SSE plc

Company characteristics

Assessed report publication year
Financial year end 31/03/23
Sector Utilities
Head office United Kingdom
Primary listing London Stock Exchange
GBP market cap 19,658,765,959
Net profit margin -0.77%
CEO tenure 9.7 years
Employee count 12,180
FRF draft assessment response Yes

Reward scrutiny

Living wage accredited Yes Living wage (calculation for operating regions) Yes
Living hours accredited Yes Tax reporting (GRI 207) No

Remuneration policies

Remuneration committee 100% independent No Remuneration committee discretion applied Yes
Remuneration committee discretion (direction) Down
Director from workforce No Trade union relations (disclosure) Yes
Worker consultation on top pay (disclosure) No 80%+ shareholder support on pay Yes

Reward outcomes

CEO total pay (GBP) 4,627,000 CEO total pay change 3.17%
CEO pay ratio (to median employee) 100:1 Percentage point increase in maximum variable remuneration
Pension award parity between CEO and wider workforce Yes Pay of the next highest exec compared to CEO 69.8%
Gender pay gap (mean data) Gender pay (women % in top quartile) 21.00%
Ethnicity pay gap (disclosure) No Total dividend (GBP) 1,212,800,000