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SSE plc Sustainability Report 2023 95.
ESG Risk Rating* 71/100 67/100.
AAA 22.5.
A 4/9.
B
Included.
Included.
Included 66/100 67/100.
AAA 30.1.
A 1/9.
B
Included.
Included.
Included.
Improved SSE has an 86th percentile ranking (Oct 2022)
Stable SSE scored as ‘Advanced’ (Oct 2022)
Stable SSE is in the top 11% of 139 global utilities (Oct 2022.
Improved SSE is ranked 12th percentile in Electric Utilities (Nov 2022)
Improved SSE is on CDP’s climate change A-list (Dec 2022)
Improved SSE fully met 4 of 9 criteria in the CA100+ Net Zero Company Benchmark (Mar 2022)
Stable SSE scored as ‘Management’ (Dec 2022)
Stable SSE has been included in the index series since 2001 (Aug 2022)
Stable SSE is in the top decile for disclosure (Jan 2023)
Stable SSE has been included since the index since 2018 (Jan 2023)
Stable/improved/decreased 2021/22 2022/23.
Water *Copyright ©2021 Sustainalytics. All rights reserved. This ESG ratings and indices performance table contains information developed by Sustainalytics (sustainalytics.com). Such information and data are proprietary of Sustainalytics and/or its third party suppliers (Third Party Data) and are provided for informational purposes only. They do not constitute an endorsement of any product or project, nor an investment advice and are not warranted to be complete, timely, accurate or suitable for a particular purpose. Their use is subject to conditions available at sustainalytics.com/legal-disclaimers.
ESG ratings and indices performance.
To increase transparency of its performance in key ESG ratings and investor-led initiatives, the table below outlines SSE’s last two years’ ratings and inclusion in indices.
Corporate Sustainability Assessment.
SSE plc Sustainability Report 2023 95.
A LIST 2022.
CLIMATE.
ESG Rating


