Beyond business 
as usual
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Contents
Introduction
Letter from the CEO	
3
About Lightsource bp	
4
Our Company	
4
Solar Power for Our World	
6
Focus Areas	
7
Our Ambitions	
9
Environmental Stewardship
Biodiversity	
11
Greenhouse Gas Emissions	
15
Circularity	
18
Social Responsibility
People	
20
Diversity. Equity. Inclusion.	
21
Health and Safety	
22
Human Rights	
24
Local Communities	
25
02
19
10
Governance
Corporate Governance	
29
Business Conduct and Ethics	
30
Risk Management	
31
Sustainability Governance	
32
Stakeholder Engagement	
33
About this Report
GRI Standard Index	
35
KPI Appendix	
38
28
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Introduction
Letter from the CEO	
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About Lightsource bp	
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Our Company	
4
Solar Power for Our World	
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Focus Areas	
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Our Ambitions	
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Sustainable solar power goes beyond the supply of 
renewable energy. It’s about how we run a responsible 
business and respect our environment – all while 
responding to the climate crisis with the urgency and 
attention it demands.
Sustainability is a core value at Lightsource bp, 
it’s foundational to how we do business, 
and our commitments to sustainability go 
beyond solar. 
This document, our first annual sustainability 
report, is the result of more than a decade 
of hard work and dedication – from our 
first solar farms in the UK to the ~2GW 
of developed projects in 2021. 
We are constantly looking at ways to do 
more than business as usual – delivering 
sustainable, affordable, reliable solar energy 
at scale. We’re operating at the scale and 
pace that the world needs to combat climate 
change. Our industry-leading 25GW by 2025 
target is more proof that Lightsource bp 
has left business as usual far behind. 
As the climate emergency gathers pace, 
Lightsource bp’s future and purpose 
becomes even greater. And I can’t think 
of a better team to help change the world. 
We’re leading from the front, and with 
this comes a responsibility to support the 
sustainable growth of our sector. This report 
holds us accountable to that privilege. 
Nick Boyle, Group CEO
Letter from the CEO
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About  
Lightsource bp
Our Company
Lightsource bp (LSbp) is an international solar business. We develop, 
finance, build and operate utility-scale solar power projects through smart 
and sustainable solutions. As a leading global solar developer and 50:50 
joint venture with bp, we are rapidly scaling-up to help meet the rising 
demand for reliable electricity, while supporting the global energy transition.
We create value across the entire asset lifecycle by using an integrated 
approach to our business structure. From financing and development 
through to long-term maintenance, our in-house team provides a full-
service experience to our customers. Lightsource bp does not provide any 
manufacturing services or supply raw materials; we build and maintain our 
solar power plants with parts, services and equipment purchased from the 
third-party supply chain. Lightsource bp sources solar panels, transformers, 
inverters, trackers and other related materials and services either directly 
from manufacturers, or indirectly through our engineering, procurement, 
and construction (EPC) partners or co-development partners.
 lightsourcebp.com Find out more about our Company and  
Partners on our corporate website
D E V E LO P A N D  B U I L D
Recently named largest solar 
developer in the world, we have 
established a track record in 
developing solar assets from early 
stage greenfield, through to late stage 
M&A and ‘Ready to build’ status.
M A N AG E  A N D  O P E R AT E
Our team are highly skilled in managing 
performance and operations of utility 
scale solar assets for over 12 years. 
This includes a mixed portfolio of 
Lightsource bp owned projects and 
third party assets.
We continue to invest in the latest  
AI technology to improve returns 
and performance.
OW N  A N D  A S S E T 
PA RT N E R S H I P S
As part of accelerating the 
energy transition we also provide 
opportunities around the world 
for utilities and investors looking 
to acquire and grow their own 
renewable portfolios.
W H AT W E  D O
Lightsource bp develops, owns and operates utility-scale solar projects that deliver affordable  
and sustainable power across the world. We also work in partnership with third party investors  
to help build and grow renewable energy portfolios.
Underpinned by our core values:
Safety, Integrity, Respect, Sustainability and Drive
Our Strengths
Global reach and buying power; Financing capability; Track record in delivery and Investment in innovation
D E V E LO P A N D 
B U I L D
M A N AG E  A N D 
O P E R AT E
OW N  A N D  A S S E T 
PA RT N E R S H I P S
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A G LO BA L P L AT F O R M  W I T H  A LO C A L I M PAC T
 
Our activities expand across EMEA, APAC and the Americas. These markets feature  
strong fundamentals to deploy solar and capital at scale.
16
offices
4
joint ventures  
& other businesses
 
European  
Government Affairs
A M E R I C A S
 Brazil
 Trinidad & Tobago
 United States of America
E M E A
 Greece
 Italy
 Netherlands
 Portugal
 Republic of Ireland
 Spain
 United Kingdom
 Belgium
 Egypt
A PAC
 India
 Australia
 Taiwan
O U R  CO R E  VA LU E S
Lightsource bp is a business underpinned by our  
core values: 
 
