Octopus Group

Octopus Group, an internet publishing and broadcasting and web search portal company headquartered in Australia, has reported its carbon emissions for recent years, demonstrating a commitment to climate action.

For the reporting year 2024, Octopus Group's total carbon emissions were approximately 262.4 million kg CO2e. This figure comprises Scope 1 emissions of around 1.5 million kg CO2e, Scope 2 emissions (market-based) of approximately 24,430 kg CO2e, and significant Scope 3 emissions totalling about 267.2 million kg CO2e.

In the preceding year, 2023, total emissions stood at approximately 530 million kg CO2e. This included Scope 1 emissions of about 1.3 million kg CO2e, Scope 2 emissions (market-based) of approximately 32,090 kg CO2e, and Scope 3 emissions amounting to roughly 528.6 million kg CO2e. The year before, 2022, saw total emissions of approximately 2.1 million kg CO2e, with Scope 1 emissions around 173,910 kg CO2e, Scope 2 emissions (market-based) of approximately 27,830 kg CO2e, and Scope 3 emissions of about 1.9 million kg CO2e.

Octopus Group has established ambitious reduction targets. The company aims to reduce its Scope 1 and 2 emissions by 90% by 2030, using 2023 as the baseline year. Looking further ahead, Octopus Group's long-term ambition is to achieve Net Zero by 2040, or sooner, across its operations, owned and leased assets (Scope 3 Category 13), and financed emissions (Scope 3 Category 15).