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 65 per cent reduction in our Scope 1 and Scope 2 GHG emissions over the since 2010. 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:
- Corporate operations (Australia and New Zealand operations): 51% absolute reduction by 2030*
- Industrial operations (Suncorp Insurance Ventures): 59% intensity reduction by 2030*
Suncorp has also committed to net-zero emissions by 2050 and increasing the use of renewable energy.
*From 2017–18 baseline. Prepared using science-based target methodologies. Industrial operations target based on a reduction per m2 of Net Lettable Area
*16% reduction in air travel: Excludes Suncorp Insurance Ventures