 
We place our core values at the centre of everything 
we do and aim to enact positive change through 
the development of our solar projects and business 
operations. Sustainability is how we do business.
 lightsourcebp.com/about/our-culture  
Find out more about our core values
D R I V E
I N T EG R I T Y
S U S TA I N A B I L I T Y
SA F E T Y
R E S P EC T
15
countries  
of operation as  
of end of 2021
AT T H E  E N D  O F 2 0 2 1
5.4GW
of projects developed  
to-date 
23GW
project pipeline
>600
people in our team
1.3TWh
of clean energy delivered 
from our owned assets
About Lightsource bp continued
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Solar Power for Our World
Climate change, decarbonising energy, and biodiversity loss are among the complex and 
interwoven global issues that we face today. These issues have serious environmental 
consequences directly impacting on both the natural world and people’s lives and 
livelihoods. At Lightsource bp, we are taking action to respond to the urgent call to 
address these issues now.
Our core contribution to global sustainability is in decarbonising the world’s energy landscape 
through responsibly developed solar projects. In 2021, we developed c.2GW of projects. 
Delivering these projects will provide clean energy and support the net zero goals of many 
governments, businesses, and communities. Our goal is to develop 25GW of solar projects 
by 2025, and to do so safely and sustainably.
Lightsource bp 
supports the Sustainable 
Development Goals:
Energy
People
Social responsibility 
for our people, partners  
and communities
Environment
Environmental stewardship
going beyond business as usual
•	 Enhance ecosystems and biodiversity
•	 Take science-based climate action
•	 Improve circularity
O U R  S U S TA I N A B I L I T Y F R A M E WO R K
In 2021, we shared our sustainability framework spanning three key pillars: Energy, Environment, and People. 
Environmental 
stewardship
Social responsibility
Energy
Environment
People
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B I O D I V E R S I T Y A N D  M U LT I U S E  S O L A R 
The complex challenge of resourcing for a rapidly 
expanding global population can create land use conflicts. 
As the number and scale of solar projects grow to meet the 
growing demand for clean energy, so too does a perception 
that solar developments are competing with agricultural 
production or having a negative impact on existing 
ecosystems. This challenge also presents an opportunity 
for development and innovation. Lightsource bp continues 
to work to preserve or enhance biodiversity around our 
solar projects, and is increasingly active in the space of 
agrivoltaics, where the land is used for agricultural purposes 
and renewable energy generation. 
 Pages 11-14 See more on our ambition to be a leader in 
biodiversity and multi-use solar
G R E E N H O U S E  G A S  E M I S S I O N S
According to Project Drawdown, one of the top solutions 
to the climate change crisis is utility-scale photovoltaic solar 
energy. Across the lifecycle, photovoltaic solar farms emit 
over 95% less greenhouse gases than a coal fired power 
plant1. However, there are still some emissions from the 
manufacturing and transportation of the equipment for the 
solar farm, which will become more material as the industry 
grows. That growth could also create demand for a lower 
carbon, more distributed supply chain. Delivering a lower 
carbon supply chain also requires work across the industry 
to optimise material and energy use in manufacturing. 
 Pages 15-17 See how we are working with others to measure 
and reduce our greenhouse gas emissions 
Sustainability has always been core to how we operate at Lightsource bp. 
Over the past decade, we have made significant efforts to work with the land, partner with local communities and 
create an inclusive culture for our employees. Over the past few years, the broader impacts of the solar energy industry 
came into focus, with increasing stakeholder engagement on human rights, local communities, biodiversity, circularity, 
and greenhouse gas emissions. These are the areas that will be in focus as we set our ambitions, act, and measure our 
progress over the coming years.
Focus Areas
1	 National Renewable Energy Lab (NREL). 2021. ‘Life Cycle Greenhouse Gas Emissions from Electricity Generation: Update’. Accessed August 2022.
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C I R C U L A R I T Y 
As more solar energy is developed and as projects near 
end-of-life, the International Energy Agency (IEA) predicts 
annual global waste from PV solar energy to increase to 
c.89% of annual installed capacity by 2050, from a relatively 
small base today1. Addressing the management and re-use 
of this waste is a key issue for the solar industry. By weight, 
more than 80 percent of a typical solar panel is glass and 
aluminium1 – common and easy to recycle materials. 
Further, there are companies working to recover the critical 
materials in some components, such as solar panels, so 
they can be re-used in future manufacturing. By working 
with the industry and supply chain to optimise equipment 
design, managing operations to maximise asset life, and 
implementing responsible end-of-life management 
practices, the amount of waste can be greatly reduced, 
and re-use of critical materials can be increased. 
 Page 18 See how Lightsource bp is committing to improving 
circularity and managing waste
H U M A N  R I G H T S 
As supply chains have become increasingly global, 
internationally recognised protections for human rights 
have been developed to mitigate the risk of modern slavery. 
To implement these standards, multiple sectors have focused 
on greater levels of supply chain transparency. In the solar 
energy sector, both human rights protection and supply 
chain traceability have increased in relevance due to the 
complexity of the supply chain and recent allegations of 
forced labour. Lightsource bp is committed to respecting 
human rights, and we are continuously improving our 
supply chain due diligence processes to assess risk and 
inform business activities. 
 Page 24 See more on our policies and approach
LO C A L CO M M U N I T I E S 
Building solar energy at scale has the potential to 
impact communities in many ways. To deliver a just 
transition, community needs are factored into each project. 
At Lightsource bp we seek to work with our communities, 
by contributing to economic development, forming local 
partnerships and creating educational opportunities. 
 Pages 25-27 See some examples on how we work with 
communities
Focus Areas continued
1	 International Renewable Energy Agency (IRENA) and IEA International Energy 
Agency Photovoltaic Power Systems Programme (IEA-PVPS). 2016. ‘End of Life 
Management: Solar Photovoltaic Panels’. Pages 32 and 41. Accessed August 2022.
 
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Our Ambitions
We are proud to share our ambitions that will 
guide our sustainability journey.
Environmental Stewardship
We aim to improve the circularity  
of our solar assets by:
•	 Committing to reuse or recycle 
solar panels in our owned assets
•	 Measuring and reducing our  
waste footprint
We aim to take science-based  
climate action on greenhouse gas 
emissions by:
•	 Reducing our absolute Scope 1 and 2 
emissions 26% by 2027, from a 2021 
base year
•	 Reducing our Scope 3 emissions  
52% per MW constructed by 2030, 
from a 2021 base year
We aim to be a leader in biodiversity 
and multiuse solar by:
•	 Delivering biodiversity net gain on our 
operating assets, measured 5+ years 
post-construction
•	 Developing a biodiversity management 
plan for LSbp developed projects
Social Responsibility
We will respect human rights 
in alignment with international 
standards by:
•	 Adopting procedures to manage 
the risk of modern slavery in our 
operations and supply chains
•	 Performing supplier due diligence 
to inform supplier selection and 
management
•	 Collaborating with industry to 
improve supply chain transparency 
and traceability
We will invest in local communities 
including:
•	 Supporting economic development 
through local partnership and job 
creation 
•	 Offering hands-on educational 
opportunities from academic research  
to solar training programmes
Energy
Environment
People
S O L A R  P OW E R  
F O R  O U R  WO R L D
We are delivering renewable, 
affordable and reliable solar energy 
to power the energy transition. 
Our mid-term target is to develop 
25GW 
by 2025
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We must act now to fight climate change.  
As a business, Lightsource bp believes that it  
is our responsibility to continue to improve  
our business practices, prioritising improving 
biodiversity, reducing greenhouse gas emissions, 
and improving circularity. We are excited to 
share our commitments and progress to-date  
in these areas. 
Environmental 
Stewardship
Biodiversity	
11
Greenhouse Gas Emissions	
15
Circularity	
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Biodiversity
The global loss of biodiversity is contributing to the 
acceleration of climate change through the loss of 
Earth’s natural carbon sinks. 
Our fragile ecosystems are required to support both human and animal life and are 
deteriorating at a rapid rate. As owners and tenants of large areas of land, Lightsource bp 
has a responsibility and an opportunity to support the replenishment of biodiversity. 
In addition to contributing to the green energy transition, it is Lightsource bp’s priority to 
ensure that our solar farms are developed in such a way that goes beyond avoiding adverse 
impacts on biodiversity, making a significant contribution to habitat creation and biodiversity 
enhancement. This is achieved initially through careful site selection, where sensitive and 
protected areas are avoided where possible. Throughout the development process, robust 
environmental impact assessments are undertaken to ensure the local environment is well 
protected and to identify opportunities for biodiversity enhancement. For many of our sites, 
a Biodiversity Management Plan (BMP) is prepared. 
At Lightsource bp, we define a BMP as a plan that outlines measures to avoid or mitigate 
biodiversity impacts, details compensatory and enhancement measures, and sets out an 
ongoing monitoring and reporting regime.
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Biodiversity continued
Our current and historical project pipeline already 
works to protect ecosystems and deliver biodiversity 
enhancements. Of our 2021 developed projects1:
•	 44% have, or are in the process of preparing,  
an associated BMP. 79% of the LSbp self-developed 
projects2 have a BMP, whilst none of our  
co-developed projects3 do.
•	 Of the 56% of projects that do not have specific 
BMPs, 37% still include habitat creation measures 
in the project design, but do not have a defined 
monitoring scheme that is a requirement in the 
delivery of a biodiversity net gain.
Additionally, Lightsource bp is proud to have many 
sites where agrivoltaics plays a key role in supporting 
local communities through continuing the traditional 
agricultural use of the land. Typically, this involves 
beekeeping and sheep grazing, however the unique 
characteristics of a site and its local context is always 
taken into consideration when identifying the 
appropriate co-use.
1	 Projects which have reached financial close within the calendar year.
2	 Projects where land agreements, permitting and grid connection agreements are 
developed by our in house teams, rather than external co-development partners.
3	 Projects where we work with co-development partners who lead on land 
agreements, permitting and grid connection agreements.
M U LT I U S E  S O L A R  FA R M S
Solar farms temporarily set aside land and protect it from permanent loss due to industrialisation and urbanisation – and they afford 
countless opportunities to layer on the benefits of solar since the land under and around the panels is protected for decades.
	Ground-mounted solar panels sit 
on posts, several feet in the air. 
The posts themselves cover less 
than 10% of the ground.
	
