In 2023, QBE Insurance Group conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards.The company provided a breakdown of its waste by treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.
| Metric (tonnes) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Waste Generated | 506a | 390a | 395a | |
Total Waste Recovered | 218a | 183a | 240a | |
Total Hazardous Waste Generated | N/A | N/A | N/A | |
Non-Hazardous Waste Disposed | N/A | N/A | N/A |
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In 2023, QBE Insurance Group generated a total of 506metric tonnes of waste.a
Of this amount, 43.08% of QBE Insurance Group's total waste generated was recovered through methods such as recycling, reuse, or composting, while 56.92% was disposed of through landfilling, incineration, or combustion.a
In 2023, QBE Insurance Group reported a total waste generation of 506 metric tonnes, of which 43.08% was recovered through recycling, reuse, or composting.This moderate level of recovery indicates that QBE Insurance Group is taking steps toward improving its waste diversion practices, though there is still room to enhance recycling and recovery efforts.a
Since 2019, QBE Insurance Group's total waste generation decreased by 77.36%, yet rose by 29.74% in 2023, potentially indicating a temporary operational shift or inconsistency in waste management outcomes.a
Over the same period, QBE Insurance Group's waste recovery rate increased by 33.18%, but declined by 8.18% in 2023, potentially signaling volatility in waste treatment processes or shifting priorities in waste management.a
Overall, QBE Insurance Group’s waste generation and recovery data show a mixed and inconsistent trend. A deeper analysis of the company's activities, industry benchmarks, and operational changes is needed to assess its sustainability performance more precisely.