development stage and has not yet made any revenue.

0.21%

NextEra Energy

Passed Utility Filter

NextEra produces 49.98% of its power from fossil fuels, 39.42% from renewables, 10.59% from nuclear, and 0.01% from non fossil fuel combustion. While it passes the generation mix criteria of > 50% non fossil fuel sources, 2.47% of its power comes from coal, but it has a plan to shut down its coal plants within the next 3 years. It exceeds state regulations.

5.00%

NextEra Energy Partners

Passed Utility Filter

NextEra Energy Partners produces 100% of its power from renewables. None of its power comes from coal and it goes beyond requirements by local regulations on renewable portfolios.

0.42%

Nikola

Fraud

Nikola was credibly accused of fraud by whistleblower investors in 2020

Electric Vehicles

NIO

Pure Play

NIO produces electric SUVs and sedans for the Chinese market plus enable customers to swap their batteries using a subscription instead of needing to recharge.

4.12%

NiSource

Failed Utility Filter

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

Electrical Utility

Niu Technologies

Pure Play

Niu generates 100% of its revenue from selling their electric-scooters. They have over 800,000 active riders using their products.

0.12%

E-bikes

NorthWestern

Failed Utility Filter

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.

Electrical Utility

NRG Energy

Failed Utility Filter

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

Electrical Utility

Nuvve Holding

Pure Play

Nuvve sells vehicle to grid technology that allows EV owners to store and resell energy to the grid.

0.02%

O2Micro International Limited

NV5 Global

Lacks Sufficient Information

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.

Water Distribution

nVent Electric

Failed Defense Filter

nVent Electric sells military aerospace systems, battlefield networks and shipboard targeting systems, and combat aircrafts, which fails the defense filter since these products would be classified as weapons related.

Grid Expansion

Passed Revenue Filter

O2Micro sells integrated circuits that have many applications including LEDs, zero emission vehicles, phones, and more.

0.02%

Oatly Group

Pure Play

Oatly sells plant-based dairy products made from oats.

0.49%

ObsEva SA

No Drawdown Solution

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

Contraceptives

Ocean Power Technologies

Failed Revenue Filter

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

Ocean Power

OGE Energy

Failed Utility Filter

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

Electrical Utility

ON Semiconductor

No Drawdown Solution

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

Electric Vehicles

Orbital Energy Group

Passed Revenue Filter

Orbital gnerated 55.9% of its revenue from engineering, procurement, and construction services for utility-scale solar and the maintenance of electric power transmission and distribution infrastructure. It made 44.1% from designs, installs, and commissions industrial gas sampling, measurement and delivery systems.

0.02%

Orion Energy Systems

Passed Revenue Filter

Orion Energy Systems, derives its revenue in part from LED lighting products and works on retrofit projects, both of which are Drawdown solutions. It creates no products specifically for the fossil fuel industry.

0.02%

Ormat Technologies

Pure Play

Ormat produces goethermal energy systems that enable utilities to generate electricity using the heat of the earth.

0.26%

Geothermal

Otter Tail

Failed Utility Filter

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

Electrical Utility

Owens Corning

Passed Revenue Filter

Owens Corning derives its revenue in part from insulation, a drawdown solution, while receiving no revenue from products specifically for the fossil fuel industry. The rest of its revenue comes from other building products like glass fiber materials.

0.61%

Pampa Energía

Failed Utility Filter

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

Electrical Utility

Pentair

Failed Water Filter

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.

Water Distribution

Perma-Pipe International

Failed Water Filter

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

Water Distribution

Pfizer

Lacks Sufficient Information

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

Contraceptives

PG&E

Passed Utility Filter

PG&E produces 52% of its power from renewables, 44% from nuclear, and 3% from non fossil fuel combustion. It does not produce any of its power from coal and goes beyond what is required by state regulation for energy portfolios.

1.48%

PGT Innovations

Passed Revenue Filter

PGT sells aluminum frames, energy efficient glass, and other window related products that helps buildings save energy through better insulation

0.09%

High Performance Glass

Pinnacle West Capital

Failed Utility Filter

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

Electrical Utility

Planet Green Holdings

Fails Biofuel Filter

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

Biofuels

Plug Power

Pure Play

Plug Power develops hydrogen fuel cell turnkey solutions through hydrogen fueling systems, proton exchange membrane technologies, and more.

1.41%

PNM Resources

Failed Utility Filter

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

Electrical Utility

Polar Power

Lacks Sufficient Information

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.

Grid Expansion

Portland General Electric

Failed Utility Filter

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.

Electrical Utility

Power Integrations

Passed Revenue Filter

Power Integrations sells analog and mixed-signal integrated circuits among other electronic circuitry, applications of which include LCD monitors, computers, and LED lighting.

