Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Avoided emissions of more than 21 million tonnes of CO2 annually through 19GW of renewable energy projects.
• Offset operational greenhouse gas emissions (4,018 tonnes CO2e) via forestation and renewable energy projects.
• Implemented biodiversity enhancement initiatives at Wryde Croft Wind Farm, resulting in increased breeding bird populations.
• Reduced track repair costs by over 60% using an innovative, environmentally friendly process at The Grange Wind Farm.
• Saved over nine tonnes of carbon and prevented over five tonnes of steel scrap through refurbishment technology.

Social Achievements

• Raised over £343,500 for charities and provided community support during the pandemic.
• Accelerated community fund distributions to maximize support for those in need.
• Provided virtual support to community groups through online platforms.
• Offered a three-part training series on “Psychological Safety” to all Americas employees.
• Increased family leave provision in the UK&I to 13 weeks of paid leave on full pay.

Governance Achievements

• Undertook an in-depth review of global policies to ensure alignment with culture and expectations.
• Implemented mandatory anti-bribery and corruption training.
• Established a global whistleblowing policy for confidential reporting.
• Launched a global safety focus event with over 3,000 employees participating.
• Launched five global Affinity Networks to promote diversity and inclusion.

Climate Goals & Targets

Environmental Challenges

• Pandemic challenges impacting ways of working and community support.
• Climate change presenting a significant threat to people and economies.
• Need to reduce emissions to net-zero by 2050.
• Evolving policies and low-carbon technologies.
• Enhanced physical risks related to climate change.

Mitigation Strategies

• Covid-19 Response and Contingency Plan ensured no furloughs or government support requests.
• Commitment to the Science Based Targets initiative.
• Measuring and offsetting operational greenhouse gas emissions.
• Dedicated Risk Management Committee and monthly risk reports.
• Work towards increasing the competitiveness of renewable energy through innovation and cost reduction.

Supply Chain Management

Responsible Procurement

• Strategic discussions with supply chain to promote sustainable procurement.
• Alignment with UN Global Compact and Ethical Trading Initiative Base Code principles.
• Addressing modern slavery risks.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather

Transition Risks

• Evolving policies
• New low-carbon technologies

Opportunities

• Energy transition to a decarbonised future
• Support services business maximizing generation and reducing downtime
• Driving efficiency in resource use and reducing emissions

Environmental Metrics

ESG Focus Areas

• Climate Change
• Community Impact
• Governance
• Environmental Preservation

Environmental Achievements

• 1.3 million tonnes of carbon emissions avoided
• 3,953 GWh of renewable electricity generated
• 1.5 million homes (equivalent) powered by clean energy
• 72% portfolio sourcing electricity under Renewable Electricity Supply Contracts

Social Achievements

• £1.2 million community investment
• Additional £500,000 allocated to support local communities impacted by Covid-19
• 1,116 properties supported by Local Electricity Discount Schemes
• Various community engagement initiatives by InfraRed and RES (detailed in report)

Governance Achievements

• ESG-linked revolving credit facility and foreign exchange hedging
• A+ PRI rating achieved by InfraRed for the sixth consecutive year
• 60% female board representation
• 0.49 reportable lost time accidents per 100,000 hours

Climate Goals & Targets

Environmental Challenges

• Potential impact of climate change on power prices, energy yield, and asset availability
• Transition risks from changes in government policies
• Physical risks from extreme weather events

Mitigation Strategies

• Portfolio diversification across geographies and technologies
• ESG-linked financing to incentivize sustainability performance
• Risk assessment and mitigation plans for climate-related risks
• Ongoing monitoring and reporting of climate-related risks and opportunities

Supply Chain Management

Responsible Procurement

• Engagement with local contractors and suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (storms, floods, wildfires)
• Changes to weather patterns impacting energy yield

Transition Risks

• Changes to government policies
• Increased renewables build-out impacting power prices

Opportunities

• Co-location of storage
• Repowering existing sites
• Expanding existing sites
• Investment in long-term storage infrastructure

