Climate Change Data

Environmental Metrics

ESG Focus Areas

• Building a sustainable planet
• Empowering people
• Revitalising healthcare

Environmental Achievements

• Invested £3 billion in companies building a sustainable planet.
• Octopus Energy valued at about $5 billion and has attracted investment from some of the world’s most impactful investors.
• Octopus Real Estate has lent more than £5.8 billion across over 4,000 UK residential, commercial, and development loans.
• 4,024,245kg of carbon saved from renting over buying (HURR).
• Reducing the carbon footprint and cost of video streaming by up to 50% (iSize).

Social Achievements

• Octopus MoneyCoach has offered over 100,000 employees a way to talk about their money.
• Octopus Retirement Villages is developing 815 retirement homes across 7 UK developments.
• Aurora Schools is the UK’s fifth largest provider of education, care and support services for young people with special educational needs.
• Rest Less has 870,000 members.
• DeadHappy is the UK’s fastest growing life insurance company.

Governance Achievements

• Octopus became a B Corp in 2021.
• 75% of the business is owned by our founders and our employees, past and present.
• More than 85% of the £12 billion managed is invested across companies building a sustainable planet, empowering people and revitalising healthcare.

Climate Goals & Targets

Environmental Challenges

• Ageing population in the UK and lack of adequate care solutions.
• Mental health issues are endemic among younger generations.
• Climate change and the need to transition to a low-carbon economy.
• Inequality and lack of access to empowering products and services.
• High carbon emissions from the fashion and streaming industries.

Mitigation Strategies

• Investing in companies developing solutions for sustainable energy, efficient buildings, and carbon accounting.
• Developing retirement villages and care homes.
• Investing in companies providing mental health support and financial wellbeing services.
• Supporting companies that empower people and build stronger communities.
• Investing in companies that promote circular economy models in fashion and efficient video streaming.

Supply Chain Management

Responsible Procurement

• Paying suppliers on time.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: B Corp

Environmental Metrics

ESG Focus Areas

• Climate Change
• Social Impact
• Governance

Environmental Achievements

• Achieved a B Corp™ score of 122 points, significantly exceeding the 80-point threshold and their initial target of top 10% globally.
• Investing £15bn in green energy over the next 5 years.
• Developing Sierra Leone’s first wind farm.
• Collaborating on a project to bring renewable power from Morocco to 7m homes in the UK via subsea cables.

Social Achievements

• Octopus Giving achieved nearly 15,000 hours of volunteering, impacting initiatives like banning plastic wet wipes.
• Launched new charity partnerships with Refettorio Felix and Fields in Trust.
• Amicable provided online divorce and separation services, helping couples navigate separation more efficiently and affordably.
• Octopus Legacy helped over 250,000 people plan for death and find support after loss.
• Accelerated delivery of high-quality, genuinely affordable homes in partnership with Housing Associations and Local Authorities.
• Built 6,310 quality care beds across the UK.
• Bloom provided career coaching and mentoring to energise and inspire career growth.
• Cobee offered an all-in-one benefits platform, improving employee satisfaction and reducing admin costs.
• Pelago provided virtual substance use care for workers.
• Mojo offered an app dedicated to solving psychological issues surrounding sexual wellbeing.

Governance Achievements

• All Octopus companies aspire to achieve B Corp™ certification.
• Changed Articles of Association to reflect B Corp™ values.
• Participated in the Science-Based Targets initiative (SBTi) pilot for financial institutions.

Climate Goals & Targets

Environmental Challenges

• Shortage of affordable homes in the UK.
• Lack of adequate care solutions for older people.
• Inadequate career education for young adults.
• High cost of energy and lack of trust in energy companies.
• Legacy technology in financial services.
• Climate change and its impact on various sectors.

Mitigation Strategies

• Investing in affordable housing and care homes.
• Providing career coaching and mentoring.
• Offering fair energy prices and excellent customer service.
• Developing innovative technology platforms for financial services.
• Investing heavily in renewable energy sources.

Supply Chain Management

Responsible Procurement

• Collective buying power for food supply chain (Collectiv Food).

Climate-Related Risks & Opportunities

Physical Risks

• Sea level rise

Transition Risks

• Regulatory changes in energy sector

Opportunities

• Renewable energy investment

Reporting Standards

Frameworks Used: B Corp™

Certifications: ISO 14001

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 13 (Climate Action)

Investments in renewable energy, affordable housing, and sustainable food systems.

Sustainable Products & Innovation

• Renewable energy projects
• Technology platforms for financial services

Awards & Recognition

• Which? Recommended Provider