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From South Cornwall to Orkney, from onshore wind and solar to geothermal, our diverse portfolio of clean energy projects spans the whole of the UK.

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But these changes and the rate at which they move must be turbocharged as we move into the next decade. The 2010’s mark the end of the time for organic transition – we now need radical transformation.
If we are going to get to net zero carbon emissions, the next 10 years will look very different. Matthew Clayton writes for <a href="https://good-with-money.com/2020/01/03/renewables-to-power-a-decade-of-transformation/" target="_blank" rel="noopener">Good With Money.</a>

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Our MD, Matthew Clayton, writes for Good with Money.

Renewables to power a decade of transformation

Our <a href="https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2025/10/Thrive-Climate-Report-2024-FINAL.pdf" target="_blank" rel="noopener">latest climate report</a> shows good progress on our path to net zero.. Highlights include: 
<ul>
<li aria-setsize="-1" data-leveltext="" data-font="Symbol" data-listid="4" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}" data-aria-posinset="1" data-aria-level="1">Maintained our scope 1 and 2 emissions at zero (down from a baseline of 2.8 tCO2e in 2019).  </li>
</ul>
<ul>
<li aria-setsize="-1" data-leveltext="" data-font="Symbol" data-listid="1" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}" data-aria-posinset="1" data-aria-level="1">For the third year running, we have reported comprehensive emissions estimates across our 7 relevant scope 3 categories, which include all areas relating to the construction and operation of our sustainable energy sites.  </li>
</ul>
<ul>
<li aria-setsize="-1" data-leveltext="" data-font="Symbol" data-listid="3" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}" data-aria-posinset="1" data-aria-level="1">Reduced the carbon intensity of our business travel by a further 14% in 2024 compared to 2023. In 2024 80% of our business miles were travelled by train.   </li>
</ul>
<ul>
<li aria-setsize="-1" data-leveltext="" data-font="Symbol" data-listid="2" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}" data-aria-posinset="1" data-aria-level="1">Calculated our avoided emissions (sometimes referred to as scope 4) to illustrate the wider carbon impact of the business.  </li>
</ul>
Emission reductions are the emissions ‘avoided’ from the operation of our portfolio of clean energy projects. 
&nbsp;
 <img decoding="async" src="https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2025/10/EmissionsGraph2024.png" />
2022 and 2024 were very successful years in terms of project development, reflected in our reported emissions, which included the construction footprint of three new clean energy projects in both years. By comparison in 2023, our reported emissions only include the construction of one small rooftop project. Despite this yearly variation in our highest emissions area, it is useful to see how much greater our avoided emissions are in any given year.  
We also maximise the amount of clean electricity generated by older projects through repair and overhaul activities. In late 2024, we replaced the nacelle and blades of Ness Point wind turbine, after nearly 20 years of operation. Although this was Thrive’s most significant overhaul in 2024, the associated carbon footprint reflected a strategic investment toward achieving future emission reductions consistent with our climate-positive mission. The avoided emissions from the turbine’s generation in the last two months of 2024 were over five times greater than the footprint of the overhaul itself, and the turbine is expected to continue to operate reliably for many years to come.

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Our positive contribution to reducing UK emissions far outweighs our carbon footprint. But we take responsibility for the emissions we make in the course of our operations. 

Scope 1 & 2 emissions stay at zero and travel emissions drop again – dive into our latest climate report

An expansion of the highly respected Global Good Awards, these new award categories recognise the role of financial sector leadership in sustainable and ethical practices.
One of the comments from the judging panel included:
“It is inspiring to see how the team at Thrive Renewables has developed and funded community energy projects in partnership with others, often in the face of headwinds for the sector. It is also impressive to see how Thrive has sought to support the wider sector by producing guidance for community energy projects. The team deserves recognition for its achievements in enabling renewable energy projects of various kinds through its innovative approach to financing.”
As you may have seen from <a href="/news/2025/09/half-year-results-2025-strong-progress-made-on-growth-plan">our recent half year results</a>, we’ve had a particularly busy 12 months. This includes the acquisition of three new projects, including our biggest project to date – a 57MW onshore wind farm in Scotland, and partnering with Better Society Capital on a £40 million joint venture to fund community-owned wind and solar projects.

