Suncorp Sustainability Profile
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 60 is higher than 75% 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 2025, Suncorp reported total carbon emissions of approximately 19,630,000 kg CO2e, comprising 1,245,000 kg CO2e from Scope 1, 718,000 kg CO2e from Scope 2, and a significant 17,964,000 kg CO2e from Scope 3 emissions. The previous year, 2024, saw total emissions of about 21,720,000 kg CO2e, with Scope 1 emissions at 1,324,000 kg CO2e, Scope 2 at 848,000 kg CO2e, and Scope 3 at 19,551,000 kg CO2e. 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 Scope 1 and 2 emissions by 2030, based on a 2018 baseline. As of 2023, Suncorp is on track to achieve a 76% reduction in these emissions. The company’s emissions data is sourced directly from Suncorp Group Limited, with no cascaded data from parent or related organizations. Suncorp's proactive approach to climate action reflects its commitment to sustainability and responsible corporate governance.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 |
| Scope 3 | - | - | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Suncorp's Industry?
How Carbon Intensive is Suncorp's Location?
Suncorp's Scope 3 Categories Breakdown
Suncorp's Scope 3 emissions, which decreased by 8% last year and increased by approximately 55% since 2019, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Upstream Transportation & Distribution" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Suncorp's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Suncorp has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
