Discovery Limited is a South African company that operates in the life insurance sector. Founded in 1992, the company has grown to become a leading provider of life, health, and wellness insurance products in South Africa and around the world. Discovery's mission is to make people healthier and enhance and protect their lives through its innovative products and services.

One of the key areas of focus for Discovery is decarbonisation. The company recognizes the urgent need to reduce greenhouse gas emissions and mitigate the impacts of climate change. To this end, Discovery has set ambitious targets to reduce its carbon footprint and transition to renewable energy sources.

One of the ways in which Discovery is working towards decarbonisation is through its corporate energy strategy. The company is committed to reducing its energy consumption and increasing its use of renewable energy sources. To achieve this, Discovery has implemented a range of energy-saving measures, such as energy-efficient lighting and HVAC systems, and has invested in renewable energy technologies such as solar panels and wind turbines.

Another important aspect of Discovery's energy strategy is its corporate power purchase agreements (PPAs). A PPA is a contract between a company and a renewable energy provider that guarantees a fixed price for electricity over a set period of time. By entering into PPAs, companies like Discovery can secure a reliable and affordable source of renewable energy while also supporting the development of new renewable energy projects.

In 2020, Discovery signed its first corporate PPA with a wind farm in the Eastern Cape province of South Africa. The PPA will provide Discovery with 15% of its electricity needs from renewable sources and will help to reduce the company's carbon footprint by over 5,000 tons of CO2 per year.

In addition to its energy strategy, Discovery is also committed to promoting sustainability across its business operations. The company has implemented a range of initiatives to reduce waste, conserve water, and promote sustainable practices among its employees and suppliers.

One example of Discovery's sustainability initiatives is its "Greening Discovery" program. This program aims to reduce the company's environmental impact by encouraging employees to adopt sustainable practices in the workplace and at home. The program includes initiatives such as recycling, energy-saving measures, and sustainable transport options.

Overall, Discovery Limited is a company that is committed to promoting sustainability and decarbonisation in the life insurance sector. Through its energy strategy, corporate PPAs, and sustainability initiatives, Discovery is working towards a more sustainable future for South Africa and the world.