After insurer, QBE announced it will exit insuring thermal coal mines and power stations due to climate change by 2030 it has announced it has committed to sourcing 100% renewable electricity.
“In 2018, we offset more than 47,000 tonnes of carbon dioxide equivalent across our operations in 31 countries around the world,” Regan said. “Now, with this commitment to use 100% renewable electricity by 2025, we are going a step further in our efforts to reduce QBE’s impact on the environment. As an international insurer, with insurance products covering a diverse portfolio around the globe, we are acutely aware of the risks and opportunities that climate change presents for our customers and our business.
Full story from the Insurance Business Magazine below.