Octopus
Octopus Group, commonly known as Octopus, is a leading UK-based company headquartered in London, GB. Founded in 2000, Octopus has established itself as a prominent player in the energy and investment sectors, with a strong focus on renewable energy solutions and innovative financial services. The company operates extensively across the UK and has expanded its reach into international markets, championing sustainable energy through its core offerings, including Octopus Energy and Octopus Ventures. Notable for its customer-centric approach, Octopus Energy has gained recognition for its competitive pricing and commitment to green energy, positioning the company as a market leader in the renewable energy landscape. With a mission to drive the transition to a sustainable future, Octopus continues to achieve significant milestones, making it a key influencer in both the energy and investment industries.
DitchCarbon Score
How does Octopus's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Octopus's score of 23 is lower than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Octopus's reported carbon emissions
As of the latest available data, Octopus has not reported any specific carbon emissions figures, indicating a lack of publicly disclosed emissions data. Consequently, there are no details regarding their Scope 1, 2, or 3 emissions. Additionally, there are no documented reduction targets or climate pledges from the company, which suggests that Octopus may not have formalised commitments to reduce carbon emissions at this time. In the context of the industry, many companies are increasingly adopting science-based targets and sustainability initiatives to mitigate climate impact. However, without specific data or commitments from Octopus, it is challenging to assess their position relative to industry standards. Overall, the absence of emissions data and reduction initiatives highlights an opportunity for Octopus to enhance transparency and align with global climate action efforts.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Octopus is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
