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 various scopes: 218,000 kg CO2e for Scope 1, 126,500 kg CO2e for Scope 2 (market-based), and the majority, 29,262,200 kg CO2e, attributed to Scope 3 emissions. This represents a significant increase in Scope 3 emissions compared to 2022, where Scope 3 emissions were reported at 5,706,400 kg CO2e. ORIT has set long-term climate commitments aiming for net zero emissions by 2050. The organisation anticipates that its projected low annual direct carbon emissions will facilitate achieving this target, particularly for Scope 1 and Scope 2 emissions. The commitment is supported by the expectation that 400 units will contribute to meeting these goals. The emissions data is not cascaded from any parent organisation, indicating that ORIT independently reports its carbon footprint and climate initiatives. The focus on reducing emissions aligns with industry standards and reflects a growing commitment to sustainability within 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?
How Carbon Intensive is Octopus Renewables Infrastructure Trust's Location?
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.
