Octopus Energy Sustainability Profile
Octopus Energy, a leading renewable energy supplier based in Great Britain, has been transforming the energy landscape since its founding in 2015. With its headquarters in London, the company operates across the UK and has expanded its reach into international markets, including Europe and the United States. Specialising in green energy solutions, Octopus Energy offers a range of services, including competitive energy tariffs and innovative technology-driven platforms that enhance customer experience. Their unique approach to energy supply, characterised by transparent pricing and a commitment to sustainability, has positioned them as a market leader in the renewable sector. Notable achievements include rapid growth in customer base and recognition for their exceptional customer service, making Octopus Energy a prominent player in the energy industry.
DitchCarbon Score
How does Octopus Energy'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 Electricity from Other Sources 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 Energy's score of 28 is lower than 51% 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 Energy's reported carbon emissions
In 2024, Octopus Energy reported total carbon emissions of approximately 2,382,000 kg CO2e, comprising 1,922,000 kg CO2e from Scope 1 emissions and 462,000 kg CO2e from Scope 2 emissions. The Scope 1 emissions primarily stemmed from mobile combustion (1,853,000 kg CO2e) and stationary combustion (69,000 kg CO2e). In 2023, the company’s emissions were about 1,282,000 kg CO2e, with Scope 1 emissions at 899,000 kg CO2e and Scope 2 emissions at 384,000 kg CO2e. This indicates a significant increase in emissions from 2023 to 2024. Octopus Energy has committed to achieving net-zero emissions across all scopes by 2050, as part of its long-term climate strategy. This commitment is aligned with the Science Based Targets initiative (SBTi) and reflects the company's dedication to reducing its carbon footprint in the energy sector. The company is currently classified as a member of the BA1.5 group, indicating its commitment to limiting global warming to 1.5 degrees Celsius. The emissions data for Octopus Energy is cascaded from its parent company, Octopus Energy Limited, which provides a comprehensive view of the company's environmental impact. The reported figures highlight the ongoing challenges and responsibilities faced by energy providers in addressing climate change while transitioning to sustainable energy solutions.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 306,000 | 000,000 | 0,000,000 |
| Scope 2 | 102,000 | 000,000 | 000,000 |
| Scope 3 | - | - | - |
How Carbon Intensive is Octopus Energy's Industry?
How Carbon Intensive is Octopus Energy's Location?
Octopus Energy's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Octopus Energy has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Octopus Energy's sustainability data and climate commitments