About Us

Our journey

In 2021, Discovery set the ambitious goal of achieving carbon neutrality by 2025. As a financial services organisation operating primarily in office buildings, we found that 80% of our emissions were because of our electricity use. To reduce our electricity consumption, we applied Discovery's behaviour-change expertise to the problem but quickly realised that the scope for reduction was limited. The solution was in the source of electricity generation.

In exploring our wheeling and decarbonisation strategy, we discovered a unique opportunity to completely change how businesses purchased renewable energy. The inherent challenge was the variable nature of renewable energy generation and business consumption and how these profiles could be matched as closely as possible. We believed we had the necessary skill set to fundamentally shift the risk profile of renewable energy generation and delivery. By leveraging traditional insurance principles of risk pooling and diversification, we developed the Discovery Green renewable energy platform along with Discovery's closest corporate partners. A few years later, Discovery Green signed South Africa's largest private renewable energy procurement agreement.

We believe we have a crucial role to play in South Africa's decarbonisation journey and look forward to making South Africa's rich solar and wind resources available to energy consumers across the country.