Itaconix receives the LSE's Green Economy Mark

RNS Number : 2062Z

Itaconix PLC

20 May 2021

 

Strictly embargoed for 07.00: 20^th May 2021

Itaconix plc

("Itaconix" or "the Company")

Itaconix receives the London Stock Exchange's Green Economy Mark

Itaconix (AIM: ITX) (OTCQB: ITXXF), a leading innovator in sustainable specialty polymers, is pleased to announce that it has received the London Stock Exchange's Green Economy Mark in recognition for the Company's contributions to the global green economy.

Itaconix generated 96% of its 2020 revenues from the sale of plant-based products.  The Mark, first introduced in 2019, was created to highlight companies and investment funds listed on all segments of the London Stock Exchange's Main Market, and on 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.

John R. Shaw, CEO of Itaconix, said:

"We are just starting to tap into the potential that our proprietary plant-based technologies have to transition brands and consumers to a low carbon economy, with almost all of our 2020 revenues derived from plant-based products.  The London Stock Exchange's Green Economy Mark is an important recognition for our current work and will support our efforts to communicate our green credentials to investors and other stakeholders.  It is a real honour and achievement for Itaconix to be recognised as an early leader for the Mark in the Advanced Materials industry sector."

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Enquiries:

Itaconix	[phone]
John R. Shaw / Laura Denner
N+1 Singer	[phone]
Peter Steel / James Moat (Corporate Finance) Tom Salvesen (Corporate Broking)
Belvedere Communications	[phone]
John West / Llew Angus

About Itaconix

Itaconix develops and produces bio-based specialty polymers that improve the safety, performance and sustainability of consumer and industrial products, with technology and market leading positions in non-phosphate detergents, odour control, and hair styling.  Itaconic has received the London Stock Exchange's Green Economy Mark in recognition for the Company's contributions to the global green economy and was recognised as an early leader for the Mark in the Advanced Materials industry sector.

www.itaconix.com

 

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