International waste-to-product business, Shanks Group plc (LSE: SKS) has opened it’s trading at the London Stock Exchange (“LSE”) to mark its Green Bonds being the first retail offering to be listed on the LSE’s Green Market.
Shanks launched its Green Bonds at the end of May in Belgium and Luxembourg. In order to be classed as Green Bonds, they had to meet stringent criteria which demonstrated that the funds will be used for environmentally beneficial purposes.
The market opening ceremony celebrated that Shanks’ Green Bond is the first retail offering to be listed on the LSE’s Green Market. The ceremony was attended by Shanks’ Chairman, Adrian Auer; Group Chief Executive Peter Dilnot, Group Finance Director Toby Woolrych and other members of Shanks’ management, employees and advisers. Shanks was also joined by the banks involved in its Green Bond issue, BNP Paribas Fortis and KBC Bank.
Peter Dilnot, Group Chief Executive of Shanks Group plc, said:
“As a leading waste-to-product company, we are delighted to open trading today to mark the listing of our Green Bond on the London Stock Exchange. The Green Bond market is incredibly important in promoting responsible investment in sustainable projects which will benefit the environment. Green Bonds not only align with our vision to be the most respected waste-to-product company, but also support our commitment to sustainability and responsible green investment.”
Shanks has been listed on the London Stock Exchange since 1988 and has since grown to also operate in the Netherlands, Belgium and Canada.