Last checked at 16 Jul 2020 07:00
16 July 2020
SIG plc
Awarded London Stock Exchange's Green Economy Mark
SIG plc ("SIG"), a leading supplier of specialist building products and solutions to trade customers across the UK, Ireland and Mainland Europe, is delighted to announce that it has been awarded the Green Economy Mark by the London Stock Exchange.
The classification, first introduced in 2019, highlights companies and investment funds listed on the London Stock Exchange's Main Market or on AIM that are driving the global green economy. To qualify for the Green Economy Mark, an issuer must generate 50% or more of its total annual revenues from products and services that contribute to the global green economy.
The underlying methodology is the Green Revenues taxonomy developed by FTSE Russell as part of the FTSE Environmental Markets Classification System. It identifies industrial sectors and subsectors that are contributors to a greener, more sustainable economy such as climate change mitigation and adaptation, water, resource extraction, pollution and sustainable agriculture.
The Green Economy Mark enables investors to identify an investible universe of 'green economy' equities, enabling a broad exposure, rather than a focus on one area, such as renewable energy infrastructure. Less obvious environmental solutions are more visible and able to attract green or climate aware investors and capital.
Steve Francis, CEO, commented:
"SIG plays an important part in a critical industry. Our mission is to enable modern, sustainable and safe living and working environments in the communities in which we operate, and we fully recognise and commit to our responsibilities in driving efficient, sustainable operations both within the business, and in the industry.
We are delighted to be recognised under this initiative by the London Stock Exchange and welcome the opportunity to input into a sustainable economy. We look forward to making further progress on our sustainability activities, such as the reduction of our carbon footprint and more robust waste segregation policies by better understanding the whole supply and disposal chain, and we will continue to focus on driving improvements for a more sustainable future."
Denzil Jenkins, Interim CEO, London Stock Exchange plc said:
"We're delighted to announce the 2020 group of companies and funds that have received 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 Green Economy Mark underlines London Stock Exchange's commitment supporting issuers and investors in the transition to a greener economy."
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Enquiries
SIG plc
Steve Francis, Chief Executive Officer +44 (0) 114 285 6300
Katharine Baxter, Group Head of Communications +44 (0) 114 285 6300
FTI Consulting
Richard Mountain / Susanne Yule +44 (0) 20 3727 1340