Medibank
Medibank Private Limited, commonly known as Medibank, is a leading health insurance provider based in Australia, with its headquarters in Melbourne. Founded in 1976, Medibank has established itself as a key player in the health insurance industry, offering a range of services that include private health insurance, hospital cover, and ancillary services. With a commitment to improving the health and wellbeing of its members, Medibank stands out through its innovative health programs and customer-centric approach. The company operates primarily in Australia, serving millions of customers across various regions. Notable achievements include its successful listing on the Australian Securities Exchange in 2014, solidifying its market position as a trusted provider in the health insurance sector. Medibank continues to focus on delivering unique health solutions that cater to the diverse needs of its clientele.
DitchCarbon Score
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.
Industry Average
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.
Industry Benchmark
Medibank's score of 42 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Medibank's reported carbon emissions
In 2023, Medibank reported total carbon emissions of approximately 19.4 million tonnes CO2e. This figure includes about 71,300 tonnes from Scope 1 emissions, 2.5 million tonnes from Scope 2 emissions, and around 3.9 million tonnes from Scope 3 emissions. Notably, the Scope 3 emissions primarily stem from employee commuting and purchased goods and services. Over the past few years, Medibank's emissions have fluctuated, with a total of about 15.4 million tonnes CO2e in 2022 and 15.7 million tonnes CO2e in 2021. The company has made commitments to improve its sustainability practices, as evidenced by its participation in the CDP (formerly Carbon Disclosure Project), where it has received scores indicating its efforts in climate action. In 2023, Medibank achieved a score of B, reflecting its ongoing commitment to transparency and climate responsibility. While specific reduction targets were not detailed, Medibank's engagement with initiatives like the CDP suggests a proactive approach to managing and reducing its carbon footprint. The company continues to focus on enhancing its sustainability strategies, aiming to mitigate its environmental impact in the healthcare sector.
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Add to project2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 40 | 000,000 | 000,000 | 00,000 | 00,000 |
| Scope 2 | 3,553,900 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 9,098,200 | 00,000,000 | 00,000,000 | 0,000,000 | 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.
Medibank 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.
