Ovo Energy

Ovo Energy's reported carbon emissions

In 2023, Ovo Energy reported total carbon emissions of approximately 10.2 billion kg CO2e, with significant contributions from Scope 2 and Scope 3 emissions. Specifically, Scope 2 emissions accounted for about 1.4 million kg CO2e, while Scope 3 emissions reached approximately 9.8 billion kg CO2e, including 131,000 kg CO2e from business travel. Notably, Ovo Energy does not disclose Scope 1 emissions data. Ovo Energy has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 64.1% by 2030 from a 2018 baseline. Additionally, the company targets a 76.8% reduction in Scope 3 emissions from all sold electricity per MWh within the same timeframe, alongside a 50.4% reduction in other absolute Scope 3 emissions related to fuel and energy activities and the use of sold products. These targets are part of Ovo Energy's long-term commitment to achieving net-zero emissions by 2050, as recognised by the Science Based Targets initiative (SBTi). The company's climate strategy is cascaded from its parent organization, OVO Energy Ltd, which reinforces its commitment to sustainable practices within the electric utilities sector in Great Britain.