0.40%

PPL

Failed Utility Filter

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

Electrical Utility

Preformed Line Products

Passed Revenue Filter

Preformed Line Products derives the majority of its revenue from improving grid flexibility, a Drawdown solution, through the maintenance of energy networks, while creating no products specifically for the fossil fuel industry.

0.02%

Proterra

Pure Play

Proterra generates 100% of its revenue from building and selling electric vehicles, including electric buses used in mass transit

0.16%

Public Service Enterprise Group

Failed Utility Filter

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.

Electrical Utility

PureCycle Technologies

Pure Play

PureCycle converts waste polypropylene (PP), often used in packaging and clothing, into virgin quality PP.

0.10%

PyroGenesis Canada

Passed Revenue Filter

PyroGenesis derives its revenue in part from plasma torches (for use in battery production) and waste to energy operations, both Drawdown solutions. It derives no revenue products built specifically for the fossil fuel industry.

0.05%

Waste to Energy

Quanta Services

Passed Revenue Filter

Quanta Services, derives 69.4% revenue from improving grid flexibility, a Drawdown solution, through various services, including the maintenance of electric power transmission and distribution infrastructure and substation facilities. It receives a smaller portion of its revenue (30.6%) from maintaining natural gas and oil distribution networks, which would be categorized as fossil fuel revenue.

1.08%

QuantumScape

Pure Play

QuantumScape is fully focused on developign and selling solid-state lithium-metal batteries, some of which are used for EVs.

0.78%

Quest Resource

Pure Play

Quest provides recycling services for a variety of items, including scrap tires, metal, and glass.

0.02%

Recycling

ReneSola

Pure Play

ReneSola constructs solar projects and sells project rights. It also owns some its own solar projects which generate electricity that is sold to customers.

0.03%

Renewable Energy Group

Passed Biofuel Filter

Over 50% of REGI's revenue comes from advanced biofuels made from low carbon feedstocks that emit 75% less carbon that gasoline.

0.21%

Biofuels

Republic Services

Failed Landfill Filter

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.

Recycling

Research Frontiers

Pure Play

Research Frontiers develops suspended particle device light control technology that undergirds dynamic glass technology.

0.02%

Dynamic Glass

Resideo Technologies

No Drawdown Solution

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

Net-zero building

ReTo Eco-Solutions

Passed Revenue Filter

ReTo Eco-Solutions manufactures environmentally friendly construction materials using less cabon intensive alternative materials, eg. making cement with fly ash. Its products are have a variety of end uses, including water absorption, flood control, and water retention.

0.02%

REX American Resources

Fails Biofuel Filter

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

Biofuels

Rexnord

Failed Water Filter

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

Water Distribution

Rivian Automotive

Recent IPO

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.

Electric Vehicles

Romeo Power

Passed Revenue Filter

Romeo makes 65% of its revenue from lithium-ion battery modules for commercial electric vehicles and 35% in a jointe venture focused on traditional automobiles.

0.03%

Roper Technologies

Failed Water Filter

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

Water Distribution

Save Foods

Pure Play

Save Foods sells post-harvest food acid and oxidizer blends that extend the shelf life of food, preventing food waste.

0.02%

Food Waste

SemiLEDs

Pure Play

SemiLEDs sells LED chips, components, and modules, which are used for general lighting, horticulture, polymer curing, and more.

0.02%

Sempra Energy

Passed Utility Filter

Sempra produces 52% of its power from renewables and 48% from fossil fuels. It produces no power from coal and has exceeded what is required of it by local regulations in regards to renewable portfolios.

2.61%

Shoals Technologies Group

SGOCO Group

No Drawdown Solution

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

LED

Pure Play

Shoals sells electrical balance of system solutions for solar energy projects.

0.33%

Sociedad Química y Minera de Chile

No Drawdown Solution

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.

Nutrient Management

SolarEdge Technologies

Pure Play

SolarEdge Technologies sells DC inverter systems for PVs among other solar products, EV charging solutions, lithium-ion cells and batteries, and uninterrupted power supply solutions.

1.18%

Spark Energy

Failed Utility Filter

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.

Electrical Utility

SPI Energy

Pure Play

SPI Energy constructs solar projects for other power producers, owns its own solar projects which generate electricity that sells to utilities and other customers, and makes and sells both EVs and EV charging infrastructure.

0.02%

SPX

Passed Revenue Filter

SPX makes electrical transformers that enable the grid to expand. It also installs HVAC systems and underground pipe and cable locators.

0.17%

Steel Partners Holdings

Lacks Sufficient Information

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.

LED

Stellantis N.V.

Failed Revenue Filter

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.

Electric Vehicles

Stem

Pure Play

Stem makes it easy for buildings to most efficiently switch from onsite, to stored, to grid electricity with their artificial intelligence powered analytics platform that optimizes energy usage.

