Thrive Renewables plc

Certified B Corporation
Headquarters

City of Bristol, United Kingdom

Certified Since

December 2020

Industry

Other renewable energy installation

Sector

Service with Significant Environmental Footprint

Operates In

United Kingdom

Thrive Renewables is a renewable energy investment company on a mission to power the UK’s transition to a sustainable energy future. They aim to widen ownership of the energy system, bringing individuals, communities and businesses together to fund new clean energy projects. Since 1994, the company has built or funded 39 clean energy developments including onshore wind, solar, hydro, geothermal, battery storage, renewable heat and tidal. In total so far, Thrive has generated over 2.2TWh of clean electricity, enough to meet the annual demand of 1.3 million UK residents, saving over 1 million tonnes of CO2e emissions.

Overall B Impact Score

Based on the B Impact assessment, Thrive Renewables plc earned an overall score of 131.1. The median score for ordinary businesses who complete the assessment is currently 50.9.
131.1
131.1 Overall B Impact Score
80 Qualifies for B Corp Certification
50.9 Median Score for Ordinary Businesses

Governance 18.8

Governance evaluates a company's overall mission, engagement around its social/environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.

Mission & Engagement3.0
Ethics & Transparency5.7
+ Mission Locked10

What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.


Workers 30.1

Workers evaluates a company’s contributions to its employees’ financial security, health & safety, wellness, career development, and engagement & satisfaction. In addition, this section recognizes business models designed to benefit workers, such as companies that are at least 40% owned by non-executive employees and those that have workforce development programs to support individuals with barriers to employment.

Financial Security8.5
Health, Wellness, & Safety9.8
Career Development4.1
Engagement & Satisfaction5.0

Community 18.7

Community evaluates a company’s engagement with and impact on the communities in which it operates, hires from, and sources from. Topics include diversity, equity & inclusion, economic impact, civic engagement, charitable giving, and supply chain management. In addition, this section recognizes business models that are designed to address specific community-oriented problems, such as poverty alleviation through fair trade sourcing or distribution via microenterprises, producer cooperative models, locally focused economic development, and formal charitable giving commitments.

Diversity, Equity, & Inclusion4.9
Economic Impact5.6
Civic Engagement & Giving3.6
Supply Chain Management1.9

Environment 60.8

Environment evaluates a company’s overall environmental management practices as well as its impact on the air, climate, water, land, and biodiversity. This includes the direct impact of a company’s operations and, when applicable its supply chain and distribution channels. This section also recognizes companies with environmentally innovative production processes and those that sell products or services that have a positive environmental impact. Some examples might include products and services that create renewable energy, reduce consumption or waste, conserve land or wildlife, provide less toxic alternatives to the market, or educate people about environmental problems.

Environmental Management6.2
Air & Climate5.2
Water1.9
Land & Life3.0
+ Renewable or Cleaner-burning Energy29.4

What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.


Customers 2.6

Customers evaluates a company’s stewardship of its customers through the quality of its products and services, ethical marketing, data privacy and security, and feedback channels. In addition, this section recognizes products or services that are designed to address a particular social problem for or through its customers, such as health or educational products, arts & media products, serving underserved customers/clients, and services that improve the social impact of other businesses or organizations.

Customer Stewardship2.6


Previous Overall B Impact Scores

2024 Overall B Impact Score131.1
2020 Overall B Impact Score110.8

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