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 64 is higher than 99% 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 31,191,000 kg CO2e. This figure includes 7,832,000 kg CO2e from Scope 1 emissions, 744,000 kg CO2e from Scope 2 emissions, and 22,615,000 kg CO2e from Scope 3 emissions. Notably, the company has set ambitious climate commitments, aiming for a 30% reduction in Scope 1 and 2 emissions by 2025, using a 2018 baseline. Furthermore, QBE is committed to achieving net-zero emissions across all scopes by 2030. Over the years, QBE has demonstrated a significant reduction in emissions, with total emissions decreasing from approximately 59,097,000 kg CO2e in 2016 to the current figure. This reflects a proactive approach to sustainability and climate responsibility within the insurance industry.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 8,686,000 | 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 | 25,155,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 |
| Scope 3 | 25,256,000 | 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
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.
