Octopus Renewables Infrastructure Trust
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 32 is higher than 57% 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. The Scope 2 location-based emissions were significantly higher at 342,100 kg CO2e. ORIT has set ambitious long-term climate commitments, aiming for net zero emissions by 2050. This target encompasses both Scope 1 and Scope 2 emissions, with the expectation that their projected low annual direct carbon emissions will facilitate this goal. The initiatives are designed to ensure that ORIT remains on track to meet these targets, reflecting a commitment to sustainability and responsible investment practices. The emissions data is not cascaded from any parent organization, indicating that ORIT independently reports its carbon footprint and climate strategies. Overall, ORIT's focus on reducing its carbon emissions aligns with industry standards and reflects a proactive approach to addressing climate change.
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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 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Octopus Renewables Infrastructure Trust is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
