Medibank Private Limited, commonly known as Medibank, is a leading health insurance provider headquartered in Melbourne, Australia. Established in 1976, the company has grown to become a significant player in the Australian health insurance industry, serving millions of customers across the nation. Medibank offers a diverse range of health insurance products, including hospital and extras cover, tailored to meet the unique needs of individuals and families. Its commitment to customer service and innovative health solutions sets it apart in a competitive market. Notable achievements include its listing on the Australian Securities Exchange in 2014, which marked a significant milestone in its corporate journey. With a strong focus on preventative health and wellness, Medibank continues to enhance its market position, making it a trusted choice for Australians seeking comprehensive health coverage.
How does Medibank'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.
Mean score of companies in the Health 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.
Medibank's score of 28 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, Medibank reported total carbon emissions of approximately 20,454.3 tonnes CO2e, comprising 68,700 kg CO2e from Scope 1, 1,290,100 kg CO2e from Scope 2, and 19,095,500 kg CO2e from Scope 3 emissions. This marks a 6% increase in total emissions compared to previous years. Medibank has set ambitious climate commitments, aiming for Net Zero emissions across Scope 1 and 2 by 2025. Additionally, the company targets Net Zero for Scope 3 emissions by 2040, with plans to offset any residual emissions through removals. Notably, Medibank has achieved a 40% reduction in Scope 1 and 2 emissions from its baseline as part of its ongoing sustainability efforts. The emissions data is sourced directly from Medibank Private Limited, with no cascaded data from parent or related organizations. Medibank's sustainability strategy includes a comprehensive pathway to manage climate-related risks and opportunities, reflecting its commitment to addressing climate change effectively.
Access structured emissions data, company-specific emission factors, and source documents
2020 | 2021 | 2022 | |
---|---|---|---|
Scope 1 | 40 | 000,000 | 000,000 |
Scope 2 | 3,553,900 | 0,000,000 | 0,000,000 |
Scope 3 | 9,098,200 | 00,000,000 | 00,000,000 |
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.
Medibank is not participating in any of the initiatives that 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.