As a major investor in the UK and Ireland’s renewable energy infrastructure, SSE believes that green- and sustainability-linked financing supports its long-term commitment to the principles of sustainability and the transition to net zero.

SSE’s Sustainability Financing Framework replaces SSE’s previous Green Bond Framework and Sustainability-Linked Bond Framework, with the objective of creating a more holistic approach that will ensure investors contribute to SSE’s achievement of its strategic business ambitions.

Sustainability Financing Framework

Previous frameworks and second party opinions  

Green bonds

SSE issued its fifth green bond of €650m in July 2022. This, in addition to SSE’s inaugural €600m Green Bond issued in September 2017 followed by Green Bonds of €650m in September 2018, £350m in September 2019 and £500m in March 2021, means SSE continues to be one of the largest issuers of Green Bonds in the UK corporate sector.

The proceeds from all five of SSE’s Green Bonds were directly allocated to the refinancing of eligible green projects listed in the Green Bond Frameworks, and therefore fully employed at settlement

A commitment was given to update investors each year on the allocation of proceeds and environmental impact from the Bond. SSE’s Green Bond reports are detailed below, along with PwC LLP’s independent assurance of allocation to specific eligible green projects.

Green bond reporting and assurance