Leclanché Meets Requirements for Investment Funds to Comply with Environment Social and Governance Article 9 Financial Products

Leclanché SA / Key word(s): Investment Leclanché Meets Requirements for Investment Funds to Comply with Environment Social and Governance Article 9 Financial Products 16-Jan-2024 / 18:27 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Ad hoc announcement pursuant to Art. 53 LR

 

 

Leclanché Meets Requirements for Investment Funds to Comply with Environment, Social and Governance Article 9 Financial Products

• Leclanché has been declared eligible for investment by funds with objectives linked to Environmental, Social, and Governance (ESG) goals
• Leclanché's eligibility is driven by the company’s core E-mobility activity, aimed at reducing CO₂ emissions
• PwC Luxemburg validated Leclanché's compliance with the necessary ESG requirements and assessed that 82% of Leclanché's 2022 turnover corresponds to sustainable activities as defined by the European Taxonomy under article 9 funds

YVERDON-LES-BAINS, Switzerland, 16^th January, 2024 – Leclanché SA, one of the world’s leading energy storage companies, has met the requirements for investment by funds with objectives linked to Environmental, Social, and Governance (ESG) goals in accordance with the European Sustainable Finance Disclosure Regulation (SFDR). This classification is a key indicator of Leclanché's alignment with stringent environmental and sustainability standards and, with only a limited number of stocks that are currently Article 9 compliant, Leclanché makes up one of the few companies world-wide that are eligible for these funds.

The SFDR framework is a critical initiative by the European Union (EU) to direct investments towards more sustainable entities. It categorizes funds into three distinct groups based on their sustainability characteristics:

• Article 6 Funds: Financial products with no integration of sustainable approach.
• Article 8 Funds: Financial products promoting environmental and/or social characteristics.
• Article 9 Funds: Financial products with a sustainable investment objective, recognized as the most sustainable options.

Leclanché's eligibility for Article 9 is driven by the company’s core E-mobility activity, aimed at reducing CO₂ emissions in heavy transportation sectors, including railways and marine, as well as in the broader energy sector. Leclanché is therefore, by assimilation, also eligible for Article 8 and 6 funds.