This leaves plenty of open space 
underneath to maximise the 
sustainable benefits of solar.
	On many of our solar farms, the 
ground is seeded with grasses and 
pollinator-friendly flowers prior to 
construction.
	
This helps stabilise the soil during 
construction and provides habitat for 
insects and wildlife throughout the 
project life.
	Agrivoltaics is the co-location of 
solar and agriculture. At some of 
the facilities, small livestock graze 
beneath the panels.
	
We are also working to co-locate 
food crops with solar.
	As vegetation and manure  
decompose, they enrich the  
soil with carbon and nutrients. 
	
Underground, the soil remains 
undisturbed for decades.
26% 
of our 2021 Developed 
Assets have grazing 
implemented or proposed
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Biodiversity continued
To build on this work and strengthen our commitment, 
Lightsource bp aims to achieve a biodiversity net gain 
(BNG) on our ground-mount solar sites, beginning with 
our self-developed projects. The aim is to achieve a BNG 
following five years of operation or within an ecologically 
appropriate timeframe for more challenging climates or 
habitats. Initially, this aim applies to all Lightsource bp 
self-developed projects starting with our 2023 development 
pipeline, with a view to considering its application to 
co-developments and acquisitions in the future. 
Our Biodiversity Management Plans will help deliver this goal 
and will be prepared for all Lightsource bp developed solar 
projects, designing a project-specific approach to biodiversity 
enhancement and the delivery of a BNG. In 2021, we also 
started work on our BNG Framework, which lays out the 
principles by which we develop these biodiversity 
management plans. This will underpin our commitments 
in our recently issued Biodiversity Policy. 
 Read more Biodiversity policy
As an example, on our 18MW UK Streetfield project, our 
BMP has an anticipated biodiversity net gain of over 20%. 
This is achieved through protecting and enhancing important 
wildlife corridors with new hedgerow tree planting and 
seeding the site with a species rich grassland meadow mix. 
It is recognised that establishing a wildflower meadow will 
take time due to the previous use as a heavily managed 
agricultural land, including the application of fertilizers. The 
Biodiversity Management Plan also sets out the monitoring 
and measurement of biodiversity impacts over time. 
As part of understanding our historical impact on biodiversity, 
we are currently analysing a sample of our assets that have 
been operational for five or more years through a range of 
ecological surveys. Of our 49 ground-mount solar projects 
that have been operational for 5+ years, 55% of these have 
a BMP. Additionally, 18% are presently home to grazing 
sheep and 10% have beehives on site that are managed by 
a local beekeeper.
55% 
have a Biodiversity 
Management Plan
18% 
are home to  
grazing sheep
10% 
have beehives on site that 
are managed by a local 
beekeeper
On our solar projects that 
have been in operation for 
5+ years…
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Biodiversity continued
C A S E  S T U DY
Researching biodiversity benefits at solar farms
Lightsource bp’s Nittany 1, 2 and 3 solar farms in 
Pennsylvania, totalling 70MW, power 25% of Penn State 
University’s state-wide electricity needs under a 25-year 
power purchase agreement. Yet these sites are living, 
breathing ecosystem complete with soil microbes, 
vegetation, insects, wildlife and, in some cases, 
domesticated livestock. 
All three solar farms were designed to boost biodiversity 
and support pollinator populations. Lightsource bp 
seeded the sites with a mix specifically formulated by 
the American Solar Grazing Association (ASGA), in 
partnership with Ernst Conservation Seeds and Pollinator 
Service. The seed mix, aptly named “Fuzz and Buzz,” 
was designed to support pollinator species at solar sites, 
in addition to flocks of sheep. 
At Nittany 1, more than 700 sheep are managing 
vegetation through rotational grazing, an example  
of agrivoltaics, or co-located solar and agriculture.  
A neighbouring farmer grazes almost 500 sheep 
among the solar panels, using a rotational system to 
feed the flock and maintain the land. As livestock 
digest vegetation, they spread manure, cycling nutrients, 
carbon and water back into the soil. As they chomp on 
vegetation, the sheep introduce helpful bacteria and 
attract beneficial insects as well. 
These solar farms will contribute soil samples and other 
data to two research projects studying how sheep advance 
biodiversity at solar farms. Researchers from Shippensburg 
University’s Geography & Earth Science Department are 
conducting research to learn how converting farmland to 
solar fields affects soil properties, carbon dynamics and 
biodiversity. The American Solar Grazing Association 
(ASGA) is examining both the environmental and 
economic impacts of sheep grazing on solar farms 
through a study sponsored by the New York State Energy 
Research and Development Authority (NYSERDA). 
C A S E  S T U DY
Protecting ecosystems through 
construction and operations
Lightsource bp’s 250MW Vendemia solar farm in 
Zaragoza Spain was constructed in 2020 and 2021. 
Before construction, multiple surveys were performed 
including a field survey on natural vegetation, habitats 
of community interest, cultural heritage sites and 
fauna. Further, a Lesser Kestrel population field survey 
was carried out to check the population status around 
the solar farm location. These surveys resulted in 
specific protection actions including: avoidance of 
herbicides through construction and operations, 
planting of local herbaceous steppe flora species 
within the array, and construction of a Lesser Kestrel 
nesting tower alongside support for a Kestrel chick 
raising programme. 
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Greenhouse Gas Emissions
Through providing solar energy solutions, Lightsource bp is 
already providing a low-carbon alternative energy source, 
through our aim to develop 25GW of solar farms by 2025.
While this decarbonisation of the global energy landscape 
is imperative, Lightsource bp also recognise that there are 
additional efforts to be made to reduce emissions associated 
with our operational footprint and our supply chain. 
In 2020, Lightsource bp joined the UN Race to Zero. 
Work on collecting Lightsource bp’s greenhouse gas (GHG) 
emissions data began in 2021, following the guidance by 
the GHG Protocol. Lightsource bp’s carbon equivalent 
emissions calculations followed the ‘operational control’ 
