RCS - i(x) Net Zero PLC - MultiGreen Properties Awarded B Corps Status

I (X) Net ZeroAnnouncement

02/09/2022 07:00

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RNS Number : 0265Y  i(x) Net Zero PLC  02 September 2022

REACH

i(x) Net Zero PLC

("i(x) Net Zero" or the "Company")

MultiGreen Properties Awarded Certified B Corporation Status

i(x) welcomes latest US climate legislation

i(x) Net Zero (AIM: IX.), the investing company which focuses on Energy
Transition and Sustainability in the Built Environment, is pleased to
announce that its portfolio company MultiGreen Properties ("MultiGreen"), a
real estate development and operating company dedicated to the building of
attainable, sustainable and technology-enabled multifamily housing, has become
a Certified B Corporation
(https://ixinvestsscom.sharepoint.com/sites/team9/Shared%20Documents/i(x)%20Net%20Zero/PR,%20Branding,%20Website,%20Social%20Media/Press/MGP/Certified%20B%20Corporation(%E2%84%A2)%20(also%20known%20as%20B%20%20%20%20%20%20Corp))
(TM
(https://ixinvestsscom.sharepoint.com/sites/team9/Shared%20Documents/i(x)%20Net%20Zero/PR,%20Branding,%20Website,%20Social%20Media/Press/MGP/Certified%20B%20Corporation(%E2%84%A2)%20(also%20known%20as%20B%20%20%20%20%20%20Corp))
) (also known as B Corp).

 

Certified B corporations are businesses that meet the highest standards of
verified social and environmental performance, public transparency and legal
accountability to balance profit and purpose. Granted by B Lab, a global
non-profit organisation, the B Corp Certification measures a company's entire
social and environmental performance. It aims to redefine success beyond
purely financial returns, to be more inclusive, balancing profit with purpose.

 

Separately, i(x) Net Zero also welcomes the passing of the "Inflation
Reduction Act of 2022" by the US Congress in relation to key legislation
tackling climate change.

 

Subject to becoming law, this piece of legislation allocates approximately
$369 billion to reducing greenhouse gas emissions and incentivises expanded
production and use of domestic clean energy. i(x) Net Zero believes that the
legislation will increase the opportunities for growth available to the
companies in which it is invested.

 

Steve Oyer, CEO of i(x) Net Zero, said: "MultiGreen is creating economic
growth and catalytic social impact in supply-constrained housing markets. The
B Corp status accreditation is further proof that MultiGreen is operating to
the highest sustainability standards with due consideration being given to all
of its stakeholders.

 

"This achievement, coupled with an increasingly positive legislative
environment for companies driving forward the energy transition, as seen with
the Inflation Reduction Act, gives us further confidence in the future growth
of our portfolio companies."

 

Randy C. Norton, Chairman of MultiGreen, commented: "We are incredibly proud
to have joined this esteemed group of companies and organisations that are
working towards an inclusive, equitable and regenerative economy. B Corps are
forces for good and we at MultiGreen, which was founded on the principle that
housing is a human right, believe that we are making a positive difference,
one home at a time."

 

 

 

For further information, visit https://ixnetzero.com/
(https://ixnetzero.com/)  or contact:

 Buchanan
 Helen Tarbet   +44 7872 604 453
 Simon Compton  +44 7979 497 324

 

 

 

 

 

 

 

Notes to Editors

About i(x) Net Zero PLC

i(x) Net Zero PLC is an AIM quoted investing company that provides its
shareholders the opportunity to create long-term capital growth with
positive, scalable, measurable and sustainable impact on the environment and
on the communities it serves.

In accordance with its belief that the world's biggest problems are also the
biggest market opportunities, i(x) Net Zero focuses on two critical areas in
which it aims to make a positive impact: (i) Energy Transition and (ii)
Sustainability in the Built Environment. The Company uses a multi-strategy
investment approach, providing the companies in which it invests with the
expertise and catalytic capital to help them grow. To date, i(x) Net Zero has
invested in biofuels, direct air capture (carbon removal), renewable energy,
sustainable workforce housing and net zero energy construction technology.

i(x) Net Zero is a provisional signatory to the UN Principles for Responsible
Investing. The Company has received the London Stock Exchange's Green
Economy Mark.

 

 

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