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Discovery Ltd

Common Name
Discovery
Country
South Africa
Sector
Financial Services
Industry
Insurance - Life
Employees
N/A
Ticker
DSY
Exchange
Johannesburg Stock Exchange
Description
Discovery Ltd is a leading financial services company that primarily engages in the provision of health insurance and investment products. The company's core mission is to enhance and protect the live...

Discovery's GHG Emissions Data Preview

In 2025, Discovery completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Discovery has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2025202420232022-2019
Total Scope 1
2,045a
2,200a
2,485a
Total Scope 2
Market-Based
22,649a
25,378a
26,801a
Location-Based
22,895a
25,716a
27,145a
Total Scope 3
28,587a
27,255a
28,466a
Total Scope 1 Revenue Intensity (tCO2e/$M)
0.4369a
0.5351a
0.7091a
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Verified Sources Behind Discovery’s Greenhouse Gas (GHG) Emissions Data

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a. Discovery's Financial & Extra-Financial Data Spreadsheet 2025

Insights into Discovery's Operational Emissions

In 2025, the total operational greenhouse gas (GHG) emissions of Discovery amounted to 24,940 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2024, the total operational greenhouse gas (GHG) emissions of Discovery decreased by 10.66%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Discovery's Scope 1 Emissions Over Time

201920202021202220232024202506501.3 k1.95 k2.6 ktCO2e+28%-38%+20%+44%-11%-7%
  • Total Scope 1
  • Year-over-Year Change

What are Discovery's Scope 1 emissions?

In 2025, the total Scope 1 emissions of Discovery were 2,045 metric tons of CO₂ equivalent (tCO₂e).a

Has Discovery reduced its Scope 1 emissions over time?

Since 2019, Discovery's Scope 1 emissions have increased by 12.98%, reflecting a rising long-term trend in Scope 1 emissions over time.a

Compared to the previous year (2024), Discovery's Scope 1 emissions decreased by 7.05%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are Discovery's Scope 2 emissions?

In 2025, Discovery reported Scope 2 greenhouse gas (GHG) emissions of 22,649 tCO₂e using the market-based method and 22,895 tCO₂e using the location-based method.a

Has Discovery reduced its Scope 2 emissions over time?

Since 2019, Discovery's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 32.52%, reflecting a declining long-term trend in Scope 2 emissions over time.a

Compared to the previous year (2024), Discovery's Scope 2 emissions (Location-Based) fell by 10.97% in 2025, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a

What methodology does Discovery use for Scope 2 reporting?

In 2025, Discovery reported its Scope 2 emissions using the market-based method and using the location-based method.a

Discovery's Scope 2 Emissions Over Time

201920202021202220232024202509 k18 k27 k36 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Discovery's Value Chain Emissions

In 2025, Discovery reported 28,587 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2025 disclosure of Discovery includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2024, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

Discovery's Scope 3 Emissions Over Time

201920202021202220232024202507.5 k15 k22.5 k30 ktCO2e-25%-61%+199%+23%-4%+5%
  • Total Scope 3
  • Year-over-Year Change

What are Discovery's Scope 3 emissions?

In 2025, Discovery reported total Scope 3 emissions of 28,587 metric tons of CO₂ equivalent (tCO₂e).a

Approximately 95.41% of these emissions originated from upstream activities such as purchased goods and capital goods, while 4.59% came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Discovery reduced its Scope 3 emissions over time?

Since 2019, Discovery's Scope 3 emissionshave remained relatively stable, indicating that Discovery's emissions have plateaued with no significant change in its value chain footprint.a

Compared to the previous year (2024), Discovery's Scope 3 emissions remained relatively stable, indicating that Discovery's emissions have plateaued with no significant change in its value chain footprint.a

What categories of Scope 3 emissions does Discovery disclose?

In 2025, Discovery reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Discovery's Scope 3 emissions?

In 2025, the largest contributors to Discovery's Scope 3 emissions were:a

  • Employee Commuting (Cat. 7): 13,575 tCO₂e (47.49%)
  • Fuel- and Energy-Related Services (Cat. 3): 7,096 tCO₂e (24.82%)
  • Business Travel (Cat. 6): 5,217 tCO₂e (18.25%)

Discovery's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(24.8%)Employee Commuting(Cat. 7)(47.5%)Business Travel(Cat. 6)(18.2%)

Insights into Discovery’s GHG Emissions Intensity Compared to Industry Peers

In 2025, Discovery reported Scope 1 greenhouse gas (GHG) emissions of 2,045 tCO₂e and total revenues of USD 4,681 millions. This translates into an emissions intensity of 0.44 tCO₂e per millions USD.a

