QBE has signed on as a participant of the UN Global Compact on sustainable development, supporting its 10 principles on human rights, labour, the environment and anti-corruption.

Group Executive Corporate Affairs and Sustainability Viv Bower says the group is committed to making the principles part of its strategy, culture and day-to-day operations.

The compact was launched in 2000 and involves more than 1200 companies from over 160 countries and includes representation from a range of sectors.

More than 200 participants have signed up from Australia, including Suncorp, Coles, Woolworths, Qantas, BHP and the four major banks.

“We are continuing to progress our commitment to sustainability and look forward to working collaboratively with the Global Compact Network Australia on projects which advance the broader development goals of the UN,” Ms Bower said.