SSE, one of the largest electricity network companies in the UK, has announced a detailed transition plan to achieve it’s Net Zero objectives. As it tackles climate change through the decarbonisation of its assets and businesses, SSE is committed to working closely with all of its stakeholders, including its shareholders. With that in mind, shareholders will vote at the SSE Annual General Meeting and have a say on the progress SSE is making. To help shareholders have a better understanding of the progress being made, SSE published a new Net Zero Transition Plan.
SSE outlined the key actions they will take to drive progress towards net zero. These actions are supported by SSE’s Net Zero Acceleration Programme which establishes a five-year, £12.5bn investment plan to deliver the low-carbon energy infrastructure required for net zero in the UK, Ireland and beyond. The Transition Plan sets out the net zero targets SSE has for scope 1 and scope 2 emissions by 2040 (subject to security of supply requirements) and for the remaining scope 3 emissions, by 2050, alongside SSE’s interim science-based targets aligned to a 1.5 C pathway.