Ovo Energy

Ovo Energy, a UK-based electricity company, reported approximately 9.782 billion kg CO2e in Scope 3 emissions and 1.441 million kg CO2e in market-based Scope 2 emissions for 2023. No Scope 1 emissions data were disclosed for 2023. In 2022, the company disclosed approximately 9.771 billion kg CO2e in Scope 3 emissions and 894,000 kg CO2e in market-based Scope 2 emissions.

Ovo Energy has established Science Based Targets initiative (SBTi) approved targets. The company commits to reducing absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 64.1% by 2030 from a 2018 base year. Additionally, Ovo Energy aims to reduce Scope 3 GHG emissions from all sold electricity by 76.8% per MWh within the same timeframe. Other absolute Scope 3 GHG emissions from fuel and energy-related activities, and emissions from the use of sold products, are targeted for a 50.4% reduction within the same 2018-2030 timeframe. These targets are consistent with reductions required to keep warming to 1.5°C.

Ovo Energy has also committed to achieving net-zero emissions, with a long-term target year of 2050 for Scope 1 and Scope 2 emissions. All disclosed emissions data and climate commitments are directly from Ovo Energy.