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 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 32 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Qbe Insurance's reported carbon emissions
In 2023, QBE Insurance reported total carbon emissions of approximately 27,070,000 kg CO2e, with Scope 1 and 2 emissions accounting for about 7,715,000 kg CO2e. This marks a significant increase from previous years, where emissions were approximately 23,627,000 kg CO2e in 2022 and 15,030,000 kg CO2e in 2021. The breakdown of emissions in 2023 indicates that QBE continues to disclose emissions across all three scopes, although specific Scope 3 data for 2023 is not available. In 2022, Scope 3 emissions were approximately 15,896,000 kg CO2e, highlighting the importance of addressing indirect emissions in their overall climate strategy. Despite the increase in total emissions, QBE has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. This lack of formal commitments may reflect broader industry challenges in setting ambitious climate goals. Overall, QBE Insurance's emissions data illustrates the ongoing need for enhanced climate action and transparency in their sustainability efforts, particularly in light of the increasing trend in emissions over recent years.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 8,686,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | - |
| Scope 2 | 25,155,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | - |
| Scope 3 | 25,256,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 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 committed to some reduction initiatives 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.
