ESG

The Octopus Renewables mission is to accelerate the transition to a future powered by renewable energy in order to mitigate climate change.

We want to change the world for the better and strive to do business the “right” way. For us, this means considering a wide range of stakeholders when making decisions, including our customers, shareholders, employees, the community and the environment.

 

More formally, we are committed to supporting the UN Sustainable Development Goals. We are also signed up to the UN Principles of Responsible Investment (UN PRI) and aim to report in line with the GRESB framework.

UN Sustainable Development Goals logo

Octopus Renewables Infrastructure Trust is committed to supporting the UN Sustainable Development Goals with a particular focus on

UN SDG 7.2

Our ESG approach

Octopus Renewables manages investments on behalf of a wide range of investors. Each Octopus Renewables fund has its own bespoke ESG policy that is reviewed annually, allowing different investors to dictate the direction, depth and breadth of the ESG approach for their investment, all of which must exceed the minimum standard set by the Octopus ESG committee each year.

ESG in action

Sardinian solar farm, Italy

During construction of eight solar sites in Sardinia, the team replanted displaced olive trees around the sites’ periphery. They also built an improvised kennel for a pregnant stray dog, then housed, vaccinated and rehomed her and her puppies.

Darlington Point solar farm Australia

Darlington Point solar farm, Australia

During the construction and development of this solar farm, we held a jobs fair to attract local labour, used local restaurants to feed our 400 workers, refurbished the local sports facilities and set up a biodiversity fund.

Hill of Auquhirie wind farm, UK

The Octopus Renewables team took staff and children from Newtonhill Primary School on a trip to see the turbines and learn about wind energy.

Read more about their visit

Related practices

 

 Octopus business practices also support our commitment to ESG matters. Such as:

 

  • Employee performance is appraised biannually, and performance scores are split into the WHAT and the HOW, such that behaviour is considered equally important with delivery.
  • Our investment cycle considers ESG matters throughout the process with ESG considerations included in all Investment Committee papers.
  • Octopus Renewables has a range of employee led working groups focusing on, among other things, diversity and inclusion, feedback and innovation.
  • We proactively stay abreast of forthcoming changes to legislation, participating in Government consultations and working groups as appropriate.
  • The Octopus compliance team oversee all risk, data protection, anti-bribery and corruption, market abuse and anti-money laundering activities, ensuring all members of the team are trained annually.