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Creating and sharing benefitsUnderstanding the socio-economic contribution of offshore wind
Mia Fahey McCarthy, Head of Sustainability, Ireland, SSE plc
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SSE plc is one of the UK and Ireland’s leading energy companies, involved in the generation, transportation and supply of electricity
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SSE plc
Our visionTo be a leading energy provider in a low-carbon world.
Our strategyTo create value for shareholders and society from developing, owning and operating energy and related infrastructure and services in a sustainable way.
Our purpose Provide energy needed today and strive for a better world of energy for tomorrow.
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SSE’s 2030 Goals
Six years of quantifying socio-economic impacts
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WICK
NIGGPORTGORDON
BLACKHILLOCK
Export cable
Scotland
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What impact does it have?
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Sharing value £6m Community Fund
Partnership and Local Funds
Social return of investment £1 = £3.21
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Lessons Learnt
- Set right the wrong as soon as possible;
- Create a strategic response to prevent it happening again.
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Key takeaways
• The power of partnership and collaboration;
• Flexibility with communities and other stakeholders;
• Think about what you want to understand and work out what you need to know;
• The importance of the long term;• Be open about the hard lessons.
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The Future