Reporting Standards

Frameworks Used: TCFD

Certifications: Guernsey Green Fund, London Stock Exchange’s Green Economy Mark

UN Sustainable Development Goals

• SDG 7 (Affordable and clean energy)
• SDG 13 (Climate action)

TRIG's investments in renewable energy contribute to these goals (details in report)

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Community Impact
• Governance
• Human Rights

Environmental Achievements

• 660,000 tonnes of CO2 emissions avoided in H1 2021 (H1 2020: 640,000)
• 2,113 GWh of renewable electricity generated in H1 2021 (H1 2020: 2,141 GWh)
• Portfolio capable of powering 1.4 million homes with clean energy (H1 2020: 1.0m)

Social Achievements

• Supported over 60 community organizations through the £500,000 TRIG Covid-19 Community Fund
• £1.1m budgeted for community contributions in 2021
• 0.27 reportable lost time accidents per 100,000 hours worked (H1 2020: 0.81)

Governance Achievements

• InfraRed achieved an A+ PRI score for the sixth consecutive year
• 50% female board representation
• 33% of directors provided by Managers to project companies are female

Climate Goals & Targets

Environmental Challenges

• Low weather resource in Great Britain, Ireland, and Germany resulting in 12% below budget portfolio production
• Retroactive cuts to French feed-in tariffs for solar projects
• Stress fatigue identified in the structure of the emergency evacuation platform on some turbines at the Merkur offshore wind farm
• Human rights issues in the supply chain of solar panels

Mitigation Strategies

• Increased provision against French solar investments by approximately 1.4p/share
• Working to secure exemptions for some affected French solar projects
• Developing a solution to resume safe operation at Merkur wind farm (cost of remediation with manufacturer)
• Carrying out detailed supply chain due diligence for potential solar investment in Iberia

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Due diligence on supply chain of components used in construction projects to ensure responsible manufacturing and sourcing

Climate-Related Risks & Opportunities

Physical Risks

• Wind and tropical storms
• Lightning
• Flooding
• Wildfires
• Icing

Transition Risks

• Changes in government or regulatory support for renewables
• Changes in power prices
• Changes in French feed-in tariffs

Opportunities

• Development of energy-efficient products
• Green hydrogen production

Reporting Standards

Frameworks Used: TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 7 (Affordable and clean energy)
• SDG 13 (Climate action)

TRIG's investments and impact on local communities contribute to these goals.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Avoided over 21 million tonnes of carbon dioxide emissions through development and construction activities.
• Calculated full scope 1, 2, and 3 emissions to establish a baseline for SBTi targets.
• Implemented sustainable approach to facilities, including renewable energy sourcing and biodiversity enhancements.
• Reduced power consumption by approximately 33% by migrating computing services to the cloud.
• Supported afforestation and forest conservation projects offsetting global direct and indirect emissions.
• Implemented 'eco-cuts' in solar site maintenance to enhance biodiversity.
• Reduced waste by using a 'floated road' design in Murley Mountain Wind Farm construction.

Social Achievements

• Achieved an overall employee engagement score 7% above the benchmark.
• Scores for Diversity, Inclusion, and Non-Discrimination were above benchmark.
• Total Recordable Incident Rate (TRIR) of 0.6 per 200,000 hours worked in the US division.
• Global Lost Time Accident Frequency Rate (LTAFR) of 0.04.
• Launched 'Don't Risk It' campaign and held a global safety focus event.
• Launched global health & wellbeing challenge – Reach the Moon.
• Created a new Global Head of Diversity and Inclusion role.
• Launched global Affinity Networks.
• Implemented inclusive policies (gender affirmation, menopause support, gender-neutral parental leave, etc.).
• Developed internal resources and training on diversity and inclusion.
• Introduced Rotational Training Program (RTP) in the Americas.
• Hosted Friday Forums and Sustainability Season for cross-departmental learning.
• Donated over £170,000 to charities.
• Recorded 911 hours of volunteering within office hours.
• Supported community projects through community funds and Local Electricity Discount Scheme (LEDS).

