DG Innovate Awarded LSE Green Economy Mark
03/05/2022 07:00
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RNS Number : 7709J DG Innovate PLC 03 May 2022
REACH
3 May 2022
DG Innovate plc
("DG Innovate" or the "Company")
DG Innovate received London Stock Exchange's Green Economy Mark
· DG Innovate 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.
· DG Innovate is an advanced research and development company
pioneering sustainable and environmentally considerate improvements to
electric mobility and storage, using abundant materials and the best
engineering and scientific practices.
DG Innovate 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.
Commenting, Christopher Theis, CEO of DG Innovate, said:
"We are pleased to have received London Stock Exchange's Green Economy Mark,
recognising DG Innovate's contribution to the global green economy. Our
ethical and ecological values are what drive our quest for innovation and
sustainable solutions. DG Innovate's advanced high efficiency electric drive
systems and sodium based energy storage, represent cleaner more energy
efficient and more sustainable solutions for the "electric revolution".
Compared to the use of lower efficiency drivelines and lithium cells, our
approach takes a lead in planet consideration and performance. The use of
sodium removes the environmentally unsound and large carbon footprint
associated with both lithium and cobalt from the supply chain, whilst our
drive system reduces copper usage to a minimum. 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."
Julia Hoggett, CEO of the London Stock Exchange, added:
"Congratulations to DG Innovate 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."
For further information please contact:
DG Innovate plc C/O IFC
Christopher Theis
Jack Allardyce
IFC Advisory (Financial PR & IR) 020 3934 6630
Tim Metcalfe
Zach Cohen
Grant Thornton UK LLP (Financial Adviser) 020 7383 5100
Samantha Harrison
Harrison Clarke
Daphne Zhang
Ciara Donnelly
ETX Capital (Broker) 020 7392 1400
Tom Curran
Thomas Smith
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