Octopus Renewables Infrastructure Trust Sustainability Profile
Octopus Renewables Infrastructure Trust, commonly referred to as Octopus Renewables, is a leading player in the renewable energy sector, headquartered in Great Britain. Founded in 2019, the trust focuses on investing in a diverse portfolio of renewable energy assets, primarily in the UK and Europe, including solar, wind, and energy storage projects. With a commitment to sustainability, Octopus Renewables distinguishes itself through its innovative approach to infrastructure investment, aiming to deliver long-term value while contributing to the global transition to clean energy. The trust has achieved significant milestones, including substantial growth in its asset base and a strong market position within the renewable energy investment landscape. By prioritising environmentally responsible projects, Octopus Renewables continues to make a notable impact in the industry.
DitchCarbon Score
How does Octopus Renewables Infrastructure Trust's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Other Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Octopus Renewables Infrastructure Trust's score of 35 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Octopus Renewables Infrastructure Trust's reported carbon emissions
In 2023, Octopus Renewables Infrastructure Trust (ORIT) reported total carbon emissions of approximately 29,262,200 kg CO2e, with emissions distributed across Scope 1, Scope 2, and Scope 3. Specifically, Scope 1 emissions were 218,000 kg CO2e, Scope 2 emissions (market-based) were 126,500 kg CO2e, and Scope 3 emissions accounted for the majority at approximately 29.3 million kg CO2e. The organisation has set long-term net zero targets for both Scope 1 and Scope 2 emissions, aiming for a 2050 deadline. This commitment reflects ORIT's strategy to manage its carbon footprint effectively, given its projected low annual direct emissions. In previous years, ORIT's emissions have shown variability, with 2022 emissions totalling approximately 5,706,400 kg CO2e, primarily driven by Scope 3 emissions. The company has not disclosed specific reduction percentages but is focused on achieving its net zero goals through strategic initiatives. Overall, ORIT's climate commitments and emissions data underscore its dedication to sustainability and reducing its environmental impact in the renewable energy sector.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | - | - | 000 |
| Scope 2 | 18,520 | 0,000 | 000,000 |
| Scope 3 | 2,838,570 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Octopus Renewables Infrastructure Trust's Industry?
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Octopus Renewables Infrastructure Trust's Scope 3 Categories Breakdown
Octopus Renewables Infrastructure Trust's Scope 3 emissions, which increased by 215% last year and increased by approximately 145% since 2020, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" being the largest emissions source at 54% of Scope 3 emissions.
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Octopus Renewables Infrastructure Trust's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Octopus Renewables Infrastructure Trust has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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