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Ocado Group PLC

Common Name
Ocado Group
Country
United Kingdom
Sector
Consumer Defensive
Industry
Grocery Stores
Employees
20,261
Ticker
OCDO
Exchange
LONDON STOCK EXCHANGE
Description
Ocado Group plc is a publicly listed technology-driven company specializing in revolutionizing online grocery fulfillment and logistics. Initially established in 2000, Ocado pioneered online grocery s...

Ocado Group's Climate Target Data Preview

As of 2024, Ocado Group has disclosed 5 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 5 intensity-based targets, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Ocado Group's climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Intensity-based Target
Scope 3 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per British Pound Sterling (GBP) of Revenue
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a
2030
Intensity-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per Transaction
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a
2030
Intensity-based Target
Scope 3 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per British Pound Sterling (GBP) of Revenue
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a
2035
Intensity-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per Transaction
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a
2035
Intensity-based Target
Scope 3 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per British Pound Sterling (GBP) of Revenue
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a
2040
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Verified Sources Behind Ocado Group’s Climate Targets Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Ocado Group’s data sources below and access millions more through our Disclosure Search.

a. Ocado Group's Sustainability Report 2024
a. Ocado Group's Sustainability Report 2024

Insights into Ocado Group's Greenhouse Gas Emissions Pathways

As of 2024, Ocado Group has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.a

Does Ocado Group have a target to reduce the emissions from its operations?

As of 2024, Ocado Group has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a

Ocado Group's most ambitious operational target is to reduce these emissions by 97% by 2035, compared to a baseline of 0.003 Metric Tonnes of CO2 equivalent (mtCO2e) per Transaction in 2023.a

Instead of reducing operational emissions, Ocado Group has increased them, with 2024 levels exceeding those of the 2023 baseline, placing the company well behind its reduction target.a

Ocado Group's Operational (Scope 1+2) Emissions Pathway

202320242030203500000Current (+3%)Target 2030 (-40%)Target 2035 (-97%)

Does Ocado Group have a target to reduce the emissions from its value chain?

As of 2024, Ocado Group has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a

Ocado Group's most ambitious value chain target is to reduce these emissions by 97% by 2040, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per British Pound Sterling (GBP) of Revenue in 2023.a

As of 2024, Ocado Group is ahead of schedule on its value chain emissions reduction target, having achieved 33.91% of the planned reduction.a

Ocado Group's Value Chain (Scope 3) Emissions Pathway

2023202420302035204000000BaselineCurrent (-33%)Target 2035 (-80%)Target 2040 (-97%)
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