Discovery's Scope 1 Emissions Intensity Compared to Peers

1005005,00050,000500,000Scope 1 Emissions (tCO2e)5002,00010,000100,000500,000Revenues (Millions of USD)Standard LifeYear: 2024Scope 1: 2,111 tCO2eRevenue: $M 24,490Scope 1 Intensity: 0.09 tCO2e/$MGlobe LifeYear: 2024Scope 1: 1,459 tCO2eRevenue: $M 5,778Scope 1 Intensity: 0.25 tCO2e/$MHDFC Life InsuranceYear: 2025Scope 1: 227 tCO2eRevenue: $M 11,345Scope 1 Intensity: 0.02 tCO2e/$MUnum GroupYear: 2024Scope 1: 5,634 tCO2eRevenue: $M 12,790Scope 1 Intensity: 0.44 tCO2e/$MCNP AssurancesYear: 2024Scope 1: 1,753 tCO2eRevenue: $M 4,015Scope 1 Intensity: 0.44 tCO2e/$MKGI Financial HoldingYear: 2024Scope 1: 1,525 tCO2eRevenue: $M 2,295Scope 1 Intensity: 0.66 tCO2e/$MSBI Life InsuranceYear: 2025Scope 1: 4,109 tCO2eRevenue: $M 13,686Scope 1 Intensity: 0.30 tCO2e/$MDaiichi Life GroupYear: 2024Scope 1: 26,068 tCO2eRevenue: $M 69,256Scope 1 Intensity: 0.38 tCO2e/$MNew China Life InsuranceYear: 2023Scope 1: 2,389 tCO2eRevenue: $M 9,865Scope 1 Intensity: 0.24 tCO2e/$MPrudentialYear: 2024Scope 1: 1,562 tCO2eRevenue: $M 16,203Scope 1 Intensity: 0.10 tCO2e/$MPrudential FinancialYear: 2024Scope 1: 13,609 tCO2eRevenue: $M 70,659Scope 1 Intensity: 0.19 tCO2e/$MChina Pacific Insurance GroupYear: 2024Scope 1: 44,275 tCO2eRevenue: $M 55,068Scope 1 Intensity: 0.80 tCO2e/$MPower Corporation of CanadaYear: 2024Scope 1: 9,333 tCO2eRevenue: $M 22,920Scope 1 Intensity: 0.41 tCO2e/$MSamsung Life InsuranceYear: 2024Scope 1: 32,288 tCO2eRevenue: $M 16,285Scope 1 Intensity: 1.98 tCO2e/$MCathay Financial HoldingYear: 2024Scope 1: 8,602 tCO2eRevenue: $M 11,018Scope 1 Intensity: 0.78 tCO2e/$MFubon Financial HoldingYear: 2024Scope 1: 4,026 tCO2eRevenue: $M 10,595Scope 1 Intensity: 0.38 tCO2e/$MMetLifeYear: 2024Scope 1: 10,611 tCO2eRevenue: $M 69,947Scope 1 Intensity: 0.15 tCO2e/$MLICYear: 2025Scope 1: 27,014 tCO2eRevenue: $M 104,221Scope 1 Intensity: 0.26 tCO2e/$MGreat-West LifecoYear: 2024Scope 1: 5,876 tCO2eRevenue: $M 24,141Scope 1 Intensity: 0.24 tCO2e/$MAflacYear: 2024Scope 1: 2,850 tCO2eRevenue: $M 19,128Scope 1 Intensity: 0.15 tCO2e/$MManulife FinancialYear: 2023Scope 1: 140,202 tCO2eRevenue: $M 31,959Scope 1 Intensity: 4.39 tCO2e/$MAIA GroupYear: 2024Scope 1: 2,566 tCO2eRevenue: $M 31,255Scope 1 Intensity: 0.08 tCO2e/$MPing AnYear: 2024Scope 1: 28,158 tCO2eRevenue: $M 125,593Scope 1 Intensity: 0.22 tCO2e/$MChina Life InsuranceYear: 2024Scope 1: 95,978 tCO2eRevenue: $M 70,185Scope 1 Intensity: 1.37 tCO2e/$MSanlamYear: 2025Scope 1: 1,523 tCO2eRevenue: $M 16,885Scope 1 Intensity: 0.09 tCO2e/$MDiscoveryYear: 2025Scope 1: 2,045 tCO2eRevenue: $M 4,681Scope 1 Intensity: 0.44 tCO2e/$M

How does Discovery's GHG emissions intensity compare to its peers?

In 2025, Discovery reported a Scope 1 emissions intensity of 0.44 tCO₂e per millions USD. Compared to the peer group median of 0.26, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Discovery rank on GHG emissions intensity within its industry?

In 2025, Discovery ranked 19 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

Discovery is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into Discovery's Total Carbon Footprint

In 2025, Discovery reported a total carbon footprint of 53,527 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.98% decrease compared to 2024, indicating progress in reducing its overall greenhouse gas output.a

The largest contributor to Discovery's total carbon footprint was Scope 3 emissions, accounting for 53.41% of the company's total carbon footprint, followed by Scope 2 emissions at 42.77%.a

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