Suncorp takes a long-term view and actively responds to changes in the economy, social and the environment. We proactively address climate-related risks and opportunities and embed environmental, social and governance (ESG) considerations across our value chain. We continue to advocate for natural hazard resilience to help our customers and communities be aware, protected, and prepared for natural disasters.
We also continue to identify and drive emissions reduction activities within our operations as part of our Environmental Performance Plan and commitments made in the Climate Change Action Plan.
#Targets
51%
absolute reduction in Scope 1 and Scope 2 GHG emissions by 2030*
Net-zero
Scope 1 and Scope 2 GHG emissions by 2050
#Performance against targets*
18.4% ahead of Scope 1 and Scope 2 greenhouse gas emissions reduction target
98% invoices paid within 30 days
6.6% funds invested in social and low carbon impact investments
#Performance highlights
99% of Suncorp New Zealand's electricity consumption comes from renewable sources
Entered into a four-year renewable energy agreement
$324m
in social and low carbon impact investments
#Future activity
Continue to implement Renewable Energy Strategy
*51% absolute reduction in Scope 1 & Scope 2 GHG emissions by 2030: From 2017–18 baseline for Suncorp corporate operations in Australia and New Zealand.
*Performance against targets: Full circle indicates performance to target on track, met or exceeded and half circle indicates performance below target.