Net zero pledge

17th September 2021

Thrive Renewables plc pledges to reach Net Zero by 2030. The company funds, constructs and operates sustainable energy projects which generate renewable electricity, leading to direct, measurable carbon emissions reductions. Our wind, solar and hydro sites have saved over 835,000 tonnes of carbon dioxide over the life of the business, so we are playing a significant part in the UK’s net zero transition. We were also one of the first companies to fund ‘direct wire’ energy solutions for businesses – where they install solar or wind projects on site and benefit from the clean electricity generated, reducing their own carbon footprint.

Founded in 1994, we were one of the UK’s first purpose driven businesses, with a mission to power the transition to a sustainable energy future by helping people meaningfully connect with clean energy projects. As such, we take our own carbon footprint extremely seriously. We are based in a certified BREEAM Green Building, one of the greenest in Bristol, which has solar panels located on the roof. We use renewable electricity tariffs to supply all of our operational clean energy projects, all our printing is carbon neutral with 0% waste and we do not serve meat at company events such as AGMs and open days. We support our staff to reduce the impact of their travel, with a ‘bike to work’ scheme and participating in Climate Perks, an initiative to incentivise low carbon holiday travel.

CURRENT EMISSIONS

Although our own direct emissions (characterised as Scope 1 & 2 but also including some Scope 3) are therefore low, we are conscious that we need to continually reduce them and we are making concrete commitments to doing that, as outlined below. Our baseline (2019) direct emissions were 5.6 tonnes. Emissions in 2020 were 2.6 tonnes.

SCOPE 3 EMISSIONS

We include some goods purchased by the business such as power as stated above. Currently all other Scope 3 emissions relating to construction and operation of our renewable energy sites are excluded. This is because we are still working on fully understanding what they are and which ones are our direct responsibility. We commit to analysing our most relevant Scope 3 (or external contractor) emissions over the next year.

The rationale for ‘most relevant’ Scope 3 emissions is that which is directly linked to the core business purpose - the construction and operation of renewable electricity generation projects. It is essential to note that carbon emitted in the construction of these sites is quickly paid back by the emissions avoided by the generation of renewable electricity. But because the renewable energy we generate is sold to consumers and businesses with certification, we do not count those emissions reductions as part of our Net Zero calculations. We are in the process of better understanding these issues and will share our findings and calculation methods with the industry.

COMMITMENTS FOR 2021/22

We will take the following steps to further reduce our direct emissions.

  • Significantly reduce the number of printed half year and annual reports which are produced and sent in the post each year.
  • Seek to understand our Scope 3 (or external contractor) emissions better and aim to formulate industry standards for measuring emissions in the construction of onshore wind projects
  • Continue to work with businesses to provide off-balance sheet ‘direct wire’ renewable energy solutions enabling them to install renewables on-site and benefit from the electricity

OFFSETS

Thrive Renewables’ voluntary Community Benefit Programme, which has been running since 2015, provides grants to communities close to our renewable energy projects to make energy efficiency improvements to shared buildings such as village halls and community centres. It is administered by the Centre for Sustainable Energy. The scheme currently saves 60 tonnes CO2e each year by measurable energy efficiency improvements in village halls and community centres all over the country. The CO2 savings amount goes up every year as we provide additional grants.

This 60 tonne annual saving, compares with Scope 1 & 2 emissions of 2.6 tonnes for the business, putting us in a net negative position. However, we expect that once relevant Scope 3 emissions are calculated, overall emissions figures will need to be readjusted and the expected increase both reduced and mitigated via further offsets if necessary.

Content image
Content image
Content image