We’re delighted to share that Raspberry Pi has once again been awarded the London Stock Exchange’s Green Economy Mark. Having first obtained the mark when we listed on the London Stock Exchange in 2024, retaining the recognition is a welcome affirmation that sustainability remains at the core of what we do.

What the Green Economy Mark is

Launched in 2019, the Green Economy Mark was the first initiative of its kind created by a global exchange. It was introduced by the London Stock Exchange as an independent, data-driven identification tool that considers the revenue-generating activities from products and services that contribute to the global green economy. The mark can be granted to London-listed companies and funds with equity listings on the Main Market or AIM. Rather than focusing solely on “pure-play” green businesses, the mark is designed to recognise companies and funds of all kinds — across every industry — whose products and services help drive the transition to a low-carbon, sustainable economy. 

Sustainability becomes meaningful to investors when it is reflected in realised revenues, rather than articulated solely as an ambition. By providing an independent, data-driven assessment of a company’s or fund’s green revenues, the Green Economy Mark gives investors confidence that environmental activity is embedded within its core commercial strategy. In doing so, it highlights sustainability as a tangible driver of long-term growth and value creation.

How it’s calculated

To assess a company’s or fund’s contribution to the green economy, the London Stock Exchange utilises LSEG’s Green Revenues Classification System (GRCS). The GRCS is a data classification system managed by LSEG Data & Analytics to help investors identify revenues derived from activities that contribute to the green economy. It takes a bottom-up approach, identifying products and services across multiple environmental areas, spanning the entire value chain. 

Under the GRCS, products and services are categorised across 10 sectors, 64 sub-sectors, and 133 micro-sectors. Each micro-sector in the GRCS is assessed against seven environmental objectives: climate change mitigation, climate change adaptation, pollution prevention and control, protection of healthy ecosystems, sustainable use and protection of water and marine resources, transition to a circular economy, waste prevention and recycling, and sustainable and efficient agriculture.

These micro-sectors are then subsequently grouped into three tiers, reflecting their overall environmental contribution:

• Tier 1 covers activities with significant and clear environmental benefits 
• Tier 2 covers activities with more limited, but net positive, environmental benefits
• Tier 3 covers activities that may have some environmental benefits but are overall net neutral or negative

To be eligible for the Green Economy Mark, a company must generate at least 50% of its annual revenues from products or services classified within Tier 1 and/or Tier 2 GRCS micro-sectors, while funds must invest at least 50% of their net asset value (NAV) in activities aligned with these micro-sectors.

Eligibility for the Green Economy Mark is reviewed by the London Stock Exchange’s Sustainable Finance Team.

How Raspberry Pi fits in

Our place in the green economy comes down to energy efficiency. Raspberry Pi computers are designed to deliver strong performance while drawing very little power — they are, by certain measures, around 85% more energy efficient than a traditional desktop PC. Across homes, businesses, and industrial and embedded applications, that difference adds up to a meaningful reduction in energy use.

Just as importantly, our products enable the displacement of less efficient technologies. Having a low-power single-board computer handle an always-on task in place of a full PC or server can cut energy consumption dramatically. Add to that our focus on product longevity and long-term software support — which keeps devices useful for years and reduces electronic waste — and it becomes clear why the majority of our revenue qualifies as green under the GRCS.

A word from LSEG

“We congratulate Raspberry Pi on their continued inclusion in the London Stock Exchange’s Green Economy Mark cohort. Companies and funds within this cohort play a key role in accelerating the transition to a more sustainable economy. Raspberry Pi’s continued focus on developing energy-efficient computing hardware demonstrates the role that innovative technology can play in supporting this.”

Nataliya Manifold, Senior Manager, Sustainable Finance Team, London Stock Exchange  

What it means to us

Retaining the Green Economy Mark matters because it is grounded in evidence. It tells our shareholders, our customers, and our community that our commercial success and our positive environmental impact are one and the same. As we continue to sharpen our carbon reporting and broaden our ESG disclosures, the mark remains a clear, external signal that low-power computing has a genuine part to play in building a more sustainable future.