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Thrive Renewables plc (formerly Triodos Renewables plc)

Social performance

up to 31st December 2018

Thrive measures the environmental and social impact of its renewable energy projects alongside financial performance. As well as knowing their investment is good for the environment and helping to support communities close to their sites, Thrive investors, and their families, can engage and be part of this impact. The Thrive website now includes an impact calculator so investors can quickly see the environmental impact of their shareholding.

In 2018, generation was equivalent to satisfying the electricity demand of 55,806 UK homes.

Key Social Performance Indicators (KSPIs)

KSPIs are a measure of how the business is performing on delivering its main social or environmental purpose. Read more

KSPI 1 - Environmental Impact

During 2018, Thrive's owned renewable energy portfolio generated 160,724 MWh (2017: 160,353MWh). The total invested portfolio (i.e. including projects Thrive part own or have helped fund) generated 243,018 MWh (2017: 226,334MWh).

This is equal to avoiding the emissions of approximately 97,061 tonnes of CO2e from the total invested portfolio (up 36.4% on 2017). This translates to 17.7 tonnes of CO2e saving per year per average shareholder. The UK national average of CO2e emissions generated per person is 7.1 tonnes.

KSPI 2 - Educational Impact

Thrive Wind Farm Open Day

Thrive Renewables believes it is essential to engage with communities around project sites, helping groups and individuals to learn more about renewable energy and the sites they live close to.

In September 2019 Thrive kicked off its 25th anniversary celebrations with two family open days at its local Avonmouth wind farm.The event started off with a local primary school visiting the site and taking part in an arts workshop. Art and Energy, an organisation which uses creativity to change the way people view green technology, worked with the children to produce their very own windmills to take home, as well as two pieces of communal art which were displayed at the public open day.

On Friday afternoon and all-day Saturday, Thrive opened the site up to the public, welcoming over 500 visitors to the wind farm, its biggest open day yet. Guests had the opportunity to look inside a real wind turbine, ask questions and find out how a wind turbine works. The Centre for Sustainable Energy provided inspiration and advice on home energy efficiency to visitors, Bristol Open Doors led an engineering workshop for children and The Landmark Practice gave an insight into the ecological aspects of developing and running a wind farm. ExplorerDome brought their interactive renewable energy show in a blow-up planetarium which was popular with children and parents alike.

The children really enjoyed their day, with comments such as “I wish I could come here every day”, “Amazing”, “Incredible” and “Best trip!”.

The Explorerdome Show

Thrive has maintained a proactive approach to improving awareness of climate change and the importance of renewables in energy supply. ExplorerDome is a mobile, inflatable dome offering a wide variety of immersive and interactive science experiences. Thrive has commissioned a bespoke renewable energy show aimed at primary school aged children which is linked to curriculum learning around sources of energy, climate change and renewable technologies.

In 2018 Thrive took the ExplorerDome to Blackridge Primary School close to Drumduff wind farm and Avonmouth Church of England Primary School close to the Avonmouth project on 15 June, Global Wind Day. The show aims to enrich curriculum learning around sources of energy, climate change and renewable technologies and routinely proves popular with the teaching staff as much as the pupils.

KSPI 3 - Helping communities to own renewable assets

Thrive Community Energy Funding Bridge

Whilst the number of ‘new’ renewable energy projects available in the market has fallen, the rapid deployment of renewable energy projects over the last decade has on occasions left out communities, communities which wish to play a part in the transition to cleaner sources of energy.

As Thrive’s opportunity to build new projects for its shareholders is currently limited, it considers the next best thing is to use its capital flexibly to allow the migration of assets from commercial ownership to community ownership. The Thrive Community Energy Funding Bridge provides communities with the expertise, funding and certainty required to acquire operational renewable energy projects from commercial owners, then allows the community the time required to raise their own funding to replace Thrive Renewables.

The Community Energy Funding Bridge achieves a number of Thrive's objectives, facilitating the diversification of ownership of renewable energy projects whilst also generating a return for Thrive’s own investors.

 

Common environmental performance indicators (CEPIs)

CEPIs are environmental performance indicators that are common to all businesses, no matter what their main business activity is. Read more

Carbon emissions

During 2018 Thrive Renewables' renewable energy portfolio generated enough renewable energy to offset approximately 97,061 tonnes of CO2. This Equates to the electricity demand of 10 average UK homes generated per average shareholder.

Community investment

The Thrive Renewables Community Benefit Programme is a nationwide scheme that enables community buildings across the UK to obtain advice and funding to implement the most worthwhile energy saving measures.

In collaboration with the national charity, Centre for Sustainable Energy (CSE), Thrive offers communities in areas close to its project sites the opportunity to make improvements to buildings using Thrive and CSE's combined knowledge of energy matters. The fund fills a gap between domestic and commercial property. It raises awareness of energy issues and makes community buildings more sustainable and comfortable, so more beneficial to the communities they serve.

The programme makes awards of up to £4,000 to local community buildings as well as identifying zero cost improvements. The grant can also be used in conjunction with other funding to pay for improvements to achieve the greatest impact.

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