Octopus Energy Group Limited

Electric Utilities and Independent Power Producers and Energy Traders (including Fossil, Alternative and Nuclear Energy)

Targets set1.5°CNet-Zero: Targets set

SBTI ID

40014504

Informations générales

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

Objectifs à court terme (Near-Term)
Engagement de réduction des émissions à horizon FY2034

Statut

Targets set

Classification

1.5°C

Année cible

FY2034

Progression vers l'objectif0%
2015 (année de référence)FY2034
Objectifs à long terme (Long-Term)
Engagement de réduction des émissions à horizon FY2040

Statut

Targets set

Classification

1.5°C

Année cible

FY2040

Progression vers l'objectif0%
2015 (année de référence)FY2040
Description complète des objectifs

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.

Net-Zero

Statut

Targets set

Année cible

FY2040

Progression0%
Business Ambition 1.5°C

Statut

BA1.5 member

Date d'engagement

30/09/2021

Classification détaillée

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

Identifiants

LEI

213800Q9ZJB7ZIT7WN80

Note

Expired commitment

Source : Science Based Targets initiative | Données publiques