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 41 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ovo Energy's reported carbon emissions
In 2023, Ovo Energy reported total carbon emissions of approximately 3,401,000 kg CO2e for Scope 1 and 2 combined, with Scope 2 emissions alone accounting for about 1,441,000 kg CO2e. The company also disclosed significant Scope 3 emissions, totalling approximately 9,782,785,000 kg CO2e, which includes business travel emissions of about 131,000 kg CO2e. Ovo Energy has set ambitious climate commitments, aiming to achieve a 64.1% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2030, using 2018 as the base year. Additionally, the company targets a 76.8% reduction in Scope 3 emissions from all sold electricity per MWh within the same timeframe. For other Scope 3 emissions, including those from fuel and energy-related activities and the use of sold products, Ovo Energy aims for a 50.4% reduction. The company is committed to reaching net-zero emissions across all scopes by 2050, aligning its targets with the Science Based Targets initiative (SBTi) to ensure they contribute to limiting global warming to 1.5°C. These commitments reflect Ovo Energy's proactive approach to addressing climate change and reducing its carbon footprint in the energy sector.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - |
| Scope 2 | - | - | - | - | 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 participating in some of the initiatives that 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.
