Alumasc Group PLC Alumasc receives Green Economy Mark (5909S)
November 17 2021 - 1:00AM
UK Regulatory
TIDMALU
RNS Number : 5909S
Alumasc Group PLC
17 November 2021
17 November 2021
The Alumasc Group plc receives London Stock Exchange's
Green Economy Mark
-- The Alumasc Group 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.
-- The Alumasc Group plc provides high-quality, low carbon,
sustainable building products, systems and solutions which help
manage the scarce resources of energy and water in the built
environment and improve quality of life for the owner/occupier.
The Alumasc Group plc ('Alumasc' or the 'Group'), the
manufacturer and supplier of sustainable building products, systems
and solutions, 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.
Paul Hooper, CEO of The Alumasc Group plc, said:
"We are delighted to have received London Stock Exchange's Green
Economy Mark, recognising Alumasc's contribution to the global
green economy. Our business uses sustainable materials to address
the challenges of climate change on the built environment. Around
80% of Group sales are derived from products which improve building
energy efficiency, manage urban water drainage, and improve urban
biodiversity and access to green spaces. The Mark will support us
in communicating our green credentials to investors and other
stakeholders, highlighting our efforts to support the transition to
a net zero economy."
Julia Hoggett, CEO of The London Stock Exchange, said:
"Congratulations to Alumasc on receiving the Green Economy Mark,
which recognises companies that derive more than 50% of their
revenues from green products and services. Companies that qualify
for the Mark play an important role in the global green economy and
the shift towards low-carbon business models: they are key to
accelerating the transition to a more sustainable economy."
- Ends -
For further information:
The Alumasc Group plc
Paul Hooper, CEO +44 (0) 1536 383844
Simon Dray, Group Finance Director +44 (0) 1536 383844
Peel Hunt (Broker)
Mike Bell + 44 (0) 207 418 8831
Ed Allsopp
finnCap (NOMAD)
Julian Blunt + 44 (0) 207 220 0561
Camarco
Ginny Pulbrook + 44 (0) 203 757 4992
Dan Sherwen
Notes to Editors:
Alumasc is a UK-based supplier of premium building products,
systems and solutions. Almost 80% of Group sales are driven by
building regulations and specifications (developers/housebuilders,
architects, and structural engineers) because of the performance
characteristics offered.
The Group has three business segments with strong positions and
brands in their individual markets. The three segments are:
Building Envelope; Water Management; and Housebuilding
Products.
Almost 80% of Group sales are driven by building regulations and
specifications.
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END
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