Suncorp Group Ltd

###### Advocacy integrated into our business strategy

Advocacy forms a key pillar of Suncorp's strategy. We are taking a more active role in advocating for issues that are important for our customers and the broader community to help create communities that are more resilient to natural disasters, while managing climate change impacts and assisting the transition to a net-zero economy. Four target areas include:

ΐ Investing in improved public infrastructure.

ΐ Addressing inadequate planning laws.

ΐ Providing subsidies to improve resilience of private dwellings.

ΐ Removing inefficient taxes from premiums.

This section outlines key examples of how we collaborated with industry, government and experts to advance climate and resilience solutions this year. [...] ###### Aligning with our industry
Our advocacy position on climate change is represented through our alignment to the Insurance Council of Australia (ICA)[1] and Insurance Council of New Zealand (ICNZ)[2] policy positions as the representative bodies for general insurers in our respective geographical regions.

This year Suncorp Australia and New Zealand engaged with the ICA and ICNZ along with other insurers around topics such as climate resilience and adaptation and will continue to actively participate in the ICA Net-Zero Working Group and the ICNZ Climate Standing Committee.

Engagement activities are framed within an Advocacy Strategy. This ensures that our engagement activities such as policy position papers and submissions prepared either directly by Suncorp or through an industry association, and advocacy positions put in meetings with political, public policy and industry stakeholders on the full range of topics are consistent with our overall climate change strategy. We ensure that consistency through ongoing dialogue through team meetings and other ad hoc interactions between the public policy, government relations and the climate change teams within Suncorp which all sits under the Corporate Affairs division. [...] As a member of the Insurance Council of Australia (ICA), Suncorp actively participates in the ICA's Net Zero Working Group and Climate Chance Action Committee, including ensuring that the ICA's advocacy positions are aligned with our views reflected in the Advocacy Strategy. We contributed to the development of the ICA's Climate Change Policy Asks (https://insurancecouncil.com.au/wp-content/uploads/2022/11/ICA-Climate-Change-Policy-Asks_NOV-1-FINAL.pdf), which advocates for the Australian Federal Government to set a science-based emissions reduction target for 2035, that is Paris aligned and consistent with IPCC timeframes.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Engagement activities are framed within an Advocacy Strategy. This ensures that our engagement activities such as policy position papers and submissions prepared either directly by Suncorp or through an industry association, and advocacy positions put in meetings with political, public policy and industry stakeholders on the full range of topics are consistent with our overall climate change strategy. We ensure that consistency through ongoing dialogue through team meetings and other ad hoc interactions between the public policy, government relations and the climate change teams within Suncorp which all sits under the Corporate Affairs division.

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]Engagement activities are framed within an Advocacy Strategy. This ensures that our engagement activities such as policy position papers and submissions prepared either directly by Suncorp or through an industry association, and advocacy positions put in meetings with political, public policy and industry stakeholders on the full range of topics are consistent with our overall climate change strategy. We ensure that consistency through ongoing dialogue through team meetings and other ad hoc interactions between the public policy, government relations and the climate change teams within Suncorp which all sits under the Corporate Affairs division.