Octopus Energy Group Limited
Octopus Energy Group Limited, commonly known as Octopus Energy, is a leading renewable energy provider headquartered in Great Britain. Founded in 2015, the company has rapidly established itself in the energy sector, focusing on sustainable energy solutions across the UK and several international markets.
Specialising in green electricity and gas, Octopus Energy is renowned for its innovative pricing models and customer-centric approach, which includes flexible tariffs and transparent billing. The company has achieved significant milestones, including rapid customer growth and recognition for its commitment to renewable energy.
With a strong market position, Octopus Energy has garnered numerous awards for its service excellence and sustainability initiatives, making it a prominent player in the transition to a greener energy future.
+18 vs industry average
Octopus Energy Group Limited’s score of 36 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Solar PV Electricity is among the most carbon-intensive industries
Industry performance
The Solar PV Electricity industry has reduced its overall emissions by 38% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Octopus Energy Group Limited's reported carbon emissions
In 2024, Octopus Energy Group Limited reported total greenhouse gas emissions of approximately 2,382,000 kg CO2e, comprising 1,922,000 kg CO2e from Scope 1 and 320,000 kg CO2e from Scope 2 emissions. The company has set ambitious climate commitments, aiming to achieve net-zero emissions across its entire value chain by FY2040. For near-term targets, Octopus Energy commits to reducing absolute Scope 1 and Scope 2 emissions by 42% by FY2030 from a FY2024 baseline. Additionally, it aims to reduce Scope 3 emissions from all sold electricity by 88% per MWh within the same timeframe. Long-term, the company targets a 90% reduction in absolute Scope 1, Scope 2, and Scope 3 emissions by FY2040. These commitments align with the Science Based Targets initiative (SBTi) and reflect Octopus Energy's dedication to sustainable practices within the electric utilities sector. The company is actively working towards these goals, demonstrating a strong commitment to addressing climate change and reducing its carbon footprint.
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Octopus Energy Group Limited’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Octopus Energy Group Limited yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Octopus Energy Group Limited
Frequently asked questions
Common questions about Octopus Energy Group Limited’s sustainability data and climate commitments
Data year: 2024
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