{"id":30920,"date":"2019-06-06T08:24:59","date_gmt":"2019-06-05T21:54:59","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=30920"},"modified":"2019-06-06T08:24:59","modified_gmt":"2019-06-05T21:54:59","slug":"qbe-renewable-energy-mb1085","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/qbe-renewable-energy-mb1085\/","title":{"rendered":"QBE Commits To 100% Renewable Electricity"},"content":{"rendered":"

\"QBE<\/p>\n

Insurance giant QBE has joined the RE100 initiative and pledged to source “100 per cent” renewable electricity for its operations around the world by the end of 2025.<\/p>\n

RE100<\/a> is an initiative led by The Climate Group in partnership with CDP; bringing together big businesses committed to 100% renewable electricity. To date, 178 companies have made a commitment to switch to 100% renewables under the RE100 banner.<\/p>\n

QBE says it is the first Australian headquartered insurance business to join the initiative.<\/p>\n

\u201cAs 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,” said<\/a> QBE Insurance Group CEO, Pat Regan. ” This decision aligns with QBE\u2019s support for the objectives of the Paris Agreement and our efforts to support the transition to a lower carbon economy.\u201d<\/p><\/blockquote>\n

The company will attempt to source renewable electricity locally in each of its operating divisions, but says where this isn’t possible renewable energy certificates will be purchased to achieve its 100% goal.<\/p>\n

The commitment builds on previous work the company has undertaken to slash its emissions – and to reduce its overall energy use by 15 per cent by 2021, based on 2018.<\/p>\n

QBE says last year it offset 47,000 tonnes of carbon dioxide equivalent across its operations and that it had achieved carbon neutrality for its business operations in 2018 through the Qantas Future Planet program.<\/p>\n

QBE Backing Away From (Some) Fossil Fuels<\/h2>\n

The insurer has previously come under fire for providing services to and investing in fossil fuel companies and projects – and it appears the company has been listening.<\/p>\n

In December last year, QBE confirmed<\/a> it wasn’t providing insurance services to Adani’s Carmichael mine and rail construction project in Queensland and did not intend to do so in the future.<\/p>\n

In March this year the company announced it would phase out its entire thermal coal business<\/a> by 2030 at the latest. Starting 1 July 2019, QBE will not provide new direct insurance services for new thermal coal mine, coal-fired power station or coal transport infrastructure projects.<\/p>\n

The company has also committed to targeting zero direct investments in the thermal coal industry by 1 July this year.<\/p>\n

However, according to Market Forces<\/a>, QBE intends to continue insuring and investing in oil and gas companies and projects – although the door has been left open for this to be phased out also<\/a>.<\/p>\n

A shareholder resolution<\/a> calling for the company to set targets to phase out exposure to all fossil fuels was lodged at QBE’s annual general meeting on 9 May 2019, but it only achieved 7.8% of the vote – a result blamed on major investors.<\/p>\n","protected":false},"excerpt":{"rendered":"

