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Page 1 Page 1 Creating and sharing benefits Understanding the socio-economic contribution of offshore wind Mia Fahey McCarthy, Head of Sustainability, Ireland, SSE plc

Creating and sharing benefits - IWEA · Creating and sharing benefits Understanding the socio-economic contribution of offshore wind Mia Fahey McCarthy, Head of Sustainability, Ireland,

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Page 1: Creating and sharing benefits - IWEA · Creating and sharing benefits Understanding the socio-economic contribution of offshore wind Mia Fahey McCarthy, Head of Sustainability, Ireland,

Page 1Page 1

Creating and sharing benefitsUnderstanding the socio-economic contribution of offshore wind

Mia Fahey McCarthy, Head of Sustainability, Ireland, SSE plc

Page 2: Creating and sharing benefits - IWEA · Creating and sharing benefits Understanding the socio-economic contribution of offshore wind Mia Fahey McCarthy, Head of Sustainability, Ireland,

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SSE plc is one of the UK and Ireland’s leading energy companies, involved in the generation, transportation and supply of electricity

Page 3: Creating and sharing benefits - IWEA · Creating and sharing benefits Understanding the socio-economic contribution of offshore wind Mia Fahey McCarthy, Head of Sustainability, Ireland,

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SSE plc

Our visionTo be a leading energy provider in a low-carbon world.

Our strategyTo create value for shareholders and society from developing, owning and operating energy and related infrastructure and services in a sustainable way.

Our purpose Provide energy needed today and strive for a better world of energy for tomorrow.

Page 4: Creating and sharing benefits - IWEA · Creating and sharing benefits Understanding the socio-economic contribution of offshore wind Mia Fahey McCarthy, Head of Sustainability, Ireland,

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SSE’s 2030 Goals

Page 5: Creating and sharing benefits - IWEA · Creating and sharing benefits Understanding the socio-economic contribution of offshore wind Mia Fahey McCarthy, Head of Sustainability, Ireland,

Six years of quantifying socio-economic impacts

Page 6: Creating and sharing benefits - IWEA · Creating and sharing benefits Understanding the socio-economic contribution of offshore wind Mia Fahey McCarthy, Head of Sustainability, Ireland,
Page 7: Creating and sharing benefits - IWEA · Creating and sharing benefits Understanding the socio-economic contribution of offshore wind Mia Fahey McCarthy, Head of Sustainability, Ireland,

Page 7

WICK

NIGGPORTGORDON

BLACKHILLOCK

Export cable

Scotland

Page 8: Creating and sharing benefits - IWEA · Creating and sharing benefits Understanding the socio-economic contribution of offshore wind Mia Fahey McCarthy, Head of Sustainability, Ireland,

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What impact does it have?

Page 9: Creating and sharing benefits - IWEA · Creating and sharing benefits Understanding the socio-economic contribution of offshore wind Mia Fahey McCarthy, Head of Sustainability, Ireland,

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Page 10: Creating and sharing benefits - IWEA · Creating and sharing benefits Understanding the socio-economic contribution of offshore wind Mia Fahey McCarthy, Head of Sustainability, Ireland,

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Sharing value £6m Community Fund

Partnership and Local Funds

Social return of investment £1 = £3.21

Page 11: Creating and sharing benefits - IWEA · Creating and sharing benefits Understanding the socio-economic contribution of offshore wind Mia Fahey McCarthy, Head of Sustainability, Ireland,

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Lessons Learnt

- Set right the wrong as soon as possible;

- Create a strategic response to prevent it happening again.

Page 12: Creating and sharing benefits - IWEA · Creating and sharing benefits Understanding the socio-economic contribution of offshore wind Mia Fahey McCarthy, Head of Sustainability, Ireland,

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Key takeaways

• The power of partnership and collaboration;

• Flexibility with communities and other stakeholders;

• Think about what you want to understand and work out what you need to know;

• The importance of the long term;• Be open about the hard lessons.

Page 13: Creating and sharing benefits - IWEA · Creating and sharing benefits Understanding the socio-economic contribution of offshore wind Mia Fahey McCarthy, Head of Sustainability, Ireland,

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The Future