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Suncorp Group Ltd

Common Name
Suncorp Group
Country
Australia
Sector
Financial Services
Industry
Insurance - Property & Casualty
Employees
11,500
Ticker
SUN
Exchange
Australian Securities Exchange
Description
Suncorp Group Limited is a leading financial services company specializing in insurance, serving retail, corporate, and commercial customers across Australia and New Zealand. Its core activities encom...

Suncorp Group's GHG Emissions Data Preview

In 2025, Suncorp Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

However, Suncorp Group has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2025202420232022-2019
Total Scope 1
2,531a
1,324a
1,419a
Total Scope 2
Market-Based
1,719a
848a
1,949a
Location-Based
12,741a
8,333a
9,802a
Total Scope 3
17,964a
17,170b
15,981b
Total Scope 1 Revenue Intensity (tCO2e/$M)
0.2493a
0.1489a
0.1453a
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Verified Sources Behind Suncorp Group’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform.

a. Suncorp Group's Verification report 2025
b. Suncorp Group's Sustainability Data Spreadsheet 2024

Insights into Suncorp Group's Operational Emissions

In 2025, the total operational greenhouse gas (GHG) emissions of Suncorp Group amounted to 15,272 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2024, the total operational greenhouse gas (GHG) emissions of Suncorp Group increased by 58.14%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

Suncorp Group's Scope 1 Emissions Over Time

2020202220232024202506501.3 k1.95 k2.6 ktCO2e-11%-8%-7%+91%
  • Total Scope 1
  • Year-over-Year Change

What are Suncorp Group's Scope 1 emissions?

In 2025, the total Scope 1 emissions of Suncorp Group were 2,531 metric tons of CO₂ equivalent (tCO₂e).a

Has Suncorp Group reduced its Scope 1 emissions over time?

Since 2020, Suncorp Group's Scope 1 emissions have increased by 46.22%, reflecting a rising long-term trend in Scope 1 emissions over time.a

Compared to the previous year (2024), Suncorp Group's Scope 1 emissions increased by 91.16%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are Suncorp Group's Scope 2 emissions?

In 2025, Suncorp Group reported Scope 2 greenhouse gas (GHG) emissions of 1,719 tCO₂e using the market-based method and 12,741 tCO₂e using the location-based method.a

Has Suncorp Group reduced its Scope 2 emissions over time?

Since 2020, Suncorp Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 13.63%, reflecting a declining long-term trend in Scope 2 emissions over time.a

Compared to the previous year (2024), Suncorp Group's Scope 2 emissions (Location-Based) rose by 52.9% in 2025, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya

What methodology does Suncorp Group use for Scope 2 reporting?

In 2025, Suncorp Group reported its Scope 2 emissions using the market-based method and using the location-based method.a

Suncorp Group's Scope 2 Emissions Over Time

2020202220232024202504 k8 k12 k16 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Suncorp Group's Value Chain Emissions

In 2025, Suncorp Group reported 17,964 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2025 disclosure of Suncorp Group includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, down from 6 in 2024, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a

Suncorp Group's Scope 3 Emissions Over Time

202220232024202504.5 k9 k13.5 k18 ktCO2e+68%+7%+5%
  • Total Scope 3
  • Year-over-Year Change

What are Suncorp Group's Scope 3 emissions?

In 2025, Suncorp Group reported total Scope 3 emissions of 17,964 metric tons of CO₂ equivalent (tCO₂e).a

Compared to the previous year (2024), Suncorp Group's Scope 3 emissions remained relatively stable, indicating that Suncorp Group's emissions have plateaued with no significant change in its value chain footprint.ab

Insights into Suncorp Group’s GHG Emissions Intensity Compared to Industry Peers

In 2025, Suncorp Group reported Scope 1 greenhouse gas (GHG) emissions of 2,531 tCO₂e and total revenues of USD 10,152 millions. This translates into an emissions intensity of 0.25 tCO₂e per millions USD.a

