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 82% 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 total carbon emissions of approximately 216,000 kg CO2e, with Scope 1 emissions at about 20,700 kg CO2e, Scope 2 emissions at 300 kg CO2e, and Scope 3 emissions significantly higher at around 195,600 kg CO2e. Notably, business travel accounted for about 160,100 kg CO2e of the Scope 3 emissions. For the previous year, 2023, Suncorp's emissions were reported at approximately 16,195,630 kg CO2e, with Scope 1 emissions at about 756,790 kg CO2e, Scope 2 emissions at approximately 1,055,990 kg CO2e, and Scope 3 emissions at around 14,382,850 kg CO2e. The Scope 1 and 2 emissions combined were approximately 4,538,000 kg CO2e on a market-based approach. Suncorp has set ambitious climate commitments, bringing forward its net-zero targets for Scope 1 and 2 emissions from 2050 to 2030. This includes a target of a 51% reduction in these emissions by 2030, based on a fiscal year 2018 baseline. As of 2023, Suncorp has achieved a 76% reduction in Scope 1 and 2 emissions since 2020. The company is committed to reducing greenhouse gas emissions associated with its operations and aims for net-zero emissions by 2030 for both Scope 1 and 2. These commitments reflect Suncorp's proactive approach to addressing climate change and its alignment with industry standards for sustainability.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 3,377,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 00,000 |
| Scope 2 | 23,955,000 | 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.
