REG - SSE Plc - 2025 Sustainability Financing Framework

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RNS Number : 0575L  SSE PLC  10 December 2025

SSE PLC

SSE PLC ISSUES NEW SUSTAINABILITY FINANCING FRAMEWORK

As a major investor in the UK and Ireland's energy infrastructure, SSE
believes that green and Sustainability-Linked financing supports its strategic
commitment to the principles of sustainability and the transition to a
low-carbon economy.

Since 2017 SSE has issued 10 Green Bonds with over £5.0bn outstanding, making
it one of the largest issuers of Green Bonds in the UK corporate sector. We
also have £3.0bn of Sustainability-Linked committed Revolving Credit
Facilities.

Today we have published an updated Sustainability Financing Framework (the
'Framework'), replacing our 2023 Sustainability Financing Framework.

To align with SSE's recently announced £33bn five-year investment plan, the
Framework now focuses on two categories, Renewable Energy and Electricity
Networks, for use-of-proceeds green financing. Both categories are fully
aligned with the criteria set out in the EU Taxonomy, including the Technical
Screening Criteria (TSC), the 'Do No Significant Harm' (DNSH) principle, and
minimum social safeguards.

For Sustainability-Linked financing, the Framework integrates three
sustainability-linked Key Performance Indicators (KPIs): Scope 1 greenhouse
gas emissions intensity; renewable generation capacity connected to the
transmission grid; and the representation of women in leadership roles. SSE
has selected these KPIs as being core, relevant and material to its business
and as measures of progress against its sustainability commitments.

S&P Global's Shades of Green has awarded Dark Green ratings to each of the
two green use-of-proceeds categories (Renewable Energy and Electricity
Networks), reflecting their strong technical basis and ambitious climate
objectives.

Furthermore, S&P confirmed that the framework is fully aligned with the
2025 Green Bond Principles (GBP), Green Loan Principles (GLP),
Sustainability-Linked Bond Principles (SLBP), and Sustainability-Linked Loan
Principles (SLLP). Also, for Sustainability-Linked financing the three KPIs
have been assessed by S&P Global as "highly ambitious", underscoring SSE's
commitment to embedding measurable environmental and social targets into its
financial strategy.

Barry O'Regan, SSE's Chief Financial Officer, said:

"Investments in low-carbon infrastructure are a win-win for the economy and
climate. By financing these investments through Green Bonds and
Sustainability-Linked instruments, we are helping to attract more capital into
initiatives that will drive progress towards electrification while holding
ourselves to account on wider sustainability efforts."

"While retaining our commitment to optionality, agility and capital
discipline, this updated Framework will help us deliver a transformational
£33bn investment plan focused on cleaner, more secure and more affordable
energy."

 

 

Notes

The new Framework along with S&P's second party opinion can be found at
https://www.sse.com/SustainabilityFinancingFramework
(https://www.sse.com/SustainabilityFinancingFramework) . This site also
contains SSE's most recent Green Bond report along with an Assurance Report
from Ernst & Young LLP.

 

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