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Summary
- The latest UN science panel report has sounded alarm bells, stating temperatures will rise by 1.5-degree Celsius limit from pre-industrial levels by 2030, a decade earlier than previously forecasted.
- The UK has made climate action a priority and is set to host the COP26 talks in Glasgow later this year.
The world is expected to breach the 1.5 degree Celsius warming threshold of pre-industrial levels by 2030, a decade earlier than previously projected in 2018, according to a key assessment report published today by the UN science panel, the Intergovernmental Panel on Climate Change (IPCC).
The 1.5 degree Celsius warming relative to pre-industrial levels threshold is expected to be breached under all scenario analyses by 2040, including intermediate, high and very high scenarios and also had a higher likelihood to be exceeded instead of remaining below 1.5 degree Celsius by 2050, despite all countries agreeing to be a net zero emitter of carbon emissions by 2050.
The Paris Agreement aimed to keep warming levels below 2 degree Celsius, while also aiming to limit warming to 1.5 degree Celsius.
Despite the alarming findings, the IPCC report highlighted that efforts can still be undertaken to ensure that warming does not reach 2 degree Celsius above pre-industrial levels, but it will require drastic and immediate cuts in emissions.
The UK has made climate action a key policy focus, and this report comes as a strong impetus to push for furthering climate action even more, as the UK is set to host a key UN climate summit, the COP26 in Glasgow later this year.
The London Stock Exchange (LSE) started issuing a green economy mark label in 2019, for companies that are tackling climate change and driving the green economy. Let us take a look at 10 LSE listed stocks that are focused on tackling climate change and also have the green economy mark in 2021:
- NANOCO GROUP PLC (LON:NANO)
The main market listed Nanoco Group is a manufacturer and developer of products and services based on nanoparticles, which has widespread applications, including the solar energy industry.
The company recently announced the completion of a non-dilutive loan note subscription for up to £3.15 million in order to boost its organic business and aid in building, cash runway beyond existing productions orders, and other activities,
NANOCO’s market cap stands at £53.72 million as of 9 August and its year to date return is 71.84 per cent.
Read More: Penny stocks: 7 AIM listed green energy options to look at
- Good Energy Group Plc (LON:GOOD)
FTSE AIM All-Share constituent Good Energy Group is a renewable energy company based in the UK.
Energy company Ecotricity Group Ltd took its takeover bid offer for the company directly to its shareholders after the company rejected its earlier bid offers.
The new bid is valued at up to £59.5 million, however, Good Energy urged its shareholders to reject the offer due to it undervaluing the company.
The company is among one of the highest in the climate change focused stocks on the LSE, holding a Green Economy Mark label. Good’s market cap stands at £54.59 million as of 9 August, and its year-to-date return is at 86.33 per cent.
- Water Intelligence Plc (LON:WATR)
Another FTSE AIM All-Share constituent Water Intelligence is a leading environmental services and technology company focused on water conservation management.
The company recently announced its unaudited H1 2021 trading results, reporting revenue for the period rose by 44 per cent to US$ 24.7 million from US$ 17.1 million in H1 2020. It also showed an increase of 92 per cent in statutory profit before tax to US$ 3.8 million from US $2 million in H1 2020.
The strong performance was due to growth in its core business units, American Leak Detection and Water Intelligence International.
Water’s market cap stands at £54.59 million as of 9 August, and its year-to-date return is at 86.33 per cent.
- Eenergy Group Plc (LON:EAAS)
Eenergy Group is a tech company driving net zero strategies using energy as a service. It is also listed on the FTSE AIM All-Share index.
The company recently announced its FY 2021 results, reporting revenue rose by 200 per cent to £13.5 million, from £4.5 million FY 2020 due to strong organic growth and entering the energy management market.
It also reported its maiden profit, announcing profit before and after tax and before exceptional items of £0.1 million in FY 2021.
Eenergy’s market cap stands at £48.02 million as of 9 August, and its year-to-date return is at 62.92 per cent.
- Volution Group Plc (LON:FAN)
FTSE 250 index listed company Volution Group is a leading ventilation equipment manufacturer.
The company recently announced the acquisition of low carbon heat exchanger cells maker Energy Recovery Industries worth up to EUR 23.4 million, on a debt-free and cash-free basis for initial consideration.
Volution’s market cap stands at £959.70 million as of 9 August, and its year-to-date return is at 71.33 per cent.
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- Blackbird Plc (LON: BIRD)
Another FTSE AIM All-Share index constituent Blackbird is a cloud native video editing platform. The company will announce its FY 2021 results on 13 September.
The company recently announced it had started trading on the US OTC market to gain access to North American regions. It is trading under the ticker symbol BBRDF.
Blackbird’s market cap stands at £113.30 million as of 9 August, and its year-to-date return is at 66.58 per cent.
- Impax Asset Management Group Plc (LON: IPX)
FTSE AIM UK 50 index constituent Impax Asset Management is an investment management firm focused on investing in businesses geared towards the transition towards a sustainable global economy.
The company recently announced its Q3 2021 asset under management (AUM) update, reporting an increase of 14.8 per cent in Q3 2021 to £34.4 billion due to a rise in asset owner interest towards a sustainable global economy.
Impax Asset Management ’s market cap stands at £1670.72 million as of 9 August, and its year-to-date return is at 80.80 per cent.
Also Read: How Can UK’s New £10-Mn Green Finance Push Impact Climate Talks
- RPS Group Plc (LON:RPS)
FTSE All-Share index listed company RPS Group is a global professional services firm.
The company recently announced an update on one of its core thematics, Natural Resources, stating the launch of a new global platform RPS Renewables to provide renewable energy consultancy services.
RPS Group’s market cap stands at £299.71 million as of 9 August, and its year-to-date return is at 53.05 per cent.
- SIG Plc (LON: SHI)
Another FTSE All-Share index listed company SIG Plc is a specialist building solutions supplier.
The company recently announced its H1 2021 trading update reporting like-for-like growth of 33 per cent compared to H1 2020 and 1 per cent from H1 2019 levels due to improved organic sales.
SIG’s market cap stands at £567.62 million as of 9 August, and its year-to-date return is at 48.67 per cent.
- BIFFA Plc (LON:BIFF)
FTSE 250 index constituent BIFFA is a waste management company.
The company recently announced in its trading update that due to strong recovery, the board had raised its guidance for FY 2022 adjusted earnings before interest and tax by 10 per cent.
BIFFA’s market cap stands at £1,113.94 million as of 9 August, and its year-to-date return is at 56.64 per cent.
