QBE North America looks to invest US$1bn in Impact Investments by 2021

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QBE impact investingAs a global leader in sustainable investing, QBE’s ambition is to grow impact investments, to US $1 billion by 2021.

“Our Impact Investment Bonds allow us to partner with investors to transform struggling neighborhoods by channeling capital into community-strengthening projects,” said Andy Rachlin, Managing Director, Lending and Investment, Reinvestment Fund. “These projects create opportunities for new jobs, affordable housing, quality education and healthy food access—the critical elements of healthy, thriving communities.”

QBE North America announced that its Premiums4Good (P4G) program made its first impact investment of 2019. The program allocates a portion of policyholder premium towards impact investments that have a social or environmental objective alongside generating a positive financial return.

Issued by Reinvestment Fund, a S&P-rated Community Development Financial Institution (CDFI), the bond will support loans to organizations focused on one of the following community impacts: education, food commerce, commercial enterprise, healthcare, housing, community resources, or climate solutions.

The bond will support loans to organizations focused on one of the following community impacts: education, food commerce, commercial enterprise, healthcare, housing, community resources, or climate solutions.

This investment is in-line with QBE’s commitment to sustainability and aligned with the UN Sustainability Development Goals (SDGs).

Globally, QBE invests in bonds focused on economic inclusion with multilateral organizations such as the International Finance Corporation (IFC), a division of the World Bank. One such social impact bond, the IFC Social Bond program, provides financing to women-owned enterprises and businesses operating in low-income communities in emerging markets.

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