5 Best Climate Change Stocks To Invest In

4. Linde plc (NYSE:LIN)

Number of Hedge Fund Holders: 56

Ireland-based Linde plc (NYSE:LIN) is a chemical company. Linde plc (NYSE:LIN) has announced ambitious goals to cut carbon emissions and is also investing heavily on climate change solutions. In December 2022, Linde plc (NYSE:LIN) announced that CDP, a non-profit that helps companies disclose their environmental impact, awarded it a double ‘A’ for its approach to tackling both water security and climate change.

As of the end of the last quarter of 2022, 56 hedge funds tracked by Insider Monkey reported owning stakes in Linde plc (NYSE:LIN). The biggest stakeholder of Linde plc (NYSE:LIN) was Ian Simm’s Impax Asset Management which had a $945 million stake.

Madison Funds made the following comment about Linde plc (NYSE:LIN) in its fourth-quarter 2022 investor letter:

“Linde plc (NYSE:LIN) stock was strong during the fourth quarter following a solid third quarter. Linde remains well positioned with the passage of the Inflation Reduction Act and energy transition with carbon dioxide sequestration opportunities, gasification services, and various hydrogen projects. Linde and Schlumberger announced that they entered into a collaboration of carbon capture, utilization, and sequestration (CCUS) projects to accelerate decarbonization solutions across industrial and energy sectors. The collaboration will combine decades of experience in carbon dioxide capture and sequestration. The collaboration will focus on hydrogen and ammonia production where carbon dioxide is a by-product. The International Energy Agency estimates that 6 Gigatons of carbon dioxide will need to be abated with CCUS in order to reach net zero by 2050. During the quarter, Linde also announced that it became a signatory to the United Nations Global Compact (UNGC), the world’s largest corporate sustainability initiative. As a signatory, Linde has committed to aligning its strategy and activities with the UNGC’s Ten Principles across human rights, labor, environment, and anti-corruption.”