Qbe Insurance

QBE Insurance, an Australian "Other business services (74)" company, reported global emissions of approximately 18,270,000 kg CO2e for Scope 1 and 2 in 2025. Their Scope 1 emissions were around 9,820,000 kg CO2e, and Scope 2 emissions (location-based) were approximately 8,450,000 kg CO2e. In 2024, their total reported emissions were 27,862,000 kg CO2e, which included Scope 1 at 7,746,000 kg CO2e, Scope 2 (location-based) at 7,413,000 kg CO2e, and Scope 3 at 19,406,000 kg CO2e. This marks a decrease from 2023, where total emissions were 31,191,000 kg CO2e, with Scope 1 at 7,832,000 kg CO2e, Scope 2 (location-based) at 9,024,000 kg CO2e, and Scope 3 at 22,615,000 kg CO2e.

QBE Insurance has committed to several climate reduction targets. They aim to reduce Scope 1 and 2 carbon emissions by 30% by 2025, using a 2018 baseline. Additionally, QBE Insurance plans to achieve net-zero emissions for its operational Scope 1 and 2 emissions by 2030, with some documents indicating an expansion to include material Scope 3 emissions. For their underwriting portfolio, they have a long-term goal of net-zero Scope 1 and 2 emissions by 2050. They also target a 25% reduction in the Scope 1 and 2 carbon intensity of their developed market equity portfolio by 2025, relative to a 2019 baseline.