London Stock Exchange celebrates the Green Economy Mark 2022 cohort
Lord Callanan - Parliamentary Under Secretary of State (Minister for Business, Energy and Corporate Responsibility) and our London Stock CEO Julia Hoggett, opened the market yesterday to celebrate the Green Economy Mark 2022 cohort. The full list of 108 companies and funds can be found in the London Stock Exchanges third annual Green economy report here.
Leveraging the work we are doing with the Green Economy Mark, this year’s report is a comprehensive guide to companies that are on the front line of the green economy, who as a group are contributing in diverse ways: turning waste into energy, providing sustainable agricultural solutions, and greening the transport sector to name a few.
What is the green economy mark and why is it important?
The Green Economy Mark recognises London-listed companies and funds that derive more than 50% of their revenues from products and services that are contributing the environmental objectives such as climate change mitigation and adaptation, waste and pollution reduction, and the circular economy.
With a growing proportion of asset owners and managers seeking to deploy capital into sustainable investments, the Mark provides an investible universe of ‘green economy’ equities, enabling a broad exposure, rather than a focus on one area.
The 2022 Green Economy Mark Cohort
This year, the Green Economy Mark has been provided to 108 companies with a combined market capitalisation of £156bn. Classified as a sector in its own right, the Green Economy Mark cohort would be the fourth largest in terms of capital raising since 2020.
- Two sectors - financials and industrials - account for more than half (54%) of all Green Economy Mark issuers.
- The fastest-growing sector by market capitalisation is consumer discretionary which increased by 163% from the previous year, reflecting the inclusion of large enterprises earning green revenues from sustainable housing, transport and consumer product recycling.
- There are more early-stage companies holding the Green Economy Mark this year: 25 of them are less than five years old – a 56% increase from the previous year owing to the increase in green funds listing in London.
