QBE Insurance, a leading international insurer with operations spanning over 31 countries globally, has been announced as the newest member of the Business Council for Sustainable Development Australia (BCSD Australia).
QBE’s decision to join BCSD Australia follows the company’s recent commitment to phase out insurance services for thermal coal customers by 2030, and its participation in the newly created Australia Sustainable Finance Initiative (ASFI).
“We are pleased to welcome and work with QBE, one of the giants in the Australian insurance industry. QBE understands the threat posed to our environment, well-being and economy by climate change and is adjusting its operations for a greater positive impact on climate change,” said Andrew Petersen, CEO of BCSD Australia.
QBE Group CEO, Pat Regan, said the company was pleased to join BCSD along with other forward-thinking companies who are committed to a more sustainable Australia.
“The sustainability of our business is a significant focus for QBE, and we have made a great deal of progress over the last couple of years in integrating environmental, social and governance considerations across our business.
“We believe that a long‑term, holistic view of risks and opportunities is critical to enabling us to continue creating value for our shareholders and we look forward to working with like-minded organisations, through the BCSD.”
About the Business Council for Sustainable Development Australia (BCSD Australia)
Previously known as Sustainable Business Australia, the Business Council for Sustainable Development Australia (BCSD Australia) is the national peak body representing forward-thinking companies and organisations that are working towards the transition to a sustainable Australia. Our mission is to accelerate this transition by making sustainable business more successful. We are the Australian partner of the World Business Council for Sustainable Development, the We Mean Business coalition and the Carbon Disclosure Project, and we are the Australian focal point for the Natural Capital Coalition. Our members come from all sectors and industries, representing more than 150,000 employees across Australia.