ORIT is committed to supporting the UN Sustainable Development Goals with a particular focus on UN SDG 7.2 – By 2030, increase substantially the share of renewable energy in the global energy mix.
Delivering these objectives responsibly and sustainably is a key priority for ORIT and as such all decisions and contracts are subject to the ORIT ESG Policy which is reviewed annually by the Board of Directors.
The strategic goals of the ESG policy are to:
- Manage risk across the portfolio
- Mitigate climate change
- Protect and enhance the local environment
- Create jobs and support local communities
- Drive good ESG practice with contractors and suppliers
The ESG policy applies to ORIT and all its subsidiaries, as well as all aspects of the management agreement with Octopus Renewables. Octopus Renewables will report annually to the Board and shareholders on ORIT ESG matters.