Economic

Responsible Developer Pic

SSE is a UK-listed company with a clear focus on providing energy in the UK and Ireland. Our capital expenditure supports thousands of jobs and businesses in the UK and Ireland and delivers a substantial contribution to these economies each year. We are committed to acting in the public interest to maximise the social and economic benefits from our operations. We do this through providing reliable and sustainable energy, investing in infrastructure, contributing to inclusive economic growth and good jobs, and paying our fair share of tax.   

You can read more about SSE’s 2030 Goals here.

Paying our fair share

Since 2014, SSE has remained the only FTSE 100 company with the Fair Tax Mark – an independent accreditation for businesses that proactively demonstrate they pay the right amount of tax, in the right place at the right time. We have published our second annual Talking Tax booklet which aims to make our tax affairs more clear and transparent, and is designed to be accessible to non-tax specialists.

You can read more about our approach to tax in the reporting and policy section.

PWC Economic Impact Report

2017/18 is the seventh financial year that SSE has asked PwC to estimate the economic contribution it makes to UK and Irish GDP and jobs. SSE's investments and operations contributed £8.6bn to UK GDP in 2017/18, of which £1.8bn was contributed to the Scottish economy, and its activity supported around 99,000 UK jobs. Within the Republic of Ireland, €806m was contributed by SSE to GDP and 4,520 jobs were supported in 2017/18. 

You can read the report here 

Supporting local supply chains

SSE is committed to ensuring that real economic and social benefits flow to local communities as a result of our investment in new energy infrastructure throughout the UK and Ireland. We therefore, where feasible, aim to support local employment and a local supply chain when developing, constructing and operating assets. In recognition that our key supply partners are also critical in helping us achieve this, we encourage them to do the same through our Responsible Procurement Charter.

SSE's responsible procurement charter

To ensure that SSE’s business is conducted ethically, sustainably and within the law, we expect suppliers to meet the principles outlined in our Responsible Procurement Charter, which all new suppliers are required to sign up to. This means complying with local laws and regulations, respecting internationally recognised human and labour rights, measuring and managing their carbon footprint, and ensuring any applicable contracted or subcontracted employee working in the UK receives the real Living Wage.

Reporting

Transparency around tax

Talkingtax2018coverTalking Tax 2018

SSE’s Talking Tax 2018 booklet offers increased transparency and explanation of SSE’s tax disclosure for financial year 2017/18. The report provides a clear and accessible account of what taxes SSE pays and where, and is designed to be accessible to non-tax specialists.

In 2017-18, SSE’s total tax contribution to the UK and Ireland was £1billion, inclusive of the taxes it pays and collects on behalf of Government. The report also presents SSE's tax strategy in detail.

You can read the report in full here.

Previous reports are available to view at the links below:

SSE's economic impact reports

SSE'S ECONOMIC IMPACT REPORTS

Produced by PwC on behalf of SSE, the FY19 report estimates that SSE’s activities contributed £8.9bn to UK GDP in 2018/19, bringing its total contribution over the past eight years to £75.2bn (in FY19 prices). This activity supported 101,170 UK jobs. Within the Republic of Ireland, €689m was contributed by SSE to GDP and 4,080 jobs were supported in FY19.

FY19 - UK, Scotland and Republic of Ireland
FY18 - UK, Scotland and Republic of Ireland

FY17 - UK, Scotland and Republic of Ireland
FY16 - UK, Scotland and Republic of Ireland
FY15 - UK, Scotland and Republic of Ireland
FY14 - UK, Scotland and Northern Ireland
FY14 - Republic of Ireland
FY12&13 - UK, Scotland and Northern Ireland
FY12&13 - Republic of Ireland