Sustainable Growth

Sustainable Growth


We seek to innovate and optimise economic, social and environmental outcomes throughout our business and value chain.

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

tickCircle

Joined the New Zealand Climate Leaders Coalition

stormSurge

Developed Natural Hazard Resilience Strategy

branches

Developed Responsible Banking and Insurance Policy


#Future Activity


innovation2

Develop a Renewable Energy Strategy

cyclone

Implement our Natural Hazard Resilience Strategy

tickCircle

Implement Responsible Banking & Insurance Policy & Standards

community

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