The evening was a brilliant celebration of sustainable business, and we were so inspired to hear about the other brilliant companies and initiatives recognised on the night (shout out to our friends over at Triodos Bank UK which took home gold for Finance Trailblazer of the Year!). It was also great to see the awards living and breathing its values, maintaining its seven-year tradition of exclusively plant-based catering, encouraging preloved attire, and actively discouraging air travel for attendees wherever possible.
Since 2018, the Global Good Awards has maintained its &#8216;Outstanding&#8217; accreditation from the Awards Trust Mark – the first awards programme globally to achieve this distinction – reflecting its dedication to the highest standards of integrity and openness.

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Meet our award-winning team! Recognising the role of sustainable finance at the Global Good Awards

The report comes as the world recognised Global Goals Week last week, an event aiming to drive action, awareness, and accountability around the United Nation’s Sustainable Development Goals (SDGs).
What are the SDGs? 
Adopted by all United Nations member countries in 2015, <a href="http://sdgs.un.org/2030agenda">the 2030 Agenda for Sustainable Development</a> provides ‘a shared blueprint for peace and prosperity for people and the planet, now and into the future’. Centred around 17 Sustainable Development Goals (SDGs), it acts as an urgent call for action by all countries as part of a global partnership, focusing on issues such as hunger, education, affordable and clean energy and industry, innovation and infrastructure.
“The goals recognise that ending poverty and other deprivations must go hand-in-hand with strategies that improve health and education, reduce inequality, and spur economic growth – all while tackling climate change and working to preserve our oceans and forests.”
A central commitment of the SDGs is to Leave No One Behind, ensuring that development progress reaches the most vulnerable and marginalised populations. The UK Government is responsible for achieving these goals domestically and for supporting their attainment internationally.
How is the world progressing with SDGs?
Every year, the UN Secretary General presents an annual SDG Progress report, based on the global indicator framework and data and information collected at a national and regional level.
Unfortunately, <a href="https://unstats.un.org/sdgs/report/2025/The-Sustainable-Development-Goals-Report-2025.pdf">according to the 2025 report</a>, the world remains far off track from achieving the 2030 Agenda, with 48% of targets assigned to the SDGs showing insufficient progress. It is positive to see considerable progress on Goal 7 – affordable and clean energy – however, with global electricity access reaching 92% in 2023, up from 84% in 2010.  Renewable energy is also the fastest-growing energy source today and is projected to overtake coal as the world’s top source of electricity by “2026 at the latest”, according to <a href="https://www.carbonbrief.org/iea-renewables-will-be-worlds-top-power-source-by-2026/">new forecasts from the International Energy Agency</a> (IEA).
Although more needs to be done to accelerate renewable deployment globally, with a particular focus on how we ensure that the disparities between developed and developing countries do not deepen further, the report concludes that “transformation is possible when we combine proven strategies with political courage and adequate resources. The SDGs remain as vital and achievable as ever, but only when we match the ambition of the 2030 Agenda with the urgency and unity this decisive moment demands.”
How is Thrive delivering against the SDGs? 
As an impact-driven business, we are always looking at how we can be a force for good. Thrive was set up in 1994, putting money to work build new sustainable energy projects and empower people to take action to address the climate emergency.
To keep us accountable, we measure our impact using the SDG Action Manager, developed by the United Nations Global Compact and B Lab, which oversees the B Corp certification. The tool enables us to analyse operations, policies and business models in terms of both positive impact and risks relating to the SDGs most relevant to the business. Below is an overview of our performance for the last full year.
<img loading="lazy" decoding="async" class="aligncenter wp-image-8684 size-full" src="https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2025/05/SDG-graph.png" alt="" width="1660" height="1028" srcset="https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2025/05/SDG-graph.png 1660w, https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2025/05/SDG-graph-300x186.png 300w, https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2025/05/SDG-graph-1024x634.png 1024w, https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2025/05/SDG-graph-768x476.png 768w, https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2025/05/SDG-graph-1536x951.png 1536w" sizes="auto, (max-width: 1660px) 100vw, 1660px" />
In 2024, Thrive continued to perform above average across all the UNSDGs that are relevant to our business. Compared to the UK average, our score is particularly high for five of these goals reflecting the core purpose of the business – funding and building clean energy infrastructure to help tackle climate change. We also performed above average for SDG 16 ‘Peace, justice and strong institutions’, reflecting our commitment to business as a force for good, incorporating transparency, robust reporting and high standards of governance.
We believe that we must all play our part in the transition to a cleaner, fairer future and would encourage other businesses to explore how they can accelerate action, scale and the mainstreaming of best practices, innovation and ambition to support the achievement of the SDGs.

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