Responding to climate change
Our approach to climate change is linked to our purpose of building futures and protecting what matters. Since 2018, climate change and natural hazard resilience have consistently been among our top environmental, social and governance (ESG) material topics.
Suncorp continues to integrate climate change considerations into governance, risk management and strategy processes these are details in our latest climate-related disclosures.
Advocating for natural hazard resilience
Suncorp recognises the need to build more resilient communities in response to climate impacts and a growing population in disaster-exposed regions.
Suncorp’s natural hazard resilience efforts combine innovative research and insights with initiatives that raise awareness of disaster preparedness in the broader community, as well as market-leading product solutions to recognise our customers’ investment in increasing the resilience of their homes.
Suncorp advocates for an industry‑wide approach to addressing insurance affordability and natural perils risk mitigation through the Hazard Insurance Partnership and ongoing direct engagement with government agencies. This is an example of how we advocate for cross‑sector collaboration and greater investment in building household and community resilience against natural hazards to better manage physical risks associated with climate change.
Suncorp has long advocated for a four‑point action plan to ease insurance affordability pressures in high‑risk regions of Australia.