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 62 is higher than 98% 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 approximately 300 kg CO2e, and significant Scope 3 emissions of about 195,600 kg CO2e. The latter includes substantial contributions from business travel (approximately 160,100 kg CO2e) and employee commuting (about 7,011,000 kg CO2e). Suncorp has made notable commitments to reduce its carbon footprint, bringing forward its target for net-zero Scope 1 and 2 emissions from 2050 to 2030. This commitment includes a goal of achieving a 51% reduction in Scope 1 and 2 emissions by 2030, based on a 2018 baseline. As of 2024, Suncorp has reportedly achieved a 76% reduction in its Scope 1 and 2 emissions since 2020. The company is actively working towards these targets, demonstrating a strong commitment to sustainability and climate action within the financial services sector in Australia.
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 | 000,000 | 00,000 |
| Scope 2 | 23,955,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| 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.
