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 call1 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
- 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.
About Royal London Asset Management (RLAM):
Established in 1988, Royal London Asset Management (RLAM) is one of the UK's leading fund management companies, providing investment management solutions to both wholesale and institutional clients such as not-for-profit organisations, local authorities and the insurance sector.
RLAM manages £164 billion of assets and employs 129 investment professionals as at 31 December 2021. It invests in all major asset classes including UK and overseas equities, government bonds, investment grade and high yield corporate bonds, property and cash.
For professional clients only, not suitable for retail investors.
Issued by Royal London Asset Management Limited, registered in England and Wales number 2244297; authorised and regulated by the Financial Conduct Authority. Registered Office: 55 Gracechurch Street, London, EC3V 0RL.
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