- Measurement and disclosure of insurance-associated emissions lag behind investments.
- Data collection and management challenges for insurance-associated emissions.
- Supply chain complexities impacting decarbonisation activities.
- Severe natural hazard events drive operational pressures and create year-on-year variability.
Suncorp Group Limited
Greenhouse gas emissions & sustainability report data
By scope: Scope 1: 1.7K tCO2-e; Scope 2: 16.0K tCO2-e; Scope 3: 17.2K tCO2-e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
Renewable Energy
81%
of total energy
📊 Emissions by Scope (2023-07 to 2024-06)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 1.7K tCO2-e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 16.0K tCO2-e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 17.2K tCO2-e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2020-07 to 2021-06 | 23.9K tCO2e (Australia) + 619 tCO2e (New Zealand) + 4372 tCO2e (Suncorp Insurance Ventures) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Achieved a 76% reduction in Scope 1 & 2 market-based emissions from an FY20 baseline. Achieved 81% renewable electricity in FY24.
- Diverted 87% of renovation waste from landfill in Melbourne branch.
🎯 Climate & Sustainability Targets
🔜 Short-term
- RE100 commitment (100% renewable energy by 1 July 2025)
📅 Medium-term
- Scope 1 & 2 net-zero emissions by 2030
- Interim 2030 climate commitments for underwriting and investment portfolios (to be detailed in FY25 Climate Transition Plan)
🔭 Long-term
- Net-zero emissions by 2050
🌱 ESG Focus Areas
Climate Change