Net Zero Targets

Our targets are a combination of Science Based Targets (SBT) and internal targets. All calculations use 2019/20 as the base year (the most recent standard business year prior to the operational impact of COVID-19).

Our targets

20% of our assets directly connected to climate action and affordable clean energy by March 2025.

Reduce GHG emissions by 50% and annually source 100% renewable electricity by 2030.

Reduce emissions from business travel, employee commuting and waste by 30% by 2030.

Reduce GHG emissions from downstream leased assets by 30% by 2030.

Provide project finance in the power sector for only renewable electricity by 2030.

Electrify 100% of our car and small van (3.5 tonne and under) fleet, and 50% of our larger van fleet by 2030.

Green Assets

Novuna’s focus on funding green assets is growing and is a key part of our sustainability strategy. So far, we have funded £636.m of green assets which represents 9.1% of our total net earning assets.

Net Book Value of Green Assets (end of FY 2022/23)