Suncorp Group's Scope 1 Emissions Intensity Compared to Peers

505002,00010,000100,000Scope 1 Emissions (tCO2e)5002,00010,00050,000200,000Revenues (Millions of USD)PICCYear: 2024Scope 1: 650 tCO2eRevenue: $M 82,248Scope 1 Intensity: 0.01 tCO2e/$MPICC Property and CasualtyYear: 2024Scope 1: 182 tCO2eRevenue: $M 65,118Scope 1 Intensity: 0.00 tCO2e/$MAllstateYear: 2024Scope 1: 17,485 tCO2eRevenue: $M 63,513Scope 1 Intensity: 0.28 tCO2e/$MTravelers CompaniesYear: 2024Scope 1: 19,069 tCO2eRevenue: $M 46,430Scope 1 Intensity: 0.41 tCO2e/$MTokio Marine HoldingsYear: 2024Scope 1: 12,517 tCO2eRevenue: $M 46,758Scope 1 Intensity: 0.27 tCO2e/$MProgressiveYear: 2024Scope 1: 32,281 tCO2eRevenue: $M 75,335Scope 1 Intensity: 0.43 tCO2e/$MChubbYear: 2024Scope 1: 28,246 tCO2eRevenue: $M 56,155Scope 1 Intensity: 0.50 tCO2e/$MDefinity FinancialYear: 2024Scope 1: 1,266 tCO2eRevenue: $M 3,133Scope 1 Intensity: 0.40 tCO2e/$MHiscoxYear: 2024Scope 1: 549 tCO2eRevenue: $M 3,675Scope 1 Intensity: 0.15 tCO2e/$MGjensidige ForsikringYear: 2024Scope 1: 434 tCO2eRevenue: $M 3,578Scope 1 Intensity: 0.12 tCO2e/$MSamsung Fire & Marine InsuranceYear: 2024Scope 1: 5,794 tCO2eRevenue: $M 12,881Scope 1 Intensity: 0.45 tCO2e/$MHyundai Marine & Fire InsuranceYear: 2024Scope 1: 2,582 tCO2eRevenue: $M 9,692Scope 1 Intensity: 0.27 tCO2e/$MZhongAnYear: 2024Scope 1: 571 tCO2eRevenue: $M 4,595Scope 1 Intensity: 0.12 tCO2e/$MSelective Insurance GroupYear: 2023Scope 1: 2,632 tCO2eRevenue: $M 4,232Scope 1 Intensity: 0.62 tCO2e/$MDirect Line Insurance GroupYear: 2024Scope 1: 4,257 tCO2eRevenue: $M 6,015Scope 1 Intensity: 0.71 tCO2e/$MSunshine Insurance GroupYear: 2024Scope 1: 13,093 tCO2eRevenue: $M 10,045Scope 1 Intensity: 1.30 tCO2e/$MDB InsuranceYear: 2024Scope 1: 2,366 tCO2eRevenue: $M 11,742Scope 1 Intensity: 0.20 tCO2e/$MCincinnati FinancialYear: 2024Scope 1: 14,273 tCO2eRevenue: $M 11,337Scope 1 Intensity: 1.26 tCO2e/$MW. R. BerkleyYear: 2024Scope 1: 10,412 tCO2eRevenue: $M 13,691Scope 1 Intensity: 0.76 tCO2e/$MHanover Insurance GroupYear: 2024Scope 1: 4,589 tCO2eRevenue: $M 6,216Scope 1 Intensity: 0.74 tCO2e/$MAssurantYear: 2024Scope 1: 1,282 tCO2eRevenue: $M 11,881Scope 1 Intensity: 0.11 tCO2e/$MAdmiral GroupYear: 2024Scope 1: 542 tCO2eRevenue: $M 5,866Scope 1 Intensity: 0.09 tCO2e/$MUnipol AssicurazioniYear: 2024Scope 1: 9,062 tCO2eRevenue: $M 13,712Scope 1 Intensity: 0.66 tCO2e/$MQBE Insurance GroupYear: 2024Scope 1: 7,746 tCO2eRevenue: $M 18,746Scope 1 Intensity: 0.41 tCO2e/$MInsurance Australia GroupYear: 2025Scope 1: 6,770 tCO2eRevenue: $M 9,717Scope 1 Intensity: 0.70 tCO2e/$MSuncorp GroupYear: 2025Scope 1: 2,531 tCO2eRevenue: $M 10,152Scope 1 Intensity: 0.25 tCO2e/$M

How does Suncorp Group's GHG emissions intensity compare to its peers?

In 2025, Suncorp Group reported a Scope 1 emissions intensity of 0.25 tCO₂e per millions USD. Compared to the peer group median of 0.41, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Suncorp Group rank on GHG emissions intensity within its industry?

In 2025, Suncorp Group ranked 9 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

Suncorp Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into Suncorp Group's Total Carbon Footprint

In 2025, Suncorp Group reported a total carbon footprint of 33,236 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 23.89% increase compared to 2024, suggesting a rise in emissions across its operations or value chain.ab

The largest contributor to Suncorp Group's total carbon footprint was Scope 3 emissions, accounting for 54.05% of the company's total carbon footprint, followed by Scope 2 emissions at 38.33%.a

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