0.19%

Sunnova Energy International

Sterling Construction

Failed Water Filter

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

Water Distribution

Pure Play

Sunnova is a leading residential solar in the US

0.31%

SunOpta

Pure Play

SunOpta sells plant-based foods and beverages, many of which use almond, soy, coconut, oat, or hemp.

0.05%

SunPower

Pure Play

SunPower sells electricity generated from solar as well as solar energy solutions and inverters. Some of its main customers include electrical utilities and

0.36%

Sunrun

Pure Play

Sunrun sells solar energy systems, such as panels, and also sells battery storage systems, primarily to residential homeowners..

0.76%

Sunworks

Pure Play

Sunworks sells photovoltaic systems for power production for residential and commercial and industrial clients.

0.02%

Tantech Holdings

No Drawdown Solution

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

Electric Vehicles

Tata Motors

Failed Revenue Filter

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.

Electric Vehicles

Tattooed Chef

No Drawdown Solution

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.

Plant-based diet

Tecnoglass

Passed Revenue Filter

Tecnoglass sells a range of high performance windows and derives no revenue from products dependent upon the fossil fuel industry.

0.09%

High Performance Glass

Tesla

Pure Play

Tesla generates 100% of its revenue from Drawdown solutions: electric vehicles, solar energy generation, and energy storage products.

5.00%

Tetra Tech

Lacks Sufficient Information

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.

Water Distribution

Teva Pharmaceutical Industries

Lacks Sufficient Information

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

Contraceptives

The AES

Failed Utility Filter

AES produces 78% of its power from fossil fuels and 22% from renewables.

Electrical Utility

The Cooper Companies

Failed Contraceptive Filter

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

Contraceptives

The Gorman-Rupp

No Drawdown Solution

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

Heat Pumps

The Hain Celestial Group

Passed Revenue Filter

Hain sells a variety of plant-based snack products like tortilla chips, whole grain chips, and pita chips.

0.28%

The Lion Electric

Pure Play

Lion Electric sells all-electric medium and heavy-duty urban vehicles like trucks and buses to electrify mass transportation.

0.17%

The Metals Company

Recent IPO

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.

Energy Storage

The Southern

Failed Utility Filter

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

Electrical Utility

TherapeuticsmMD

Lacks Sufficient Information

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

Contraceptives

TopBuild

Passed Revenue Filter

TopBuild sells insulation products for buidlings, as well as other home products like rain gutters, glass, and afterpaint. It makes no revenue specifically from serving the fossil fuel industry

0.54%

Toyota Motor

Failed Revenue Filter

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.

Hybrid Cars

TPI Composites

Passed Revenue Filter

TPI Composities generates 96% of its revenue from composite wind blades and related precision molding and assembly systems and the rest from manufacturing composite structures for automotive companies.

0.09%

Wind Turbines

Trane Technologies

Passed Revenue Filter

Trane sells various HVAC products including high efficiency heat pumps, a Drawdown solution.

2.74%

Heat pumps

TransAlta

Failed Utility Filter

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

Electrical Utility

Trimble

No Drawdown Solution

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

Electric Vehicles

Tutor Perini

Failed Defense Filter

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.

Mass Transit

Uber Technologies

No Drawdown Solution

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.

Carpooling

Ultralife

Failed Defense Filter

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

Electric Vehicles

Unitil

Lacks Sufficient Information

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

Electrical Utility

Universal Display

Passed Revenue Filter

Universal Display sells LED products for display and solid-state lighting applications. It also provides contract research services for chemical materials synthesis.

0.56%

Ur-Energy

Pure Play

Ur-Energy explores uranium mineral properties and has a stake in 12 projects in the U.S, helping power nuclear energy, a Drawdown solution.

0.03%

Uranium Energy

Passed Revenue Filter

Uranium Energy extracts and processes uranium, helping power the nuclear energy industry, as well as and titanium concentrates.

0.05%

US Ecology

Failed Landfill Filter

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

Recycling

Valmont Industries

Passed Revenue Filter

Valmont Industries, derives its revenue in part from irrigation efficiency and improving grid flexibility, both Drawdown solutions, through the sale of precision irrigation solutions and structures for utility transmission and distribution, while receiving no revenue from products specifically built for the fossil fuel industry.

0.33%

Efficient Irrigation

Veeco Instruments

Passed Revenue Filter

Veeco sells semiconductor and thin film process equipment, which can be used to make a variety of products including solar PVs, LEDs, and laser diodes.

0.07%

Vertiv Holdings

Lacks Sufficient Information

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

Grid Expansion

Veru

Passed Contraceptive Filter

Veru makes more than 50% of its revenue from selling contraceptives and also develops medicines related to prostate and breast cancer.

0.03%

Village Farms International

Vicor

Failed Defense Filter

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

Grid Expansion

View

Pure Play

View's dynamic glass is cloud-connected, automated, and allows for control of settings through smart devices in order to adjust for heat, lighting, and more.

