Potential offtaker

QBE Insurance Group Limited

www.qbe.com

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Which other companies from Australia are actively involved in decarbonization initiatives?
  • AGL Energy Limited
  • BlueScope Steel Ltd
  • Monash University
  • Aurizon Holdings Ltd
  • Iress Limited
  • IGO Limited
  • QBE is an Australian-based insurance company that operates in the Property and Casualty (P&C) Insurance Premiums sector. The company has a long-standing reputation for providing quality insurance products and services to businesses and individuals across the globe. QBE is committed to being a responsible corporate citizen and has taken significant steps towards decarbonisation and promoting renewable energy.

    Decarbonisation is a critical issue for the insurance industry, and QBE is leading the way in this area. The company has set ambitious targets to reduce its carbon emissions and has committed to becoming carbon-neutral by 2050. QBE has also pledged to reduce its carbon footprint by 30% by 2025, compared to its 2018 baseline. The company is achieving this through a range of initiatives, including investing in renewable energy and energy efficiency measures, reducing business travel, and promoting sustainable practices across its operations.

    Corporate energy is another area where QBE is making significant progress. The company has implemented a range of energy-saving measures across its offices, including installing energy-efficient lighting and heating systems, using renewable energy sources, and reducing waste. QBE has also implemented a corporate Power Purchase Agreement (PPA) to purchase renewable energy directly from wind and solar farms. This approach allows QBE to reduce its carbon footprint while also supporting the growth of renewable energy in Australia.

    The corporate PPA is a key part of QBE's renewable energy strategy. The company has committed to sourcing 100% renewable energy for its Australian operations by 2025, and the PPA is a critical part of achieving this goal. QBE has partnered with a leading renewable energy provider to purchase renewable energy directly from wind and solar farms. This approach allows QBE to reduce its carbon footprint while also supporting the growth of renewable energy in Australia.

    Renewable energy is a critical focus for QBE, and the company is committed to promoting its use across the industry. QBE has partnered with a range of organisations to promote renewable energy and energy efficiency, including the Climate Group's RE100 initiative. The RE100 initiative is a global campaign that brings together leading companies committed to sourcing 100% renewable energy. QBE is one of the founding members of the RE100 initiative and has committed to sourcing 100% renewable energy for its global operations by 2030.

    QBE's commitment to renewable energy and decarbonisation is not only good for the environment, but it also makes good business sense. The insurance industry is highly exposed to climate risk, and the impacts of climate change are already being felt across the industry. By reducing its carbon footprint and promoting renewable energy, QBE is reducing its exposure to climate risk and ensuring its long-term sustainability.

    In conclusion, QBE is a leading insurance company that is committed to being a responsible corporate citizen. The company is taking significant steps towards decarbonisation and promoting renewable energy, including implementing energy-saving measures, using renewable energy sources, and promoting sustainable practices across its operations. QBE's commitment to renewable energy and decarbonisation is not only good for the environment, but it also makes good business sense, reducing its exposure to climate risk and ensuring its long-term sustainability.

    ✓ Re100 member
    ✓ Declared Net Zero commitment