In SSE Thermal, 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 economic benefits from our operations. We do this through providing reliable energy, investing in infrastructure, contributing to inclusive economic growth and good jobs, and paying our fair share of tax.
Measuring our economic impact
SSE Group's latest Economic Contribution report, produced by PWC, estimates the company's activities contributed £8.9bn to UK GDP in 2018/19, bringing the total contribution over the past eight years to £75.2bn. Within the Republic of Ireland, €689m was contributed by SSE to GDP.
Supporting local supply chains
We are committed to ensuring that real economic and social benefits flow to local communities as a result of our investment in new energy infrastructure. 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.
Paying our fair share
In 2014, SSE became the first FTSE 100 company to hold 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. Our Talking Tax booklet aims to make our tax affairs clearer and more transparent, and is designed to be accessible to non-tax specialists.