What does sustainability mean to us?

For us, sustainability means creating value for all our stakeholders through the generation of renewable energy while minimising our impact on the environment and leaving society in a better place.

ESG is about assessing, monitoring, and reporting our sustainability performance through ESG frameworks and metrics to comply with regulatory obligations, meet stakeholder expectations and communicate our impact through voluntary and mandatory disclosures. 

Why is sustainability important?

While generating renewable energy, we interact closely with a wide range of stakeholders, from the natural environment to society.

The first step in developing our sustainability strategy is listening to our stakeholders to understand their expectations of us and the issues that are important to them. 

Initial engagement with our employees and external stakeholders shows that sustainability is increasingly important for them. This is reflected through their concern for emerging environmental and social risks, their expectations for transparent ESG reporting, and their support for sustainability to remain a central part of our shared culture. 

Our approach to sustainability

While our sustainability strategy is still in development, there are several core elements that form part of our approach to sustainability: 

Our impact in numbers

Each year, GRESB assesses and benchmarks the ESG performance of assets worldwide, providing clarity and insights to financial markets on complex sustainability topics.

Ventient = Score of 98 out of 100, 5 Star Rating, Renewable Power Sector Leader Status

Renantis = Score of 97 out of 100, 5 Star Rating

COMMUNITY ENGAGEMENT STATS IN 2023 FOR CORE COUNTRIES*

45%

of plants with Community Engagement Programmes**

29%

of plants with Community Benefit Funds

25%

of plants with Call for Projects Initiatives

20%

of plants with ESG Benefit Funds

* Core countries (France, Italy, Portugal, Spain and the UK).
** Engagement Programmes: Call for Projects, Community Benefit Funds, ESG Funds, Forums.

Sustainability Reporting

As noted in the ‘Climate and Environment’ section below, we are reporting 2023 emissions independently. We are working hard to combine our carbon footprint and aim to report our combined climate impact in Q1 2025. 

2023 EmissionsVentient EnergyRenantis
Scope 1475143,098
Scope 2**2,8922,066
Scope 347,58158,074
Total50,948203,238
Avoided Emissions (tCO2e)966,265539,464
** Location based

Communities

Engaging with the communities that host our renewable energy assets is the foundation of our sustainable business model.

From the beginning, we understood the importance of laying solid foundations for constant, transparent and lasting dialogue with our local communities and stakeholders. This allows us to redistribute the economic value created by our presence and to enable sustainable growth and development in the areas where we operate.

To do this, we created a framework for community engagement that’s flexible and dynamic, to make sure our contribution is really tailored to local needs. We craft our approach starting with people: it begins with early engagement, local listening and understanding of their needs.

Our community engagement models

Community benefit schemes

In areas with our implants, we annually donate a sum based on the plant’s size to a non-profit trust fund.
The local community manages these funds to support cultural, educational, environmental, infrastructural and health initiatives to raise awareness and promote energy sustainability.

Lending crowdfunding

In Italy, we developed a financing mechanism for photovoltaic projects, allowing local communities to invest profitably and sustainably.
Through an online crowdfunding platform, citizens can finance plant construction, receive attractive interest for several years, and recover their initial capital at the end of the lending period.

Cooperatives schemes

We encourage the local community to establish cooperatives, whose members contribute to financing the energy plant.
Returns on investment are attractive and the initial investment is repaid in full.

Ownership schemes

To those who live near our plants, organized as a social enterprise, we offer the possibility of owning a share of the plant itself.
This allows the community to participate in the economic results of the facility.

Climate and Environment

Whilst we are currently developing our new combined approach to sustainability, our shared commitment to environmental stewardship remains constant.

To us, this means measuring, understanding and managing our impact from several key areas including but not limited to GHG emissions, waste and water management, biodiversity and nature.  

We have already taken steps to better understand our impact on the climate by engaging in a strategic project to align our Scope 3 calculation methodology. We recognise that understanding and managing our Scope 3 emissions – those generated within our value chain – presents one of the biggest challenges we will face in reducing our climate impact. 

As well as Scope 3, we are also working hard to integrate our Scope 1 and 2 emissions, with the aim of having a fully integrated carbon footprint picture by Q1 2025. Whilst we work to combine our emissions data, we feel it is important to provide our stakeholders with a view of the latest climate impact of the two organisations, prior to the combination.

Ventient’s Sustainability Report 2023
Sustainability Report 2023
Ventient’s Sustainability Report 2022
Sustainability Report 2022
Sustainability Report 2021
Sustainability Report 2020
Sustainability Report 2019
Sustainability Report 2018
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