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 28 is lower than 51% 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 2,382,000 kg CO2e, comprising 1,922,000 kg CO2e from Scope 1 emissions and 462,000 kg CO2e from Scope 2 emissions. The previous year, 2023, saw 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. This indicates a significant increase in emissions from 2023 to 2024. Octopus Energy has set long-term climate commitments, aiming for net-zero emissions across all scopes by 2050. This commitment is part of their Science Based Targets initiative (SBTi) targets, which were established in 2021. The company is classified as a current subsidiary of Octopus Energy Limited, with emissions data cascaded from this parent organization. The company has not disclosed any Scope 3 emissions data, which typically includes indirect emissions from the supply chain and product use. However, their focus on reducing Scope 1 and 2 emissions aligns with industry standards for climate action. Overall, Octopus Energy is actively working towards its climate commitments while navigating the challenges of increasing emissions in recent years.
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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.
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Frequently Asked Questions
Common questions about Octopus Energy's sustainability data and climate commitments