Office of Gas and Electricity Markets Sustainability Profile
The Office of Gas and Electricity Markets, commonly known as Ofgem, is the regulator for the electricity and gas markets in Great Britain. Headquartered in London, Ofgem oversees the energy sector across England, Scotland, and Wales, ensuring fair competition and protecting consumer interests. Established in 1999, the organisation has played a pivotal role in the transition towards a low-carbon energy system, implementing key policies that promote sustainability and innovation. Ofgem's core services include regulating energy prices, facilitating market competition, and ensuring reliable energy supply. Its unique approach combines regulatory oversight with a commitment to consumer protection, making it a vital player in the UK energy landscape. With notable achievements in promoting renewable energy and enhancing market efficiency, Ofgem continues to strengthen its position as a leader in the energy regulatory framework.
DitchCarbon Score
How does Office of Gas and Electricity Markets'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 Public Administration 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
Office of Gas and Electricity Markets's score of 36 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Office of Gas and Electricity Markets's reported carbon emissions
In 2024, the Office of Gas and Electricity Markets (Ofgem) reported carbon emissions of approximately 215,000 kg CO2e, comprising 4,000 kg CO2e from Scope 1 and 211,000 kg CO2e from Scope 2. This marks a decrease from 2023, where total emissions were about 227,000 kg CO2e, with 4,000 kg CO2e from Scope 1 and 223,000 kg CO2e from Scope 2. Ofgem has set ambitious climate commitments, aligned with the UK's national targets. The current fourth carbon budget mandates a 52% reduction in emissions by 2027 compared to 1990 levels. Additionally, the UK has committed to reducing economy-wide greenhouse gas emissions by at least 68% by 2030, with a long-term goal of achieving a 78% reduction by 2037. These targets reflect Ofgem's commitment to sustainability and its role in the broader context of the UK's climate strategy. The organization does not currently report Scope 3 emissions, indicating a focus on direct and indirect emissions from its operations.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2010 | 2019 | 2020 | |
|---|---|---|---|
| Scope 1 | 511,000 | 00,000 | 0,000 |
| Scope 2 | 1,045,000 | 000,000 | 000,000 |
| Scope 3 | 115,000 | 000,000 | 000,000 |
How Carbon Intensive is Office of Gas and Electricity Markets's Industry?
How Carbon Intensive is Office of Gas and Electricity Markets's Location?
Office of Gas and Electricity Markets's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Office of Gas and Electricity Markets has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
