Target · Long-term · 3 — Other
2024 → 2040 · published 2025-05-08
Octopus Energy Group Limited commits to reduce absolute scope 3 GHG emissions from use of sold products for sold fossil fuels 90% by FY2040 from a FY2024 base year.
SBTi company profile · UK
Octopus Energy Group Limited
Electric Utilities and Independent Power Producers and Energy Traders (including Fossil, Alternative and Nuclear Energy) Corporate
Validated Targets
Data: Science Based Targets initiative Target Dashboard, as at 2026-10-08
LocationUnited Kingdom of Great Britain and Northern Ireland
RegionNorthern Europe
SectorElectric Utilities and Independent Power Producers and Energy Traders (including Fossil, Alternative and Nuclear Energy)
Organisation typeCorporate
Near-term statusValidated Targets
Near-term target1.5°C · 2034
Long-term statusValidated Targets
Long-term target1.5°C · 2040
Net-zero statusValidated Targets
Net-zero target year2040
Business Ambition for 1.5°CBA1.5 member
ISIN in SBTi dataNo
SBTi status reason: Expired commitment
Published records
Targets and commitments
The records below are reproduced from the Science Based Targets initiative Target Dashboard. A validated target is not evidence that emissions have fallen; progress requires the company’s reported emissions.
Target · Net-zero · 1+2+3 — Other
2024 → 2040 · 1.5°C · published 2025-05-08
Octopus Energy Group Limited commits to reach net-zero greenhouse gas emissions across the value chain by FY2040.
Target · Near-term · 1 — Other
2024 → 2030 · 1.5°C · published 2025-05-08
Octopus Energy Group Limited commits to reduce absolute Scope 1 GHG emissions 42% by FY2030 from a FY2024 base year.
Target · Near-term · 2 — Other
2024 → 2030 · 1.5°C · published 2025-05-08
Octopus Energy Group Limited commits to reduce absolute scope 2 GHG emissions 42.00% by FY2030 from a FY2024 base year.
Target · Near-term · 3 — Other
2024 → 2030 · published 2025-05-08
Octopus Energy Group Limited commits to reduce Scope 3 emissions from all sold electricity 88% per MWh by FY2030 from a FY2024 base year
Target · Near-term · 3 — Other
2024 → 2034 · published 2025-05-08
Octopus Energy Group Limited 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.
Target · Long-term · 1+2 — Other
2024 → 2040 · 1.5°C · published 2025-05-08
Octopus Energy Group Limited commits to reduce absolute scopes 1 and 2 GHG emissions 90% by FY2040 from a FY2024 base year.
Target · Long-term · 3 — Other
2024 → 2040 · published 2025-05-08
Octopus Energy Group Limited commits to maintain scope 3 GHG emissions from all sold electricity 88% per MWh from FY2034 through FY2040 from a FY2024 base year.
Target · Long-term · 3 — Other
2024 → 2040 · published 2025-05-08
Octopus Energy Group Limited commits to reduce absolute scope 3 GHG emissions 90% by FY2040 from a FY2024 base year.
Commitment — Validated Targets
Commitment — Validated Targets