Responding to climate change
Our approach to managing climate-related risks and opportunities is integrated into our strategic and business planning cycles. Suncorp's purpose - building futures and protecting what matters - underpins its response to these risks and opportunities. We continue to build capabilities to assess, monitor, and manage climate-related risks through established risk management processes and ongoing investment in our disaster preparedness, response, and resilience.
More details can be found in our Sustainability Report, embedded within our Annual Report.
Advocating for natural hazard resilience
Suncorp's natural hazard resilience efforts combine innovative research and insights with initiatives that raise awareness of disaster preparedness in the broader community.
Suncorp advocates for an industry-wide approach to natural hazard resilience 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 risk associated with climate change.
Suncorp has long advocated for a four-point action plan to improve natural hazard resilience across Australia through public infrastructure investments, private household upgrades to improve resilience to natural disasters, improved land use planning for new and existing homes, and removal of state insurance taxes.