STOCK TITAN

QBE North America Increases Support for Blue Forest

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags

QBE North America has extended its support for Blue Forest, a conservation finance nonprofit, through November 15, 2024. The QBE Possibilities Fund will match donations up to $200,000 for philanthropic impact investments of at least $100 directed to Blue Forest's FRB Catalyst Facility via the CataCap platform. This initiative aims to promote climate resilience, racial equity, and gender equality.

The challenge grant is open to the public and QBE employees, introducing CataCap's capability to a broader audience. Philanthropic impact investing allows donors to generate social or environmental benefits alongside financial returns. Investment returns can be reinvested or granted to nonprofits. QBE Foundation has supported Blue Forest since 2022 with grants and philanthropic impact investments, aligning with QBE's purpose of enabling a more resilient future.

QBE North America ha ampliato il suo supporto a Blue Forest, un'organizzazione no-profit dedicata al finanziamento della conservazione, fino al 15 novembre 2024. Il QBE Possibilities Fund inizierà a eguagliare le donazioni fino a $200.000 per investimenti filantropici di impatto di almeno $100 diretti alla FRB Catalyst Facility di Blue Forest tramite la piattaforma CataCap. Questa iniziativa mira a promuovere la resilienza climatica, l'equità razziale e l'uguaglianza di genere.

Il regalo sfida è aperto al pubblico e ai dipendenti QBE, presentando le capacità di CataCap a un pubblico più ampio. Gli investimenti filantropici di impatto consentono ai donatori di generare benefici sociali o ambientali insieme ai ritorni finanziari. I ritorni sugli investimenti possono essere reinvestiti o concessi a organizzazioni no-profit. La QBE Foundation supporta Blue Forest dal 2022 con sovvenzioni e investimenti filantropici di impatto, in linea con lo scopo di QBE di consentire un futuro più resiliente.

QBE North America ha ampliado su apoyo a Blue Forest, una organización sin fines de lucro dedicada a la financiación de la conservación, hasta el 15 de noviembre de 2024. El QBE Possibilities Fund igualará donaciones hasta $200,000 para inversiones filantrópicas de impacto de al menos $100 dirigidas a la FRB Catalyst Facility de Blue Forest a través de la plataforma CataCap. Esta iniciativa tiene como objetivo promover la resiliencia climática, la equidad racial y la igualdad de género.

El regalo de desafío está abierto al público y a los empleados de QBE, presentando las capacidades de CataCap a una audiencia más amplia. La inversión filantrópica de impacto permite a los donantes generar beneficios sociales o ambientales junto con rendimientos financieros. Los rendimientos de la inversión pueden reinvertirse o otorgarse a organizaciones sin fines de lucro. La Fundación QBE ha apoyado a Blue Forest desde 2022 con subvenciones e inversiones filantrópicas de impacto, alineándose con el propósito de QBE de permitir un futuro más resiliente.

QBE 노스 아메리카는 블루 포레스트에 대한 지원을 확대했습니다, 이는 보존 금융 비영리 단체로 2024년 11월 15일까지입니다. QBE 가능성 기금은 $200,000까지의 기부금을 매칭합니다, 최소 $100이 블루 포레스트의 FRB 촉진 시설에 CataCap 플랫폼을 통해 직접 투자되는 자선적 영향 투자에 대해입니다. 이 이니셔티브는 기후 회복력, 인종 평등 및 성평등을 증진하는 것을 목표로 합니다.

도전 기부금은 일반 대중 및 QBE 직원에게 열려 있으며, CataCap의 기능을 넓은 청중에게 소개합니다. 자선적 영향 투자는 기부자가 재정적 수익을 동시에 사회적 또는 환경적 혜택을 생성하게 합니다. 투자 수익은 재투자되거나 비영리 단체에 기부될 수 있습니다. QBE 재단은 2022년부터 블루 포레스트를 지원해 오고 있으며, 자선적 영향 투자 및 보조금으로 QBE의 목적과 일치하여 보다 회복력 있는 미래를 가능하게 하고 있습니다.

QBE Amérique du Nord a étendu son soutien à Blue Forest, une organisation à but non lucratif consacrée à la finance de la conservation, jusqu'au 15 novembre 2024. Le QBE Possibilities Fund égalisera les dons jusqu'à 200 000 $ pour des investissements d'impact philanthropiques d'au moins 100 $ dirigés vers la FRB Catalyst Facility de Blue Forest via la plateforme CataCap. Cette initiative vise à promouvoir la résilience climatique, l'équité raciale et l'égalité des genres.

Le don de défi est ouvert au public et aux employés de QBE, présentant la capacité de CataCap à un public plus large. L'investissement d'impact philanthropique permet aux donateurs de générer des bénéfices sociaux ou environnementaux aux côtés de rendements financiers. Les rendements d'investissement peuvent être réinvestis ou accordés à des organisations à but non lucratif. La QBE Foundation soutient Blue Forest depuis 2022 avec des subventions et des investissements d'impact philanthropiques, alignant avec l'objectif de QBE de permettre un avenir plus résilient.

QBE Nordamerika hat seine Unterstützung für Blue Forest erweitert, eine Non-Profit-Organisation, die sich dem Erhalt widmet, bis zum 15. November 2024. Der QBE Possibilities Fund wird Spenden bis zu $200.000 verdoppeln für philanthropische Impact-Investitionen von mindestens $100, die über die CataCap-Plattform an die FRB Catalyst Facility von Blue Forest gerichtet sind. Diese Initiative zielt darauf ab, klimatische Resilienz, rassische Gleichheit und Geschlechtergerechtigkeit zu fördern.

