Electric Utilities and Independent Power Producers and Energy Traders (including Fossil, Alternative and Nuclear Energy)
SBTI ID
40014504
Localisation
United Kingdom
Europe
Secteur d'activité
Electric Utilities and Independent Power Producers and Energy Traders (including Fossil, Alternative and Nuclear Energy)
Type d'organisation
Corporate
Dernière mise à jour
08/05/2025
Statut
Classification
1.5°C
Année cible
FY2034
Statut
Targets set
Classification
1.5°C
Année cible
FY2040
Overall Net-Zero Target: Octopus Energy Group Limited commits to reach net-zero greenhouse gas emissions across the value chain by FY2040. Near-Term Targets: Octopus Energy Group Limited commits to reduce absolute scope 1 GHG emissions 42% by FY2030 from a FY2024 base year. Octopus Energy Group Limited also commits to reduce absolute scope 2 GHG emissions 42% within the same timeframe. Octopus Energy Group Limited further commits to reduce scope 3 GHG emissions from all sold electricity 88% per MWh within the same timeframe. Octopus Energy Group Limited finally commits to reduce absolute scope 3 GHG emissions from the use of sold products for sold fossil fuels 59% by FY2034 from a FY2024 base year. Long-Term Targets: Octopus Energy Group Limited commits to reduce absolute scopes 1 and 2 GHG emissions 90% by FY2040 from a FY2024 base year. Octopus Energy Group Limited also commits to reduce absolute scope 3 GHG emissions 90% within the same timeframe. Octopus Energy Group Limited further commits to reduce absolute scope 3 GHG emissions from use of sold products for sold fossil fuels 90% within the same timeframe. Octopus Energy Group Limited finally commits to maintain scope 3 GHG emissions from all sold electricity 88% per MWh from FY2034 through FY2040 from a FY2024 base year.
Statut
Targets setAnnée cible
FY2040
Statut
BA1.5 memberDate d'engagement
30/09/2021
The targets covering greenhouse gas emissions from company operations (scopes 1 and 2) are consistent with reductions required to keep warming to 1.5°C
LEI
213800Q9ZJB7ZIT7WN80
Expired commitment
Source : Science Based Targets initiative | Données publiques