The Anglo-Dutch company announced yesterday (November 5) that it has been awarded the Mark, which recognises companies and investment funds that derive 50% or more of total revenues from the ‘green economy’.
This comes just a few weeks after Biffa plc announced on October 16 that it too had received the accreditation.
According to the full London Stock Exchange list, other recipient companies in the waste and recycling arena include hazardous waste specialist Augean plc, packaging and recycling company Smufit Kappa and Pennon Group plc. Pennon is the parent company of waste management firm Viridor.
Investors
Launched on October 11, the Green Economy Mark is intended to address growing demand among investors for green products and “improve the profile and visibility of companies in the sector”.
Otto de Bont, chief executive of Renewi, said: “We are extremely pleased to have been recognised by the London Stock Exchange as a company committed to environmental sustainability. Contributing to a cleaner, circular world is intrinsically important to everything we do at Renewi; it is the value that drives each and every one of our products and solutions.”
Renewi and Biffa are in the first group of companies to be recognised by the London Stock Exchange.
Commenting on Biffa’s award last month, Michael Topham, chief executive of Biffa plc, said: “We are the leader in sustainable waste management and sustainability is embedded in all that we do at Biffa – whether that be the efficient way we run our trucks, our investment in recycling technology or more broadly our contribution to the circular economy.
“We are therefore delighted that Biffa has been recognised with this prestigious accreditation and look forward to giving further detail around our goals in this area with our new sustainability strategy which will launch during the second half of the financial year.”
Sectors
According to the London Stock Exchange, industry sectors with qualifying revenue include ‘waste-to-energy’, ‘recyclable products’ and ‘waste management’.
The Green Economy Mark enables investors to recognise a broad range of green investment opportunities, rather than a focus on one area, such as renewable energy infrastructure.
Nikhil Rathi, chief executive of the London Stock Exchange plc, said: “We’re delighted to announce the first group of companies and funds that are receiving the Green Economy Mark.
“There is growing investor demand for actionable climate and environment-related financial information, with global asset allocations to green and sustainable finance increasing each year. The launch of the Green Economy Mark underlines our commitment supporting issuers and investors in the transition to a greener economy.”
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