QBE Insurance

Multi-line Insurance / Reinsurance
QBE.AX
AUD 12 (0.76)%
Share price
$ 11 bn
Market Cap
$ 10 bn
Enterprise Value

Carbon footprint

0.58 Ton
GHG emissions per $ 1 mln investment
0.01x the weighted average for S&P 500
FY2021
How is this calculated?
+3.1%
YOY change in GHG emissions
Weaker than the +4.9% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-11%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Stronger than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

QBE Insurance aims to achieve net zero for Scope 1 + 2 by 2030


This target has not been verified as science based according to SBTi
QBE Insurance's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-3.4%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -7.1% weighted average for S&P 500
FY2022
How is this calculated?

QBE Insurance aims to achieve net zero for all Scopes by 2050


This target has not been verified as science based according to SBTi
QBE Insurance's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

QBE Insurance's GHG emissions (market-based) (Kt of CO2e)

QBE Insurance's carbon footprint

QBE Insurance reported gross GHG emissions (Scope 1 + 2 before carbon offsets) for the twelve months ending 31 December 2021 at 6.1 Kt (+0.18/+3.1% y-o-y).

QBE Insurance's Scope 3 emissions decreased to 9 Kt (-0.52 /-5.5% y-o-y). The rate of decline has slowed vs. the previous periods (CAGR -15.8% since 4Q'16).

The company is committed to achieving net zero for Scope 1 + 2 by 2030, which translates into the estimated reduction of -0.67 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -0.52 Kt per annum over the period of FY2022 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

QBE Insurance achieved carbon neutrality across its operations (Scope 1 + 2) in 2018. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Company environmental metrics

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