Solar Foods has a Nasdaq Green Equity Designation. What is that?

Nasdaq Green Designations are voluntary designations that support increased visibility toward investors looking for sustainable investments.

Both private companies and companies listed on the Nasdaq European markets can attain a Nasdaq Green Designation if they meet the criteria. To achieve the designation, a company needs to have more than 50 percent of its turnover deriving from activities considered green, and less than 5 percent of its turnover must be derived from fossil fuel activities. In addition, more than 50 percent of the company’s investment must be allocated to activities considered green.

Solar Foods received the Nasdaq Green Equity Designation – Private Company in April 2024 as a then private company. You can read more about this in our press release.