LONDON, UK: CyanConnode Holdings plc, a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, has been awarded the Green Economy Classification & Mark by the London Stock Exchange.
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.
John Cronin, Executive Chairman, commented: “We are pleased to have received London Stock Exchange’s Green Economy Mark, recognising CyanConnode’s contribution to the global green economy. The Mark supports the Company in communicating our green credentials to investors and other stakeholders, highlighting our efforts to support the transition to a low or net zero economy.”