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 42 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Medibank reported total carbon emissions of approximately 19,367,300 kg CO2e. This figure includes 71,300 kg CO2e from Scope 1 emissions, 2,471,400 kg CO2e from Scope 2 emissions, and 3,870,200 kg CO2e from Scope 3 emissions, which encompasses areas such as employee commuting and purchased goods and services. The previous year, 2022, saw total emissions of about 15,395,400 kg CO2e, indicating a significant increase in emissions in 2023. Medibank has disclosed emissions data across all three scopes (1, 2, and 3) for the years 2020 to 2023, but there are currently no specific reduction targets or initiatives outlined in their climate commitments. Overall, while Medibank has made strides in transparency regarding their carbon footprint, they have yet to establish formal reduction targets or initiatives to mitigate their emissions.
Access structured emissions data, company-specific emission factors, and source documents
2020 | 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 |
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 committed to any 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.