Business
Suncorp calls for national response to climate change as profit dips – NEWS.com.au
Suncorp cash earnings dive 30% as banking group calls for national response to climate change
Banking and insurance group Suncorp says governments can no longer leave climate change in the too-hard basket, warning extreme natural disasters will hurt businesses already grappling with the effects of COVID-19. In its results for the 2020 financial year, the company said bushfires that swept across Australia last summer and the onset of the pandemic had slashed its profits by one-third.
Suncorp posted a cash profit of $749 million, a 33 per cent slump compared with the previous year, descri…
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