Intuit Partners with Octopus Energy to Provide Renewable Options to UK QuickBooks Employees & Customers
February 02 2021 - 6:00AM
Business Wire
Intuit Inc. (Nasdaq:INTU), a global technology platform that
helps its customers and communities overcome their most important
financial challenges, has announced its first partnership to
empower its employees and QuickBooks Online (QBO) customers in the
UK to transition to renewable energy as part of its 2030 climate
positive goal. Intuit has teamed up with the UK’s largest renewable
energy provider, Octopus Energy, to provide alternative energy
solutions, including solar, wind and water to its employees and
customers.
A first of its kind for Intuit, the program engages key
stakeholder groups in a concerted step toward reducing global
greenhouse gas emissions by 50 times the company’s overall 2018
output by 2030. This climate positive pursuit follows the
completion of Intuit’s goal of being 100% powered by renewable
energy in 2020, 10 years ahead of its 2030 target. This is an
important step in the company’s efforts to further improve its
footprint, moving beyond its direct impact and promoting
sustainability outside of its four walls.
The company is measuring the impact of this climate-positive
goal for employees, customers, communities and partners, working
with each group to find ways to collectively act on climate change.
If just 1% of UK QBO customers switch to 100% renewable electricity
with Octopus Energy, it will reduce carbon emissions by 30,000
metric tonnes per year, larger than Intuit's current carbon
footprint for its global operations.
“At Intuit, we know we need to look beyond at our own operations
to achieve the global reduction target of 1.5°C, working together
across our entire value chain,” said Sean Kinghorn, global
sustainability leader at Intuit. “Through this partnership with
Octopus Energy, we’re making it easy for our employees and
customers to choose sustainable alternatives in their daily lives,
helping move the needle to save our planet.”
Connected by Intuit’s platform, employees and QuickBooks
customers in the UK may sign up through Octopus Energy’s affiliate
links to receive energy credits toward their utility bills.
Employees will receive £25 ($34 USD) per fuel type as credit and
customers will receive £100 ($136 USD) credit, whether they are a
single or dual fuel customer. Those who take advantage of the
opportunity can receive additional energy credits through Octopus’
referral program, multiplying their impact.
“Our investment in renewable energy technology is demonstrating
that a collective, consumer-driven energy revolution is the
cheapest, quickest way to go green and reduce global emissions at
scale,” said Octopus Energy for Business CEO, Zoisa Walton. “It’s
partnerships with brands like Intuit that enable sustainable
alternatives to become an everyday solution for businesses and
households alike.”
Since launching in 2016, Octopus has been on a mission to make
the green energy revolution affordable whilst transforming customer
experience. By establishing similar partnerships, it has been able
to reach and serve over 1.8 million customers across the UK with
cheaper, greener power. This partnership is part of Intuit’s
climate positive commitment to empower its broader ecosystem to
collectively work toward creating a more sustainable future. To
learn more about Intuit’s sustainability efforts, visit
Intuit.com.
About Intuit
Intuit’s mission is to power prosperity around the world. We are
a mission-driven, global financial platform company with products
including TurboTax, QuickBooks, and Mint, designed to empower
consumers, self-employed and small businesses to improve their
financial lives. Our platform and products help customers get more
money with the least amount of work, while giving them complete
confidence in their actions and decisions. Our innovative ecosystem
of financial management solutions serves more than 50 million
customers worldwide. Please visit us for the latest news and
in-depth information about Intuit and its brands and find us on
social.
About Octopus Energy
Octopus Energy Group was launched in 2016 with a vision of using
technology to make the green energy revolution affordable whilst
transforming customer experiences. Its domestic energy arm already
serves 1.8 million customers with cheaper greener power. Octopus
Energy for Business manages over 20,000 business customers with
proprietary energy offerings. Octopus Electric Vehicles is helping
make clean transport cheaper and easier, and Octopus Energy
Services is bringing smart products to thousands of homes.
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Kylie Grader Kylie_grader@intuit.com
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