OUTsurance Group Limited is a South African company that operates in the life insurance sector. The company was founded in 1998 and has since grown to become one of the leading insurance providers in South Africa. OUTsurance Group Limited is committed to sustainability and has taken several steps to reduce its carbon footprint and promote renewable energy.

Decarbonisation is a key focus area for OUTsurance Group Limited. The company recognizes the urgent need to reduce carbon emissions and mitigate the impact of climate change. To this end, OUTsurance has implemented several initiatives to reduce its carbon footprint. The company has set a target to reduce its carbon emissions by 50% by 2030. This target is in line with the Paris Agreement, which aims to limit global warming to below 2 degrees Celsius.

One of the ways OUTsurance is reducing its carbon footprint is by investing in renewable energy. The company has installed solar panels at its head office in Centurion, South Africa. The solar panels generate clean energy and reduce the company's reliance on fossil fuels. The solar panels have a capacity of 1.2 MW and generate approximately 2,000 MWh of electricity per year. This is equivalent to the annual energy consumption of 400 households.

In addition to investing in renewable energy, OUTsurance is also exploring the use of corporate power purchase agreements (PPAs). A corporate PPA is a long-term agreement between a company and a renewable energy provider. The agreement allows the company to purchase renewable energy at a fixed price for a specified period. This provides the renewable energy provider with a stable income stream, while the company benefits from lower energy costs and reduced carbon emissions.

OUTsurance is currently exploring the use of corporate PPAs to purchase renewable energy from wind and solar farms in South Africa. The company believes that corporate PPAs can help accelerate the transition to renewable energy and reduce the country's reliance on fossil fuels. By purchasing renewable energy through corporate PPAs, OUTsurance can reduce its carbon footprint and contribute to the decarbonisation of the South African economy.

Corporate energy management is another area of focus for OUTsurance. The company is committed to reducing its energy consumption and improving its energy efficiency. To this end, OUTsurance has implemented several energy-saving measures at its head office. These include the installation of energy-efficient lighting, the use of motion sensors to control lighting and air conditioning, and the implementation of a building management system to monitor and control energy use.

OUTsurance has also implemented a green travel policy to reduce the carbon emissions associated with business travel. The policy encourages employees to use public transport, carpool, or cycle to work. The company provides incentives such as free bicycle parking and shower facilities to encourage employees to cycle to work. The green travel policy has helped reduce the company's carbon footprint and promote sustainable transport.

In conclusion, OUTsurance Group Limited is a South African company that operates in the life insurance sector. The company is committed to sustainability and has taken several steps to reduce its carbon footprint and promote renewable energy. OUTsurance has set a target to reduce its carbon emissions by 50% by 2030 and is investing in renewable energy, exploring the use of corporate PPAs, and implementing energy-saving measures at its head office. The company's green travel policy also promotes sustainable transport and helps reduce carbon emissions associated with business travel. OUTsurance's commitment to sustainability demonstrates its leadership in the insurance sector and its contribution to the decarbonisation of the South African economy.