QBE staff get donuts as QBE scores donuts on climate action scorecard

QBE Sydney Market Forces action 2018

Tuesday 4 December 2018 This morning staff arriving at global insurance company QBE’s head office in Sydney were offered free donuts by Market Forces volunteers. The donuts represent QBE’s shameful zero scores on the international insurance climate scorecard released this week. Twenty-four global insurance companies were rated on their coal … Read More

QBE falling behind competitors on climate action

Monday 3 December 2018 All over the world, the damage humans are doing to our climate is increasingly evident. Heat records are being smashed, droughts are taking their toll, floods and bushfires are costing lives and homes. Both the UN and the International Energy Agency have released reports proving that … Read More

IAG still won’t commit to divest from coal

26 October 2018 “We are feeling the effects of climate change already: we see it in our own industry’s data, which tells us an inescapable truth.” That was CEO Peter Harmer today at Insurance Australia Group (IAG’s) annual general meeting (AGM). His company used the meeting to launch a ‘climate … Read More

QBE customers leaving insurer due to fossil fuel support

Market Forces has compiled videos of QBE customers from all over Australia calling on the insurer to end its investment in and insuring of coal, oil and gas companies. The customers pledge to leave the insurer until it stops fueling global warming. Despite having its profits hit by extreme weather, … Read More

QBE to review climate risk of investments and underwriting

16 August 2018 Yesterday, volunteers from Market Forces and 350.org visited QBE’s head office in Sydney and spoke to staff about its climate change policies. QBE, Australia’s largest global insurer, is facing increasing pressure to end its support for fossil fuels. The company is an important provider of insurance to … Read More

IAG: Federal Government is deaf on climate change

20 October 2017 In a week dominated by the Federal Government’s capitulation to the coal lobby in its latest instalment of energy policy failure, it was an opportune time for Australia’s largest general insurer – IAG – to call out the need for tougher action on climate change at their … Read More

Suncorp to divest from fossil fuels?

21 September 2017 At Suncorp’s Annual General Meeting (AGM) in Brisbane today, company chair Ziggy Switkowski made the quite unexpected commitment to reduce the company’s fossil fuel exposure to an ‘immaterial’ amount over the next two years. The revelation came in response to repeated questions from shareholders about climate change, … Read More

QBE supporting Adani!

At their annual general meeting in Sydney, QBE revealed that even though it has not yet been approached to underwrite the Carmichael mega mine, it has an ongoing relationship with the mine’s owner, Adani. The insurer, which operates globally and is a major underwriter of fossil fuel infrastructure, supports Adani’s … Read More