approach, accounting for all emissions from operations 
over which we have operational control.
604,442
Carbon Emissions (tCO2e)
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0.16%
 Scope 1
0.04%
 Scope 2
99.80%
 Scope 3
Scope 1  
962
Scope 3  
603,249
Scope 2  
231
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Greenhouse Gas Emissions continued
G H G  I N V E N TO RY
Our original inventory was based on 2019 to best represent 
the emissions from Lightsource bp operations and activities 
before any disruptions caused by the COVID-19 pandemic 
took place. 
In 2019, our Scope 1 and Scope 2 emissions were primarily 
from mobile combustion in our operations and purchased 
electricity in our offices. Our estimated Scope 3 emissions 
comprised over 99% of the total GHG footprint, the large 
majority of which is from our supply chain, including the 
embodied carbon in the solar panels and other equipment 
purchased for the solar assets. 
2 0 2 1  DATA
Since 2019, emissions have increased in line with the 
growth of the business and activities. In addition, as the 
understanding of our sources of emissions and data 
collection improves, we are building a more complete 
view of our carbon impact. 
For example, 2021 Scope 1 data now includes emissions 
from generator fuels used at our O&M sites, which was not 
included in 2019 or 2020 datasets. Additionally, we identified 
where our offices are powered by renewable energy. 
This led to a decrease in Scope 2 emissions from 2019.
Scope 1 & 2
0
400
800
1,200
1,600
2,000
Emissions  (tCO₂e)
2019
2020
2021
376
575
231
12
514
575
151
14
591
492
187
0.3
 Stationary Combustion	
 Scope 2 (Market Based)
 Mobile Combustion	
 Refrigerants
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Our Scope 3 calculations include estimated emissions from 
all categories that are relevant to Lightsource bp as outlined 
in the GHG Protocol Standard and is more fully detailed in 
the KPI appendix. Capital goods account for over 99% of 
emissions in 2021. 
From 2019 to 2021, Scope 3 absolute emissions increased in 
line with the growth of our project delivery. To normalise this 
figure, we define our Scope 3 emissions intensity as tonnes 
of CO2e per total MW of projects that started construction 
in that year. Our Scope 3 emissions intensity has decreased 
by over 8% from 2019, due to both project mix and 
utilisation of products with a lower emissions footprint. 
For our capital goods estimate, we use life cycle analysis 
data published by some of our suppliers at a component 
level, which more accurately reflects the manufacturing 
inputs than a raw material-based approach. However, this 
data is limited in availability. Engaging further with our 
supply chain to regularly provide and update these analyses 
will improve the accuracy of this information and help us 
map out reduction opportunities for our Scope 3 emissions.
We plan to improve data quality for other Scope 3 
categories, such as waste generated. In 2021, we began 
to estimate construction waste impacts and as our data 
collection methods improve over the coming years, we 
anticipate reporting measured data for both construction 
and operations activities.
E M I S S I O N S  R E D U C T I O N  TA R G E T S
As Lightsource bp continues to deliver solar energy at scale, 
our absolute GHG impact would also increase. We will 
need to work collaboratively with the solar value chain to 
implement change and reduce emissions. To reduce the 
impact, we are setting GHG emissions targets including:
•	 Reducing our absolute Scope 1 and 2 emissions 26%  
by 2027, from a 2021 base year
•	 Reducing our Scope 3 emissions 52% per MW 
constructed by 2030, from a 2021 base year
We have developed these near-term targets utilising 
guidance from Science Based Targets initiative (SBTi),  
as part of our UN Race to Zero commitment. These targets 
have not yet been approved by SBTi, and we intend to 
undergo that process over the coming year.
Greenhouse Gas Emissions continued
Scope 3
 Scope 3 Intensity  
(tCO2e/MW)
 Scope 3 Emissions  
(tCO2e) 
 Capacity  
(MW)
0
400,000
800,000
1,200,000
1,600,000
2,000,000
Emissions  (tCO₂e)
Capacity (MW) and Intensity (tCO₂e/MW)
2019
1,083
876
986
2020
2021
0
400
800
1,200
1,600
2,000
 
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Circularity
As a company that develops, constructs, and operates solar 
facilities, we can positively impact the waste footprint of 
our operations by working with our suppliers in design, 
construction, and operation. 
Quality
One of the most important actions we can take to reduce 
waste is to design and construct with quality, to extend the 
life of the asset. Manufacturing quality is a key part of our 
equipment supplier on-boarding process. Additionally, we 
require our construction suppliers to develop quality plans, 
and we provide oversight on this across the construction 
period. During operations, we are dedicated to continually 
ensuring the site runs to its intended life and maximum 
efficiency by cleaning the panels, testing the equipment, 
and managing the land.
Waste Management
We require our primary suppliers and contractors to adhere 
to applicable local and regional waste regulations. Further, 
we are working to increase the visibility of our construction 
and operations waste footprint. We intend to establish this 
in 2023, and will then work with contractors and suppliers 
to develop ways to reduce and recycle this waste.
Solar Panel Recycling
Through the course of regular construction and operation, 
solar panels can be damaged or can malfunction. We 
understand the concerns with sending solar panels to 
landfill. Though we ensure we procure panels that can be 
disposed of safely, we want to recover resources and 
materials where we can. To reduce waste to landfill, we 
commit to reuse, refurbish, or recycle solar panels from our 
assets. In the UK, we work with several organisations to first 
refurbish or reuse the panels, and then recycle where this is 
not possible. In the US, we are working with SEIA to identify 
and qualify recycling companies via their National PV 
Recycling Programme. We also signed a MoU with Lotus 
Energy in Australia to progress our recycling activities.
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Social 
Responsibility
People	
20
Diversity. Equity. Inclusion.	
21
Health and Safety	
22
Human Rights	
24
Local Communities	
25
We are committed to creating an equitable 
business that creates a positive social impact 
for our people, partners, and communities.  
We do this through a focus on an inclusive 
and safe company culture, an ethical supply 
chain, and strong community engagement. 
 