Performance and disclosures 96 SSE plc Sustainability Report 2023.
SASB Standards Disclosure.
Table 1. Sustainability Disclosure Topics & Accounting Metric.
Code IF-EU-110a.1.
IF-EU-110a.2.
IF-EU-110a.3.
IF-EU-110a.4.
IF-EU-120a.1.
IF-EU-140a.1.
IF-EU-140a.2.
IF-EU-140a.3.
IF-EU-150a.1 IF-EU-150a.2 IF-EU-240a.1 IF-EU-240a.2 IF-EU-240a.3 IF-EU-240a.4.
IF-EU-320a.1.
IF-EU-420a.1 IF-EU-420a.2.
IF-EU-420a.3 IF-EU-540a.1 IF-EU-540a.2 IF-EU-550a.1.
IF-EU-550a.2.
IF-EU-000.A IF-EU-000.B IF-EU-000.C.
IF-EU-000.D.
IF-EU-000.E.
Accounting metric (1) Gross global Scope 1 emissions, percentage covered under (2) emissions-limiting regulations, and (3) emissions-reporting regulations.
Greenhouse gas (GHG) emissions associated with power deliveries.
Discussion of long-term and short-term strategy or plan to manage Scope 1 emissions, emissions reduction targets, and an analysis of performance against those targets (1) Number of customers served in markets subject to renewable portfolio standards (RPS) and (2) percentage fulfillment of RPS target by market.
Air emissions of the following pollutants: (1) NOx (excluding N2O), (2) SOx, (3) particulate matter (PM10), (4) lead (Pb), and (5) mercury (Hg); percentage of each in or near areas of dense population (1) Total water withdrawn, (2) total water consumed, percentage of each in regions with High or Extremely High Baseline Water Stress.
Number of incidents of non-compliance associated with water quantity and/or quality permits, standards, and regulations.
Description of water management risks and discussion of strategies and practices to mitigate those risks.
Amount of coal combustion residuals (CCR) generated, percentage recycled Total number of coal combustion residual (CCR) impoundments, broken down by hazard potential classification and structural integrity assessment Average retail electric rate for (1) residential, (2) commercial, and (3) industrial customers Typical monthly electric bill for residential customers for (1) 500 kWh and (2) 1,000 kWh of electricity delivered per month Number of residential customer electric disconnections for non-payment, percentage reconnected within 30 days Discussion of impact of external factors on customer affordability of electricity, including the economic conditions of the service territory (1) Total recordable incident rate (TRIR), (2) fatality rate, and (3) near miss frequency rate (NMFR)
Percentage of electric utility revenues from rate structures that (1) are decoupled and (2) contain a lost revenue adjustment mechanism (LRAM) Percentage of electric load served by smart grid technology.
Customer electricity savings from efficiency measures, by market Total number of nuclear power units, broken down by U.S. Nuclear Regulatory Commission (NRC) Action Matrix Column Description of efforts to manage nuclear safety and emergency preparedness Number of incidents of non-compliance with physical and/or cybersecurity standards or regulations (1) System Average Interruption Duration Index (SAIDI), (2) System Average Interruption Frequency Index (SAIFI), and (3) Customer Average Interruption Duration Index (CAIDI), inclusive of major event days.
Number of: (1) residential, (2) commercial, and (3) industrial customers served Total electricity delivered to: (1) residential, (2) commercial, (3) industrial, (4) all other retail customers, and (5) wholesale customers Length of transmission and distribution lines.
Total electricity generated, percentage by major energy source, percentage in regulated markets.
Total wholesale electricity purchased.
Table 2. Activity Metrics.
SSE plc Sustainability Report 2023 97.
SSE disclosure 2022/23 SSE’s generation activities in the UK are subject to the UK ETS and the carbon price support and in Ireland they are subject to the EU ETS (see page 26 of this report and page 51 of the Annual Report 2023. SSE is required to report its GHG emissions and energy consumption in the UK through the Companies (Directors’ Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018 and the Streamlined Energy and Carbon Reporting (SECR) requirements. Information disclosed in the accompanyng data and perfromance tables (available at sse.com/sustainability/reporting), alongside pages 49 to 51 of SSE’s Annual Report 2023 represent SSE’s disclosure against these requirements. As of January 2020, SSE Energy Services, the retail division of the SSE Group, was sold to OVO Energy. This ended the direct supply of electricity from SSE to household customers in Great Britain. Scottish and Southern Electricity Networks (SSEN) maintain responsibility for the distribution of electricity across central southern England and the north of Scotland, as well as the electricity transmission network in the north of Scotland. Details of the emissions associated with the losses within it’snetworks are dislcosed in the accompanyng data and perfromance tables (available at sse.com/sustainability/reporting) . Two of SSE’s science-based carbon targets cover SSE’s scope 1 GHG emissions. Discussion on trends and progress against these targets can be found on pages 20 and 21 of the Sustainability Report 2023 and page 51 of the Annual Report 2023. SSE’s customer facing businesses only serve customers in the GB market and the island of Ireland Single Electricty Market. Both these energy markets have mature carbon reduction and renewable support frameworks. In Ireland, there are government targets on particular forms of renewable energy (for example, 7GW of offshore wind by 2030) and, in the UK, renewable targets support statutory carbon budgets. Neither market has standards that mean electricity generators must secure a proportion of their portfolio of energy generation from renewable sources. SSE discloses NOx, SOx, PM10 and Mercury air emissions on page pages 80 and 87 of this report and page 54 of the Annual Report 2023 and in the accompanyng data and perfromance tables (available at sse.com/sustainability/reporting). Data from other air emissions is reported to the environmental regulator and, while this information can be accessed through a request to the regulator, SSE is working to disclose it more readily to its stakeholders in future. SSE depends on water in various ways across its operations, from use in electricity generation to an amenity in its buildings. SSE provides information on its water management approach and its operations in relation to water stressed areas on page 87 of this report and page 53 of the Annual Report 2023, alongside a detailed breakdown of water use data in the accompanyng data and perfromance tables (available at www.sse.com/sustainability/reporting). In 2022/23, SSE had eight minor permit breaches in relation to water quantity and/or quality permits. Immediate action to rectify the non-compliance was undertaken and the environmental regulator notified in each case. Investigations were completed following these events and actions taken to prevent reoccurrence. Detailed description of the strategies and pratcices SSE has in place to mitigate water management risks is provided in SSE’s CDP Water Programme response, which is publicly available on its website at sse.com/sustainability N/A - SSE closed its last remaining coal-fired power plant in March 2020. N/A - SSE closed its last remaining coal-fired power plant in March 2020 Information will be made available in 2023/24. Information will be made available in 2023/24. Information will be made available in 2023/24. SSE recognises the challenging circumstances faced by energy consumers, exascerbated by the cost-of-living crisis. In response, SSE Airtricity supported its customers through a combination of keeping tariffs as low as possible, a price freeze targeted at financially vulnerable consumers and customer support funds. More details can be found on pages 64 of the Annual Report 2023, and page 32 of the Sustainability Report 2023. See the accompanyng data and perfromance tables (available at sse.com/sustainability/reporting) for SSE’s safety performance, as well as page 75 of the Sustainability Report 2023 and pages 63 and 163 to 164 of SSE’s Annual Report 2023. Not applicable in the UK and Irish electricity systems. With the smart meter roll out continuing in Great Britain, there are now 1,845,807 smart meters connected to SSEN Distribution’s network that can ‘communicate’ to SSEN’s system. This means that 50% of all SSEN’s supply points have communicable and smart capability*. See pages 34 to 38 for details of SSE’s fuel poverty and energy efficiency support. N/A - SSE does not operate nuclear generation. N/A - SSE does not operate nuclear generation. SSE has robust processes and practices in place to manage cybersecurity and its datacentres are certified to ISO27001 for information security. SSE also has a suite of mandatory ethics and compliance training modules which all employees are required to complete, which includes Cyber Security eLearning module. SSE discloses the number of material or regulatory reportable incidents caused by cyber security breaches of SSE systems in the accompanyng data and perfromance tables (available at sse.com/sustainability/reporting). A comparable indicator for GB is the Customer Interruptions and Customer Minutes Lost on SSE’s electricity distribution network. See the accompanyng data and perfromance tables (available at sse.com/sustainability/reporting) for data.
See the accompanyng data and perfromance tables (available at sse.com/sustainability/reporting) for SSE’s domestic and business customer supply accounts. See pages 106 and 107 of SSE’s Annual Report 2023 for volume of electricity sold to customers by business and domestic supply businesses. SSEN owns, operates and maintains around 130,000km of electricity distribution overhead lines and underground cables, and around 5,000km of electricity transmission overhead lines and underground cables. See the accompanyng data and perfromance tables (available at www.sse.com/sustainability/reporting) and pages 101 and 104 of SSE’s Annual Report 2023 for SSE’s generation by source. SSE has generation activities in the UK and Ireland which are both regulated markets. See pages 106 and 107 of SSE’s Annual Report 2023 where the total volume of electricity sold by SSE Business Energy and SSE Airtricity is described. Because both these businesses act independently from SSE’s generation businesses in the market, the volume of electricity sold to customers represents the net amount of electricity purchased by SSE throughout 2022/23. *Calculated using the number of smart meters connected to SSEN’s distribution network which are communicable by SSEN as a proportion of SSEN Distribution’s reported customer numbers.