Insurance giant QBE has joined the RE100 initiative and pledged to source “100 per cent” renewable electricity for its operations around the world by the end of 2025.<\/p>\n","protected":false},"author":17,"featured_media":30921,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-30920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nQBE Commits To 100% Renewable Electricity - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"QBE has joined the RE100 initiative and pledged to source "100 per cent" renewable electricity for its operations around the world by the end of 2025.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/qbe-renewable-energy-mb1085\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"QBE Commits To 100% Renewable Electricity\" \/>\n<meta property=\"og:description\" content=\"QBE has joined the RE100 initiative and pledged to source "100 per cent" renewable electricity for its operations around the world by the end of 2025.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/qbe-renewable-energy-mb1085\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarQuotes\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-05T21:54:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/06\/qbe-renewable-energy.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michael Bloch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solar_quotes\" \/>\n<meta name=\"twitter:site\" content=\"@solar_quotes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/qbe-renewable-energy-mb1085\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/qbe-renewable-energy-mb1085\\\/\"},\"author\":{\"name\":\"Michael Bloch\",\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/#\\\/schema\\\/person\\\/66afd571aa00c2e442f0192ebac2f6f1\"},\"headline\":\"QBE Commits To 100% Renewable Electricity\",\"datePublished\":\"2019-06-05T21:54:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/qbe-renewable-energy-mb1085\\\/\"},\"wordCount\":445,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/qbe-renewable-energy-mb1085\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/06\\\/qbe-renewable-energy.jpg\",\"articleSection\":[\"General Solar & Storage News\"],\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/qbe-renewable-energy-mb1085\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/qbe-renewable-energy-mb1085\\\/\",\"url\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/qbe-renewable-energy-mb1085\\\/\",\"name\":\"QBE Commits To 100% Renewable Electricity - 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The RE100 is a global initiative bringing together major businesses committed to 100% renewable electricity. 200 big companies have joined the RE100 to date, representing 220 terawatt-hours of electricity demand\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"JinkoSolar - RE100","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/09\/jinkosolar-re100.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/09\/jinkosolar-re100.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/09\/jinkosolar-re100.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/09\/jinkosolar-re100.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/09\/jinkosolar-re100.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":25136,"url":"https:\/\/www.solarquotes.com.au\/blog\/sony-renewable-energy-mb0789\/","url_meta":{"origin":30920,"position":2},"title":"Sony Accelerates USA 100% Renewables Target","author":"Michael Bloch","date":"October 17, 2018","format":false,"excerpt":"A month after joining the RE100, Sony has brought forward its goal of\u00a0 reaching 100% renewable electricity in the USA from 2040 to 2030. By the end of last year it had achieved a level of 25% for its US operations, primarily through Renewable Energy Certificate contracts. In 2017, green\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Sony renewable energy target","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/10\/sony-renewable-energy.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/10\/sony-renewable-energy.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/10\/sony-renewable-energy.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/10\/sony-renewable-energy.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":44720,"url":"https:\/\/www.solarquotes.com.au\/blog\/longi-signs-on-to-ev100-and-ep100\/","url_meta":{"origin":30920,"position":3},"title":"Longi Signs On To EV100 And EP100","author":"Michael Bloch","date":"November 11, 2020","format":false,"excerpt":"Already a member of the RE100, solar manufacturer Longi has now joined the Climate Group's EV100 and EP100 initiatives. First, here's what all those 100's mean. RE100: A Climate Group initiative bringing together influential businesses around the world that are committed to 100% renewables. Longi joined the RE100 in March\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Longi founder and president Li Zhenguo","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/11\/longi-zhenguo.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/11\/longi-zhenguo.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/11\/longi-zhenguo.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/11\/longi-zhenguo.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/11\/longi-zhenguo.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":49330,"url":"https:\/\/www.solarquotes.com.au\/blog\/cca-re100-solar-mb1954\/","url_meta":{"origin":30920,"position":4},"title":"Coca-Cola Amatil Joins The RE100","author":"Michael Bloch","date":"April 14, 2021","format":false,"excerpt":"Beverage bottler Coca-Cola Amatil (CCA) has joined the RE100 renewable energy initiative after committing to 100% renewable electricity across its operations here and abroad. CCA operates in six countries - Australia, New Zealand, Indonesia, Papua New Guinea, Fiji and Samoa. In February, the company pledged to source all of its\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Coca Cola Amatil - solar panels","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/04\/coca-cola-renewables.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/04\/coca-cola-renewables.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/04\/coca-cola-renewables.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/04\/coca-cola-renewables.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/04\/coca-cola-renewables.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":40211,"url":"https:\/\/www.solarquotes.com.au\/blog\/sungrow-renewable-energy-mb1544\/","url_meta":{"origin":30920,"position":5},"title":"Sungrow Commits To 100% Renewable Electricity","author":"Michael Bloch","date":"June 1, 2020","format":false,"excerpt":"China's Sungrow, one of the world's largest manufacturers of solar inverters, has pledged to switch to 100% renewable energy for its electricity requirements by 2028. The announcement coincided with the firm joining the RE100, a global initiative led by The Climate Group that is bringing together major businesses committed to\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Sungrow 100% renewable energy target","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/06\/sungrow-renewable-energy.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/06\/sungrow-renewable-energy.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/06\/sungrow-renewable-energy.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/06\/sungrow-renewable-energy.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/06\/sungrow-renewable-energy.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/30920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=30920"}],"version-history":[{"count":3,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/30920\/revisions"}],"predecessor-version":[{"id":30924,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/30920\/revisions\/30924"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/30921"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=30920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=30920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=30920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}