- Five-year agreement to accelerate delivery of Goodwood Estate sustainability goals
- Goodwood Estate to host Foresight sustainability events, including an annual Sustainability Summit
- Estate to draw on Foresight’s renewable energy, waste management and energy efficiency expertise
London: 20 February 2020 - Foresight Group (“Foresight”), a leading independent infrastructure and private equity investment manager, is proud to become official Sustainability Partner to the Goodwood Estate in a five-year agreement through to the end of 2024.
Foresight’s ESG leadership and extensive experience and resources as an investor in renewable energy generation, recycling and waste processing projects will be of significant benefit to the 12,000 acre estate.
The Goodwood Estate includes Europe’s largest low-lying organic farm and was an early adopter of the international sustainable event standard – ISO20121 – for its flagship events. In recent years, the Festival of Speed has become a showcase for electric and hybrid technology – indeed, in 2019 the Festival’s 20 year outright hill climb record was broken by Romain Dumas driving a fully electric VW.
Foresight plans to work with the estate on clean energy generation, energy efficiency and waste management in particular. The estate will host an annual gathering of business leaders and institutional investors at a Foresight Sustainability Summit which will explore, among other issues, the geopolitics of a carbon constrained world and sustainability impacts on the “FEW” (“Food, Energy, Water”).
Commenting on the partnership, Bernard Fairman, Chairman and Founder of Foresight said: “Foresight’s guiding principle of ‘Investing for a Smarter Future’ aligns closely with Goodwood’s approach to sustainability. It has a very successful, self-sustaining organic farm, and is undertaking a major woodland planting scheme which includes a pledge to plant more than 78,000 trees by 31st January 2021.
“Last year, at the estate’s annual Festival of Speed event the hill climb record of 20 years was broken by the all electric Volkswagen ID.R, which highlights the lead taken by Goodwood in supporting and show-casing clean energy technology. We are proud to become official Sustainability Partner to the Goodwood Estate and look forward to a productive and sustainable partnership.”
The Duke of Richmond and Gordon, owner of the Goodwood Estate, added: “We have been custodians of the land for the past three hundred and fifty years and are responsible for preserving Goodwood, in order that future generations may continue to enjoy the estate. This exciting partnership with Foresight means we can benefit from their expertise in renewable energy generation and waste management. Climate change is becoming an increasingly urgent issue worldwide and I am keen for Goodwood to be part of the global conversation. We look forward to hosting Foresight’s Sustainability Summit later this year.”
Foresight is one of the UK’s leading renewables investors having invested in more than 240 renewable projects around the world, with a generating capacity of 2.2GW of clean electricity from its expanding Solar, Wind and Bioenergy portfolio. Foresight is a leader in flexible generation having been one of the first investors into utility scale Battery Storage, and now has a 46MW portfolio of storage capacity alongside 170MW of reserve power assets.
For more information contact:
Annabel Arrowsmith, Foresight Group, firstname.lastname@example.org +44 (0)20 3667 8179
NOTES FOR EDITORS
About Foresight Group (“Foresight”):
Foresight is a leading independent infrastructure and private equity investment manager which has been managing investment funds on behalf of institutions and retail clients for more than 35 years.
Foresight has £4.7 billion of Assets Under Management across a number of funds, including Listed Vehicles, Limited Partnerships, Enterprise Investment Schemes (EISs), Venture Capital Trusts (VCTs) and Inheritance Tax Solutions using Business Property Relief (BPR).
Foresight is a leading renewables infrastructure investor with over £4 billion of energy infrastructure assets under management. Foresight currently manages more than 240 renewable generation assets globally, with a total generating capacity of 2.2GW.
In Solar, Foresight has invested in c.150 solar plants and has more than 1.3GW of solar generation assets under management around the world. In Wind, Foresight has more than 600MW of wind generation assets across the UK, France, Germany and Sweden.
Foresight manages more than 40 bioenergy and waste projects processing 1.9 million tonnes per annum, having mobilised over £1 billion of capital investment.
In addition, Foresight manages 170MW of Reserve Power assets and three utility scale Battery Storage projects providing 46MW of Enhanced Frequency Response (“EFR”) services to National Grid.
Foresight has an office in London with regional offices in Manchester, Nottingham, Edinburgh, Cambridge, Milton Keynes, Leicester and Guernsey and international offices in Sydney, Rome, Madrid and Seoul.
About the Goodwood Estate:
Goodwood is a unique sporting Estate set in 12,000 acres of beautiful West Sussex countryside. Owned by the Dukes of Richmond since 1697, it is has become famous for its thrilling motorsport events and spectacular horse-racing. The flagship events include the Festival of Speed, Qatar Goodwood Festival and the Goodwood Revial.
Whilst these two sports are a fundamental part of the Estate’s DNA, there is more to Goodwood than horses and cars: it includes an organic farm, four restaurants, two 18-hole golf courses, a private members club, an aerodrome, a health club, a four-star hotel and a 10-bedroom luxury retreat.
Throughout its 300-year history, Goodwood has been a place where forward-thinking is celebrated and world-class entertainment comes naturally. It is a place that anyone can enjoy 365 days of the year: https://www.goodwood.com/
For further information please contact Rebecca Mowling, Entertaining and Hospitality PR Manager:
Email: Rebecca.Mowling@Goodwood.com Phone: 01243 755 000