SAE Renewables Limited (LON:SAE) has announced that the London Stock Exchange has provided it with the Green Economy Mark.
The Green Economy Mark, first introduced in 2019, was created to assist investors in identifying an investible universe of ‘green economy’ equities. The Green Economy Mark identifies companies and funds, admitted to the London Stock Exchange’s markets, that generate 50% or more of total annual revenues from products and services that contribute to the global green economy.
To assess an issuer’s contribution to the green economy, London Stock Exchange utilises the FTSE Russell Green Revenues Classification System (GRCS). The GRCS is a data classification system developed by FTSE Russell, as a comprehensive taxonomy for green products and services to help investors identify a company’s green revenue activities. It takes a broad, bottom-up view of the green economy, capturing products and services across the whole value chain.
