Suncorp
Suncorp Group Limited, commonly known as Suncorp, is a leading financial services provider headquartered in Brisbane, Australia. Established in 1902, Suncorp has evolved into a prominent player in the insurance and banking sectors, serving millions of customers across Australia and New Zealand. The company offers a diverse range of products, including general insurance, life insurance, banking, and wealth management services. Suncorp is recognised for its customer-centric approach and innovative solutions, which set it apart in a competitive market. With a strong market position, Suncorp has achieved significant milestones, including numerous awards for customer service excellence and sustainability initiatives. Its commitment to delivering tailored financial solutions continues to solidify its reputation as a trusted partner in the financial landscape.
DitchCarbon Score
How does Suncorp's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Suncorp's score of 67 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Suncorp's reported carbon emissions
In 2024, Suncorp reported significant carbon emissions, totalling approximately 17,170,000 kg CO2e in Scope 3 emissions. This includes major contributions from business travel (about 6,120,000 kg CO2e) and employee commuting (approximately 7,011,000 kg CO2e). The company has not disclosed Scope 1 and 2 emissions for this year. For the previous year, 2023, Suncorp's global emissions were reported at approximately 16,195,630 kg CO2e, with Scope 1 emissions at about 756,790 kg CO2e and Scope 2 emissions at approximately 1,055,990 kg CO2e. The Scope 3 emissions for 2023 were significant, reaching about 14,382,850 kg CO2e, with business travel and employee commuting being the largest contributors. Suncorp has set ambitious climate commitments, aiming for net-zero emissions for Scope 1 and 2 by 2030, a target that has been brought forward from 2050. This commitment includes a 51% reduction in emissions based on a 2018 baseline by 2030. The company is currently on track to achieve a 76% reduction in Scope 1 and 2 emissions by 2030, demonstrating a proactive approach to climate action. Suncorp's emissions data is sourced directly from Suncorp Group Limited, with no cascading from a parent organization. The company continues to enhance its sustainability initiatives, aligning with industry standards and climate commitments.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 00,000 |
| Scope 2 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 000 |
| Scope 3 | - | - | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Suncorp is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
