Alumasc receives Green Economy Mark

RNS Number : 5909S

Alumasc Group PLC

17 November 2021

 

17 November 2021

The Alumasc Group plc receives London Stock Exchange's

Green Economy Mark

· The Alumasc Group plc recognised by London Stock Exchange as contributing to the global green economy.

· The Mark is given to companies and funds that derive more than 50% of revenues from environmental solutions.

· The Alumasc Group plc provides high-quality, low carbon, sustainable building products, systems and solutions which help manage the scarce resources of energy and water in the built environment and improve quality of life for the owner/occupier.

The Alumasc Group plc ('Alumasc' or the 'Group'), the manufacturer and supplier of sustainable building products, systems and solutions, has received London Stock Exchange's Green Economy Mark.

This classification, 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. To qualify for the Green Economy Mark, companies and funds must generate 50% or more of their total annual revenues from products and services that contribute to the global green economy.

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.

Paul Hooper, CEO of The Alumasc Group plc, said:

"We are delighted to have received London Stock Exchange's Green Economy Mark, recognising Alumasc's contribution to the global green economy. Our business uses sustainable materials to address the challenges of climate change on the built environment.  Around 80% of Group sales are derived from products which improve building energy efficiency, manage urban water drainage, and improve urban biodiversity and access to green spaces. The Mark will support us in communicating our green credentials to investors and other stakeholders, highlighting our efforts to support the transition to a net zero economy."

Julia Hoggett, CEO of The London Stock Exchange, said:

"Congratulations to Alumasc on receiving the Green Economy Mark, which recognises companies that derive more than 50% of their revenues from green products and services. Companies that qualify for the Mark play an important role in the global green economy and the shift towards low-carbon business models: they are key to accelerating the transition to a more sustainable economy."

- Ends -

For further information:

The Alumasc Group plc

Paul Hooper, CEO                                              [phone]

Simon Dray, Group Finance Director             [phone]

Peel Hunt (Broker) 

Mike Bell + 44 (0) 207 418 8831

Ed Allsopp

finnCap (NOMAD)

Julian Blunt  + 44 (0) 207 220 0561

Camarco

Ginny Pulbrook + 44 (0) 203 757 4992

Dan Sherwen

Notes to Editors:

Alumasc is a UK-based supplier of premium building products, systems and solutions. Almost 80% of Group sales are driven by building regulations and specifications (developers/housebuilders, architects, and structural engineers) because of the performance characteristics offered.

The Group has three business segments with strong positions and brands in their individual markets. The three segments are: Building Envelope; Water Management; and Housebuilding Products.

Almost 80% of Group sales are driven by building regulations and specifications.

 

END

 

 

MSCDKABKOBDDBDD