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People
Our people are key to the success 
of Lightsource bp today, and the 
growth in the future. 
Attracting and retaining talent is critical to our business. 
We encourage our people to ‘be you’, creating an inclusive, 
open culture that continues to attract talent from within 
and outside the solar energy sector. In 2021, we started 
the year with c.450 employees and finished the year with 
over 600 employees. 
As we are growing, we are seeking new ways to make 
the most of our human talent and potential, creating a 
continuous learning culture where people are inspired to 
reach their professional goals. Our standards of leadership, 
core values and distinctive culture are powerful assets to 
attract and retain the best talent, as well as manage our 
business in a sustainable and successful way. 
As an example, we partnered with Wilson Sloan 
Consulting to provide a series of transformational leadership 
development programmes designed to increase individual 
and collective leadership competence. These programmes 
support leading and developing teams, creating a culture 
of accountability, and contributing to the delivery of our 
strategic ambitions and global growth. The sessions also 
provide a valuable network of peers working at a senior 
level across the business. In 2021, 40 leaders overall 
attended the leadership development programmes. This 
investment supports our belief that it is the quality of our 
people and leadership which differentiate Lightsource bp.
40
leaders overall  
attended the leadership  
development programmes  
in 2021
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They’re more than just words for us. At Lightsource bp, they’re the principles guiding how 
we build our teams, cultivate inclusive leadership, and create diversity in the workplace — 
where our people are comfortable bringing their authentic whole selves to work.
In 2021, we solidified our commitments to DE&I through our 
DE&I mission statement and framework, outlining our principles 
and near-term priorities. These inform our recruitment practices, 
employee onboarding, compensation, and general ways of working. 
These are living documents, rather than a fixed policy, with the 
intention of being ambitious and ever evolving. These build  
on our core value of Respect, and existing commitments in our  
Code of Business Conduct and Ethics, Employee Handbook,  
and Equal Opportunity Policy. 
Internally, we promoted and embedded the DE&I mission statement 
through a multi-day company engagement session dedicated to 
diversity, equity, and inclusion respectively. Raising awareness of 
each topic and starting conversations with our colleagues helped 
build a foundation on which we continue to grow.
We also built our understanding of our DE&I data and developed 
a plan to improve our measurement of both DE&I and employee 
engagement. This will help to not only gather data but listen to 
our team members and act to maintain areas of success and make 
progress on areas for improvement.
These efforts were delivered by our vibes programme, which started 
in 2021. The programme concentrates on four main areas: Diversity, 
Equity and Inclusion (DE&I), Wellbeing, Philanthropy, and Events. 
Our vibes committee was formed to help safeguard and nurture 
our culture – our vibe. The committee is intended to represent our 
people as well as create value for our company. It is a committee 
run by our people, for our people. Made up of Lightsource bp 
employees from all areas of the business – empowered and 
endorsed by our leadership.
V I B E S
In 2021, we started our vibes programme – which 
stands for volunteering, inclusivity, belonging,  
equality, and society. Our vibes committee  
was formed to help safeguard and nurture  
our culture – our vibe!
 Read more DEI Framework
 Read more DEI Mission Statement
Diversity. Equity. Inclusion.
Gender split 2021 – Permanent employees
Age split 2021 – Permanent employees
0
50
100
150
200
250
300
18–24
25–34
35–44
45–54
55+
11
234
240
111
35
 Male 
432
 Female 
207
As of year-end 2021, our employee data is as follows:
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Figure 1: Lightsource bp Health, Safety, Environment Golden Rules
We are committed to creating a safe 
and healthy working environment for 
everyone including employees, 
contractors, and visitors. 
Strong, visible, and demonstrable leadership commitment 
to health and safety excellence is critical as we deliver 
high quality projects globally. Health and safety leadership 
starts at the top, underpins our reputation and is the 
responsibility of all. 
 Read more Health, Safety, Security & the Environment Policy
Our Approach to Health and Safety
Lightsource bp has an established environmental health 
and safety management system, in accordance with 
ISO 14001 and ISO 45001, which covers the activities 
and supporting processes associated with the safe design, 
construction and operation of utility-scale solar plants. 
Health and Safety
T H E  G O L D E N  R U L E S
The Golden Rules are one part of how we create a 
culture of safety and avoid work-related fatalities and 
serious injuries. These rules primarily address the 
high-risk activities that we’re involved in and provide 
a framework and guidance for safe operations in the 
field, at work sites, in the office, and at home. 
Personal Safety
Protect yourself and your colleagues against work hazards
Vehicle Safety
Practice safe driving, including driving defensively
Environment Safety
Protect yourself against outdoor and environmental hazards
Equipment Safety
Plan heavy equipment movements and clear area before moving
Electrical Safety
Protect yourself against shock and arc flash hazards
Working at Height Safety
Protect yourself against a fall when working at height
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Training is a key part of maintaining our safety culture. 
Over and above legally mandated health and safety training, 
Lightsource bp staff take regular refresher courses. Robust 
contractor prequalification and monitoring ensures we are 
only hiring and working with partners who have a record 
of delivering on their own strong health and safety 
commitments. We also benefit from our people’s collective 
experience and the partnership with bp to mitigate risks 
throughout the entire lifecycle of our assets.
We encourage employees to raise health, safety and 
environment concerns, and have an Incident Escalation 
Procedure which defines how that information is shared, 
investigated, and resolved within the company and/or 
externally. We also empower anyone on our sites to stop 
the job if they perceive an unsafe condition. Strong health 
and safety reporting culture helps drive learning and 
improvement in our ways of working.
Safety Performance
At Lightsource bp, our goal is to achieve an injury-free 
workplace. In 2021, Lightsource bp had a company 
recordable injury rate of 0.43 (0.53 for contractors) compared 
to an industry average of 1.5. 2021 was an exceptional year 
around health and safety performance considering some of 
the challenging headwinds around the COVID-19 pandemic 
and the growth the company experienced during this 
period. Lightsource bp was able to achieve this level of 
performance through establishing a strong safety culture 
throughout the company and ensuring an understanding 
of Lightsource bp’s Safety Policies and Procedures. 
