Insurance Australia Group
Insurance Australia Group (IAG) is a leading general insurance company headquartered in Sydney, Australia. Established in 1851, IAG has grown to become a prominent player in the insurance industry, serving millions of customers across Australia and New Zealand. The company operates under well-known brands such as NRMA Insurance, CGU, and WFI, offering a diverse range of products including car, home, and business insurance. IAG is recognised for its commitment to innovation and customer service, consistently delivering tailored insurance solutions that meet the evolving needs of its clients. With a strong market position, IAG has achieved significant milestones, including being one of the largest insurers in the Asia-Pacific region. Its focus on sustainability and community engagement further distinguishes IAG in the competitive insurance landscape.
DitchCarbon Score
How does Insurance Australia Group's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Insurance Australia Group's score of 32 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Insurance Australia Group's reported carbon emissions
In 2023, Insurance Australia Group (IAG) reported total carbon emissions of approximately 26,107,000 kg CO2e in New Zealand and a similar figure globally. The breakdown of emissions includes about 5,617,000 kg CO2e from Scope 1, 9,729,000 kg CO2e from Scope 2, and 10,761,000 kg CO2e from Scope 3. In Australia, IAG's emissions for 2022 were approximately 21,900,000 kg CO2e, with Scope 1 emissions at about 3,934,000 kg CO2e, Scope 2 at approximately 10,556,000 kg CO2e, and Scope 3 at around 7,410,000 kg CO2e. The company has not disclosed specific reduction targets or initiatives, indicating a lack of formal commitments to reduce emissions through frameworks such as the Science Based Targets initiative (SBTi). However, IAG continues to monitor and report its emissions across all scopes, demonstrating a commitment to transparency in its climate impact. Overall, IAG's emissions data reflects its ongoing efforts to understand and manage its carbon footprint, although specific reduction strategies remain unspecified.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 6,751,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 2 | 14,562,000 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 |
| Scope 3 | 11,606,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Insurance Australia Group is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
