Last checked at 11 Oct 2019 11:46
11 October 2019
Aquila European Renewables Income Fund awarded new Green Economy Mark by
the London Stock Exchange
Aquila European Renewables Income Fund ("AERIF" or the "Company") the London-listed investment company advised by Aquila Capital Investmentgesellschaft mbh has today announced that it is among the first beneficiaries of the Green Economy Mark. This new Green Economy classification and mark has been launched by the London Stock Exchange for those listed companies and funds which derive over half of their total annual revenues from products and services that contribute to the global green economy. Aquila European Renewables Income Fund meets the criteria and will be included within the first cohort to be recognised in this way.
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.
The London Stock Exchange launched the Green Economy Mark today at its inaugural 'Sustainable Finance and Investment Summit.'
Ian Nolan, Chairman, of the Company said:
"The Board welcomes this move by the London Stock Exchange to single out those companies and funds which are truly focused on the green economy. With many investors looking to benefit from the ongoing transition to a sustainable low carbon world, it is important that investors have an easy means to identify those companies and funds which are truly aligned to this. We are extremely pleased to be recognised in this way and to be among the first beneficiaries of this accreditation."
Nikhil Rathi, CEO, London Stock Exchange plc and Director, International Development, LSEG said:
"We're delighted to announce the first group of companies and funds that are receiving the Green Economy Mark. There is growing investor demand for actionable climate and environment-related financial information, with global asset allocations to green and sustainable finance increasing each year. The launch of the Green Economy Mark underlines our commitment supporting issuers and investors in the transition to a greener economy."
LEI: 213800UKH1TZIC9ZRP41
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NOTES
Aquila European Renewables Income Fund ("AERIF" or the "Company") is a recently established, London-listed renewable energy infrastructure investment company with the aim to provide investors with an attractive long-term, income-based return in EUR through a diversified portfolio of hydropower, onshore wind and solar PV investments across continental Europe and Ireland. Through the diversification of generation technologies, the seasonal production patterns of these asset types complete each other to balance the cash flow, while the geographic diversification serves to reduce exposure to one single energy market. AERIF is targeting an aggregate annual yield of 5.0% once fully invested.
Further details can be found on AERIF 's website at www.aquila-european-renewables-income-fund.com