Octopus Energy
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 33 is higher than 57% 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 2,192,000 kg CO2e, comprising 1,922,000 kg CO2e from Scope 1 emissions and 2,384,000 kg CO2e from Scope 2 emissions (market-based). The company's emissions data reflects a significant increase from 2023, where total emissions were about 8,870,000 kg CO2e, including 887,000 kg CO2e from Scope 1 and 307,000 kg CO2e from Scope 2. Notably, Scope 3 emissions in 2023 were substantial, reaching approximately 6,610,000 kg CO2e, primarily from business travel. Octopus Energy has set ambitious climate commitments, aiming for net-zero emissions across all scopes by 2050, as confirmed by their Science Based Targets initiative (SBTi) commitments. This long-term target was established in 2023, demonstrating the company's dedication to reducing its carbon footprint in alignment with global climate goals. The emissions data for Octopus Energy is cascaded from its parent company, Octopus Energy Limited, which is classified as a current subsidiary. This relationship ensures that Octopus Energy's climate strategies and performance are aligned with the broader corporate family objectives. Overall, Octopus Energy is actively working towards reducing its carbon emissions while maintaining transparency in its reporting and commitment to sustainability.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 182,000 | 000,000 | 000,000 | 0,000,000 |
| Scope 2 | 147,500 | 000,000 | 000,000 | 0,000,000 |
| Scope 3 | 2,518,500 | 0,000,000 | 0,000,000 | - |
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 Energy 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.
