Reducing our Environmental Impacts

Reducing our Environmental Impacts


Suncorp conducts business in a way that protects and sustains the environment for current and future generations.

#Performance highlights


innovation1

Purchased 25% and 50% GreenPower for Queensland large market and Polaris Data Centre respectively.

industry

Installed rooftop solar at 8 sites

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Undertook physical risk resilience assessment of our real estate portfolio


This year Suncorp continued to reduce operational emissions and waste, set renewable energy targets and implemented the Environmental Performance Plan (EPP) for our Australian and New Zealand operations. This three-year plan set our priorities in becoming a low-emissions and resource-efficient organisation focusing on:

  • Reducing emissions: We are accelerating efforts to reduce Suncorp’s emissions and overall costs, aligned with global action on climate change
  • Reducing waste: We are developing a group-wide approach to resource efficiency and measurement which minimises waste and maximises opportunities for reuse and recycling
  • Creating a sustainable workplace: We are developing programs and inspiring spaces that engage and enable our people to have a positive environmental impact.

Suncorp has entered into an electricity and renewable energy purchasing agreement with Diamond Energy commencing from 1 July 2021. It utilises the Diamond CLEAN® platform to ensure that our renewable energy purchase will also support the Queensland community. The agreement secures 100% renewable energy credits to balance our national consumption for our large sites, from two Queensland-based projects: the Sunshine Coast Solar Farm and the Reedy Creek Renewable Energy Facility in Burleigh Heads.


#Environmental Performance Plan


We have a responsibility to continue to reduce our environmental impact and be transparent about our environmental performance.

Our Environmental Performance Plan has been refreshed with a broad program of activity for 2020–22, to further decrease emissions to meet our targets, reduce waste, create a more sustainable workplace, as well as support ongoing transparency, regulatory reporting and operational excellence. We continue to modernise our way of working and will integrate sustainability principles to deliver workspaces that are healthy, flexible and minimise the impact on our environment.

Implementation of Suncorp’s previous Environmental Performance Plan has resulted in a more than 32 per cent reduction in our Scope 1 and Scope 2 GHG emissions since 2018. We have also developed a group-wide view of environmental metrics and strategies to reduce waste.

Suncorp published Scope 1 and Scope 2 science-based targets to reduce GHG: 

Emissions by 51% in 2030* for our corporate Australia and New Zealand operations.

Suncorp has also committed to net-zero emissions by 2050 and increasing the use of renewable energy to 100% by 2025. 

*From 2017–18 baseline. Prepared using science-based target methodologies.