Suncorp’s Responsible Investment Policy received Board approval and was launched in August 2017. It details our approach to the long-term sustainability of investment returns and management of the ESG risks and opportunities in our investment portfolios. It ensures ESG considerations are factored into investment manager selection and the evaluation of investment risks and opportunities. During 2017–18 mandates with external investment managers were amended to exclude tobacco and controversial weapons (land mines, cluster munitions, biological and chemical weapons) and these were divested from our portfolios.
Additionally, a shadow carbon price was introduced to manage the risk of stranded assets as we transition to a net-zero carbon emissions economy. The criteria for screening potential and existing investments is outlined in our Responsible Investment Policy.