QBE commits to UN Global Compact

QBE commits to UN Global Compact | Insurance Business

QBE commits to UN Global Compact

One of the biggest names in Australia’s insurance industry has joined the world’s largest corporate sustainability initiative.

QBE Insurance Group (QBE) has signed on as a participant in the United Nations (UN) Global Compact.

Read more: UN courts Australian insurance industry

As a special initiative of the UN Secretary-General, the UN Global Compact works with companies to align their operations and strategies with 10 universal principles in the areas of human rights, labour, environment, and anti-corruption. Launched in 2000, the UN Global Compact guides and supports the global business community in advancing UN goals and values through responsible corporate practices.

According to the UN, the compact has over 10,000 companies and 3,000 non-business signatories based in over 160 countries and 68 local networks, making it the largest corporate sustainability initiative in the world.

“We are very pleased to be pledging our support of the United Nations Global Compact and are committed to making its 10 principles part of our strategy, culture and day-to-day operations at QBE,” said Viv Bower, group executive corporate affairs and sustainability at QBE. “At QBE we are continuing to progress our commitment to sustainability and look forward to working collaboratively with the Global Compact Network Australia on projects which advance the broader development goals of the United Nations, particularly the United Nations Sustainable Development Goals (SDGs),”