QBE Insurance Group Ltd
QBE Insurance Group's GHG Emissions Data Preview
In 2023, QBE Insurance Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).
QBE Insurance Group has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into QBE Insurance Group's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of QBE Insurance Group amounted to 15,995 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).
Compared to 2022, the total operational greenhouse gas (GHG) emissions of QBE Insurance Group decreased by 2.69%, showing that the company has made progress in taking action to reduce the climate impact of its operations.
QBE Insurance Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are QBE Insurance Group's Scope 1 emissions?
In 2023, the total Scope 1 emissions of QBE Insurance Group were 6,971 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has QBE Insurance Group reduced its Scope 1 emissions over time?
Since 2018, QBE Insurance Group's Scope 1 emissions have decreased by 16.15%, reflecting a declining long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), QBE Insurance Group's Scope 1 emissions increased by 8.11%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.
What are QBE Insurance Group's Scope 2 emissions?
In 2023, QBE Insurance Group reported Scope 2 greenhouse gas (GHG) emissions of 744 tCOâ‚‚e using the market-based method, and 9,024 tCOâ‚‚e using the location-based method.
Has QBE Insurance Group reduced its Scope 2 emissions over time?
Since 2018, QBE Insurance Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 60.01%, reflecting a declining long-term trend in Scope 2 emissions over time.
Compared to the previous year (2022), QBE Insurance Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that QBE Insurance Group 's emissions have plateaued with no significant change in its energy consumption footprint.
What methodology does QBE Insurance Group use for Scope 2 reporting?
In 2023, QBE Insurance Group reported its Scope 2 emissions using the market-based method and using the location-based method.
QBE Insurance Group's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into QBE Insurance Group's Value Chain Emissions
In 2023, QBE Insurance Group reported 22,606 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2023 disclosure of QBE Insurance Group includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.
QBE Insurance Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are QBE Insurance Group's Scope 3 emissions?
In 2023, QBE Insurance Group reported total Scope 3 emissions of 22,606 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 99.54% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.46% came from downstream activities like product use, distribution, and end-of-life treatment.
Has QBE Insurance Group reduced its Scope 3 emissions over time?
Since 2018, QBE Insurance Group's Scope 3 emissions have increased by 20.2%, reflecting a rising long-term trend in Scope 3 emissions over time.
Compared to the previous year (2022), QBE Insurance Group's Scope 3 emissions increased by 15.37%, suggesting that the company faced challenges in reducing emissions across its value chain.
What categories of Scope 3 emissions does QBE Insurance Group disclose?
In 2023, QBE Insurance Group reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol.
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of QBE Insurance Group's Scope 3 emissions?
In 2023, the largest contributors to QBE Insurance Group's Scope 3 emissions were:
- Business Travel (Cat. 6): 10,944 tCOâ‚‚e (48.41%)
- Fuel- and Energy-Related Services (Cat. 3): 6,057 tCOâ‚‚e (26.79%)
- Employee Commuting (Cat. 7): 2,862 tCOâ‚‚e (12.66%)
QBE Insurance Group's Scope 3 Emissions by Categories
Insights into QBE Insurance Group's Total Carbon Footprint
In 2023, QBE Insurance Group reported a total carbon footprint of 38,601 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 7.13% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.
The largest contributor to QBE Insurance Group's total carbon footprint was Scope 3 emissions, accounting for 58.56% of the company's total carbon footprint, followed by Scope 2 emissions at 23.38%.