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 25 is lower than 54% 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 (market-based). This marks a significant increase from 2023, where 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 (market-based). The company 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. These targets were established in 2023 and reflect a long-term strategy to mitigate climate impact. Octopus Energy's emissions data is cascaded from its parent company, Octopus Energy Limited, which is classified under the Electric Utilities and Independent Power Producers sector. The company is actively working towards reducing its carbon footprint and has been recognised as a member of the BA1.5 initiative, indicating its commitment to align with the most stringent climate goals. Overall, Octopus Energy is focused on reducing its carbon emissions while transitioning towards sustainable energy solutions, reflecting its commitment to environmental stewardship in the energy sector.
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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 | - | - | - |
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.
