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• Report and be accountable

• About
  • Financial Strength
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  • Corporate Social Responsibility
    • ClimateWise
      • Lead in risk analysis
      • Inform public policy making
      • Support climate awareness amongst our customers
      • Incorporate climate change into our investment strategies
      • Reduce the environmental impact of our business
      • Report and be accountable
    • The QBE Foundation

Report and be accountable

6.1 Board level sponsor for climate change strategy

Considerations of environmental impact are a key component in business strategy and planning at Group level and within QBE EO.  The Group level QBE’s chief risk officer and chief actuarial officer have been appointed as the senior executives responsible for monitoring and managing risks and opportunities relating to climate change on an ongoing basis in order to mitigate any adverse effects on our business.  The QBE board member responsible for the company’s climate change strategy is David Cooney, QBE EO Operations Director.

QBE’s Emerging Risk Group (ERG) was created to co-ordinate the processes for identification and management of emerging risks such as climate change. 

Over the last year the company has invested in external support to establish not only baseline emissions for 2008/9, but also support the development of a robust system for the on-going monitoring of environmental KPIs.  The data obtained through this process is being used to identify opportunities for improvement and support public reporting (see Principle 5.3).

QBE has also invested in the creation of an intranet to engage with and inform employees – climate change is a key issue of the environment page (see Principle 5.4)

 Climate Change in the QBE Annual Report 2008

6.2 Annual Statement

This report constitutes a statement of actions taken by QBE in response to its commitments under ClimateWise.  This report will be submitted to ClimateWise during June 2009 and posted on the QBE Environmental Intranet to support employee engagement.

The Environment Intranet is updated on an on-going basis with new actions and initiatives as they happen throughout the year.