Xeros is recognised by the London Stock Exchange as contributing to the global ‘Green Economy’
Xeros Technology Group is among the first cohort of companies and funds to be awarded London Stock Exchange’s new Green Economy Mark.
This new classification, introduced on 11 October 2019, has been 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.
Mark Nichols, CEO Xeros said: “As our planet and its natural resources become increasingly stressed, businesses and consumers are turning to companies like ours to offer sustainable alternatives. Just 3.5% of companies listed in London have received this award from the Stock Exchange, which acknowledges the work we are doing to create products that help to protect the environment for future generations.”
We’re delighted to announce the first group of companies and funds that are receiving 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 launch of the Green Economy Mark underlines our commitment supporting issuers and investors in the transition to a greener economy.
Nikhil Rathi, CEO, London Stock Exchange plc and Director, International Development, LSEG