Costain obtains LSE Green Economy Mark
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Costain Group PLC ("Costain", or the "Group") has obtained the London Stock Exchange's Green Economy Mark, highlighting the sustainability and environmental benefits delivered through the Group's services.
The Green Economy Mark identifies companies and funds admitted to the London Stock Exchange's markets that generate at least half of their total annual revenue from products and services that contribute to the global green economy. Costain is one of 102 corporates and funds that hold the Green Economy Mark, representing 6% of all those listed on the London Stock Exchange.
To assess the contribution, London Stock Exchange utilises the FTSE Russell Green Revenues Classification System (GRCS). The GRCS acts as a comprehensive taxonomy for green products and services to help investors identify a company's green revenue activities.
Alex Vaughan, CEO, Costain, commented: "The Green Economy Mark is testament to our commitment to deliver connected, sustainable infrastructure. It's an endorsement that will give confidence to our investors and stakeholders regarding our support for the UK's sustainability priorities."
Julia Hoggett DBE, CEO of the London Stock Exchange Plc, added: "Congratulations to Costain 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."
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