The London Stock Exchange’s Green Economy Mark is given to companies and funds that derive more than 50% of revenues from environmental solutions.
The Alumasc Group, the manufacturer and supplier of sustainable building products, systems and solutions, has received London Stock Exchange’s Green Economy Mark.
This classification, first introduced in 2019, was created to highlight companies and investment funds listed on all segments of London Stock Exchange’s Main Market and AIM that are driving the global green economy. To qualify for the Green Economy Mark, companies and funds must generate 50% or more of their total annual revenues from products and services that contribute to the global green economy.
The underlying methodology incorporates the Green Revenues data model developed by FTSE Russell. It provides a detailed taxonomy of environmental goods, products and services, and is designed to recognise both ‘pure-play’ green technology companies, as well as those across all industries that make significant contributions to the transition to a sustainable, low carbon economy.
Paul Hooper, CEO of The Alumasc Group plc, said: “The London Stock Exchange’s Green Economy Mark recognises Alumasc’s contribution to the global green economy. Our business uses sustainable materials to address the challenges of climate change on the built environment.
"Around 80% of Group sales are derived from products which improve building energy efficiency, manage urban water drainage, and improve urban biodiversity and access to green spaces. The Mark will support us in communicating our green credentials to investors and other stakeholders, highlighting our efforts to support the transition to a net zero economy.”
Julia Hoggett, CEO of The London Stock Exchange, said: “Companies that qualify for the Mark play an important role in the global green economy and the shift towards low-carbon business models: they are key to accelerating the transition to a more sustainable economy.”