Commercial, Energy Efficiency, GHG Emissions  -  May 11, 2023

Discover Targets 50% Emissions Reduction

Discover, a digital banking and payment services company established a goal to lower its Scope 1 and Scope 2 GHG emissions by 50% from the 2017 baseline by 2030. 

The company plans to maximize building efficiency through lighting upgrades and equipment replacements, improve building automation and set point optimization, make behavioral changes, implement retro-commissioning processes for existing building systems, evaluate electrification to reduce the use of fossil fuels and explore onsite solar and offsite renewable energy investments such as a Virtual Power Purchase Agreement.

In 2022, Discover achieved a 29% reduction in its Scope 1 and 2 emissions. The company plans to conduct assessments and build out a roadmap with additional goals, including resource conservation, by the end of 2023.

Details were provided in Discover's first Environmental, Social, and Governance (ESG) report.

“The release of our first ESG report is a significant milestone for us at Discover and communicating our ESG efforts transparently is a priority. The activities highlighted in this report allow us to fully deliver on our mission to help people have brighter financial futures. Long before we had formal programs, actions led by our Discover Values and Behaviors gave us a strong foundation for progress,” said Matt Johanson, Chief ESG Officer & Senior Vice President of Social Impact at Discover, in a statement.