Qbe Insurance
QBE Insurance Group Limited, commonly known as QBE Insurance, is a leading global insurer headquartered in Sydney, Australia. Founded in 1886, QBE has established a strong presence across major operational regions, including North America, Europe, and the Asia-Pacific. The company operates within the insurance industry, focusing on various business areas such as property, casualty, and specialty insurance. QBE's core products and services are distinguished by their tailored solutions and customer-centric approach, catering to both individual and commercial clients. With a commitment to innovation and risk management, QBE has achieved notable milestones, including its recognition as one of the top 20 insurers worldwide. This market position underscores QBE's dedication to delivering reliable insurance solutions while maintaining a strong financial foundation.
DitchCarbon Score
How does Qbe Insurance's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Qbe Insurance's score of 77 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Qbe Insurance's reported carbon emissions
In 2024, QBE Insurance reported total carbon emissions of approximately 27,862,000 kg CO2e, a decrease from about 31,191,000 kg CO2e in 2023. The emissions breakdown for 2024 includes 7,746,000 kg CO2e from Scope 1, 710,000 kg CO2e from Scope 2 (market-based), and a significant 19,406,000 kg CO2e from Scope 3 emissions. This indicates a continued focus on managing emissions across all scopes, particularly in Scope 3, which encompasses indirect emissions from the value chain. QBE has set ambitious targets to reduce its carbon footprint, aiming for a 30% reduction in Scope 1 and 2 emissions by 2025, using 2018 levels as a baseline. This commitment aligns with a science-based target trajectory consistent with limiting global warming to 1.5°C. Additionally, QBE has pledged to achieve net-zero emissions for its operational Scope 1 and 2 emissions by 2030, with plans to expand this commitment to include relevant Scope 3 emissions. The company has made significant strides in its sustainability initiatives, including a target to reduce energy use by 15% by 2021 and a 25% reduction in the carbon intensity of its developed market equity portfolio by 2025, relative to a 2019 baseline. These efforts reflect QBE's commitment to addressing climate change and enhancing its environmental performance in the insurance sector.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 10,777,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 33,639,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 |
| Scope 3 | 11,847,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Qbe Insurance is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
