Medibank

Medibank, an Australian company operating in the Health and social work services (85) sector, reported its emissions data for the fiscal years 2018 through 2022.

In 2022, Medibank's total carbon emissions were approximately 15,395,400 kg CO2e. This figure comprises:

• Scope 1 emissions: approximately 203,300 kg CO2e.
• Scope 2 emissions (market-based): approximately 1,983,100 kg CO2e.
• Scope 3 emissions: approximately 13,209,000 kg CO2e, with employee commute accounting for about 2,844,600 kg CO2e and purchased goods and services contributing approximately 2,792,200 kg CO2e.

For 2021, Medibank's total emissions stood at approximately 15,655,300 kg CO2e. This included Scope 1 emissions of about 130,500 kg CO2e, Scope 2 emissions of approximately 2,139,600 kg CO2e, and Scope 3 emissions totalling around 13,385,200 kg CO2e.

In 2020, total emissions were approximately 12,652,300 kg CO2e, with Scope 1 at about 40 kg CO2e, Scope 2 at approximately 3,553,900 kg CO2e, and Scope 3 at approximately 9,098,200 kg CO2e.

Medibank has established significant climate commitments. The company aims to achieve Net Zero for its Scope 1 and 2 emissions by 2025. Looking further ahead, Medibank is committed to achieving Net Zero across its Scope 3 emissions by 2040, with a plan to offset any residual emissions with removals. Reports indicate progress towards these short-term milestones, with a stated intention to reach Net Zero Scope 1 and 2 emissions by the end of FY25. Additionally, there is a mention of Scope 1 and 2 emissions reducing by 40% from their baseline, alongside a 6% increase in total emissions to 20,454.3 tonnes CO2e by 2024.