Our latest climate report shows good progress on our path to net zero.. Highlights include: 

• Maintained our scope 1 and 2 emissions at zero (down from a baseline of 2.8 tCO2e in 2019).  

• 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.  

• 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.   

• Calculated our avoided emissions (sometimes referred to as scope 4) to illustrate the wider carbon impact of the business.  

Emission reductions are the emissions ‘avoided’ from the operation of our portfolio of clean energy projects. 

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.