📣 Introducing Tracenable Pro: Unlock Unlimited Data Exports & Disclosures Access.
QBE Insurance Group Ltd
QBE Insurance Group's GHG Emissions Data Preview
In 2024, 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 9 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 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
Verified Sources Behind QBE Insurance Group’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore QBE Insurance Group’s data sources below and access millions more through our Disclosure Search.
Insights into QBE Insurance Group's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofQBE Insurance Group amounted to15,159metric 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).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of QBE Insurance Groupdecreased by 10.07%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
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 2024, the total Scope 1 emissions of QBE Insurance Group were 7,746 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has QBE Insurance Group reduced its Scope 1 emissions over time?
Since 2019, QBE Insurance Group's Scope 1 emissions have increased by 17.36%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), QBE Insurance Group's Scope 1 emissions decreased by 1.1%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are QBE Insurance Group's Scope 2 emissions?
In 2024, QBE Insurance Group reported Scope 2 greenhouse gas (GHG) emissions of 710 tCOâ‚‚e using the market-based method and 7,413 tCOâ‚‚e using the location-based method.a
Has QBE Insurance Group reduced its Scope 2 emissions over time?
Since 2019, QBE Insurance Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 55.69%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year(2023), QBE Insurance Group's Scope 2 emissions(Location-Based) fell by 17.85% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
What methodology does QBE Insurance Group use for Scope 2 reporting?
In 2024, QBE Insurance Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
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 2024, QBE Insurance Group reported 1,902,015 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of QBE Insurance Group includes a breakdown across 9of the 15 Scope 3 categories defined by the GHG Protocol,up from 8 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
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 2024, QBE Insurance Group reported total Scope 3 emissions of 1,902,015 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 1.01%of these emissions originated from upstream activities such as purchased goods and capital goods, while 98.99%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has QBE Insurance Group reduced its Scope 3 emissions over time?
Since 2019, QBE Insurance Group's Scope 3 emissionshave increased by 11,904.64%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), QBE Insurance Group's Scope 3 emissions increased by 8,310.41%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does QBE Insurance Group disclose?
In 2024, QBE Insurance Group reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.a
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 2024, the largest contributors to QBE Insurance Group's Scope 3 emissions were:a
- Investments (Cat. 15): 1,882,609 tCOâ‚‚e(98.98%)
- Business Travel (Cat. 6): 7,123 tCOâ‚‚e(0.37%)
- Employee Commuting (Cat. 7): 6,320 tCOâ‚‚e(0.33%)
QBE Insurance Group's Scope 3 Emissions by Categories
Insights into QBE Insurance Group’s GHG Emissions Intensity Compared to Industry Peers
In 2024, QBE Insurance Group reported Scope 1 greenhouse gas (GHG) emissions of 7,746 tCOâ‚‚e and total revenues of USD 28,796 millions. This translates into an emissions intensity of 0.27 tCOâ‚‚e per millions USD.a
QBE Insurance Group's Scope 1 Emissions Intensity Compared to Peers
How does QBE Insurance Group's GHG emissions intensity compare to its peers?
In 2024, QBE Insurance Group reported a Scope 1 emissions intensity of 0.27 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.3, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does QBE Insurance Group rank on GHG emissions intensity within its industry?
In 2024, QBE Insurance Group ranked 10 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
QBE Insurance Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into QBE Insurance Group's Total Carbon Footprint
In 2024, QBE Insurance Group reported a total carbon footprint of 1,917,174 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4,757.17% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to QBE Insurance Group's total carbon footprint was Scope 3 emissions, accounting for 99.21% of the company's total carbon footprint, followed by Scope 1 emissions at 0.4%.a