Climate Change

Climate change poses physical and transitional risks. It is a primary driver of nature loss, and it threatens livelihoods. Renewable energy is not only an economic and effective way to mitigate climate change, but also one which ensures shared prosperity.

Our approach to climate change mitigation is governed by a Climate Position Statement, which is part of NextEnergy Group’s Sustainability Policies. It is aligned with the targets of the Paris Agreement, and the ultimate aim is to facilitate investing to achieve net zero emissions on a global scale.

We are working to adapt our business to meet with, or exceed, the latest and most ambitious climate science recommendations. NextEnergy Group is developing a Climate Transition and Net Zero Strategy with climate-related science-based targets to be validated by the Science Based Targets Initiative (SBTi). This Strategy is due to be published in 2025.

NextEnergy Capital is also developing a Climate Transition Plan. The Plan will be aligned with the Transition Plan Taskforce. Building on the inherent alignment of our business model with global climate goals, the Plan will be NEC’s roadmap to further enhance our positive environmental impact while strengthening our resilience in an ever-changing environmental, social, regulatory and economic landscape. NEC’s Climate Transition Plan is due to be published in 2025.

Avoided Emissions Methodology

Our solar PV and battery energy storage assets mitigate climate change by avoiding carbon emissions and generating other positive environmental impacts. We are committed to transparency and have published an Avoided Emissions Methodology to explain how we accurately calculate and report on our positive climate impacts.