Octopus Energy
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 24 is lower than 57% 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 4,160,000 kg CO2e, comprising 1,922,000 kg CO2e from Scope 1 and 2,384,000 kg CO2e from Scope 2 emissions. The Scope 1 emissions primarily stemmed from mobile combustion, accounting for about 1,853,000 kg CO2e. In 2023, the company recorded 899,000 kg CO2e in Scope 1 emissions, indicating a significant increase in emissions in 2024. For the year 2022, Octopus Energy's total emissions were approximately 1,638,000 kg CO2e, with Scope 1 emissions at 108,000 kg CO2e and Scope 2 emissions at 1,100,000 kg CO2e. Notably, Scope 3 emissions were substantial, reaching about 1,420,000 kg CO2e, primarily from business travel. Octopus Energy has committed to achieving net-zero emissions across all scopes by 2050, as part of its long-term climate strategy. This commitment aligns with the Science Based Targets initiative (SBTi), which underscores the company's dedication to reducing its carbon footprint in the energy sector. The company is actively working towards these targets, although specific near-term reduction goals have been removed. Overall, Octopus Energy's emissions data reflects a complex landscape of carbon output, with ongoing commitments to sustainability and climate action in the energy industry.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 182,000 | 000,000 | 000,000 | 0,000,000 |
| Scope 2 | 147,500 | 000,000 | - | 0,000,000 |
| Scope 3 | 2,518,500 | 0,000,000 | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Octopus Energy is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
