Bristol-based Thrive Renewables certifies as a B Corporation
Renewable energy investment company, Thrive Renewables, has certified as a B Corporation, becoming the highest ranked renewable energy company in the UK B Corp community.
Thrive has been assessed by B Lab, the not-for-profit behind the B Corp movement, and has met rigorous social and environmental standards. The company scored particularly well in the environmental and governance criteria.
Thrive has long been committed to purpose beyond profit and now, with the support of its 5,000-plus shareholders, has embedded this commitment in its company articles.
The firm was founded 26 years ago in Bristol to help people power the UK’s transition to clean energy, with the ultimate aim of reducing carbon dioxide pollution to avoid dangerous climate change.
Matthew Clayton, Managing Director at Thrive Renewables said: “Bristol is our home and its fantastic to work in a city of businesses, communities and individuals committed to addressing the climate emergency. Thrive Renewables has been here, working as a force for good for over a quarter of a century. During that time our vision, of a clean, smart energy system driven by the investment of many, has underpinned every decision we make.
“From funding one of the UK’s first wind farms in the 1990s, we have grown into a £93 million business with 16 wind, hydro and heat projects in our portfolio and new battery storage, wind and geothermal electricity generation projects in development. Additionally we’ve invested in pioneering technologies such as tidal, and developed innovative deal structures to widen ownership of renewable energy projects. Collectively, our projects prevented over 75,000 tonnes of CO2 emissions in 2019.”
Steven Fuller and Polly Grinnell, Co-Chairs of the Bristol and Bath B Local said: “We’re delighted to welcome Thrive Renewables as the latest B Corporation. Thrive has been at the forefront of renewable energy investing for many years now. It’s brilliant to have such a powerful example of business as a force for good in the region. They join a B Corp local group in Bristol and Bath businesses that is second only to London in size – a testament to the belief that businesses in the area can make a real difference to the lives of local people and the net zero carbon ambition.”