Ovo Energy
Ovo Energy, a prominent player in the UK energy sector, is headquartered in London, GB. Founded in 2009, the company has rapidly established itself as a leader in renewable energy solutions, focusing on providing sustainable electricity and gas to homes across the UK. With a commitment to innovation, Ovo Energy has introduced unique offerings such as flexible tariffs and smart home technology, catering to the evolving needs of its customers. The company has achieved significant milestones, including being one of the first energy suppliers to offer 100% renewable electricity as standard. Ovo Energy's dedication to sustainability and customer service has earned it a strong market position, making it a preferred choice for environmentally conscious consumers. As the energy landscape continues to evolve, Ovo Energy remains at the forefront, championing a greener future for all.
DitchCarbon Score
How does Ovo Energy'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 Electricity from Other Sources 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
Ovo Energy's score of 36 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Ovo Energy's reported carbon emissions
In 2023, Ovo Energy reported total emissions of approximately 3,434,000 kg CO2e for Scope 1 and 2, and about 9,781,785,000 kg CO2e for Scope 3 emissions. This reflects a commitment to significant reductions in greenhouse gas emissions, with a target to reduce absolute Scope 1 and 2 emissions by 64.1% by 2030 from a 2018 baseline. Additionally, the company aims to cut Scope 3 emissions from sold electricity by 76.8% per MWh and reduce other Scope 3 emissions related to fuel and energy activities, as well as emissions from the use of sold products, by 50.4% within the same timeframe. Ovo Energy's emissions data shows a trend of increasing Scope 3 emissions over the years, with figures of approximately 14,520,785,000 kg CO2e in 2018, decreasing to about 13,449,908,000 kg CO2e in 2019, and further down to approximately 11,645,643,000 kg CO2e in 2020. However, the company has made strides in managing its Scope 1 and 2 emissions, which were about 11,538,000 kg CO2e in 2018 and decreased to approximately 3,434,000 kg CO2e in 2023. Ovo Energy is also committed to achieving net-zero emissions across all scopes by 2050, aligning with global climate goals. The company’s targets are classified as consistent with the reductions required to limit global warming to 1.5°C, demonstrating its proactive approach to climate action in the energy sector.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 0,000,000 | 0,000,000 | - |
| Scope 2 | - | - | 0,000,000 | 000,000 | 000,000 | 0,000,000 |
| Scope 3 | 14,520,785,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Ovo Energy is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
