OVO is announcing a new strategic direction for the next ten years, outlined in its Plan Zero. Plan Zero sets out how OVO will transform its business, operations and impact to reducing greenhouse gas emissions.

OVO, currently acquiring provider SSE and creating a combined operation that will be the UK’s second-biggest energy company, will use the Plan to commit itself to mobilise all customers to eliminate their household emissions and halve their total carbon footprint by 2030.

The company will hold itself accountable to science-based targets aligned to a 1.5C increase in global temperatures and will be linking executive remuneration to these carbon targets.

The announcement will be made at the suitable location of the Tate Modern on 19 September where OVO’s CEO and founder Stephen Fitzpatrick will be joined by Professor Mike Berners-Lee, an expert on carbon foot printing. Fitzpatrick commented: “Starting now, we’re going to be measuring ourselves not by how much energy we sell but by how much we move the dial on carbon. We’re mobilising all our customers to form a zero-carbon community and providing them with tools and services they need to help them eliminate the carbon emissions from their homes.

"Putting the needs of customers, employees, community and the planet first undeniably creates a platform for long term commercial success. It is with this knowledge that we begin our next chapter at OVO, continuing our mission to power human progress through clean, affordable energy for everyone."

Share Story: