SSE issued its fourth green bond of £500m in March 2021. This, in addition to SSE’s inaugural €600m Green Bond issued in September 2017 followed by a €650m Green Bond in September 2018 and £350m Green Bond in September 2019, means SSE continues to be the largest issuer of Green Bonds in the UK corporate sector.
The proceeds from all four 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.