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
Continued progress against FY25 gender pay gap percentage point reduction target
Implemented our online gender diversity awareness training module
#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
Continued to optimise energy efficiency of real estate footprint through audits and participating in green leases, upgrades and fitouts
77% of our electricity consumed in FY23 purchased from renewable sources
#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 Modern Slavery Statement for FY22
Launched our Financial Inclusion Action Plan (FIAP) 2022-25
#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
AAMI announced a partnership with What Ability, a National Disability Insurance Scheme (NDIS) registered service
Introduced six weeks of paid Gender Affirmation Leave
#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
Suncorp and the Foundation for Rural and Regional Renewal (FRRR) awarded a further 27 grants in FY23 to local community groups affected by the 2022 East Coast Floods
Became major partner of New South Wales State Emergency Service (SES) this year. Continued partnerships with Victoria and Queensland SES
Continued advocacy for greater government investment in disaster mitigation
#12. Responsible Consumption and Production
Responding to climate change and the opportunities emerging from the net-zero transition are central to Suncorp’s purpose as an insurer and bank to millions of households and businesses across Australia and New Zealand.
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
Commenced the electrification of our corporate fleet and the installation of an electric vehicle (EV) charging network at key sites
Suncorp Bank announced new partnership with OzHarvest, Australia's leading food rescue organisation
#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.
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 progress against our 2030 net-zero target for Scope 1 and 2 emissions
Progressed development of our approach to Scope 3 emissions baseline measurement and established project to enable net-zero transition planning
Launched Team Zero, our climate-focused employee resource group
Supported the Insurance Council of Australia Climate Change Roadmap
#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