REG - Alumasc Group Plc - Alumasc receives Green Economy Mark

AlumascAnnouncement

17/11/2021 07:00

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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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