For further information about SSE, please contact:
SSE plc Sustainability Inveralmond House 200 Dunkeld Road Perth PH1 3AQ UK +44 (0)1738 456000 info@sse.com Registered in Scotland No. 117119 sse.com Follow the latest news from SSE on Twitter at: twitter.com/sse @SSE
In accordance with GRI Standards.
Sustainability Report 2022


Table of contents Page.
Introduction 3 Banking on sustainability 3 The importance of sustainability to UBS 4 A firm driven by purpose 6 About this report 7.
Strategy 8 Our sustainability and impact strategy 8 Our aspirational goals and progress 9 Our approach to sustainable finance 11.
Governance 20 Our sustainability governance 20.
Environment 23 Taking action on a net-zero future 23 Managing sustainability and climate risks 39 Reducing our environmental footprint 57 Monitoring the environmental impact of our supply chain 60 Engaging in sustainable technology 61.
Social 62 Why people matter 62 People and culture make the difference 63 Driving social impact 70 Respecting human rights 73 Managing our supply chain responsibly 74 Inclusive growth 76.
Appendix 78 Appendix 1 – Strategy 78 Supporting our climate strategy – our climate-related materiality assessment 78 Supporting our strategy – our stakeholder engagement 85 Appendix 2 – Governance 88 Our sustainability governance – additional information 88 Controlling risks and metrics 92 Our sustainability and climate risk policy framework 93 Combating financial crime 100 Protecting data 102 Key policies and principles 104 Appendix 3 – Environment 106 Our transition plan 106 Climate-related methodologies – net zero approach for our financing activities 109 Climate-related methodologies – defining net-zero-aligned investment portfolios 115 Climate-related methodologies – our own operations 116 Climate-related methodologies – identifying GHG key vendors in our supply chain 117 Climate and nature-related methodologies and scenarios 118 Reducing our environmental footprint – additional information 122 Our approach to nature 129 Information pertaining to environmental risk management regulations in APAC 135 Appendix 4 – Social 138 Workforce by the numbers 138 Charitable contributions 144 Appendix 5 – Other 145 UBS Sustainability objectives and achievements 2022 and objectives 2023 145 EU Non-financial disclosures 155 Independent assurance report 161 Basis of Reporting 166 Key terms and definitions 180 Abbreviations frequently used in our sustainability report 182


