LONDON: Active Energy, the international biomass based renewable energy business, announced that it has been awarded the Green Economy Mark by the London Stock Exchange (LSE).
The Green Economy Mark, first introduced in 2019, highlights companies and investment funds listed on the LSE’s Main Market or on AIM that are driving the global green economy. To qualify for the Green Economy Mark, an issuer must generate 50% or more of its total annual revenues from products and services that contribute to the global green economy. Its underlying methodology incorporates the Green Revenues data model developed by FTSE Russell.
The Green Economy Mark allows greater visibility for investors interested in Green Economy activities and recognises those companies that are contributing to a greener and more sustainable economy. The LSE is the first exchange in the world to introduce such a certification.
Michael Rowan, CEO, Active Energy Group, said: “We are proud to have received the LSE’s Green Economy Mark. The award validates Active Energy’s green credentials, achieved through the development of our CoalSwitchTM technology. Our strategy continues to focus on development of environmental and sustainable biomass solutions from our operations hub at Lumberton and we look forward to updating all stakeholders on future developments.”