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.
+11 vs industry average
Insurance Australia Group’s score of 48 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Insurance Services is among the least carbon-intensive industries
Industry performance
The Insurance Services industry has reduced its overall emissions by 7% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Insurance Australia Group's reported carbon emissions
Insurance Australia Group (IAG), headquartered in Australia, has demonstrated a commitment to reducing its carbon footprint. For the reporting year 2024, IAG reported total Scope 1, 2, and 3 emissions of approximately **46.7 billion kg CO2e**. This comprised approximately 26.7 million kg CO2e for Scope 1, approximately 5 million kg CO2e for Scope 2, and approximately 15 million kg CO2e for Scope 3. In 2023, IAG's total emissions were approximately **22.16 billion kg CO2e**, with Scope 1 at about 4.29 million kg CO2e, Scope 2 at approximately 9.24 million kg CO2e, and Scope 3 at roughly 8.62 million kg CO2e. IAG has set ambitious climate targets, aiming for net zero emissions by 2050, with a significant interim goal of a 50% emissions reduction by 2030, covering all scopes. The company's disclosures indicate a focus on upstream emissions categories.
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Insurance Australia Group’s Climate Goals (2030 & 2050)
1 goal2050
Recognising the importance of playing our part, we have comm…
Recognising the importance of playing our part, we have committed to net zero emissions by 2050, with 50% emissions reduction by 2030.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
2 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Insurance Australia Group
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