Responsible Supply Chain

Responsible Supply Chain


We continue to enhance our procurement practices and build capability to respond to risks and opportunities in our supply chain.

#Performance highlights


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Published first Modern Slavery Statement in February 2021 for FY20

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100% of new and 100% of material and strategic suppliers in Australia accepted Supplier Code of Practice


#Supplier on-boarding


We have updated our on-boarding process for suppliers in Australia to incorporate express acceptance of our Supplier Code of Practice. New suppliers are required to confirm they understand and comply with the Code, including expectations in relation to human rights and workplace conditions, safety and wellbeing, environmental impacts, product safety and data protection and privacy.


#Ethical procurement


Suncorp was the first financial organisation in Australia to achieve the CIPS Corporate Ethics Award and we have been recognised on the Chartered Institute of Procurement and Supply (CIPS) Global Corporate Ethical Register for our commitment to safeguarding against unethical conduct in procurement.


#Modern slavery


Suncorp published its first Modern Slavery Statement in February 2021 for FY20. Our Statement outlines Suncorp’s approach to identifying and addressing the risks of modern slavery in our operations and supply chain across Australia and New Zealand. Through the development of our Statement, we amended several policies to address modern slavery risks across our business. 

The Suncorp Responsible Banking & Insurance and Responsible Investment policies include commitments to regularly assess portfolio-level ESG risks and opportunities, including modern slavery. Suncorp’s Code of Conduct was updated to reference modern slavery and human rights and our procurement and outsourcing policies were also updated to consider modern slavery.

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#Supplier diversity and reconciliation


Our procurement practices play an important role in providing opportunities, including employment, for Aboriginal and Torres Strait Islander businesses. We work with Supply Nation to increase our understanding of the benefits of working with Aboriginal and Torres Strait Islander-owned businesses to maximise our partnerships. Through Suncorp’s Supplier Code of Practice, we reinforce our commitments to diversity. 


#Environmental performance


Suncorp is committed to innovating and optimising environmental outcomes throughout our business and value chain. We will continue to explore opportunities with suppliers to improve environmental impact and emissions reduction in our supply chain.