Commenting on Scottish Power’s Just Transition Strategy, Simonetta Spavieri, Senior Engagement Analyst at Royal London Asset Management (RLAM) said:
“Following Energy Transition Day at COP26, there is no better moment to celebrate the publication of Scottish Power’s Just Transition Strategy this week. We are glad to see people and communities being recognised at the centre of the energy transition at COP26.
“Scottish Power is now the fifth energy utility company to respond to RLAM and Friends Provident’s call (1) to publish a Just Transition strategy. The business has committed to driving green energy whilst continuing to work with communities it serves to ensure the benefits of a Net Zero future are shared widely.
“With the green transition comes a period of uncertainty, which means it is important now more than ever before to support the most vulnerable through this process. So, it is great to see that the strategy recognises the strength of collaboration and engagement between both industry and local communities in delivering a smooth and Just Transition pathway to Net Zero.
“We look forward to supporting Scottish Power further on both the decarbonisation electricity production and the development of new economic opportunities for affected communities.”
Notes to Editors:
(1) RLAM and Friends Provident engaged with the top seven utilities companies (Centrica, E.ON, EDF, National Grid, RWE, SSE and Scottish Power) and asked for formal commitments to be put in place that address their expectations by November 2021, ahead of the COP26 summit. Prompted by RLAM’s and Friends Provident’s engagement, EON, SSE, Centrica (British Gas), EDF and Scottish Power have published strategies.
The views expressed are those of the author at the date of publication unless otherwise indicated, which are subject to change, and is not investment advice.