Sustainability Report 2022 \| Introduction 3.
Introduction.
Banking on sustainability.
Our achievements in 2022.
Our commitment.
Our priorities.
We want to be the fi nancial provider of choice for clients who wish to mobilize capital toward the achievement of the 17 Sustainable Development Goals and the orderly transition to a low-carbon economy.
Planet Making climate a clear priority as we shift toward a low-carbon future.
People Addressing societal challenges through client and corporate philanthropy, as well as employee engagement.
Partnerships Working with other thought leaders to achieve impact on a truly global scale.
Serving clients’ sustainable fi nance needs – USD 268 billion of sustainability focus and impact investments (6.5% increase) – USD 10.1 billion from Global Wealth Management clients’ SDG-related impact commitments and invested assets – 1,116 ESG shareholder resolutions voted upon – 48% sustainable investments share of assets under custody reached in Personal Banking – 77 green, social, sustainability or sustainability linked bond deals facilitated.
Leading in key sustainability ratings – Dow Jones Sustainability Index member (S&P Global) – Climate A List (CDP) – AA rating (MSCI ESG) – Low risk rating (Sustainalytics)
Addressing societal challenges – USD 274 million in donations raised by the UBS Optimus Foundation network – Over 370,000 benefi ciaries reached through strategic community impact activities – 5.9 million benefi ciaries reached through the UBS Optimus Foundation network – More than USD 50 million raised for the Ukraine Relief Fund.

SSE plc Sustainability Report 2023 95.

ESG Risk Rating* 71/100 67/100.

AAA 22.5.

A 4/9.

B

Included.

Included 66/100 67/100.

AAA 30.1.

A 1/9.

B

Included.

Improved SSE has an 86th percentile ranking (Oct 2022)

Stable SSE scored as ‘Advanced’ (Oct 2022)

Stable SSE is in the top 11% of 139 global utilities (Oct 2022.

Improved SSE is ranked 12th percentile in Electric Utilities (Nov 2022)

Improved SSE is on CDP’s climate change A-list (Dec 2022)

Improved SSE fully met 4 of 9 criteria in the CA100+ Net Zero Company Benchmark (Mar 2022)

Stable SSE scored as ‘Management’ (Dec 2022)

Stable SSE has been included in the index series since 2001 (Aug 2022)

Stable SSE is in the top decile for disclosure (Jan 2023)

Stable SSE has been included since the index since 2018 (Jan 2023)

Stable/improved/decreased 2021/22 2022/23.

Water *Copyright ©2021 Sustainalytics. All rights reserved. This ESG ratings and indices performance table contains information developed by Sustainalytics (sustainalytics.com). Such information and data are proprietary of Sustainalytics and/or its third party suppliers (Third Party Data) and are provided for informational purposes only. They do not constitute an endorsement of any product or project, nor an investment advice and are not warranted to be complete, timely, accurate or suitable for a particular purpose. Their use is subject to conditions available at sustainalytics.com/legal-disclaimers.

ESG ratings and indices performance.

To increase transparency of its performance in key ESG ratings and investor-led initiatives, the table below outlines SSE’s last two years’ ratings and inclusion in indices.

Corporate Sustainability Assessment.

SSE plc Sustainability Report 2023 95.

A LIST 2022.

CLIMATE.

ESG Rating

Performance and disclosures 96 SSE plc Sustainability Report 2023.

SASB Standards Disclosure.

Table 1. Sustainability Disclosure Topics & Accounting Metric.

Code IF-EU-110a.1.

IF-EU-110a.2.

IF-EU-110a.3.

IF-EU-110a.4.

