The Goals call for action to address significant economic, social and environmental challenges such as poverty, inequality, health and wellbeing and climate action.
Suncorp's sustainable business activity contributes to many of the Goals and we recognise that we have the greatest impact on the below.
#5. Gender Equality
Suncorp’s Diversity and Inclusion Policy outlines our commitment to promoting diversity in the workplace and fostering equitable opportunities and fair treatment of all our people.
5.5
Ensure women’s full and effective participation and equal opportunities for leadership at all levels of decision making in political, economic and public life
5.9
Adopt and strengthen sound policies and enforceable legislation for the promotion of gender equality and the empowerment of women and girls at all levels
#Our progress
Reduced gender pay gap in FY21
Recognised by WGEA (Workplace Gender Equality Agency) as an Employer of Choice for gender equality for the eighth year running
#Our 2020-21 performance
Women in leadership roles exceeded FY21 target and increased from 51% to 52%
60% Women in total workforce
#7. Affordable and Clean Energy
Suncorp’s Environmental Performance Plan sets out our priorities for becoming a low-emissions and resource-efficient organisation.
Through our Responsible Investment Policy we seek opportunities to engage in impact investing, including green bonds, renewable energy infrastructure and climate change adaptation and mitigation innovations.
7.2
By 2030, increase substantially the share of renewable energy in the global energy mix
7.3
By 2030, double the global rate of improvement in energy efficiency
#Our progress
Through Renewable Energy Strategy and RE100 commitment we will source 100% renewable electricity by 2025
Entered into four-year renewable energy agreement for our large Australian sites which will provide over 50% of our total electricity from renewable sources
Continued to implement our Waste Management Strategy
Continued to implement our Renewable Energy Strategy
#Our 2020-21 performance
99% of Suncorp New Zealand’s electricity purchased from renewable sources
Installed rooftop solar at eight sites
#8. Decent Work and Economic Growth
Suncorp’s Supplier Code of Practice details the standards expected of suppliers in relation to human rights and workplace conditions.
This includes ensuring that no forced labour, child labour or involuntary labour is used, and complying with Australian Modern Slavery Act requirements. Suncorp’s Code of Conduct and Responsible Investment Policy also incorporate statements on respecting human rights.
Suncorp’s Financial Inclusion Action Plan aims to improve access to suitable and affordable products and services for all Australians, and better support customers experiencing vulnerability.
8.3
Promote development-orientated policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage growth of micro-, small- and medium-sized businesses
8.7
Take immediate and effective measures to eradicate forced labour, end modern slavery and human trafficking secure the prohibition and elimination of the worst forms of child labour.
8.10
Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all
#Our progress
Published first Modern Slavery Statement in February 2021 for FY20
Suncorp’s Code of Conduct was updated to reference modern slavery and human rights and our procurement and outsourcing policies were also updated to consider modern slavery
Delivered first-in-New Zealand training in partnership with Shine and Lifeline Aotearoa, to build the capability of customer-facing employees in responding to severe cases of vulnerability
Partnered with Good Shepherd New Zealand to pilot Drive, a low-cost comprehensive car insurance product for customers on limited incomes
#Our 2020-21 performance
100% of new and 100% of material and strategic suppliers in Australia accepted Supplier Code of Practice
Increased the number of customers with Essentials by AAI Insurance from 5,389 to 5,829
#10. Reduced Inequalities
Suncorp’s Financial Inclusion Action Plan outlines our actions to build the financial resilience and wellbeing of our customers and the broader community.
Our Reconciliation Action Plan aims to strengthen relationships, deepen respect for our First Nations Peoples’ rich history, cultures and achievements, and promote sustainable opportunities within our sphere of influence.
10.2
By 2030, empower and promote the social, economic and political inclusion of all, irrespective of age, sex, disability, race, ethnicity, origin, religion or economic or other status.
#Our progress
Continue to grow our Employee Resource Groups, which provide the opportunity for employees to come together around a common purpose, interest or background
Established new partnership with Firesticks Alliance Indigenous Corporation to increase economic participation of Aboriginal and Torres Strait Islander peoples and build the natural hazard resilience of communities in bushfire-prone areas
Introduced a frequent employee feedback platform called The Loop, which allows employees to respond to factors impacting their experience and engagement
Launched second RAP, which was endorsed by Reconciliation Australia as an 'Innovate' RAP
#Our 2020-21 performance
Announced first phase of enhancements to our parental leave policy to strengthen the support and flexibility available to working and prospective parents
Provided six internships through our partnership with CareerTrackers and recruited 59 people who identify as First Nations
Provided summer internships to seven Maori and Pasifika students in partnership with TupuToa
#11. Sustainable Cities and Communities
Suncorp seeks to innovate and optimise economic, social and environmental outcomes throughout our business and value chain.
