5 Best Climate Change Stocks To Invest In

1. Deere & Company (NYSE:DE)

Number of Hedge Fund Holders: 63

Deere & Company (NYSE:DE), also known as John Deere, makes agricultural machinery, heavy equipment, forestry machinery, engines used in heavy equipment, and lawn care equipment. In October 2022, Deere & Company (NYSE:DE) announced that its emissions reduction targets have been validated by the Science Based Targets initiative (SBTi). Deere & Company (NYSE:DE) is also coming up with solutions for the climate change problem. ExactShot™, its new on-planter fertilizer system, optimizes fertilizer usage by registering when individual seeds are planted. It sprays the precise amount of starter fertilizer directly onto the seed as it goes into the soil. ExactShot can reduce the amount of starter fertilizer used by up to 60%.

In 2022, Deere & Company (NYSE:DE) achieved a 29% cumulative reduction of operational greenhouse gas emissions since 2017, surpassing its original goal of 15%.

As of the end of the fourth quarter of 2022, 63 hedge funds tracked by Insider Monkey reported owning stakes in Deere & Company (NYSE:DE).

You can also take a peek at 10 Best Delivery Stocks To Buy Now and 10 High Growth Retail Stocks That Are Profitable.