Last checked at 27 Jul 2020 07:00
Water Intelligence receives London Stock Exchange's Green Economy Mark
Water Intelligence plc (AIM: WATR.L) ("Water Intelligence" or "Group"), a leading multinational provider of precision, minimally-invasive leak detection and remediation solutions for both potable and non-potable water is pleased to announce that it has been recognised by London Stock Exchange as contributing to the global green economy.
The Group has received London Stock Exchange's Green Economy Mark ("Mark"). The Mark identifies companies that derive a significant amount of their sales from green economy products and services. Water Intelligence has been dedicated to providing minimally-invasive technology-based solutions to homeowners, property management, insurers and municipalities to address issues of clean water loss and sanitary overflow of wastewater.
The current importance of safeguarding our water infrastructure is underscored by two systemic realities facing our world: first, Covid-19 highlights the importance of "essential services," such as water security, as citizens "shelter-in-place"; and second, the consequences of climate change - droughts, sanitary overflow from storm run-off, burst pipes from flash freezing - increase the price of water and make manifest the need for more effective infrastructure solutions.
The Green Economy Mark, 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. Its underlying methodology incorporates the Green Revenues data model developed by FTSE Russell.
Executive Chairman, Dr. Patrick DeSouza, stated: "We are proud to have received London Stock Exchange's Green Economy Mark. The designation enables Water Intelligence to better communicate its green credentials to investors and other stakeholders. We have achieved an outstanding five-year compounded annual growth. We are also on a mission to provide private sector leadership for the important public good of water security. We look forward to the future as we roll-out our next line of products for sewer and wastewater diagnostics and for irrigation management."
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."