Good Energy Group PLC, the 100 per cent renewable electricity supplier and innovative energy services provider which is based in Chippenham, Wiltshire has been awarded the Green Economy Classification and Mark, a new initiative launched by the London Stock Exchange Group (LSEG) identifying London-listed companies and funds that generate more than 50 per cent of total annual revenues that contribute to the global green economy.
The creation of this Green Economy Mark allows greater visibility for investors that are interested in Green Economy activities and recognises those companies that are contributing to a greener more sustainable economy. The LSE is the first exchange in the world to introduce such a certification.
The initiative was launched on Friday 11 October, at the ‘Sustainable Finance and Investment Summit’ hosted at the London Stock Exchange, with panel discussions and presentations covering topics on sustainable economic growth creation and the future of regulation driven by climate investment risks.
Juliet Davenport, Founder and CEO of Good Energy said: “It’s great that Good Energy has been recognised by London Stock Exchange for its longstanding role in making the economy cleaner and greener. Good Energy is leading the market in a shift to low carbon energy services, as the UK moves towards a zero-carbon economy. The Green Economy Mark is really timely and means that investors in Good Energy can be reassured that their investment won’t cost the earth.”
Nikhil Rathi, CEO, London Stock Exchange plc & Director of International Development, LSEG said: “London Stock Exchange Group’s position at the heart of global financial markets means that we are ideally placed to support issuers and investors in the transition to a sustainable, low-carbon economy. As a leading centre of green finance, London Stock Exchange was the first major exchange to launch a dedicated Green Bond Segment and is now the first to introduce a green economy classification for equities.
“We continue to see growing investor demand for actionable climate related financial information, with global asset allocations to green and sustainable finance increasing each year. The launch of the Sustainable Bond Market and the Green Economy Mark underline our commitment to finding innovative solutions to support issuers and investors in the transition to a greener economy.”