Synthomer plc receives Green Economy Mark

RNS Number : 8107F

Synthomer PLC

20 July 2021

 

20 July 2021

Synthomer plc received London Stock Exchange's Green Economy Mark

· Synthomer 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.

Synthomer is a global differentiated chemicals company and one of the world's leading suppliers of sustainable water-based polymer solutions.  With strong geographic and end market diversity combined with increasing product differentiation, Synthomer holds leadership positions in a wide range of markets including coatings, construction, textiles, paper, adhesives, healthcare and oil & gas.

Synthomer plc is a FTSE 250 company listed on the UK Stock Exchange and has its operational headquarters in London, UK.

Synthomer plc 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.

Calum MacLean, CEO of Synthomer plc, said:

"We are pleased to have received London Stock Exchange's Green Economy Mark, recognising Synthomer's contribution to the global green economy. The Mark supports Synthomer in communicating our strong environmental, social and governance (ESG) credentials to investors and other stakeholders, highlighting our efforts to support the transition to a net zero economy."

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For further information:

Tim Hughes, President, Corporate Development   Tel: [phone]

 

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