Suncorp Group Ltd
Suncorp Group's GHG Emissions Data Preview
In 2024, 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).
Suncorp Group has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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Verified Sources Behind Suncorp Group’s Greenhouse Gas (GHG) Emissions Data
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Insights into Suncorp Group's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Suncorp Group amounted to 13,345 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 2023, the total operational greenhouse gas (GHG) emissions of Suncorp Group decreased by 6.91%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
Suncorp Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Suncorp Group's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Suncorp Group were 1,680 metric tons of CO₂ equivalent (tCO₂e). a
Has Suncorp Group reduced its Scope 1 emissions over time?
Since 2022, Suncorp Group's Scope 1 emissions have increased by 8.88%, reflecting a rising long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2023), Suncorp Group's Scope 1 emissions decreased by 7.23%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are Suncorp Group's Scope 2 emissions?
In 2024, Suncorp Group reported Scope 2 greenhouse gas (GHG) emissions of 2,775 tCO₂e using the market-based method and 11,665 tCO₂e using the location-based method. a
Has Suncorp Group reduced its Scope 2 emissions over time?
Since 2022, Suncorp Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 22.17%, reflecting a declining long-term trend in Scope 2 emissions over time. a
Compared to the previous year (2023), Suncorp Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Suncorp Group 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does Suncorp Group use for Scope 2 reporting?
In 2024, 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
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Suncorp Group's Value Chain Emissions
In 2024, Suncorp Group reported 17,170 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 2024 disclosure of Suncorp Group includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, up from 5 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
Suncorp Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Suncorp Group's Scope 3 emissions?
In 2024, Suncorp Group reported total Scope 3 emissions of 17,170 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has Suncorp Group reduced its Scope 3 emissions over time?
Since 2022, Suncorp Group's Scope 3 emissions have increased by 80.95%, reflecting a rising long-term trend in Scope 3 emissions over time. a
Compared to the previous year (2023), 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. a
What categories of Scope 3 emissions does Suncorp Group disclose?
In 2024, Suncorp Group reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Suncorp Group's Scope 3 emissions?
In 2024, the largest contributors to Suncorp Group's Scope 3 emissions were: a
- Employee Commuting (Cat. 7): 7,011 tCO₂e (40.83%)
- Business Travel (Cat. 6): 6,120 tCO₂e (35.64%)
- Fuel- and Energy-Related Services (Cat. 3): 2,423 tCO₂e (14.11%)
Suncorp Group's Scope 3 Emissions by Categories
Insights into Suncorp Group's Total Carbon Footprint
In 2024, Suncorp Group reported a total carbon footprint of 30,515 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.65% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Suncorp Group's total carbon footprint was Scope 3 emissions, accounting for 56.27% of the company's total carbon footprint, followed by Scope 2 emissions at 38.23%. a