Our approach to sustainability and community investment
As a company that helps people and businesses protect themselves and recover from risk, QBE has a focus on sustainability and this is an integral part of achieving our purpose, understanding the needs of our customers and ensuring the sustainability of our business. To provide quality solutions for our customers, we seek to understand the trends impacting them and the broader communities in which we operate.
As an insurance company, we are uniquely placed to help people in their times of need and our community investments reflect this. Our key avenues for community contribution across our global business divisions include:
- The QBE Foundation;
- Sponsorship and events; and
- Business initiatives (such as Premiums4Good).
Our QBE Foundation approach
The QBE Foundation partners with impactful not-for-profits to protect vulnerable communities, enable financial resilience, strengthen their health and wellbeing, and to build more inclusive, sustainable communities. Our community approach is underpinned by employee engagement and the Sustainable Development Goals:
- Employee engagement: Local volunteering and giving activities that engage and support our employees to make a positive contribution to the communities in which they live and work;
- Sustainable Development Goals (SDGs): Major partnerships and funding aligned with our priority SDGs. These SDGs align most closely to QBE’s purpose and strategic business priorities, and therefore are where we can have the greatest impact:
SDG 1 – No poverty
SDG 3 – Good health and well-being
SDG 5 – Gender equality (and SDG 10 – Reduced inequalities)
SDG 8 – Decent work and economic growth
SDG 11 – Sustainable cities and communities
SDG 13 – Climate action
The QBE Foundation (QBE European Operations Foundation) is a registered charity (Charity number 1143828) guided by its Trustees who are responsible for making its funding decisions for the benefit of the community.
You can read our community news here - https://qbeeurope.com/community/
Charity partnership
QBE European Operations is partnered with Alzheimer’s Society for 2018/19. The charity won the employee vote with an impressive 45% of votes cast. QBE is also leading the way with our peer group in the insurance industry by becoming one of the first corporate partners taking a lead to drive awareness through our relationship with Insurance United Against Dementia. All funds we raise with them will also support the valuable work of the Alzheimer’s Society.
Premiums4Good
We think that buying insurance shouldn’t just be about business. We want it to benefit communities at the same time, so we offer you the chance to make a difference with your premium. When you pay us your premium, we invest that money until we need it to pay claims. If you join QBE Premiums4Good, we will invest 25 per cent of your premium in project that help the environment or deliver direct, sustainable benefits to communities, such as those aimed at reducing homelessness.