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QBE Insurance Group Limited

PRI reporting framework 2019

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

QBE’s investment philosophy is to strike an appropriate balance between the return objectives of the organisation and our appetite for risk, earnings volatility and capital consumption, while managing climate-related and other non-traditional financial risks. The investment strategy is revisited annually as part of the business planning process and incorporates our expectations regarding economic and market performance for the year ahead, as well as the valuation of, and likely correlations between, the asset classes.  QBE believe that ESG factors are a core input in achieving these objectives.

As a large, global investor and capital allocator QBE's investment decisions have an impact on the environment and the community and therefore takes its responsibility as a capital provider seriously. Alongside financial analysis and other relevant investment considerations Responsible Investments is an integral part of QBE's approach to investing and believe it provides enhancements to investment decision making and is core in analysis that is performed.

 

 

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

01.6. Additional information [Optional].

          
        
I confirm I have read and understood the Accountability tab for SG 01 I confirm I have read and understood the Accountability tab for SG 01

SG 01 CC. Climate risk (Not Applicable)


SG 02. Publicly available RI policy or guidance documents

New selection options have been added to this indicator. Please review your prefilled responses carefully.

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

02.3. Additional information [Optional].


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

QBE is committed to ensuring that actual, potential and perceived conflicts of interest are identified and avoided, or in situations where they cannot be avoided, that they are appropriately managed.

Conflicts of interest are circumstances where some or all the interests of clients to whom QBE or our representative provides financial or related services, are inconsistent with or diverge from, some or all the interests of QBE or our representatives. This includes actual, apparent and potential conflicts.

Employees, when representing QBE, must declare their interest when they see an actual or potential conflict of interest or a possible perception of a conflict of their personal interests with QBE, clients and financial markets.

Any conflicts are then dealt with under QBE existing policies or procedures. If the conflict is not dealt with under any QBE policy or procedure, the conflict must be appropriately reported.

Our governance approach supports QBE’s commitment to responsible investment. This includes our Code of Ethics and Conduct and our ongoing management of conduct risk.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios

04.1. Indicate if your organisation has a process for identifying and managing incidents that occur within portfolio companies.

04.2. Describe your process on managing incidents

Within the Investment portfolio, all issuers are subject to ongoing monitoring by Portfolio Managers with a focus on credit rating, news flow or changes in financial outlook of the company, including daily monitoring. ESG considerations complement these practices, including issuers where there is increased potential for risk, including emerging controversies. This is supported by external ESG data providers and industry analysis. We engage with portfolio companies and managers on issues which are material.


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