SSE PLC launches free carbon offsetting project, claiming it will save £6.3m in energy costs.

Trending News ☀️

SSE PLC ($LSE:SSE), one of the United Kingdom’s largest energy companies, has launched a free carbon offsetting project in an effort to save £6.3 million in energy costs. The project, which is open to all SSE customers, will allow customers to offset their carbon emissions by planting trees and other carbon-absorbing activities. The project is part of SSE’s commitment to reducing its carbon footprint and becoming a more sustainable company.

The free carbon offsetting project is a valuable opportunity for SSE customers to reduce their own carbon footprints and make a positive impact on the environment. For more information on the project, or to sign up, visit SSE’s website.

Price History

The project has so far received mostly positive media coverage. On Friday, SSE PLC stock opened at £14.9 and closed at £15.0, down by 0.3% from last closing price of 15.0. Despite the small dip in stock price, the company remains confident in the project and its ability to reduce energy costs.

VI Analysis

SSE PLC is a British electricity and gas utility company headquartered in Perth, Scotland. The company’s fundamentals reflect its long term potential, below analysis on SSE PLC are made simple by VI app. Based on VI Risk Rating, SSE PLC is a medium risk investment in terms of financial and business aspects.

VI App has detected 3 risk warnings in income sheet, balance sheet, cashflow statement. Register with us to check it out.

Summary

SSE PLC, one of the UK’s ‘Big Six’ energy suppliers, has announced the launch of a new carbon offsetting project which it claims will save the company £6.3 million in energy costs. The project, which is free to customers, will see SSE planting trees in Scotland to offset the carbon emissions of its customers. The move has been praised by environmental groups, who say that it is a step in the right direction for the company. However, some critics have questioned the effectiveness of offsetting projects, and whether they are simply a way for companies to ‘greenwash’ their image.