In line with guidance from the World Health Organisation, 
and local authorities, Lightsource bp – and our contractors 
– took significant measures to inhibit the spread of 
COVID-19. As a result of the company’s diligence we 
experienced no loss of life or impacts to the successful 
delivery of our projects in 2021 because of COVID-19.
Mental Health and Wellbeing
Lightsource bp provides employee assistance and wellbeing 
programmes to our employees around the globe. The vibes 
committee aims to identify opportunities to enhance 
employee wellbeing and health programmes globally.
Health and Safety continued
Lightsource bp 2021 Recordable Incident Rates within Operating boundaries 
(LSbp Staff and O&M – UK) 
Recordable Incident Rates within Operating 
boundaries
0
3
6
9
2018
Count
Frequency
2019
2020
2021
0.0
0.5
1.0
1.5
2.0
2.5
3.0
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Lightsource bp is committed to acting ethically and with integrity in all our 
business dealings and relationships. We are implementing and enforcing 
effective systems and controls that aim to prevent modern slavery in our  
own business and in our supply chain. 
Internally, we have a commitment to respect human rights 
in our Code of Business Conduct and Ethics. We provide 
employee training on the Code and have a Speak Up policy 
for employees and external parties to raise concerns. This 
programme is managed by our Chief Compliance Officer. 
 Page 30 See more on Business Conduct and Ethics
Working with our supply chain is key to our business. 
Lightsource bp has an annual procurement volume of 
over £600m. Lightsource bp sources solar panels, 
transformers, inverters, trackers and other equipment 
either directly from manufacturers, or indirectly through our 
engineering, procurement, and construction (EPC) partners 
or co-development partners. We have taken multiple steps 
across our procurement processes to communicate our 
expectations and perform supplier due diligence. 
We communicate our expectations through our Code of 
Conduct for Counterparties and through the compliance 
protocol within our standard contractual clauses. These 
are based on the International Labour Organisation Core 
Conventions on Rights at Work and include prohibition of 
forced or compulsory labour, human trafficking, and child 
labour, as well as obligations to provide employees safe and 
healthy working conditions, freedom from discrimination, 
freedom of association and freedom of movement. 
Counterparties involved in the development, construction, 
and operation of a Lightsource bp solar plant are 
contractually required to comply with this code and pass 
down these obligations to sub-contractors. 
Our selection and identification of suppliers is based on a 
qualification assessment. Findings from this process inform 
counterparty selection as well as ongoing oversight which 
Human Rights
can include desktop and/or site-based audits as needed. 
We are taking steps both as a company, and through 
industry collaboration, to improve and enhance this supplier 
due diligence process, to include a broader Environmental, 
Social and Governance (ESG) scope and greater supply 
chain transparency.
Concerns or grievances can be raised via our Speak Up 
channels. If we identify instances of modern slavery or 
human trafficking, we will take suitable action which may 
include terminating discussions and/or existing relationships 
with the counterparty in question and notifying relevant 
authorities of the issues involved.
 Read more Human Rights policy 
 Read more Modern Slavery statement 
 Read more Code of Business Conduct and Ethics 
for Counterparties
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Lightsource bp’s solar projects are in place for the long-term 
with most projects having a lifespan of 25 years or more. 
We work with various stakeholders when developing and 
building our solar farms to make sure our projects benefit 
the local community. For each of our LSbp developed 
greenfield projects, we engage with the community as part 
of the planning process to share more about the project 
and understand any concerns or opportunities. We aim to 
construct our solar farms to strengthen economies, promote 
solar education, foster environmental sustainability, and 
create partnerships.
Economic Development
Solar farms can help strengthen local economies by creating 
jobs, contributing significant property tax revenue, providing 
dependable revenue to landowners to supplement their 
income, and bringing multi-million-dollar annual operations 
budgets that are primarily spent in the region. 
We make efforts to identify opportunities to procure local 
services including construction, and areas like fencing or 
vegetation management. In the US alone, we created 850 
direct construction jobs across our 2021 projects including 
Bighorn, Elm Branch and Briar Creek.
S O M E  O F T H E  S O L A R  CO N S T R U C T I O N  J O B S  W E  C R E AT E D  I N  2 0 2 1
Barrica solar cluster
Aragón, Spain
Bighorn solar project
Pueblo, Colorado, USA
West Wyalong solar farm
New South Wales, Australia
150
construction jobs
100MW
300
construction jobs
170
construction jobs
300MW
108MW
Local Communities
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C A S E  S T U DY
Educational site visits in the UK
We worked with schools and universities to organise 
visits to our operational solar sites. Someone from our 
team explains how our sites operate on a day to day 
basis and how they are maintained. This gives students 
an insight to the technology and innovation used in 
solar energy and demonstrates the scale at which  
we operate.
Empowering Education
Our solar farms provide educational opportunities for local 
schools and universities, with Lightsource bp providing 
curriculum support, research opportunities, internships, and 
site tours. We’re also implementing programmes to offer solar 
job training opportunities to interested community members, 
including making apprenticeship programmes and solar jobs 
accessible to community members most in need. 
Creating Partnerships
The benefits we’re able to bring to communities are 
enhanced through collaborative initiatives with our partners. 
At Lightsource bp, we’re excited to support and work 
with organisations that share our desire to create a more 
sustainable, resilient and equitable world for present and 
future generations.
In Australia, Lightsource bp partnered with Clontarf 
Foundation. The foundation exists to improve the 
education, discipline, life skills, self-esteem and employment 
prospects of young Aboriginal and Torres Strait Islander 
men. Across our Wellington, Woolonga and West Wyalong 
projects, we are committed to contributing $30,000 
annually through the lifespan of the project.
Lightsource bp is a sponsor of Root and Rebound, a US 
non-profit committed to restoring power and resources 
to families and communities most harmed by mass 
incarceration through legal advocacy, public education, 
policy reform and litigation.
Local Communities continued
C A S E  S T U DY
Building new skills in Colorado
Working with Grid Alternatives, we sponsored a two- 
week training programme for underemployed workers 
in Pueblo, Colorado, the location of our Bighorn Solar 
project. The programme involved free training with 
industry-recognised certifications and offered one-on-
one career planning sessions. Participants were also 
invited to interview for employment at the solar project.
 
