Surface Transforms plc (LON:SCE) manufacturers of carbon fibre reinforced ceramic automotive brake discs, has announced that the Company has received London Stock Exchange’s Green Economy Mark.
The award, first introduced in 2019, was created to highlight companies and investment funds listed on all segments of the market that are driving the green economy. To qualify for the Green Economy Mark, companies and investment funds must generate 50% or more of their total annual revenues from products and services that contribute to the global green economy. The award recognises both “pure-play” green technology companies, as well as those across all industries that are making a significant contribution to the transition to a sustainable low carbon economy. Only 108 of all London listed companies have qualified for the award.
Kevin Johnson (CEO) said: “We are delighted to receive this recognition. We are proud that our technology is assisting the reduction in the carbon footprint of the automotive industry, through engine emissions (lighter weight), accelerating the use of electric vehicles and reduced brake pad dust. These issues have long been of crucial importance to our customers and we are now increasingly seeing the same focus from investors. Our work on ESG will remain central to how we continue to develop the Company.”