RCS - SIMEC AtlantisEnergy - SAE provided with LSE’s Green Economy Mark

SIMEC Atlantis EnergyAnnouncement

16/08/2024 09:30

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RNS Number : 7661A  SIMEC Atlantis Energy Limited  16 August 2024

16 August 2024

 

 

SIMEC Atlantis Energy Limited

("SAE Renewables", "SAE" or the "Company")

 

 

SAE has been provided with London Stock Exchange's Green Economy Mark

 

SAE is pleased to announce that the London Stock Exchange has provided it with
the Green Economy Mark.

 

The Green Economy Mark, first introduced in 2019, was created to assist
investors in identifying an investible universe of 'green economy' equities.
The Green Economy Mark identifies companies and funds, admitted to the London
Stock Exchange's markets, that generate 50% or more of total annual revenues
from products and services that contribute to the global green economy.

 

To assess an issuer's contribution to the green economy, London Stock Exchange
utilises the FTSE Russell Green Revenues Classification System ("GRCS"). The
GRCS is a data classification system developed by FTSE Russell, as a
comprehensive taxonomy for green products and services to help investors
identify a company's green revenue activities. It takes a broad, bottom-up
view of the green economy, capturing products and services across the whole
value chain.

 

SAE is a developer, owner and operator of sustainable energy projects. SAE's
business is aligned with the UK's binding Net Zero targets, which ensures it
is working in harmony with national objectives. SAE is one of the leading BESS
developers in the UK and is the world's leader in tidal stream operations and
development.

 

Graham Reid, CEO of SAE said:

 

"We are delighted to have been provided with the Green Economy Mark,
demonstrating our clear commitment to being a sustainable business for our
planet and our shareholders. The Green Economy Mark helps ensure that our
investors and stakeholders understand our green credentials and our efforts to
support the transition to a low carbon economy."

 

Julia Hoggett, CEO of the London Stock Exchange, added:

 

"Congratulations to SAE on obtaining the Green Economy Mark, which highlights
companies or funds that derive 50% or more of total annual revenues from
products and services that contribute to the global green economy. Companies
within the Green Economy Mark cohort play an important role in accelerating
the transition to a more sustainable economy."

 

 

- Ends -

 

 

For further information, please contact:

 

 SAE Renewables                                           +44 (0)7739 832 446

 Sean Parsons, Director of External Affair

 Strand Hanson Limited (Nominated and Financial Adviser)  +44 (0)20 7409 3494

 Richard Johnson

 Rory Murphy

 David Asquith

 Zeus Capital Limited (Broker)                            +44 (0)20 3829 5000

 Louisa Waddell

 Simon Johnson

 

Notes to Editors

SAE Renewables is a global developer, owner and operator of sustainable energy
projects. SAE owns the world's flagship tidal stream project, MeyGen. SAE is
also the owner of the Uskmouth Power Station site that is being repurposed
into a sustainable energy park, initially housing one of the UK's largest
battery energy storage projects. https://www.saerenewables.com/
(https://www.saerenewables.com/)

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