Ovo Group Ltd 2024 AR2
The report highlights OVO Group's progress in 2024 under its Plan Zero sustainability strategy, aiming for net zero by 2035. Key achievements include reaching a 98% electric vehicle fleet, powering 100% of its properties with renewable energy, and launching 'Beyond,' the UK's first Energy Savings Account to reward customers for green choices. OVO also established a first-of-its-kind partnership with Vaillant to lower heat pump running costs and became an early adopter of the Taskforce on Nature-related Financial Disclosures (TNFD). Despite a statutory loss of £135 million due to market adjustments, the company continued to support vulnerable customers with a £50 million Extra Support package.
Company: Ovo Group Ltd
Year: 2024
Type: AR2
Pages: 128
Ovo Group Ltd
Annual Report And Financial Statements
The report highlights OVO Group's progress in 2024 under its Plan Zero sustainability strategy, aiming for net zero by 2035. Key achievements include reaching a 98% electric vehicle fleet, powering 100% of its properties with renewable energy, and launching 'Beyond,' the UK's first Energy Savings Account to reward customers for green choices. OVO also established a first-of-its-kind partnership with Vaillant to lower heat pump running costs and became an early adopter of the Taskforce on Nature-related Financial Disclosures (TNFD). Despite a statutory loss of £135 million due to market adjustments, the company continued to support vulnerable customers with a £50 million Extra Support package.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Women on Board
Women in Management
Net Zero Target
Employees