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 35 is higher than 84% 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 2023, Octopus Energy reported total carbon emissions of approximately 2,987,000 kg CO2e. This figure includes 899,000 kg CO2e from Scope 1 emissions, primarily from mobile combustion, and 122,000 kg CO2e from Scope 2 emissions. The company also recorded significant Scope 3 emissions, amounting to about 2,732,000 kg CO2e, largely attributed to business travel. Comparatively, in 2022, Octopus Energy's total emissions were about 1,638,000 kg CO2e, with Scope 1 emissions at 108,000 kg CO2e and Scope 2 emissions at 110,000 kg CO2e. The Scope 3 emissions for that year were approximately 1,420,000 kg CO2e. This indicates a substantial increase in emissions from 2022 to 2023. Looking ahead, Octopus Energy has committed to achieving net-zero emissions across all scopes by 2050, as part of their long-term climate strategy. This commitment aligns with the Science Based Targets initiative (SBTi) framework, which underscores their dedication to reducing carbon emissions in line with climate science. The company is actively working towards these targets, although specific interim reduction goals have not been detailed. Overall, Octopus Energy's emissions data reflects the challenges faced in the energy sector, while their long-term commitments signal a proactive approach to addressing climate change.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 182,000 | 000,000 | 000,000 | 0,000,000 |
| Scope 2 | 155,100 | 000,000 | 000,000 | 0,000,000 |
| Scope 3 | 21,600 | 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.
