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 28 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Octopus's reported carbon emissions
As of the latest available data, Octopus Group has not publicly reported any specific carbon emissions figures in kg CO2e. However, the company has made significant climate commitments, including a long-term target to achieve net-zero emissions across all scopes by 2050. This commitment was formalised in December 2023, indicating a proactive approach to addressing climate change. Octopus Group is classified as a financial institution operating in the UK, and while specific reduction targets have not been detailed, the company is committed to integrating sustainability into its operations. The absence of reported emissions data highlights the importance of transparency and accountability in corporate climate strategies. Overall, Octopus Group's commitment to net-zero emissions reflects a growing trend among financial institutions to prioritise environmental sustainability and contribute to global climate goals.
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 committed to some reduction initiatives 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.