 
 
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£700,000
raised by the end of 2021 via  
child sponsorship, payroll giving  
and fundraising
L I G H T S O U R C E  F O U N DAT I O N
Lightsource bp has always been about more than just 
profit. One of the key corporate responsibilities close 
to our heart is giving back. This is why we created the 
Lightsource Foundation in 2014, with an annual 
commitment to donate £100,000 to communities in 
desperate need of support. Working with World Vision, 
we have transformed thousands of lives, building strong 
bonds with the communities we support and bringing 
hope and better futures for the children who suffer most. 
As of the end of 2021, we raised over £700,000 via child 
sponsorship, payroll giving, and fundraising with some 
amazing events.
In 2021, fundraising included a global auction, 
raising nearly £10,000 in a little under three hours, 
by employees climbing their stairs the height of Mount 
Everest and a virtual pub quiz. We added US and Spain 
to our countries which support by payroll giving and 
rolled out International Ambassadors in key jurisdictions. 
It was a big year for the foundation, as it also saw us 
say goodbye to Koh Krolor, Cambodia, our dedicated 
outreach community for the last 8 years. This was 
bittersweet; emotional saying farewell to familiar faces, 
but heart-warming to know we have made a hugely 
positive impact, with the community ready to thrive 
self-sufficiently – our long-term goal. 
In 2021 we started working to help the most vulnerable 
children in Sarlahi, Nepal. We entered Sarlahi on Day 
One of its programme, with the focus in the first couple 
of years to acclimatise to the local needs, build relations 
with the community, and tackle the most urgent of crises 
– sanitisation and child safety.
 Read more Lightsource Foundation
Local Communities continued
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Governance
Corporate Governance	
29
Business Conduct and Ethics	
30
Risk Management	
31
Sustainability Governance	
32
Stakeholder Engagement	
33
 
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Corporate Governance
Lightsource BP’s leadership and governance structure inspires an 
entrepreneurial spirit, upholds our values, and steers our policies and standards.
Lightsource bp Renewable Energy Investments Limited is 
the ultimate holding company of the Group and is owned by 
a combination of individual shareholders and BP Alternative 
Energy Investments Limited. The Group’s governance is 
prescribed in the shareholders’ agreement. The Group 
carries on its business in a manner consistent with relevant 
international industry practices for corporate governance, 
business ethics and corporate social responsibility. Further, 
the Group executes a risk management process, including 
internal assurance, to ensure continuous improvement.
The Board is responsible for the overall supervision and 
control of the affairs of the Group subject to delegation of 
any matters to committees of the Board in accordance with 
the shareholders’ agreement. The Board is cognisant of its 
duty to promote the success of the Company. It continues to 
carefully consider the interests of the Company’s employees 
and other stakeholders, including the impact of its activities 
on communities, the environment and the Company’s 
reputation, when making decisions. 
The Board further recognises that it has an overall 
responsibility for ensuring that a satisfactory dialogue with 
stakeholders takes place. 
In addition to the Executive Directors, the Board is 
comprised of an Independent Non-Executive Director and 
Non-Executive bp-nominated Directors to ensure that 
shareholder views on Lightsource bp matters are taken 
into consideration. In addition, the Board has established 
principal committees which support it in carrying out its 
duties. The terms of reference for each of the principal 
committees of the Board and the Group’s Delegated 
Operational Controls policy (DOC) articulate the internal 
approval requirements that have been delegated by the 
Board to ensure the appropriate operation of the business. 
The board routinely monitors the delegation of authority, 
ensuring that it is regularly updated, while retaining 
ultimate responsibility. 
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Our Policy Commitments
Lightsource bp is committed to upholding the highest 
standards of business ethics. Our Code of Business Conduct 
and Ethics, approved by the Board, is one of the ways we 
put our values into practice. It is a must-read and a must-
follow for all employees. It sets out the basic expectations 
we have of each other, and our commitment to Lightsource 
bp’s culture of safety and compliance. Our Code of Business 
Conduct and Ethics for Counterparties, also approved by 
the Board, sets out the expectations we have of all those 
with whom we do business. It is a public document available 
to our customers, consultants, contractors, suppliers, joint 
venture partners and other counterparties with which we 
do business. By being transparent and making our speak-up 
service available externally we make clear to stakeholders 
how they can expect to be treated when engaging with 
Lightsource bp, and how to contact us when we could 
do better. 
Speak Up Programme
Lightsource bp’s Speak Up Programme encourages those 
within Lightsource bp, its counterparties and any sub-
contractors to speak up if they see any instances not aligned 
with any of our policies or Codes. The Speak Up Programme 
is codified in our Speak Up Policy and Procedure. We use a 
service called Speeki as one of several avenues for issues to be 
raised. Speeki includes a confidential and anonymous app and 
a secure web form. Guidance on how to speak up is included 
in our Codes. Lightsource bp has a zero-tolerance policy in 
respect of retaliation for concerns raised in good faith.
To bring our Codes and our external commitments into 
effect we also have specific internal policies that form key 
pillars of our Ethics and Compliance Programme. The Board 
approved the following: Anti-Bribery, Corruption and 
Anti-Financial Crimes, Competition Law Compliance and 
Privacy Compliance.
The CEO approved additional policies and procedures 
covering conflict of interest and counterparty risk 
management. Our counterparty risk management policy 
sets out the requirement to conduct due diligence on 
counterparties before engaging with them and describes 
a risk-based approach based on the type of relationship 
we are entering into. 
Business Conduct and Ethics
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Risk Management
A sub-committee of the Board, the Audit 
Committee has been established to assist 
the Board in the fulfilment of its corporate 
governance duties in the matters of risk 
management, internal control and 
financial reporting. 
As part of the corporate risk management process, updates on existing 
risks and emerging risks are brought to this committee to highlight the 
likelihood and potential impact, as well as agree the mitigating actions to 
reduce the risk, or where possible, preventative actions to eliminate the risk. 
These updates are produced through gathering input from key stakeholders 
from across the business. Risk action plans are recommended to the Audit 
Committee and the committee reports on their implementation, including 
any external audits proposed. As it relates to sustainability, where there are 
key ESG related risks, these are raised via the risk management process and 
mitigation or prevention actions are agreed through the Audit Committee 
and the Board.
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Sustainability 
Governance
B OA R D  O F D I R EC TO R S
•	 Sets sustainability strategy for Lightsource bp
•	 Approves sustainability report
Chair – Mike Roney, Non-Executive Chairman
E X EC U T I V E  CO M M I T T E E
•	 Approves key sustainability themes and targets
•	 Assigns accountability for implementation
Chair – Nick Boyle, CEO
ENVIRONMENT STEERING COMMITTEE
Sponsor – Ann Davies COO
P EO P L E  S T E E R I N G  CO M M I T T E E
Sponsor – Heather Hayes, Global HR Director
•	 Proposes themes and targets
•	 Monitors performance and implementation
•	 Approves relevant data
S U S TA I N A B I L I T Y WO R K I N G  G R O U P S
Biodiversity  
Net Gain
GHG  
Emissions
Circularity / Waste 
Management
vibes
Supply Chain 
Traceability
 
