Ondo InsurTech PLC (LSE:ONDO) said it received the London Stock Exchange’s (LSE) Green Economy Mark.
The mark is awarded to companies and funds that derive more than half of their revenues from “environmental solutions.”
The provider of insurance claims technology was recognised for its LeakBot product, which detects potential leaks in household waterpipes, reducing the size and volume of insurance claims made.
Ondo said it derives 100% of its revenues from the deployment of the LeakBot water leak detection system, which has now detected and resolved 35,000 water leaks since its launch.
“We are proud to have received London Stock Exchange's Green Economy Mark for the benefits LeakBot delivers in saving precious water resources,” said chief executive Craig Foster.
“The designation enables Ondo InsurTech PLC (LSE:ONDO) to better communicate its green credentials to investors and other stakeholders.”