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 30 is higher than 82% 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 reduction from previous years, reflecting a commitment to lowering their carbon footprint. In 2022, the company emitted around 23,627,000 kg CO2e, while in 2021, emissions were approximately 15,030,000 kg CO2e. The trend indicates a focus on reducing emissions, particularly in Scope 1 and 2 categories, which include direct emissions from owned or controlled sources and indirect emissions from the generation of purchased electricity. Despite these reductions, QBE has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of formal targets suggests that while QBE is actively monitoring and reporting its emissions, it may still be in the early stages of establishing comprehensive climate commitments. Overall, QBE Insurance's emissions data highlights a proactive approach to climate action, with ongoing efforts to track and reduce their carbon emissions in alignment with industry standards.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Get Started| 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 not committed to any 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.