0.09%

Dynamic Glass

Passed Revenue Filter

Village Farms sells greenhouse grown produce and conducts cannabis operations. It also operates a methane digester power plant and sells electricity generated from the plant to the British Columbia Hydro and Power Authority.

0.05%

Viomi Technology

No Drawdown Solution

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

Smart Thermostat

Vistra

Failed Utility Filter

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

Electrical Utility

Vivint Smart Home

Passed Revenue Filter

Vivint sells cloud-enabled smart home operating systems that enable home owners to run their HVAC and other systems with less energy.

0.12%

VivoPower International

Lacks Sufficient Information

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

Electrical Utility

Waste Connections

Passed Revenue Filter

Waste Connections passes the landfill gas filter, but has no revenue breakdown present for its clean-up of oilfields, which is categorized as fossil fuel revenue.

2.26%

Waste Management

Passed Landfill Filter

Waste Management has 146 out of 268 landfill operations equipped with a landfill gas capture to energy project, meaning it has the majority needed to pass the landfill filter.

4.27%

Watts Water Technologies

Passed Revenue Filter

Watts sells generated 52% of its revenue residential & commercial leak detection and water quality monitoring products, and less than 30% of its revenue from gas products like boilers.

0.40%

WEC Energy Group

Failed Utility Filter

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.

Electrical Utility

WESCO International

Passed Revenue Filter

WESCO sells basic grid upgrade equipment like wires and cables but also smart grid products and range of transformers and distribution hardware.

0.42%

SmartGrid

Westinghouse Air Brake Technologies

No Drawdown Solution

Mass Transit

Westwater Resources

Pure Play

Westwater Resources generates 100% of its revenue from selling battery-ready graphite materials, a key component in battery construction.

0.02%

Whole Earth Brands

Fails Tobacco Filter

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

Plant-based diet

Willdan Group

Passed Revenue Filter

Wildan provides consulting services to clients for primarily for energy efficiency goals, grid optimization, and building retrofits, plus provides civil engineering consulting services as well.

0.03%

Retrofit

Williams Industrial Services Group

Lacks Sufficient Information

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.

Nuclear Power

Workhorse Group

Fraud

Workhorse Group was credibly accused of fraud by a shortselling investor in 2021

Electric Vehicles

Xcel Energy

Failed Utility Filter

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.

Electrical Utility

XL Fleet

Pure Play

XL Fleet. sells various EV products, such as hybrid electric drive systems and electrification-as-a-service, and lithium-ion battery packs. Over 150 million miles have been driven on XL's hybrid systems.

0.05%

XPeng

Pure Play

XPeng sells electric vehicles, including electric sedans for the fast growing Chinese market.

2.55%

Xylem

Passed Revenue Filter

Xylem sells water infrastructure services related to transport and treatment, applied water solutions, and measurement & control solutions like leak detection and remote monitoring. They create no products specifically for the fossil fuel industry.

1.49%

Zoom Video Communications

Pure Play

Zoom offers video, phone, and chat communications technology and services.

4.94%

Zymergen

Lacks Sufficient Information

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

Bioplastics

A. O. Smith

Solar Water

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

Lacks Sufficient Information

AAON

0.24%

Geothermal

AAON sells geothermal/water-source heat pumps, a Drawdown solution. It derives no revenue from products built specifically for the fossil fuel industry.

Passed Revenue Filter

ABB

4.34%

Passed Revenue Filter

Abbvie

Contraceptives

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

Failed Contraceptive Filter

Acuity Brands

0.47%

Advent Technologies Holdings

Acuity sells lighting and building management products, including LED drivers, power suppliers, inverters, and more, and sells no products specifically to the fossil fuel industry

Passed Revenue Filter

Advanced Drainage Systems

Water Distribution

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

Failed Water Filter

Advanced Energy Industries

Energy Storage

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

No Drawdown Solution

0.03%

Advent sells components that influence the performance of hydrogen fuel cells to power, aviataion, automotive markets, and more.

Pure Play

AECOM

Net-zero building

Lacks Sufficient Information

Aemetis

Biomass

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

Fails Biofuel Filter

Agile Therapeutics

0.02%

Agile makes 100% of its revenue from selling a prescription combination hormonal contraceptive patch.

Pure Play

Agrify

0.02%

Algonquin Power & Utilities

Agrify makes its revenue in part from the sale of LED grow lights, a Drawdown solution. It builds no products specifically for the fossil fuel industry.

Passed Revenue Filter

AgroFresh Solutions

0.02%

Food Waste

Agrofresh sells products like packaging solutions that extend the shelf life of food, preventing food waste from the spoilage of produce.

Pure Play

Albemarle

Energy Storage

Failed Revenue Filter

0.71%