Corio Generation

Does the core business genuinely avoid or reduce emissions, or build climate resilience? Share of revenue that is actually 'green'. Fossil-dependent models score low.

Corio's entire business was offshore wind development — a zero-operational-emissions generation technology — with a 30+ GW pipeline spanning fixed-bottom and floating wind across Europe, Asia-Pacific and the Americas, constituting genuinely high-impact climate mitigation at scale, though no MW were operational under the Corio brand before wind-down.

Credible, science-based targets (SBTi), a real net-zero plan with progress to date, and CDP disclosure — not just a dated press release.

No evidence of SBTi-validated targets, CDP disclosure, or a published standalone net-zero plan with quantified milestones for Corio Generation itself; ESG governance was deferred to parent Macquarie Asset Management's sustainability framework, and the company's own reporting referenced only high-level commitments without independently verified science-based targets.

Operational footprint, labour and social practices, and governance quality across the company's own operations and supply chain.

Corio published a Code of Business Ethics (GALE), an independent whistleblowing hotline available in 14 languages, a Modern Slavery Declaration, and a formal Health, Safety and Sustainability policy, representing a reasonable governance baseline for a development-stage company, but no third-party verified labour, biodiversity or community impact metrics were publicly available at the project level.

Quality of disclosure, independent third-party verification, and how much hard data backs the company's claims.

Corio did not publish a standalone sustainability report with audited emissions data, CDP submission, or TCFD-aligned disclosures; climate and ESG reporting was absorbed into Macquarie/GIG group-level documents, making company-specific verification impossible for external analysts.

Controversies, litigation, pollution, fossil-fuel lobbying, conflict-zone involvement and governance scandals. Higher means cleaner.

No material pollution incidents, fossil-fuel lobbying or governance scandals were found; the principal integrity concern is the abrupt wind-down of the company after a failed sale process, with some projects cancelled outright (e.g. Korea BadaEnergy, Taiwan Formosa 3) and redundancies made — suggesting commitments to local communities and partners were not always fulfilled, though this reflects sector-wide economics rather than misconduct.