The investments include projects that help the environment, like renewable energy, waste management and water conservation, and ones that deliver direct, sustainable benefits to communities such as helping the homeless or providing additional social care to adults and young people.
“Climate change is an important issue globally and all progress taken in this space needs to be sustainable. While we have taken steps as an enterprise to be better stewards of the environment, Premiums4Good takes it a step further and allows our customers to put their hand up and get involved in our collective effort to do better for the world – all without the need for them to put in additional resource or cost expenditures to do so,” said Jason Hammond, CEO for QBE Asia.
An example of a programme supported through Premiums4Good where participating customers’ premiums are invested into is QBE’s investment in the Asian Development Bank (ADB)’s Gender Thematic Bond, which brings gender equality support and women’s empowerment to the fore. Through targeted initiatives like this, communities have been able to improve social protection and health programmes, reduce poverty and better support the prevention of and response to gender-based violence. This has also seen more tangible strategies to further women’s entrepreneurship opportunities and to help them secure green and more financially stable jobs. As of July 2021, ADB has raised over US$2.9 billion through this programme.
Believing in social and environmental responsibilities that extend beyond compliance, another investment undertaken through Premiums4Good is OCBC Bank’s Green Bond, which supports green investment portfolios and projects in the renewable energy and green buildings categories in the Asia Pacific region. Projects through these bonds have to date collectively surpassed OCBC’s S$10 billion sustainable finance portfolio set in 2020, with a goal to reach a S$25 billion sustainable finance portfolio by 2025.
Premiums4Good is offered across QBE’s operations in Australia Pacific, Asia, Europe and North America, with an investment portfolio spanning multiple asset classes, geographies and impact areas. As of 31 December 2021, QBE has invested US$1.4 billion through Premiums4Good, with a goal to reach US$2 billion by 2025. To acknowledge the contributions its customers and partners can make, QBE issues a certificate of recognition for their Premiums4Good contributions.
“There is growing recognition for investment initiatives that drive a positive environmental and/or social impact including their real potential to contribute to addressing climate change issues. Premiums4Good is our commitment to putting purpose into action, to help our customers and partners to do the same and contribute actively to long-term sustainable and social change,” said Andy White, Chief Underwriting Officer for QBE Asia. “Premiums4Good demonstrates our leadership in the impact investment sector and how social value can integrate perfectly with business value to deliver both attractive risk-adjusted returns and positive social and environmental impact,” he continued.
This initiative is aligned with the United Nations’ Sustainable Development Goals (UNSDGs) to support advancement of these global goals. As a universal agreement to work towards a better future, the SDGs align closely with QBE’s own purpose of enabling a more resilient future. QBE recognizes the importance of our transition to net-zero and is committed to net-zero emissions across our operations by 2030, and our investment and underwriting portfolios by 2050.
Hashtag: #QBEAsia
About QBE Asia
QBE Asia is part of the International Division of QBE Insurance Group Limited, one of the world’s top general insurance and reinsurance companies. Headquartered in Sydney, QBE is listed on the Australia Securities Exchange (ASX). To learn more about QBE Insurance Group, please visit 
www.qbe.com
Services
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Upcoming Events
‘A WORKING LUNCH WITH NORDIN’: NATIONWIDE TOUR WITH TOYOTA
MGBF founding chairman Nordin Abdullah and UMW Toyota president Datuk Ravindran K. will delve into the convergence of automotive innovation and environmental sustainability in Penang, Sarawak, Johor and Pahang.
MGBF Roundtable: Digitalisation of the Food and Beverage Industry
Hosted by menumiz™ – an end-to-end restaurant management system – this roundtable will feature a case study presentation and a panel session to discuss the latest digital trends, challenges, and opportunities within the food and beverage sector.
THE SOUTH CHINA SEA: A THREAT OF DISRUPTION FOR BUSINESS?
In this episode of 'A Working Lunch with Nordin', MGBF's founding chairman, Nordin Abdullah, will host this discussion focusing on the biggest threats and opportunities for businesses as we look to manage change in the South China Sea.
FOOD SECURITY IN THE BREACH: INDUSTRIALISATION AND WEAPONISATION
This MGBF Roundtable will focus on regional food security issues and trends in the regional supply chain, and trade regulations and policies, including a new geopolitical tool i.e., weaponisation of supply chains.
MGBF In The News
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Planet QEOS and China Machinery Engineering Corporation (CMEC) are interested in investing RM10 billion to co-develop advanced Megawatt peak (MWp) agrovoltaic in Baram, to further boost Sarawak’s green energy initiative and food security. Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg was briefed on Friday by both the […]
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The Founding Chairman of the Malaysia Global Business Forum (MGBF), Nordin Abdullah, today spoke on Bernama TV’s leading English talk show, The Brief, hosted by Jessy Chahal, on the topic of a stable political reality and what that means for the Malaysian economy. Nordin said, “The first thing that it […]
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The upcoming budget represents an opportunity to build resilience in the critical sectors that will form the backbone of the country’s future-facing economic ambitions. This however needs to be achieved in the context of managing the community sectors most impacted by COVID-19 over the past two years. The Keluarga Malaysia (Malaysian Family) […]
KUALA LUMPUR, 6 July 2022 – As the global economy continues to deal with unprecedented levels of disruption caused by the pandemic and the conflict between Russia and Ukraine, the convergence of energy security and food security issues has become a front-of-mind issue faced by policy makers and consumers alike. […]
KUALA LUMPUR, 23 June 2022 — Malaysia Global Business Forum (MGBF) ties up with scoutAsia to ensure that businesses are equipped with deeper regional insights. The past two years has seen a massive shift in the way businesses are conducted with digitisation, digitalisation and automation continuously being adopted to improve […]
KUALA LUMPUR, 25 May 2022 – The Malaysia Global Business Forum (MGBF)’s exclusive roundtable on ‘Security Concerns in Critical Value Chains’ was held in a hybrid setting yesterday at the Eastin Hotel Kuala Lumpur. The guest of honour was Yang Berbahagia Tan Sri Dato’ Seri Rafidah Aziz, former minister of […]