IF-EU-120a.1.

IF-EU-140a.1.

IF-EU-140a.2.

IF-EU-140a.3.

IF-EU-150a.1 IF-EU-150a.2 IF-EU-240a.1 IF-EU-240a.2 IF-EU-240a.3 IF-EU-240a.4.

IF-EU-320a.1.

IF-EU-420a.1 IF-EU-420a.2.

IF-EU-420a.3 IF-EU-540a.1 IF-EU-540a.2 IF-EU-550a.1.

IF-EU-550a.2.

IF-EU-000.A IF-EU-000.B IF-EU-000.C.

IF-EU-000.D.

IF-EU-000.E.

Accounting metric (1) Gross global Scope 1 emissions, percentage covered under (2) emissions-limiting regulations, and (3) emissions-reporting regulations.

Greenhouse gas (GHG) emissions associated with power deliveries.

Discussion of long-term and short-term strategy or plan to manage Scope 1 emissions, emissions reduction targets, and an analysis of performance against those targets (1) Number of customers served in markets subject to renewable portfolio standards (RPS) and (2) percentage fulfillment of RPS target by market.

Air emissions of the following pollutants: (1) NOx (excluding N2O), (2) SOx, (3) particulate matter (PM10), (4) lead (Pb), and (5) mercury (Hg); percentage of each in or near areas of dense population (1) Total water withdrawn, (2) total water consumed, percentage of each in regions with High or Extremely High Baseline Water Stress.

Number of incidents of non-compliance associated with water quantity and/or quality permits, standards, and regulations.

Description of water management risks and discussion of strategies and practices to mitigate those risks.

Amount of coal combustion residuals (CCR) generated, percentage recycled Total number of coal combustion residual (CCR) impoundments, broken down by hazard potential classification and structural integrity assessment Average retail electric rate for (1) residential, (2) commercial, and (3) industrial customers Typical monthly electric bill for residential customers for (1) 500 kWh and (2) 1,000 kWh of electricity delivered per month Number of residential customer electric disconnections for non-payment, percentage reconnected within 30 days Discussion of impact of external factors on customer affordability of electricity, including the economic conditions of the service territory (1) Total recordable incident rate (TRIR), (2) fatality rate, and (3) near miss frequency rate (NMFR)

Percentage of electric utility revenues from rate structures that (1) are decoupled and (2) contain a lost revenue adjustment mechanism (LRAM) Percentage of electric load served by smart grid technology.

Customer electricity savings from efficiency measures, by market Total number of nuclear power units, broken down by U.S. Nuclear Regulatory Commission (NRC) Action Matrix Column Description of efforts to manage nuclear safety and emergency preparedness Number of incidents of non-compliance with physical and/or cybersecurity standards or regulations (1) System Average Interruption Duration Index (SAIDI), (2) System Average Interruption Frequency Index (SAIFI), and (3) Customer Average Interruption Duration Index (CAIDI), inclusive of major event days.

Number of: (1) residential, (2) commercial, and (3) industrial customers served Total electricity delivered to: (1) residential, (2) commercial, (3) industrial, (4) all other retail customers, and (5) wholesale customers Length of transmission and distribution lines.

Total electricity generated, percentage by major energy source, percentage in regulated markets.

Total wholesale electricity purchased.

Table 2. Activity Metrics.

SSE plc Sustainability Report 2023 97.

