SIG PLC Awarded London Stock Exchange's Green Economy Mark
July 16 2020 - 2:05AM
RNS Non-Regulatory
TIDMSHI
SIG PLC
16 July 2020
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."
- Ends -
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
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END
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