Sustainability
We’re taking action for our planet.
Sustainability
We’re taking action for our planet.
Banking on a better world
In 2019, we became the first non-major Australian bank to become a signatory to the Principles for Responsible Banking (PRB). This United Nations initiative aims to help the banking industry progress towards achieving the UN's Sustainability Development Goals and the Paris Agreement.
Our journey to net-zero
In 2022, Suncorp Bank set a benchmark across the banking industry. Under the Climate Active Carbon Neutral Standard, we became the first Australian financial institution to be certified carbon neutral for both our operations and personal deposit transaction accounts.
Getting certified means we’re on the right track, but real progress is made through action. By taking steps every day to actively reduce our climate impact.
Reaching net zero is a journey and we’re committed to accelerating the reduction of our greenhouse gas emissions.
Responsible Banking Policy
The Suncorp Bank Responsible Banking Policy has been published on the Suncorp Bank website (formerly published on the Suncorp Group website). This Policy establishes Suncorp Bank’s (the Bank) approach to the management of environmental, social, and governance (ESG) risks and opportunities across Suncorp Bank’s business. It seeks to align Suncorp Bank’s institutional conduct and business practices with positive customer, environmental, and social outcomes now and into the future. There has been no change to the policy and Suncorp Bank maintains the following positions. The Bank will not knowingly directly finance to companies involved in thermal coal mining extraction projects, or thermal coal electricity generation. The Bank will not knowingly directly finance to companies involved in oil and gas projects or the expansion of existing oil and gas assets. The Bank will exclude any company involved in tar sands, or oil and gas exploration or production inside the arctic circle or the Great Australian Bight.
The Suncorp Bank Responsible Banking Policy can be found here or accessed via the Investors Centre
Case study: Achieving carbon neutrality with carbon farming
Our journey to net zero involves fostering sustainable practices across our business. An example of this is how we counterbalance the environmental impact of our activities through carbon offsetting.
This is possible because of people like Peter Ponder and Jim Strachan. Peter and Jim are carbon farmers who help regenerate rural habitats and remove carbon from the atmosphere. With this type of land management, they can calculate the amount of carbon removed and sell carbon credits to companies like Suncorp Bank.
This approach allows us to account for our emissions and contribute to a more sustainable future. Learn the story of carbon farmers like Peter Ponder and Jim Strachan and how they’re future-proofing their farms.
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Banking you can feel good about
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Our customers can also take action
We stand by our customers every step of the way, offering products and services that can help them take positive steps towards helping the environment.
For example, our Carbon Insights Account can help inform our customers about their estimated carbon emissions on eligible transactions made with the account.1
We’ve also made our bank cards better. Suncorp Bank Visa Debit and eftpos cards are made from 82% recycled material and designed with unique features to assist customers with visual impairments.
Learn more about our impact
Things you should know
1 The carbon emissions data provided is an estimate only and calculated using data provided by Cogo (a third party provider) relating to industry averages of carbon emissions per dollar spent based on merchant types (Industry Data). Calculations are based on averages only and are not specific to each item purchased at individual merchants and do not reflect individual merchants sustainability practices. The estimated monthly emissions amount is calculated by progressively adding together the estimated emissions of each eligible transaction for the particular month.
