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QBE Insurance, officially known as QBE Insurance Group Limited, is a prominent player within the "Other business services (74)" industry, headquartered in Sydney, Australia. Established in 1886, the company has a long-standing history of providing specialised insurance and risk management solutions across multiple regions, including Asia-Pacific, the Americas, and Europe.
QBE’s core offerings encompass a wide range of insurance products, such as property, casualty, and specialty insurance, distinguished by their customised approach and innovative risk assessment techniques. Recognised for its strong market presence and consistent growth, QBE has earned a reputation as one of Australia's leading insurers, with a focus on delivering reliable, tailored services to diverse business sectors.
80
DitchCarbon score
+44 vs industry average
Qbe Insurance’s score of 80 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Business Services is among the least carbon-intensive industries
Industry performance
0.146
20182025
The Business Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Qbe Insurance's reported carbon emissions
QBE Insurance, an Australian "Other business services (74)" company, reported total carbon emissions of approximately 34.6 million kg CO2e in 2025. This includes about 9.8 million kg CO2e from Scope 1 emissions, 8.45 million kg CO2e from Scope 2 emissions (location-based), and approximately 16.35 million kg CO2e from Scope 3 emissions.
In 2024, QBE Insurance's total carbon emissions were approximately 34.56 million kg CO2e, comprising around 7.75 million kg CO2e from Scope 1, 7.41 million kg CO2e from Scope 2 (location-based), and about 19.41 million kg CO2e from Scope 3 emissions.
The company has set several climate commitments:
- Near-term targets:
- Reduce Scope 1 and 2 carbon emissions by 30% by 2025, using a 2018 baseline. This is aligned with a 1.5°C trajectory science-based target.
- 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.
- Achieve net-zero emissions for QBE's operational Scope 1 and 2 emissions by 2030, with an expanded commitment to include material Scope 3 emissions.
- Long-term targets:
- Achieve net-zero emissions (Scope 1 and 2) in their underwriting portfolio by 2050.
- Commit to net-zero across all scopes for their own operations, investment, and underwriting portfolios by 2050.
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Qbe Insurance’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
8 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
2025 targetSee details
Active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Qbe Insurance4 months ago
80
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