CHU Releases its FY24 Sustainability Impact Report: Leading the way in the Strata Industry towards a greener, brighter future

CHU has always embraced environmental sustainability as a core pillar of our business. As part of our commitment to build a more sustainable and resilient strata community, we are pleased to release our FY24 Sustainability Impact Report, capturing the progress we’ve made from 1 July 2023 to 30 June 2024, towards our sustainability commitments and the future goal of full scope net-zero. 

Over the past year, we were honoured to receive the ANZIIF 20th Australian Insurance Industry Award for Excellence in Environmental, Social, and Governance Change. This recognition is a testament to our team’s dedication and the strides we’ve taken to reduce our environmental impact while enhancing the resilience of strata communities. 

A Closer Look at Our Sustainability Milestones in FY24 

• Builders Panel Initiative:

This year, we established a Builders Panel with 40 builders selected from over 90 companies, ensuring that each aligns with CHU’s sustainability vision. By partnering with builders who prioritise sustainability and are committed to the same goals, we have commenced the pathway towards achieving Scope 3 carbon emissions reductions and offsetting and championing the positive change across the strata industry. 

• Full Scope Net Zero Goals:

We’ve mapped our goals against the Insurance Council of Australia’s (ICA) Climate Change Roadmap, keeping us on track to meet and exceed industry set targets.  

• Continued to reduce and offset our scope 1& 2 emissions:

CHU has been Scope 1 & 2 carbon neutral for the past 4 years. We continue to make changes within our business such as transition to hybrid vehicles, choose green options when travelling and in our procurement of marketing collateral and planting trees with ForkTree in South Australia to offset any remaining carbon emissions.   

Sustainability Impact Report FY2024 

Our report tracks our progress and achievements in the FY24 period  Using the Global Reporting Initiative (GRI) framework, the report is structured into four key areas: Planet, People, Prosperity, and Partnership.  

Each section highlights our actions and progress across the organisation, based on data collected annually from all business units. This year’s report also integrates the Insurance Council of Australia (ICA) roadmap and continues to reflect our Sustainability CHARTER, which sets out our sustainability goals. 

Our customers are central to every decision we make, and building a better, greener and brighter future will benefit the whole community.  
 
We invite you to read our FY24 Sustainability Impact Report, this is a road we all must take, so we will continue to innovate and make positive changes that will lead us towards our net-zero goal.