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Suncorp Group, commonly referred to as Suncorp, is a leading financial services organisation headquartered in Australia. With a rich heritage spanning over a century, Suncorp delivers comprehensive insurance, banking, and wealth management solutions across Australia and New Zealand.
As a prominent ASX-listed company, Suncorp serves millions of customers with a diverse portfolio of offerings. Its core services include general insurance, life insurance, superannuation, and banking products, all focused on helping customers protect their assets and plan for the future. Suncorp's integrated financial services model underscores its commitment to innovation and customer support in the Australian and New Zealand markets.
84
DitchCarbon score
+45 vs industry average
Suncorp’s score of 84 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Insurance Services is among the least carbon-intensive industries
Industry performance
0.058
20182025
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Suncorp's reported carbon emissions
Suncorp, an Australian company in the Insurance and pension funding services industry, is committed to reducing its carbon emissions.
In 2025, Suncorp reported approximately 1.25 million kg CO2e in Scope 1 emissions, 718,000 kg CO2e in Scope 2 market-based emissions, and 17.96 million kg CO2e in Scope 3 upstream transportation and distribution emissions. For 2024, Scope 1 emissions were around 1.32 million kg CO2e, Scope 2 market-based emissions were 848,000 kg CO2e, and Scope 3 upstream transportation and distribution emissions were approximately 19.55 million kg CO2e. In 2023, the company's Scope 1 emissions were approximately 1.42 million kg CO2e, Scope 2 market-based emissions were 1.95 million kg CO2e, and Scope 3 upstream transportation and distribution emissions were around 15.98 million kg CO2e.
Suncorp has a near-term net-zero target for Scope 1 and 2 emissions by 2030, having brought forward its original 2050 target. This includes a target to achieve a 51% reduction in Scope 1 and 2 greenhouse gas emissions by 2030, based on a FY18 baseline. Additionally, the company is working towards a 76% reduction in Scope 1 and 2 emissions between 2020 and 2030.
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Suncorp’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
See details
Not active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
See details
Not active
RE 100
2025 targetSee details
Active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Suncorp11 months ago
84
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