Medibank
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.
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 99% 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 19,367,300 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. In 2022, Medibank's total emissions were about 15,395,400 kg CO2e, with Scope 1 emissions at 203,300 kg CO2e, Scope 2 emissions at 1,983,100 kg CO2e, and Scope 3 emissions reaching 13,209,000 kg CO2e. The company has shown a commitment to transparency in its emissions reporting, disclosing data across all three scopes. Despite the detailed emissions reporting, Medibank has not set specific reduction targets or initiatives as part of its climate commitments. The absence of defined reduction goals suggests a need for further development in their sustainability strategy. As a leading health insurer in Australia, Medibank's climate actions are crucial in addressing the broader industry context of increasing environmental accountability.
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| 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 |
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 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.
