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SSE 

SSE plc is a publicly listed energy company headquartered in the UK with operations and assets in the UK and Ireland. In 2019, it had a revenue of US$9.02 billion and installed capacity of 10.53 GW (including purchased capacity). SSE's climate strategy is generally strong but is undermined by inadequate emissions targets and locked-in emissions from gas-fired power plants.

Ranking position
#6/50
Performance score
9.9 /20
Narrative Score
B
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-50)

Targets

2.2 / 4.0 #14

Material Investment

2.3 / 7.0 #24

Intangible Investment

0.1 / 2.0 #15

Management

2.7 / 4.0 #10

Policy Engagement

0.6 / 1.0 #14

Business Model

2.0 / 2.0 #1
Total 9.9 / 20 #6

Leading practices

Risks and opportunities

Trend

SSE is awarded a score of =. If the company were reassessed in the near future, its score would likely stay the same. The rapid reduction in emissions between 2013 and 2018 shows SSE can decarbonise at the rate required by its decarbonisation pathway. Its current emissions intensity target is not ambitious enough for its decarbonisation pathway, though this target is likely to be enhanced as SSE has committed to setting a science-based target. Additionally, SSE’s locked-in emissions from current and planned assets mean it is projected to strongly exceed its well-below 2-degree carbon budget. The company’s website also states that it will ‘not develop any further gas-fired power stations unless they have a clear route to decarbonisation’. However, there is no clear plan to add carbon capture and storage technology to existing and in-development gas generation assets, such as Keadby 2.

Progress towards the Paris Agreement

More about the company

Headquarters
Perth, United Kingdom
Ownership structure
Publicly listed
Group revenue
US$9.02 billion (2019)
Installed capacity
10.53 GW (2019) (including purchased capacity)
Website
https://sse.com/