Ovo Energy Sustainability Profile
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 44 is higher than 67% 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 9,782,000,000 kg CO2e, which includes 131,000 kg CO2e from business travel. Ovo Energy has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 64.1% by 2030, using 2018 as the base year. Additionally, the company targets a 76.8% reduction in Scope 3 emissions from sold electricity per MWh and a 50.4% reduction in other Scope 3 emissions related to fuel and energy activities, as well as emissions from the use of sold products, all within the same timeframe. These targets are aligned with the Science Based Targets initiative (SBTi) and are designed to support the global effort to limit warming to 1.5°C. Ovo Energy's emissions data is cascaded from its parent company, Ovo Energy Ltd, reflecting its commitment to transparency and accountability in its climate strategy. The company is actively working towards these targets, demonstrating its dedication to reducing its carbon footprint and contributing to a sustainable future.
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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 |
How Carbon Intensive is Ovo Energy's Industry?
How Carbon Intensive is Ovo Energy's Location?
Ovo Energy's Scope 3 Categories Breakdown
Ovo Energy's Scope 3 emissions, which increased by 0% last year and decreased by approximately 33% since 2018, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories.
Top Scope 3 Categories
Ovo Energy'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.
Ovo Energy has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Rheinisch Westfalisches Elektrizitatswerk
Frequently Asked Questions
Common questions about Ovo Energy's sustainability data and climate commitments