SSE has published an updated Sustainability Financing Framework that it says represents the next step of maturity in its approach to sustainable financing and will help deliver its net zero-focused growth strategy.
SSE is already one of the largest issuers of green bonds in the UK having raised £2.5bn since 2017.
The new Framework merges SSE’s green bond and sustainability-linked bond frameworks and it aims to facilitate transparency through high quality disclosure in SSE’s green and sustainability-linked financing for interested stakeholders.
Gregor Alexander, SSE’s finance director, said: “Investments in clean and low-carbon infrastructure are a win-win for the economy and the climate.
“By financing these investments through green bonds and sustainability-linked instruments, we are helping to attract more capital into initiatives that will accelerate progress towards net zero while holding ourselves to account on wider sustainability efforts.
“This new, enhanced Framework underlines our commitment to green finance, while we also remain focused on the important qualities of optionality, agility and discipline for future financing.
“This Framework will help us secure the funding required for our Net Zero Acceleration Programme Plus investments, and will enable us to continue to deliver cleaner, more secure and more affordable energy.”