NextEnergy Solar Fund Ltd (LSE:NESF) has delved into the carbon avoided and equivalent number of homes powered from its renewables in a new sustainability report.
Through supplying power to the grid from solar and energy storage, some 363,000 tonnes of carbon dioxide were prevented from being emitted in the year to March 31, 2023, the FTSE 250-listed company revealed.
This marked a 10% rise on 2022’s avoided emissions, bringing the total since 2014 to nearly 2.2mln tonnes of carbon or similar greenhouse gasses.
Energy provided from NextEnergy’s portfolio was enough to power some 242,000 homes over the course of the year, meanwhile, marking a 12% increase year on year.
“Through measuring and disclosing NextEnergy's sustainability framework, we not only show the progress made during the period but also identify how we are reducing risk,” NextEnergy chief operating officer Ross Grier said in the statement.
NextEnergy also detailed a 50% jump in the number of its biodiversity sites, alongside an increase in the acres of wildflowers planted across its portfolio to 38.
Adding new metrics for the sustainability report’s second year, the company revealed the carbon saved through the use of NextEnergy’s renewables equated to taking 120,000 cars off the road for one year.
“We are committed to ensuring that our approach to environmental, social and governance [policies] is best-in-class,” NextEnergy's ESG chair Josephine Bush commented. “We look forward to building on our progress.”