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OrganisationsSuncorp
Suncorp logo

Suncorp

Insurance ServicesAustraliaPNK: SNMCY
Last verified 9 months agosuncorpgroup.com.au

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.

73
DitchCarbon score

+36 vs industry average

Suncorp’s score of 73 is higher than 85% 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

0.029
20192025

The Insurance Services industry has reduced its overall emissions by 7% since 2019

Emissions trajectory 2020 – 2028

00.0M00.0M00.0M0.0M0

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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

In 2025, Suncorp reported total carbon emissions of approximately 19.6 million kg CO2e, comprising 1,245,000 kg CO2e from Scope 1, 718,000 kg CO2e from Scope 2, and 17,964,000 kg CO2e from Scope 3 emissions. This reflects a commitment to reducing greenhouse gas emissions, with significant targets set for the near future. Suncorp has brought forward its net-zero emissions target for Scope 1 and 2 from 2050 to 2030. The company aims for a 51% reduction in these emissions by 2030, based on a fiscal year 2018 baseline. This commitment is part of a broader strategy to enhance sustainability and address climate change impacts. In 2024, Suncorp's emissions were approximately 21.7 million kg CO2e, indicating a slight decrease from the previous year. The company continues to focus on reducing its carbon footprint through various initiatives and operational improvements. Suncorp's emissions data is sourced directly from Suncorp Group Limited, ensuring accuracy and transparency in their reporting. The company remains on track to meet its ambitious climate goals, demonstrating leadership in corporate responsibility and environmental stewardship.

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Suncorp’s Climate Goals (2030 & 2050)

3 goals

2030

In 2022, the Suncorp Group strengthened its Scope 1 and 2 co…

In 2022, the Suncorp Group strengthened its Scope 1 and 2 commitment to net-zero by 2030.

On track0%

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%

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Scope 3 top emissions categories

1 of 15 categories disclosed
Upstream Transportation & Distribution100%
Upstream Transportation & Distribution100%

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Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

See details
Not active
CDP

Carbon Disclosure Project

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Active
THE CLIMATE PLEDGE

The Climate Pledge

See details
Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

See details
Not active
RE 100

RE 100

2025 targetSee details
Active
Climate Action 100+

Climate Action 100

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Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Suncorp logoSuncorp
AUInsurance Services
9 months ago
73
Standard Chartered PLC logoStandard Chartered PLC
GBFinancial Intermediation
22 days ago
100
View
Natwest logoNatwest
GBCommercial Banking
4 days ago
93
View
Nordea Bank logoNordea Bank
FIFinancial Intermediation
12 days ago
90
View
Lloyds Banking Group logoLloyds Banking Group
GBCommercial Banking
16 hours ago
89
View
Aig logoAig
USInsurance Services
18 days ago
87
View
Aviva logoAviva
GBInsurance Services
5 days ago
84
View

Usage policy

You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.

See our License Agreement for more details.

Where does DitchCarbon
data come from?

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Ditchcarbonv260319.2
[email protected]+44 203 475 7875

Ditch Carbon Ltd

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London W1W 5PF

Platform

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  • Sustainable Sourcing: A Strategy for Decarbonisation
  • Smarter Supplier Engagement: Reduce Burden, Drive Decarbonisation
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