RI objectives for the reporting year included:
(I) Continue to implement RI strategy and update the RI policy.
QBE has continued to implement the RI strategy and updated the RI policy.
(ii) increase the depth of ESG integration into external managers.
QBE have extended the coverage of ESG integration to other asset classes and also enhanced the process
(iii) extension of ESG integration in the Fixed Income process
QBE have extended ESG integration to include Supranationals and also implemented more frequesnt ESG reviews on corporate issuers who have been flagged with a lower ESG rating.
iv) continue to work across the business to develop a whole of exclusions approach and
The whole of business exclusions policy is complex for a global corporate and is an ongoing piece of work that has board support. This continues to progress.
(v) Continue to grow impact investments pool.
QBE increased the pool of impact investments 26 to 32 securities and to cUSD450m.
vi) Develop an investments "climate chage position paper"
As part of QBE's committment to the TCFD an internal investments Climate Change Position Paper has been developed.