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Ovo Energy
Electricity from Other SourcesUnited KingdomSHH: 605090.SS
Last verified 1 year agoovoenergy.com
Ovo Energy is a leading UK-based energy supplier, founded in 2009 with its headquarters in Great Britain. Operating within the electricity and gas utilities sector, the company has rapidly grown to become a significant player in the British energy market.
The company specialises in providing domestic customers with sustainable electricity and gas, driven by a strong commitment to renewable energy solutions. They differentiate themselves through innovative smart home technology and initiatives designed to help households transition towards a net-zero carbon future.
As one of the UK's largest independent energy providers, Ovo Energy is dedicated to making cleaner, greener energy accessible. Their core mission revolves around accelerating the energy transition and empowering customers to lead more sustainable lives.
31
DitchCarbon score
+15 vs industry average
Ovo Energy’s score of 31 is higher than 58% 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
Very High
Electricity from Other Sources is among the most carbon-intensive industries
Industry performance
3.039
20182025
The Electricity from Other Sources industry has reduced its overall emissions by 36% since 2018
Emissions trajectory 2020 – 2026
2020202120222023202420252026
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Ovo Energy's reported carbon emissions
OVO Energy, a UK-headquartered company in the Electricity nec industry, reported Scope 2 emissions of approximately 1.44 million kg CO2e and Scope 3 emissions of about 9.78 billion kg CO2e for 2023. This data, along with previous years' emissions, is disclosed in their 2024 report.
The company has set ambitious climate commitments validated by the Science Based Targets initiative (SBTi). OVO Energy aims to reduce absolute Scope 1 and 2 greenhouse gas emissions by 64.1% by 2030, using a 2018 baseline. Additionally, they are committed to reducing Scope 3 greenhouse gas emissions from all sold electricity by 76.8% per MWh within the same timeframe. Other absolute Scope 3 emissions, including those from fuel and energy-related activities and the use of sold products, are targeted for a 50.4% reduction by 2030, also from a 2018 base year. These targets cover greenhouse gas emissions from company operations (Scopes 1 and 2) and are consistent with keeping global warming to 1.5°C. OVO Energy also has a long-term net-zero commitment for all scopes by 2050. The SBTi targets are cascaded from OVO Energy Ltd.
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Ovo Energy’s Climate Goals (2030 & 2050)
4 goals2030
50.4% reduction in scope 3 total
OVO Energy further commits to reduce all other absolute scope 3 GHG emissions from fuel and energy related activities, and emissions from us…
On track50.4%
2030
76.8% reduction in scope 3 total
OVO Energy also commits to reduce scope 3 GHG emissions from all sold electricity 76.8% per MWh within the same timeframe.
Insufficient data76.8%
2030
64.1% reduction in Scope 1
OVO Energy commits to reduce absolute scope 1 and 2 GHG emissions 64.1% by 2030 from a 2018 base year.
Insufficient data64.1%
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Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
2030 targetSee details
Active
Carbon Disclosure Project
See details
Not active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
See details
Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Ovo Energy1 year ago
31
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Frequently asked questions
Common questions about Ovo Energy’s sustainability data and climate commitments
In 2023, Ovo Energy reported Scope 2 emissions of approximately 1.44 million kg CO2e and Scope 3 emissions totaling about 9.78 billion kg CO2e. The combined Scope 1 and 2 emissions were around 3.4 million kg CO2e. These figures highlight that Scope 3 emissions represent the largest share of Ovo Energy's environmental impact, underscoring the importance of value chain management in their overall carbon footprint. This data is disclosed in their 2024 report, reflecting their commitment to transparency in reporting.
Data year: 2023
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