Der Herausforderungsgrant steht der Öffentlichkeit und QBE-Mitarbeitern offen und stellt die Fähigkeiten von CataCap einem breiteren Publikum vor. Philanthropisches Impact-Investing ermöglicht es den Spendern, gesellschaftliche oder ökologische Vorteile neben finanziellen Erträgen zu erzielen. Die Erträge aus Investitionen können reinvestiert oder an Non-Profit-Organisationen gespendet werden. Die QBE Foundation unterstützt Blue Forest seit 2022 mit Zuschüssen und philanthropischen Impact-Investitionen und steht im Einklang mit dem Ziel von QBE, eine resilientere Zukunft zu ermöglichen.

Positive
  • QBE North America extends support for Blue Forest, a conservation finance nonprofit
  • QBE Possibilities Fund to match donations up to $200,000 for Blue Forest's FRB Catalyst Facility
  • Initiative promotes climate resilience, racial equity, and gender equality
  • Challenge grant open to public and employees, potentially attracting new donors
Negative
  • None.

QBE Possibilities Fund extends challenge grant for philanthropic impact investments supporting Blue Forest

NEW YORK, Sept. 9, 2024 /PRNewswire/ -- QBE North America has extended its support of Blue Forest, a conservation finance nonprofit dedicated to bringing communities, finance and science together to restore and protect our forests and watersheds and prevent catastrophic wildfires. Through November 15, 2024, the QBE Possibilities Fund will match dollar for dollar, up to $200,000, any general public or employee philanthropic impact investment of at least $100 directed to Blue Forest's FRB Catalyst Facility, via the CataCap platform held at ImpactAssets.

The QBE Possibilities Fund launched this first-of-its-kind initiative in the US to give employees a vehicle to participate in philanthropic impact investments in three main areas: climate resilience, racial equity and gender equality. Philanthropic impact investing refers to the utilization of a donor-advised fund to direct donations to companies, organizations and funds with the intention of generating beneficial social or environmental impact as well as a financial return. Over time, any investment returns flow back to donors' CataCap accounts, which can then be further allocated towards new philanthropic investments or granted out to a nonprofit.

By extending this challenge grant to the public, QBE seeks to introduce CataCap's capability to a broader audience and attract new donors interested in philanthropic impact investing to reduce the risk of catastrophic wildfires, while also maintaining the potential to recycle these funds towards future philanthropic impact investments.

The QBE Foundation has supported Blue Forest since 2022 with a mixture of grants and philanthropic impact investments made through the QBE Foundation and QBE Possibilities Fund.

"QBE is proud to be a long-standing supporter of Blue Forest," Mark Pasko, QBE North America's Chief Legal Officer. "QBE's purpose is to enable a more resilient future and that includes supporting organizations like Blue Forest that work to build social, environmental and economic resilience in our communities."

About QBE North America

QBE North America is a global insurance leader helping customers solve unique risks, so they can stay focused on their future. Part of QBE Insurance Group Limited, QBE North America reported Gross Written Premiums in 2023 of $7.6 billion. QBE Insurance Group's results can be found at qbe.com. Headquartered in Sydney, Australia, QBE operates out of 27 countries around the globe, with a presence in every key insurance market. The North America division, headquartered in New York, conducts business primarily through its insurance company subsidiaries. The actual terms and conditions of any insurance coverage are subject to the language of the policies as issued. Additional information can be found at qbe.com/us or follow QBE North America on LinkedInFacebook and Instagram

About Blue Forest

Blue Forest is a conservation finance non-profit focused on advancing forest restoration through scientific research, financial innovation, and collaborative partnerships. Since 2018, Blue Forest has managed investor capital through its flagship financial product, the Forest Resilience Bond (FRB), which deploys private capital to finance forest restoration projects on private and public lands to reduce the risk of catastrophic wildfire. For more information or to get involved, visit blueforest.org.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/qbe-north-america-increases-support-for-blue-forest-302242145.html

SOURCE QBE North America

FAQ

What is QBE North America's latest initiative with Blue Forest?

QBE North America has extended a challenge grant through November 15, 2024, where the QBE Possibilities Fund will match donations up to $200,000 for philanthropic impact investments of at least $100 directed to Blue Forest's FRB Catalyst Facility.

How does the QBE Possibilities Fund support philanthropic impact investing?

The QBE Possibilities Fund provides a vehicle for employees and the public to participate in philanthropic impact investments focusing on climate resilience, racial equity, and gender equality. It matches donations and allows investment returns to be reinvested or granted to nonprofits.

What is the purpose of QBE's partnership with Blue Forest?

QBE's partnership with Blue Forest aims to support conservation efforts, restore and protect forests and watersheds, and prevent catastrophic wildfires. This aligns with QBE's purpose of enabling a more resilient future by building social, environmental, and economic resilience in communities.

How long has QBE been supporting Blue Forest?

QBE Foundation has been supporting Blue Forest since 2022 with a combination of grants and philanthropic impact investments made through the QBE Foundation and QBE Possibilities Fund.

QBE INSURANCE GP S/ADR

OTC:QBIEY

QBIEY Rankings

QBIEY Latest News

QBIEY Stock Data

16.02B
1.50B
0%
Insurance - Property & Casualty
Financial Services
Link
United States of America
Sydney