SSE issued its third green bond of £350m in September 2019. This, in addition to SSE’s inaugural €600m Green Bond issued in September 2017 and its second €650m Green Bond issued in September 2018, means SSE continues to be the largest issuer of Green Bonds in the UK corporate sector.
The proceeds from all three 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.