News
Monika Paplaczyk promoted to Investment Director
Driving forward our mission to power the transition to a sustainable energy future
Posted: 26 Feb 2021
Certified B Corporation
Proud to be a Certified B Corporation
Certified B CorporationsTM (B CorpsTM) are companies that use the power of business to build a more inclusive and sustainable economy. Thrive has been assessed by B Lab, the not-for-profit behind the B Corp movement, and has met rigorous social and environmental standards relating to energy supplies, waste and water use, worker compensation, diversity and corporate transparency. Thrive has long been committed to purpose beyond profit and now, with the support of our 5,000+ shareholders, we have embedded this commitment in our company articles.
Matthew Clayton, Managing Director at Thrive Renewables:
“Thrive Renewables has been operating as a force for good for over a quarter of a century. During that time our vision, of a clean, smart energy system driven by the investment of many, has underpinned every decision we make. From funding one of the UK’s first wind farms in the 1990s, we have grown into a £93 million business with 16 wind, hydro and heat projects in our portfolio and new battery storage, wind and geothermal electricity generation projects in development. Additionally we’ve invested in pioneering technologies such as tidal and developed innovative deal structures to widen ownership of renewable energy projects. Collectively, our projects prevented over 75,000 of CO2 emissions in 2019.”
Clayton continues:
"We are pleased to have scored particularly well in environmental and governance criteria and are working towards further improvements in all areas.”
Thrive Renewables is one of the UK’s first purpose driven businesses. Founded 26 years ago to help people power the UK’s transition to clean energy, its ultimate aim is to reducing carbon dioxide pollution and avoid dangerous climate change. As well as creating value for shareholders like other businesses, we also prioritise the interests of those affected by our business operations, from the towns and villages who host our clean energy projects to the wildlife which frequents them. It is therefore particularly important for us as an ethical business to undergo rigorous external assessment of our performance on governance, workers’ rights, how we treat our customers and the wider community and, of course, the environment.
As a B Corporation and one of the leaders of the emerging net zero economy, we support the B Corp declaration of interdependence which states:
- That we must be the change we seek in the world.
- That all business ought to be conducted as if people and place mattered.
- That, through their products, practices, and profits, businesses should aspire to do no harm, and benefit all.
- To do so requires that we act with the understanding that we are dependent upon another and thus responsible for each other and future generations.
