Power Companies Spearhead New Net Zero Pact

Multinational energy company SSE and ten other founding partners have launched the ‘Powering Net Zero Pact‘ initiative. The pact’s members will be required to meet five set sustainability goals: achieve net zero carbon emissions through science-based decarbonisation targets, protecting and enhance the natural environment, transition to a circular economy, guarantee fair work and sustainable jobs, and add value to local communities. Current members – such as Siemens Energy, Balfour Beatty and Hitachi Energy – collectively employ more than 240,000 people and generate a turnover exceeding £55 billion a year. Signatory companies are already involved in low-carbon infrastructure projects around the world, including investing £3 billion in Scotland’s largest offshore wind farm, Seagreen. “The climate emergency and the need to secure more stable and affordable energy supplies have accelerated the transition to a low-carbon future,” said Alistair Phillips-Davies, SSE CEO. “But as we are all swept up in the race to net zero, we have a duty of care to ensure no one is left behind. And not just in our own operations.”

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