Lamor receives Nasdaq Green Equity Designation as the first Finnish company

Lamor Corporation Plc             Press Release             21 January 2022 at 08:00 a.m. EET

Lamor receives Nasdaq Green Equity Designation as the first Finnish company

Lamor Corporation Plc is the first company in Finland to receive Nasdaq Green Equity Designation. The designation supports equity issuers with their green business models and strategies and enhances increased visibility and transparency toward investors looking for sustainable investments.

Nasdaq Green Equity Designation targets companies that have over 50 percent of their turnover derived from activities considered green and that continue to invest more than 50 percent in green activities. For the application, a qualitative assessment, relating to the company’s activities and investments, is performed to assess the company’s alignment with the Nasdaq Green Equity Principles by a Nasdaq approved reviewer. The Norwegian company, Cicero Shades of Green, made the review for Lamor. The report of Cicero Shades of Green can be read from Lamor’s website: lamor.com/sustainability.

“We strive to respond to the growing global environmental awareness that creates demand for sustainable environmental solutions. Our goal is to combat climate change extensively by developing solutions that enable our customers to better prepare for environmental challenges, acting as a trusted partner in environmental clean-up projects and providing solutions that help our customers better meet their circular economy targets. Lamor has been a front-runner in many ways and receiving the Nasdaq Green Equity Designation as the first company in Finland is one example of our commitment to support transformation towards a zero-carbon society. We also expect the Nasdaq Green Equity Designation to increase our visibility among international impact investors” says Mika Pirneskoski, CEO of Lamor.

Sustainability is at the core of Lamor’s mission “Let’s clean the world”. Our vision is a clean tomorrow, where future generations will enjoy clean water and clean soil. Joining the Nasdaq Green Equity Designation program further supports our strategy and business activities around sustainability. It increases the transparency of our carbon footprint and at the same time it supports us to further develop our activities increasing our positive carbon handprint." says Johanna Grönroos, Chief Development Officer of Lamor.

Lamor was approved as part of the Nasdaq Green Equity Designation as of 19 January 2022. An assessment of the alignment with the criterion of the designation is made annually by a third party.

Further enquiries

Mika Pirneskoski, CEO, Lamor Corporation Plc, tel. +358 40 757 2151

Johanna Grönroos, CDO, Lamor Corporation Plc, tel +358 400 741 075

Lamor in brief

Lamor is one of the leading global providers of environmental solutions. Lamor provides its customers with equipment used for oil recovery, waste management and water treatment as well as versatile environmental solutions and services, such as clean-up and preparedness services related to oil spill response and oil spills, services for the treatment of waste and tailored and adapted water treatment solutions. Lamor operates together with its local partners, offering a wide selection of solutions, which can be tailored according to the needs of each customer, and aiming to clean the world, for which the company has worked since its incorporation. The company's share is listed on the Nasdaq First North Premier Growth Market Finland marketplace maintained by Nasdaq Helsinki under the trading code LAMOR. Further information: www.lamor.com.