SSE disclosure 2022/23 SSE’s generation activities in the UK are subject to the UK ETS and the carbon price support and in Ireland they are subject to the EU ETS (see page 26 of this report and page 51 of the Annual Report 2023. SSE is required to report its GHG emissions and energy consumption in the UK through the Companies (Directors’ Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018 and the Streamlined Energy and Carbon Reporting (SECR) requirements. Information disclosed in the accompanyng data and perfromance tables (available at sse.com/sustainability/reporting), alongside pages 49 to 51 of SSE’s Annual Report 2023 represent SSE’s disclosure against these requirements. As of January 2020, SSE Energy Services, the retail division of the SSE Group, was sold to OVO Energy. This ended the direct supply of electricity from SSE to household customers in Great Britain. Scottish and Southern Electricity Networks (SSEN) maintain responsibility for the distribution of electricity across central southern England and the north of Scotland, as well as the electricity transmission network in the north of Scotland. Details of the emissions associated with the losses within it’snetworks are dislcosed in the accompanyng data and perfromance tables (available at sse.com/sustainability/reporting) . Two of SSE’s science-based carbon targets cover SSE’s scope 1 GHG emissions. Discussion on trends and progress against these targets can be found on pages 20 and 21 of the Sustainability Report 2023 and page 51 of the Annual Report 2023. SSE’s customer facing businesses only serve customers in the GB market and the island of Ireland Single Electricty Market. Both these energy markets have mature carbon reduction and renewable support frameworks. In Ireland, there are government targets on particular forms of renewable energy (for example, 7GW of offshore wind by 2030) and, in the UK, renewable targets support statutory carbon budgets. Neither market has standards that mean electricity generators must secure a proportion of their portfolio of energy generation from renewable sources. SSE discloses NOx, SOx, PM10 and Mercury air emissions on page pages 80 and 87 of this report and page 54 of the Annual Report 2023 and in the accompanyng data and perfromance tables (available at sse.com/sustainability/reporting). Data from other air emissions is reported to the environmental regulator and, while this information can be accessed through a request to the regulator, SSE is working to disclose it more readily to its stakeholders in future. SSE depends on water in various ways across its operations, from use in electricity generation to an amenity in its buildings. SSE provides information on its water management approach and its operations in relation to water stressed areas on page 87 of this report and page 53 of the Annual Report 2023, alongside a detailed breakdown of water use data in the accompanyng data and perfromance tables (available at www.sse.com/sustainability/reporting). In 2022/23, SSE had eight minor permit breaches in relation to water quantity and/or quality permits. Immediate action to rectify the non-compliance was undertaken and the environmental regulator notified in each case. Investigations were completed following these events and actions taken to prevent reoccurrence. Detailed description of the strategies and pratcices SSE has in place to mitigate water management risks is provided in SSE’s CDP Water Programme response, which is publicly available on its website at sse.com/sustainability N/A - SSE closed its last remaining coal-fired power plant in March 2020. N/A - SSE closed its last remaining coal-fired power plant in March 2020 Information will be made available in 2023/24. Information will be made available in 2023/24. Information will be made available in 2023/24. SSE recognises the challenging circumstances faced by energy consumers, exascerbated by the cost-of-living crisis. In response, SSE Airtricity supported its customers through a combination of keeping tariffs as low as possible, a price freeze targeted at financially vulnerable consumers and customer support funds. More details can be found on pages 64 of the Annual Report 2023, and page 32 of the Sustainability Report 2023. See the accompanyng data and perfromance tables (available at sse.com/sustainability/reporting) for SSE’s safety performance, as well as page 75 of the Sustainability Report 2023 and pages 63 and 163 to 164 of SSE’s Annual Report 2023. Not applicable in the UK and Irish electricity systems. With the smart meter roll out continuing in Great Britain, there are now 1,845,807 smart meters connected to SSEN Distribution’s network that can ‘communicate’ to SSEN’s system. This means that 50% of all SSEN’s supply points have communicable and smart capability*. See pages 34 to 38 for details of SSE’s fuel poverty and energy efficiency support. N/A - SSE does not operate nuclear generation. N/A - SSE does not operate nuclear generation. SSE has robust processes and practices in place to manage cybersecurity and its datacentres are certified to ISO27001 for information security. SSE also has a suite of mandatory ethics and compliance training modules which all employees are required to complete, which includes Cyber Security eLearning module. SSE discloses the number of material or regulatory reportable incidents caused by cyber security breaches of SSE systems in the accompanyng data and perfromance tables (available at sse.com/sustainability/reporting). A comparable indicator for GB is the Customer Interruptions and Customer Minutes Lost on SSE’s electricity distribution network. See the accompanyng data and perfromance tables (available at sse.com/sustainability/reporting) for data.

