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Public Profile
Insurance Services
AU
updated 3 days ago

Qbe Insurance

Company website

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.

74

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.

28

Industry Benchmark

Qbe Insurance's score of 74 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.

89%

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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 Scope 1 emissions of about 7,746,000 kg CO2e, Scope 2 emissions of approximately 710,000 kg CO2e (market-based), and significant Scope 3 emissions totalling around 19,406,000 kg CO2e. QBE has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 emissions by 30% by 2025, using 2018 levels as a baseline. This target aligns with a science-based trajectory consistent with limiting global warming to 1.5°C. Additionally, the company has committed to achieving net-zero emissions for its operational Scope 1 and 2 emissions by 2030, with plans to include a defined inventory of Scope 3 emissions relevant to its operations. The company’s emissions data is not cascaded from any parent organization, indicating that these figures are independently reported by QBE Insurance Group Limited. QBE's ongoing efforts reflect a proactive approach to sustainability within the insurance industry, demonstrating a commitment to reducing its carbon footprint and addressing climate change.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

201320142015201620172018201920202021202220232024
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Qbe Insurance's primary industry is Insurance and pension funding services, except compulsory social security services (66), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Qbe Insurance is in AU, which has a very high grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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