Governance Achievements

• Submitted near-term and long-term emissions reduction targets to SBTi.
• Joined the United Nations Global Compact.
• Implemented mandatory anti-bribery and corruption training.
• Established a global whistleblowing policy.

Climate Goals & Targets

Environmental Challenges

• Reducing scope 1, 2, and 3 emissions to meet net-zero targets.
• Managing climate-related physical and transition risks.
• Ensuring sustainable supply chain practices.
• Closing the gender pay gap.

Mitigation Strategies

• Developed an emission reduction roadmap encompassing all business areas.
• Implemented measures to reduce transitional and physical climate-related risks (Risk Management Committee, Physical Climate Risk Assessment, etc.).
• Launched a supply chain sustainability audit initiative.
• Implemented equity analysis and remuneration review to address gender pay gap.

Supply Chain Management

Responsible Procurement

• Supply Chain Code of Conduct
• ESG survey with key suppliers
• Factory audits and traceability mapping

Climate-Related Risks & Opportunities

Physical Risks

• Acute and chronic weather patterns

Transition Risks

• Evolving policy
• Technological advancements

Opportunities

• Energy transition
• Green hydrogen production
• Asset optimization, repowering, and life extension

Reporting Standards

Frameworks Used: SBTi, UN Global Compact, Greenhouse Gas Protocol

Certifications: ISO 14001, ISO 9001, ISO 45001, ISO 55001

UN Sustainable Development Goals

• Goal 7: Affordable and Clean Energy

Goal 7 is at the heart of RES' business activity, aligning with its vision.

Awards & Recognition

• Diversity and Inclusion Award - Wind Investment Awards
• Cultural Change Award (Gender Network) - Young Professional Green Energy Awards
• Young & Inspiring Award (Gender Network) - Scottish Green Energy Awards

Environmental Metrics

ESG Focus Areas

• Environment
• Climate
• Communities
• Governance

Environmental Achievements

• Completion of the first annual maintenance and monitoring programme for ongoing proactive habitat management plans across UK solar farms
• Expansion of physical climate risk assessment across the portfolio
• Enhancement of biodiversity initiatives

Social Achievements

• Introduction of a key supplier net zero engagement target
• Expansion of due diligence processes following lessons learned from EU Taxonomy alignment exercise
• Initiatives by our Managers, including the launch of InfraRed’s women’s network and progression of RES’ five affinity networks
• Green Hill community fund awarded over £500,000 in grants

Governance Achievements

• Creation of TRIG’s ESG Committee
• Improved data collection and data quality from across the portfolio, enabling disclosure of Scope 3 emissions and reporting against all 11 recommendations of the TCFD
• Portfolio-wide health and safety initiatives including safety drills, training days, and audits

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions
• Wildfire risk in Southern Europe
• Data collection and quality from across the portfolio

Mitigation Strategies

• Introduction of a supplier net zero engagement target
• Sheep grazing introduced at TRIG’s four solar sites near Cadiz to mitigate wildfire risk
• Improved data collection and data quality initiatives

Supply Chain Management

Responsible Procurement

• Supplier net zero engagement target
• Engagement with all portfolio companies to align closer with human rights frameworks such as the UN Global Compact
• Active approach to identifying and managing strategic spares

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Changes to weather patterns
• Wildfires
• Drought
• Heat stress

Transition Risks

• Changes in power prices
• Maturing of the renewables sector
• Increased government support for the transition to net zero
• Growth of markets where TRIG has an investment focus

Opportunities

• Increased demand for sustainable investments
• Investment opportunities in maturing storage technologies
• Follow-on investments in the existing portfolio

Reporting Standards

Frameworks Used: TCFD, SFDR, EU Taxonomy, PCAF, GHG Protocol

UN Sustainable Development Goals

• Goal 7: Affordable and clean energy
• Goal 13: Climate action

TRIG's investments in renewable energy infrastructure contribute to these goals.

Awards & Recognition

• Three awards in Diversity & Inclusion categories for RES
• Platinum status from the Solar Energy Industries Association for RES’ DE&I efforts
• 13 projects awarded ‘gold standard’ level in InfraRed’s Creating Better Futures Awards