See the accompanyng data and perfromance tables (available at sse.com/sustainability/reporting) for SSE’s domestic and business customer supply accounts. See pages 106 and 107 of SSE’s Annual Report 2023 for volume of electricity sold to customers by business and domestic supply businesses. SSEN owns, operates and maintains around 130,000km of electricity distribution overhead lines and underground cables, and around 5,000km of electricity transmission overhead lines and underground cables. See the accompanyng data and perfromance tables (available at www.sse.com/sustainability/reporting) and pages 101 and 104 of SSE’s Annual Report 2023 for SSE’s generation by source. SSE has generation activities in the UK and Ireland which are both regulated markets. See pages 106 and 107 of SSE’s Annual Report 2023 where the total volume of electricity sold by SSE Business Energy and SSE Airtricity is described. Because both these businesses act independently from SSE’s generation businesses in the market, the volume of electricity sold to customers represents the net amount of electricity purchased by SSE throughout 2022/23. *Calculated using the number of smart meters connected to SSEN’s distribution network which are communicable by SSEN as a proportion of SSEN Distribution’s reported customer numbers.

For further information about SSE, please contact:

SSE plc Sustainability Inveralmond House 200 Dunkeld Road Perth PH1 3AQ UK +44 (0)1738 456000 info@sse.com Registered in Scotland No. 117119 sse.com Follow the latest news from SSE on Twitter at: twitter.com/sse @SSE

In accordance with GRI Standards.

Sustainability Report 2022

Table of contents Page.

Introduction 3 Banking on sustainability 3 The importance of sustainability to UBS 4 A firm driven by purpose 6 About this report 7.

Strategy 8 Our sustainability and impact strategy 8 Our aspirational goals and progress 9 Our approach to sustainable finance 11.

Governance 20 Our sustainability governance 20.

Environment 23 Taking action on a net-zero future 23 Managing sustainability and climate risks 39 Reducing our environmental footprint 57 Monitoring the environmental impact of our supply chain 60 Engaging in sustainable technology 61.

Social 62 Why people matter 62 People and culture make the difference 63 Driving social impact 70 Respecting human rights 73 Managing our supply chain responsibly 74 Inclusive growth 76.

Appendix 78 Appendix 1 – Strategy 78 Supporting our climate strategy – our climate-related materiality assessment 78 Supporting our strategy – our stakeholder engagement 85 Appendix 2 – Governance 88 Our sustainability governance – additional information 88 Controlling risks and metrics 92 Our sustainability and climate risk policy framework 93 Combating financial crime 100 Protecting data 102 Key policies and principles 104 Appendix 3 – Environment 106 Our transition plan 106 Climate-related methodologies – net zero approach for our financing activities 109 Climate-related methodologies – defining net-zero-aligned investment portfolios 115 Climate-related methodologies – our own operations 116 Climate-related methodologies – identifying GHG key vendors in our supply chain 117 Climate and nature-related methodologies and scenarios 118 Reducing our environmental footprint – additional information 122 Our approach to nature 129 Information pertaining to environmental risk management regulations in APAC 135 Appendix 4 – Social 138 Workforce by the numbers 138 Charitable contributions 144 Appendix 5 – Other 145 UBS Sustainability objectives and achievements 2022 and objectives 2023 145 EU Non-financial disclosures 155 Independent assurance report 161 Basis of Reporting 166 Key terms and definitions 180 Abbreviations frequently used in our sustainability report 182

Sustainability Report 2022 | Introduction 3.

Introduction.

Banking on sustainability.

Our achievements in 2022.

Our commitment.

Our priorities.

We want to be the fi nancial provider of choice for clients who wish to mobilize capital toward the achievement of the 17 Sustainable Development Goals and the orderly transition to a low-carbon economy.

Planet Making climate a clear priority as we shift toward a low-carbon future.

People Addressing societal challenges through client and corporate philanthropy, as well as employee engagement.

Partnerships Working with other thought leaders to achieve impact on a truly global scale.

Serving clients’ sustainable fi nance needs – USD 268 billion of sustainability focus and impact investments (6.5% increase) – USD 10.1 billion from Global Wealth Management clients’ SDG-related impact commitments and invested assets – 1,116 ESG shareholder resolutions voted upon – 48% sustainable investments share of assets under custody reached in Personal Banking – 77 green, social, sustainability or sustainability linked bond deals facilitated.

Leading in key sustainability ratings – Dow Jones Sustainability Index member (S&P Global) – Climate A List (CDP) – AA rating (MSCI ESG) – Low risk rating (Sustainalytics)

Addressing societal challenges – USD 274 million in donations raised by the UBS Optimus Foundation network – Over 370,000 benefi ciaries reached through strategic community impact activities – 5.9 million benefi ciaries reached through the UBS Optimus Foundation network – More than USD 50 million raised for the Ukraine Relief Fund.