Sustainability
We’re taking action for our planet.
Sustainability
We’re taking action for our planet.
Reducing the impact of operations on the environment
Under the Climate Active Carbon Neutral Standard, Suncorp Bank is certified carbon neutral for its personal transaction deposit accounts “Service” for the financial year-ended 30 June 2023 (30 June 2024 certification pending Climate Active assessment).
As a subsidiary of ultimate parent entity ANZ Group Holdings Limited, Suncorp Bank expects to be included within ANZ’s emissions boundary for its “Organisation” certification for the period ending 30 June 2025. Information about Suncorp Bank’s Climate Active “Organisation” certifications in respect of previous periods is available on the Climate Active website.
Responsible Banking Policy
The Suncorp Bank Responsible Banking Policy establishes our approach to the management of environmental, social, and governance (ESG) risks and opportunities across our business.
It seeks to align our institutional conduct and business practices with positive customer, environmental and social outcomes now and into the future.
Suncorp Bank maintains the following positions on:
- We will not knowingly directly finance companies involved in thermal coal mining extraction projects, or thermal coal electricity generation.
- We will not knowingly directly finance companies involved in oil and gas projects or the expansion of existing oil and gas assets. We will exclude any company involved in tar sands, or oil and gas exploration or production inside the Arctic Circle or the Great Australian Bight.
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.
