Octopus Group

Octopus Group, an Australian Internet Publishing and Broadcasting and Web Search Portals company, reported total carbon emissions of approximately 262,443,900 kg CO2e in 2024. This included Scope 1 emissions of 1,533,780 kg CO2e, Scope 2 market-based emissions of 24,430 kg CO2e, and Scope 3 emissions of 267,243,360 kg CO2e. Key contributors to Scope 3 emissions in 2024 included purchased goods and services (6,958,730 kg CO2e), employee commute (2,552,770 kg CO2e), and business travel (947,240 kg CO2e).

In 2023, Octopus Group's total emissions were approximately 529,971,950 kg CO2e, comprising Scope 1 emissions of 1,298,000 kg CO2e, Scope 2 market-based emissions of 32,090 kg CO2e, and Scope 3 emissions of 528,641,860 kg CO2e. Significant Scope 3 categories for 2023 included downstream leased assets (14,115,840 kg CO2e), purchased goods and services (4,559,720 kg CO2e), and employee commute (2,515,880 kg CO2e).

Looking back to 2022, the company's total emissions were approximately 2,117,300 kg CO2e, with Scope 1 emissions at 173,910 kg CO2e, Scope 2 market-based emissions at 27,830 kg CO2e, and Scope 3 emissions at 1,915,560 kg CO2e. Notable Scope 3 contributions in 2022 included purchased goods and services (1,605,770 kg CO2e) and business travel (184,830 kg CO2e).

Octopus Group is committed to ambitious climate action, aiming 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). The company has also set a near-term target to reduce its Scope 1 and 2 emissions by 90% by 2030, using a 2023 baseline.