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Stakeholder 
Engagement
We work with several industry, 
conservation and global 
organisations to accelerate progress 
on environmental and social issues.
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About  
this Report
GRI Standard Index	
35
KPI Appendix	
38
This is Lightsource bp’s first annual sustainability report. Unless 
otherwise identified, the data in this report applies to the entire 
company. The report describes the impacts of our operations on 
environment and society. To the extent possible, we utilised 
guidance from the Global Reporting Initiative (GRI) standards to 
develop the report. Not all metrics from the standards are included 
and unless otherwise noted, the information in this report is limited 
to the 2021 calendar year. The information contained in this report 
has been collected from what is currently available and reasonably 
verifiable at the time of publishing. The report and information 
contained in the report has not been independently reviewed or 
audited. Further, we have not undertaken a materiality analysis of 
our business but have been guided by the appropriate UN SDGs 
relevant to our business. Lightsource bp will update and publish 
sustainability reports on an annual basis. As part of this, we will 
review the standards and evaluate adding further measures to 
provide transparency and demonstrate year-over-year progress.
 
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Disclosure
Description
Reference Section
General Disclosures
2-1
Organisational details
Our Company
2-2
Entities included in the sustainability reporting
About this Report
2-3
Reporting Period, frequency and contact point
About this Report; contact info@lightsourcebp.com
2-5
External assurance
This report was reviewed and approved by the Board of Directors for Lightsource bp. 
2-6
Activities, value chain and other business relationships
Our Company
2-7
Employees
People; Diversity. Equity. Inclusion.
2-9
Governance structure and composition
Corporate Governance
2-11
Chair of the board
Lightsource bp has a non-executive chairman. 
2-12
Role of the board in overseeing management of impacts
Corporate Governance; Risk Management
2-13
Delegation of responsibility for managing impacts
Corporate Governance; Risk Management
2-14
Role of the board in sustainability reporting
Sustainability Governance
2-15
Conflicts of interest
Business Conduct and Ethics
2-16
Communication of critical concerns
Business Conduct and Ethics
2-22
Statement on sustainable development strategy
Letter from CEO
2-23
Policy commitments
Code of Business Conduct and Ethics; Code of Business Conduct and Ethics for 
Counterparties; Health, Safety and Environment Policy; Human Rights Policy;  
Biodiversity Policy
2-24
Embedding policy commitments
Health and Safety; Human Rights
2-25
Processes to remediate negative impacts
Speak Up Programme
2-26
Mechanisms for seeking advice and raising concerns
Speak Up Programme
GRI Standard Index
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Disclosure
Description
Reference Section
General Disclosures continued
2-27
Compliance with laws and regulations
Lightsource bp had 1 material non-compliance event in 2021
2-28
Membership associations
Stakeholder Engagement
2-29
Approach to stakeholder engagement
Stakeholder Engagement
Material Topic Disclosures
Disclosures on material topics
3-1
Process to determine material topics
About Lightsource bp: Focus Areas
3-2
List of material topics
About Lightsource bp: Focus Areas
Biodiversity
304-2
Significant impacts on biodiversity
Biodiversity
Emissions
305-1
Direct (Scope 1) GHG emissions
Greenhouse Gas Emissions
305-2
Energy indirect (Scope 2) GHG emissions
Greenhouse Gas Emissions
305-3
Other indirect (Scope 3) GHG emissions
Greenhouse Gas Emissions
305-4
GHG emissions intensity
Greenhouse Gas Emissions
Waste
306-1
Waste generation and significant waste-related impacts
Circularity
306-2
Management of significant waste-related impacts
Circularity
GRI Standard Index continued
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Description
Reference Section
Material Topic Disclosures continued
Employment
401-1
New employee hires
People
Health and Safety
403-1
Health and safety management system
Health and Safety
403-2
Hazard identification, risk assessment, and incident investigation
Health and Safety
403-5
Worker training on health and safety
Health and Safety
403-6
Promotion of worker health
Health and Safety
403-9
Work-related injuries
Health and Safety
Training and Education
404-2
Programmes for upgrading employee skills
People
Diversity and Equal Opportunity
405-1
Diversity of governance bodies and employees
KPI Appendix; Diversity. Equity. Inclusion.
Human Rights
409-1
Operations and suppliers at significant risk for incidents of forced labour
Human Rights
Local Communities
413-1
Operations with local community engagement and development programmes
Local Communities
GRI Standard Index continued
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Greenhouse Gas Emissions
Metric
Unit
2019
2020
2021
Scope 1: Direct Emissions
tCO2e
962
1,102
1,084
Scope 2: Indirect Emissions (location)
tCO2e
157
100
123
Scope 2: Indirect Emissions (market)
tCO2e
231
151
187
Total Scope 1 and 2 (location) 
Emissions
tCO2e
1,120
1,202
1,207
Total Scope 1 and 2 (market) 
Emissions
tCO2e
1,194
1,253
1,271
Scope 3: Categories 1-5 Emissions
tCO2e
598,209
911,136
1,784,135 
Scope 3: Categories 6-7 Emissions
tCO2e
3,121
976
649
Scope 3: Category 12 Emissions
tCO2e
1,918 
3,719 
6,126 
Total Scope 3 Emissions
tCO2e
603,249
915,832
1,790,911 
Scope 3 Emissions Intensity
tCO2e/MW
1,083
876
986 
Capacity of Projects Starting 
Construction
MW
557
1,046 
1,816 
KPI Appendix
This is our inaugural sustainability report. We expect to improve our reporting and data collection processes each year 
and expect to add additional measures in the future.
Environment Metrics
Biodiversity
Metric
Unit
2021
Developed Projects with BMP
%
44
LSbp Developed Projects with BMP
%
79
Co-Developed Projects with BMP
%
0
Operational Assets >5yrs with BMP
%
55
Developed Projects with Agrivoltaics
%
26
Operational Assets >5yrs with Agrivoltaics
%
18
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KPI Appendix continued
People Metrics
People
Metric
Unit
2019
2020
2021
Total Employees
#
378
439
639
Female Employees
%
32
Health and Safety
Metric
Unit
2019
2020
2021
Recordable Incident Frequency
Per 200k 
hrs worked
0.50
0.75
0.43
Fatalities
#
0
0
0
Governance Metrics
2021 Board of Directors
Name
Position
Gender
Mike Roney
Non-Executive Chairman
Male
Nick Boyle
Group CEO
Male
Kareen Boutonnat
CEO Europe and International
Female
Paul McCartie
Group Chief Investment Officer
Male
Joaquin Oliveira
Non-Executive Director
Male
Felipe Arbelaez
Non-Executive Director
Male
Mikel Jauregi
Non-Executive Director
Male
Metric
Unit
2021
Female Board Members
%
14%
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