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 48 is higher than 94% 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 2023, Suncorp reported total carbon emissions of approximately 16,195,630 kg CO2e, comprising 3,837,000 kg CO2e from Scope 1, 1,055,990 kg CO2e from Scope 2, and 17,170,000 kg CO2e from Scope 3 emissions. This reflects a commitment to transparency in their carbon footprint across all scopes. In 2022, Suncorp's emissions were about 17,986,775 kg CO2e, with Scope 1 emissions at 2,775,000 kg CO2e, Scope 2 at 14,988,000 kg CO2e, and Scope 3 at 15,980,000 kg CO2e. The company has shown a consistent effort to monitor and report its emissions, although specific reduction targets or initiatives have not been disclosed. Suncorp's emissions data indicates a focus on reducing its carbon footprint, particularly in Scope 2 emissions, which are primarily associated with purchased electricity. However, there are currently no documented reduction targets or climate pledges available, suggesting that while Suncorp is actively measuring its emissions, it may not yet have formalised specific reduction commitments. Overall, Suncorp's emissions reporting highlights its ongoing efforts to understand and manage its environmental impact, aligning with industry standards for climate accountability.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 3,377,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 23,955,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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.
