Concerns around the risks of man-made climate change have been building for years, with retreating glaciers, rising sea levels, increased instances of droughts and other extreme weather events all indications of rising global temperatures. Potential knock-on effects, such as social unrest and mass migration, further highlight the importance of the challenge.
We invest in companies that are having a direct positive impact in trying to mitigate the effects of climate change, by increasing the production of renewable energy or improving its efficiency. Here’s one example of how we have invested some of the fund’s assets.
Since entering the renewables market in 2010, Octopus Renewables* has grown to become the largest investor of solar power in Europe, as well as growing to become a leading investor in onshore wind. They currently manage a global portfolio of renewable energy assets valued at more than £3 billion.
This has created a portfolio of clean energy assets with a combined capacity of 50 GigaWatt hours, producing enough electricity to power homes in a city the size of Manchester.
To read more about how Octopus Renewables is making a positive impact on the environment across the globe, visit their website.
We have invested in Octopus Renewables Infrastructure Trust, the listed investment trust launched in 2019 and managed by Octopus Renewables. ORIT’s activity contributes to provide access to affordable, reliable, sustainable and modern energy to everyone – aligning with Goal 7 of the United Nations’ Sustainable Development Goals. By acquiring and running operating sites to high standards they ensure reliable production and capital for the constructors to increase access to renewable energy. And by constructing new renewable energy plants, they contribute to increase access to affordable sustainable energy for all.
To read more about Octopus Renewables Infrastructure Trust, visit their website.
The value and income from a fund’s assets will go down as well as up. This will cause the value of your investment to fall as well as rise and you may get back less than you originally invested.
*Information sourced from company literature