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Introduction |
In June 2021, NASDAQ launched the "NASDAQ Green Designations " program in the Nordic markets, aiming to promote green business models and enhance the sustainability appeal of listed companies. This program establishes consistent standards, making it easier for investors to identify environmentally friendly companies.
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In 2019, the London Stock Exchange introduced the Green Economy Mark, a world-first certification, to recognize companies and funds whose products and services contribute to significant environmental goals.
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B3 Ações Verdes is a system introduced in 2024 by the Brazilian Stock Exchange (B3) for listed companies. Its goal is to recognize companies that contribute to environmental protection and climate change mitigation.
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Criteria |
- Green Equity Designation: The proportion of company revenue and investments related to green activities must exceed 50%, and revenue from fossil fuel activities should not exceed 5%.
- Green Equity Transition Designation: The proportion of company investments related to green activities must exceed 50%, and revenue from fossil fuel activities should not exceed 50%.
- Alignment with EU Taxonomy: Compliance with the classification system outlined in the European Union.
- Provision of Information on Environmental Objectives and Key Performance Indicators.
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- For companies and funds, over 50% of the annual total revenue must come from products and services contributing to the global green economy.
- For entities in the pre-revenue stage: 100% of business activities must be green to qualify.
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The proportion of company revenue and investments related to green activities must exceed 50%, and revenue from fossil fuel activities should not exceed 5%.
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Review Frequency |
- Annual Review, Ad-hoc Reviews as Needed
- Companies are required to undergo an annual review, with the option for ad-hoc reviews as necessary. Renewal applications must be submitted at least 10 business days before the expiration date. The processing time typically takes one to two months.
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- Annual Review, Ad-hoc Reviews as Needed
- Companies are subject to an annual review, with the option for ad-hoc reviews as necessary. The assessment results will be provided within a maximum of 28 business days, ensuring a timely process.
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Annual Review, Ad-hoc Reviews as Needed
Companies are required to undergo an annual review, with the option for ad-hoc reviews as necessary. Renewal applications must be submitted at least 10 business days before the expiration date. The processing time typically takes one to two months.
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Rating Methodology |
Single-track system, companies apply by registering and uploading information related to green revenue.
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Dual-track system, utilizing the FTSE Russell GRCS assessment, along with companies applying and uploading information related to green revenue.
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Single-track system, companies apply by registering and uploading information related to green revenue.
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Review Report |
After the review, the companies that have obtained green certification and their assessment reports will be listed on the official website. Additionally, the information will be shared on the NASDAQ ESG Data website.
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After the review, the results will be published on the official website and included in the annual reports. The relevant green revenue data will be recorded in the Refinitiv database under the London Stock Exchange Group (LSEG).
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After review, companies awarded Ações Verdes and their assessment reports will be listed on the official website.
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LOGO |
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Number of passing enterprises |
8 |
97 |
1 |
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Target Achievements |
- Facilitate the listing of sustainability-related bonds.
- Inclusion in the NASDAQ Environmental Index Series.
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- Participation in companies and funds with a total market capitalization of £172 billion, growing at an annual rate of 26% since 2020 to attract more capital and investments.
- Raised £6.16 billion through 85 IPOs and cash offerings.
- Inclusion in the FTSE Environmental Technology Index Series.
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The program was launched in 2024, and no related statistics are currently available.
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Relevant Indices |
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The program was launched in 2024, and no related statistics are currently available.
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Green Revenues Definition |
As defined by NASDAQ, it broadly refers to products or services that align with the sustainable development goals outlined by international reference standards.
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Aligned with the FTSE Russell Green Revenue Classification Methodology.
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Uses the S&P Brazil Climate Transition Assessment for evaluating green revenue.
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Official Website |
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