11.5
By 2030, substantially decrease the direct economic losses relative to global gross domestic product caused by disasters, including water-related disasters, with a focus on protecting people in vulnerable situations.
11.9
By 2020, substantially increase the number of cities and human settlements adopting and implementing integrated policies and plans towards inclusion, resource efficiency, mitigation and adaptation to climate change and resilience to disasters.
#Our progress
Continued providing discounted insurance premiums for North Queensland homeowners who make their properties more resilient to natural hazards and disasters through the Suncorp Cyclone Resilience Benefit
Conducted climate scenario analyses over the past three years, building sophistication in line with industry guidance and developments in scientific research
Launched One House initiative to design, prototype and test one of Australia’s most natural disaster-resilient homes
In response to COVID-19, transitioned to a hybrid model of working, maximising productivity while enabling flexibility in the way we work
Launching a dedicated grants program in 2021 to support Australian communities impacted by significant natural disasters in their long-term recovery and resilience building
Introduced industry-first Build it Back Better home insurance feature that offers additional recommended resilience options to help protect against severe weather
#Our 2020-21 performance
Became Principal Community Partner of the Queensland SES to help communities respond and recover from weather events
Partnered with the Foundation for Rural & Regional Renewal (FRRR) to distribute grants to community-led solutions that build resilience
#12. Responsible Consumption and Production
Suncorp's Environmental Performance Plan provides a pathway for managing the transformation to a low-carbon and resource efficient future – a future where we will reduce emissions in our corporate operations by 51% by 2030 and significantly reduce waste to landfill.
12.2
By 2030, achieve the sustainable management and efficient use of natural resources
12.5
By 2030, substantially reduce waste generation through prevention, reduction, recycling and reuse
12.6
Encourage companies, especially large and transnational companies, to adopt sustainable practices and to integrate sustainability information into their reporting cycle
#Our progress
Continued transition to a hybrid fleet with telematics
Undertook weighted waste trials and contamination audits to improve our waste management reporting
Implemented organic and coffee cup recycling at key commercial sites and plan to identify additional sites in FY22
#Our 2020-21 performance
Suncorp New Zealand is purchasing 99% of its electricity from renewable sources
Purchased 25% and 50% GreenPower for Queensland large market and Polaris Data Centre respectively
#13. Climate Action
Suncorp’s Climate Change Action Plan details actions for responding to climate-related risks and opportunities, including building resilience in our business and the community.
Our Environmental Performance Plan aims to proactively reduce the environmental footprint of our business operations, foster partnerships, engage and educate our people, and track and openly disclose our environmental performance.
13.1
Strengthen resilience and adaptive capacity to climate-related natural hazards and natural disasters
13.2
Integrate climate change measures into national policies, strategies and planning
13.3
Improve education, awareness-raising and human and institutional capacity on climate change mitigation, adaptation, impact reduction and early warning
#Our progress
Continued to implement our Climate Change Action Plan
Expanded the definition of controversial weapons to include white phosphorus and depleted uranium munitions
Continued to integrate climate change considerations into governance, risk management and strategy processes in line with the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD) framework
Met targets to reduce Scope 1 and Scope 2 GHG emissions through carbon reduction initiatives
#Our 2020-21 performance
On track to meet our science-based Scope 1 and Scope 2 GHG emissions targets of 51% reduction in absolute emissions by 2030*
$321 million in low-carbon investments as at 30 June 2021
* From 2017–18 baseline for Suncorp corporate operations in Australia and New Zealand. Suncorp previously published a target to reduce emissions intensity for our industrial operations (Suncorp Insurance Ventures).
#17. Partnerships for the Goals
Suncorp proactively participates in public policy advocacy and industry reform, to ensure better outcomes for our stakeholders. Our Community Investment Strategy drives partnerships that drive financial, social and natural hazard resilience for customers and the community.
17.12
Enhance global macroeconomic stability, including through policy co-ordination and policy coherence
17.16
Encourage and promote effective public, public-private and civil society partnerships