Qbe Insurance

QBE Insurance, an Australian "Other business services (74)" company, reported total carbon emissions of 41,533,000 kg CO2e in 2025. This includes 9,820,000 kg CO2e from Scope 1 emissions, 8,450,000 kg CO2e from Scope 2 emissions (location-based), and 23,208,000 kg CO2e from Scope 3 emissions. Key contributors to Scope 3 emissions in 2025 were business travel (7,266,000 kg CO2e), employee commute (5,579,000 kg CO2e), and capital goods (2,566,000 kg CO2e).

Looking back, QBE Insurance's total emissions in 2024 were 27,862,000 kg CO2e, comprising 7,746,000 kg CO2e from Scope 1, 7,413,000 kg CO2e from Scope 2 (location-based), and 19,406,000 kg CO2e from Scope 3. In 2023, total emissions were 31,191,000 kg CO2e, with 7,832,000 kg CO2e from Scope 1, 9,024,000 kg CO2e from Scope 2 (location-based), and 22,615,000 kg CO2e from Scope 3.

QBE Insurance has set several climate commitments. The company aims for a 30% reduction in Scope 1 and 2 carbon emissions by 2025, using a 2018 baseline. They are also targeting a 25% reduction in the Scope 1 and 2 carbon intensity of their developed market equity portfolio by 2025, relative to a 2019 baseline. Furthermore, QBE Insurance is committed to achieving net-zero operational emissions (Scope 1 and 2) by 2030, with plans to expand this to include material Scope 3 emissions. The company also has a long-term goal of net-zero emissions (Scope 1 and 2) in its underwriting portfolio by 2050.