To create sustainable value, Suncorp adapts to evolving market conditions. We take a long-term view and actively respond to changes in the economy, society and the environment. We manage our impacts to ensure the sustainable growth of both our business and the communities in which we operate.
#Targets
51%
absolute reduction in Scope 1 and Scope 2 GHG emissions by 2030*
Net-zero
emissions by 2050
95%
of invoices paid within 30 days*
5%
of total shareholders' funds in social and low carbon impact investments*
#Performance Highlights
6%
reduction in Scope 1 and Scope 2 GHG emissions in 2018-19
43,244
customer policies received premium reduction from Cyclone Resilience Benefit
$310m
in low carbon investments
Joined the New Zealand Climate Leaders Coalition
Developed Natural Hazard Resilience Strategy
Developed Responsible Banking and Insurance Policy
#Future Activity
Develop a Renewable Energy Strategy
Implement our Natural Hazard Resilience Strategy
Implement Responsible Banking & Insurance Policy & Standards
Develop a Modern Slavery Statement that addresses modern slavery risk in our operations and supply chain
*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
*95% of invoices paid within 30 days: From receipt of a valid invoice. Excludes New Zealand and suppliers with payment terms beyond 30 days
*5% of total shareholders' funds in social and low carbon impact investments: Based on Global Investor Coalition definition