21 September 2017 At Suncorp’s Annual General Meeting (AGM) in Brisbane today, company chair Ziggy Switkowski made the quite unexpected commitment to reduce the company’s fossil fuel exposure to an ‘immaterial’ amount over the next two years. The revelation came in response to repeated questions from shareholders about climate change, … Read More
Suncorp understands the importance of 2ºC, fails to commit to it.
22 September 2016 Creator of the award-winning Skeptical Science website John Cook and Associate Professor Kristen Lyons were among the shareholders attending the Suncorp AGM today in Brisbane, trying to find out why a company that is losing billions of dollars in climate change related damage is not doing anything about it. Suncorp … Read More
Can you mitigate natural disasters without mitigating climate change?
3 March 2016 A new report by the Australian Business Roundtable has found that the economic impact of natural disasters in Australia is expected to balloon in the next decade. At the moment, natural disasters in Australia do $9 billion of economic damage per year, set increase to an average … Read More
How to mismanage climate risk until it hurts
This article first appeared on Renew Economy on 19 October 2015 There’s an old saying that what counts is what gets counted, there’s a less well-known adage that says, what doesn’t get counted can cost you a fortune. The Australian insurance industry is finding out all about that one now because … Read More
Suncorp’s $1bn extreme weather loss. Climate change, anyone?
24 September 2015 Suncorp Group held its Annual General Meeting in Brisbane today and several shareholders pointed out that in the last financial year, Suncorp was hit by losses from natural disasters of $473 million above provisions. The Brisbane hailstorm in November, Cyclone Marcia in February and NSW storms in … Read More
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