Potential offtaker

Old Mutual Ltd

www.oldmutual.co.za

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Which other companies from South Africa are actively involved in decarbonization initiatives?
  • Exxaro Resources Limited
  • Eskom Holdings SOC Ltd
  • Naspers Limited
  • Emira Property Fund Ltd
  • NORTHAM PLATINUM
  • SASOL LTD
  • Old Mutual Ltd is a South African financial services company that operates in the Other Financial Services sector. The company has a long history of providing financial solutions to individuals and businesses in South Africa and beyond. Old Mutual Ltd is committed to sustainable business practices and has made significant strides in decarbonisation and renewable energy.

    Decarbonisation is a key focus for Old Mutual Ltd. The company recognises the urgent need to reduce greenhouse gas emissions and mitigate the impacts of climate change. To this end, Old Mutual Ltd has set ambitious targets to reduce its carbon footprint. The company has committed to reducing its Scope 1 and 2 emissions by 50% by 2030 and to achieve net-zero emissions by 2050.

    Old Mutual Ltd has implemented a range of measures to achieve these targets. The company has invested in energy-efficient buildings and equipment, implemented green procurement policies, and encouraged employees to adopt sustainable practices. In addition, Old Mutual Ltd has implemented a carbon offset programme to offset its remaining emissions.

    Corporate energy is another area of focus for Old Mutual Ltd. The company recognises the importance of energy efficiency and renewable energy in reducing its carbon footprint and achieving its sustainability goals. Old Mutual Ltd has implemented a range of measures to reduce its energy consumption, including energy-efficient lighting, building automation systems, and employee engagement programmes.

    In addition, Old Mutual Ltd has invested in renewable energy projects to reduce its reliance on fossil fuels. The company has installed solar panels on its buildings and has invested in wind and solar projects in South Africa and other countries. Old Mutual Ltd has also signed power purchase agreements (PPAs) with renewable energy developers to secure a reliable and cost-effective source of renewable energy.

    Corporate PPAs are an important tool for companies like Old Mutual Ltd to achieve their renewable energy goals. A PPA is a contract between a renewable energy developer and a company that commits the company to purchase a certain amount of renewable energy at a fixed price for a set period of time. This provides the developer with a predictable revenue stream and allows the company to secure a reliable and cost-effective source of renewable energy.

    Old Mutual Ltd has signed several corporate PPAs with renewable energy developers in South Africa and other countries. These agreements have enabled the company to increase its use of renewable energy and reduce its reliance on fossil fuels. In addition, the PPAs have provided a stable and predictable source of renewable energy, which has helped to reduce the company's exposure to volatile energy prices.

    Renewable energy is a key focus for Old Mutual Ltd. The company recognises the importance of transitioning to a low-carbon economy and has made significant investments in renewable energy projects. In addition to its investments in solar and wind projects, Old Mutual Ltd has also invested in other forms of renewable energy, such as biomass and geothermal.

    Old Mutual Ltd has also supported the development of renewable energy in South Africa and other countries. The company has provided financing and other support to renewable energy developers, which has helped to accelerate the deployment of renewable energy projects. In addition, Old Mutual Ltd has advocated for policies and regulations that support the development of renewable energy and decarbonisation.

    In conclusion, Old Mutual Ltd is a South African financial services company that is committed to sustainable business practices. The company has made significant strides in decarbonisation and renewable energy, and has set ambitious targets to reduce its carbon footprint. Old Mutual Ltd has implemented a range of measures to achieve these targets, including energy-efficient buildings and equipment, green procurement policies, and carbon offset programmes. The company has also invested in renewable energy projects and signed corporate PPAs with renewable energy developers. Old Mutual Ltd is a leader in sustainable business practices and is helping to drive the transition to a low-carbon economy.

    ✓ Declared Net Zero commitment