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 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 26,715,000 kg CO2e globally. This figure includes 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 emissions. In the previous year, 2022, IAG's total emissions were about 24,640,000 kg CO2e, with Scope 1 emissions at 4,869,000 kg CO2e, Scope 2 at 10,902,000 kg CO2e, and Scope 3 at 8,868,000 kg CO2e. This indicates a rise in emissions from 2022 to 2023. IAG has demonstrated a commitment to addressing climate change, although specific reduction targets or initiatives have not been disclosed. The absence of documented reduction targets suggests that while the company acknowledges its carbon footprint, it may not have formalised strategies in place to achieve specific emissions reductions. Overall, IAG's emissions profile reflects the challenges faced by the insurance industry in managing carbon emissions, particularly in Scope 3, which often constitutes the largest share of total emissions.
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Access structured emissions data, company-specific emission factors, and source documents
Add to project| 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 committed to some 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.
