• The Green Economy Mark demonstrates how Costain’s services are delivering environmental benefits. 

Costain, the infrastructure solutions company, has obtained the London Stock Exchange’s Green Economy Mark, highlighting the sustainability and environmental benefits delivered through its services.  

GEM Green

 

The Green Economy Mark, first introduced in 2019, identifies companies and funds admitted to the London Stock Exchange 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. 

Obtaining the Mark means Costain has already exceeded its 2030 target of having 30% of revenue coming from green projects.  

To assess an issuer’s contribution to the green economy, 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.  

Costain delivers sustainable infrastructure through low carbon engineering, promoting nature-based solutions, efficient use of resources, circular economy principles and by incorporating resilience to climate change. It supports the green economy across the infrastructure ecosystem, including decarbonising the UK’s energy network, upgrading its rail infrastructure, and building water resilience. 

“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.”

Alex Vaughan Costain CEO

The news comes after Costain recently announced it has successfully trialled a carbon tracker platform to standardise and improve Scope 3 carbon emissions reporting across its projects.  

“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.”

Julia Hoggett DBE CEO of the London Stock Exchange Plc
Tideway tunnel in green with neon lights Tideway tunnel in green with neon lights
Credit: Tideway

Contact

George Parrett
Head of Media

[email protected] 

 

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