Slide 1: The energy transition in a changing world
The energy transition in a changing world SSE ESG Investor Roundtable September 2026
Slide 2: ESG investor roundtable
ESG investor roundtable Setting the scene 20 – 30 mins Introduction Michael Livingston Sustainability in a changing energy system Dame Angela Strank Building a resilient energy future Martin Pibworth Delivering a transition that works for all Rhian Kelly Roundtable discussion 30 – 60 mins A focused
Slide 3: Sustainability in a changing energy system
Sustainability in a changing energy system Dame Angela Strank Non-Executive Director and Chair of the Safety, Sustainability, Health and Environment Advisory Committee 2
Slide 4: Sustainability in a changing energy system
Sustainability in a changing energy system Sustainability in a changing energy system The energy trilemma remains unchanged, but the environment in which we operate continues to evolve Geopolitical Rising Power volatility Demand Clean £ Affordability A clean, System Concerns secure and Constraints a
Slide 5: Building a resilient energy future
Building a resilient energy future Martin Pibworth Chief Executive Officer 4
Slide 6: Evolving with the energy transition
Evolving with the energy transition Evolving with the energy transition Building the foundation Enabling the next phase Expanding where of the system of transition we create value Hydro and thermal assets provided Transmission investment is critical to Renewables, flexibility and networks secure, re
Slide 7: Our transformational five-year investment plan
Our transformational five-year investment plan Our transformational five-year investment plan Fully-funded investment Significant capital growth High-quality earnings growth Index-linked 80% Market-leading Networks RAV growth ~80% EBITDA2 FY30e Networks Adjusted EPS3 ~£13bn ~25% ~£40bn 225 – 250p FY
Slide 8: The need for energy investment has never been clearer
The need for energy investment has never been clearer 7
Slide 9: Pathway to lower, more stable bills
Pathway to lower, more stable bills Why Is Change Needed? ~70% Of the increase in domestic energy since 2017 has been driven by commodity prices and inflation. Reducing exposure to volatile global gas prices is central to affordability How do we get there? Homegrown Energy Networks Build-out Increas
Slide 10: Our 2030 Goals progress in 2025/26
Our 2030 Goals progress in 2025/26 The way we do it matters Safety 0.17 Total recordable injury rate employees and contractors combined/100,000 hours worked (2024/25: 0.16) Communities £24.9m Awarded through our community investment funds (2024/25: £16.3m) Inclusion 11.9% Median UK gender pay gap (2
Slide 11: Delivering a transition that works for all
Delivering a transition that works for all Rhian Kelly Chief Sustainability Officer 10
Slide 12: Our Net Zero Transition Plan
Our Net Zero Transition Plan Our Net Zero Transition Plan Near term (2025 - 2035) Long term (2035 - 2050) 2025 2035 2050 Carbon intensity Absolute emissions Supplier engagement Gas sold Reduce the Reduce absolute scope 1 GHG Engage with 90% of Reduce absolute GHG carbon intensity emissions by 72.5%
Slide 13: Progress against our science-based targets
Progress against our science-based targets Progress against our science-based targets 2025/26 progress Scopes 1 and 2 Carbon intensity of Scope 1 GHG emissions reduction Reduce the carbon intensity of scope 1 GHG emissions 194gCO2e/kWh 46% progress 2030 37% reduction from base year Absolute Scope 1
Slide 14: Addressing interconnected issues
Addressing interconnected issues Addressing interconnected issues The example of Shetland Building infrastructure Increasing resilience critical to the transition on the Shetland Islands • Viking Wind Farm (443MW) will generate enough renewable energy to power • Our 260km Shetland HVDC Link around 5
Slide 15: Roundtable: Navigating a shifting landscape
Roundtable: Navigating a shifting landscape Data centres 14
Slide 16: Thank You
Thank You ir@sse.com 15