QBE Insurance Group Ltd

Financials

In 2009, Chinese state owned China Minmetals proposed a purchase of the heavily indebted company. The Chinese proposal was one of three high-profile moves by Chinese firms to acquire stakes in the Australian mineral sector in early 2009. The China Minmetals offer along with other proposed purchases, especially the Chinalco planned stake in Rio Tinto, caused great public furor, adding political pressure to block Minmetals. The Australian government blocked the sale on 27 March 2009, citing concerns about the location of the Prominent Hill Mine within the sensitive military area.[1] A deal not including Prominent Hill was approved, and the majority of the company was acquired by China Minmetals; the acquisitions became the company Minerals and Metals Group (MMG).[2]

Wikipedia

lensPlanning

QBE Insurance Group Ltd publicly states a focus on the following goals

lensCommitments

QBE Insurance Group Ltd publicly declares measurable commitments to the following goals

lensActions

QBE Insurance Group Ltd publicly shares examples of how its actions are supporting the goals

lensProgress

QBE Insurance Group Ltd shares data showing its progress towards the goals

lensSuppliers

QBE Insurance Group Ltd shares information about involving its suppliers in environmental / social issues but doesn’t mention involving them in supporting the goals

Review date: 01 July 2020
Country: Australia