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.
+40 vs industry average
Qbe Insurance’s score of 72 is higher than 81% 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
Business Services has below-average carbon intensity
Industry performance
The Business Services industry has increased its overall emissions by 24% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Qbe Insurance's reported carbon emissions
QBE Insurance, headquartered in Australia, reported a total of approximately 43.3 billion kg CO2e emissions for the 2024 fiscal year. This figure encompasses Scope 1, 2, and 3 emissions. For the 2025 fiscal year, QBE Insurance's reported emissions totalled approximately 47.2 billion kg CO2e. This includes Scope 1 emissions amounting to approximately 9.8 million kg CO2e, Scope 2 emissions at approximately 8.5 million kg CO2e, and Scope 3 emissions at approximately 47.2 billion kg CO2e. QBE Insurance is committed to achieving net-zero emissions for its operations by 2030, with a target of a 30% reduction in Scope 1 and 2 carbon emissions by 2025 from a 2018 baseline. The company also aims for net-zero emissions across its underwriting portfolio by 2050. An earlier target was set to reduce energy use by 15% by 2021 from a 2018 baseline. Furthermore, QBE Insurance is working towards a 25% reduction in the carbon intensity of its developed market equity portfolio by 2025, relative to a 2019 baseline.
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Qbe Insurance’s Climate Goals (2030 & 2050)
11 goals2025
30% reduction in Scope 2
30% reduction by 2025 of Scope 1 and 2 emissions (1.5°C trajectory aligned science-based target) (tCO2e)
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
8 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Qbe Insurance
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