Climate stewardship - Moto
One of our portfolio companies is Moto, a leading motorway services provider. Watch our video to find out more about Moto’s new site in Rugby, which has a number of sustainable features including ultrarapid electric vehicle chargers. USS and Moto – working together for members.
In 2021 we took a 50% stake in Bruc Energy, a Spain and Portugal renewables focussed investment vehicle. We have invested €225M (c.£200m) in return for the stake in a major pipeline of 4000 MW of solar photovoltaic (PV) farms. Bruc Energy has an ambitious growth plan that goes beyond this to invest in other green energies, such as wind power. Spain’s long days of sunshine and its national target to reach 100% renewable-based generation by 2050 make it an attractive place to invest in solar energy.
Net Zero flight to Glasgow
A collaboration between Heathrow, BA, Airbus, BP, Glasgow Airport and NATS led to a Net Zero flight powered by sustainable aviation fuel (SAF), from Heathrow to Glasgow Airport in September 2021 (we have significant direct holdings in both Heathrow and NATs). The flight was powered by sustainable aviation fuel blended at 35% with traditional jet fuel, and the remaining emissions were offset. The aim of the flight was to demonstrate how far the aviation industry has progressed in its efforts to decarbonise.