Octopus Energy Sustainability Profile
Octopus Energy, a leading renewable energy supplier based in Great Britain, has been transforming the energy landscape since its founding in 2015. With its headquarters in London, the company operates across the UK and has expanded its reach into international markets, including Europe and the United States. Specialising in green energy solutions, Octopus Energy offers a range of services, including competitive energy tariffs and innovative technology-driven platforms that enhance customer experience. Their unique approach to energy supply, characterised by transparent pricing and a commitment to sustainability, has positioned them as a market leader in the renewable sector. Notable achievements include rapid growth in customer base and recognition for their exceptional customer service, making Octopus Energy a prominent player in the energy industry.
DitchCarbon Score
How does Octopus 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
Octopus Energy's score of 33 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Octopus Energy's reported carbon emissions
In 2024, Octopus Energy reported total carbon emissions of approximately 2,384,000 kg CO2e, comprising 1,922,000 kg CO2e from Scope 1 and 320,000 kg CO2e from Scope 2 emissions. The previous year, 2023, saw total emissions of about 1,282,000 kg CO2e, with Scope 1 emissions at 899,000 kg CO2e and Scope 2 emissions at 384,000 kg CO2e. In 2022, the company recorded total emissions of approximately 409,000 kg CO2e, with Scope 1 at 306,000 kg CO2e and Scope 2 at 102,000 kg CO2e. Octopus Energy is committed to achieving net-zero emissions across all scopes by 2050, as part of its long-term climate strategy. This commitment is aligned with the Science Based Targets initiative (SBTi), which has been cascaded from its parent company, Octopus Energy Limited. The company has made significant strides in reducing its carbon footprint, evidenced by the substantial decrease in emissions from 2022 to 2023. As a current subsidiary of Octopus Energy Limited, Octopus Energy's climate commitments reflect a broader industry trend towards sustainability in the electric utilities sector, focusing on reducing greenhouse gas emissions and transitioning to renewable energy sources.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 306,000 | 000,000 | 0,000,000 |
| Scope 2 | 102,000 | 000,000 | 000,000 |
| Scope 3 | - | - | - |
How Carbon Intensive is Octopus Energy's Industry?
How Carbon Intensive is Octopus Energy's Location?
Octopus 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.
Octopus Energy has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Octopus Energy's sustainability data and climate commitments