Medibank Sustainability Profile
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 28 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Medibank's reported carbon emissions
In 2024, Medibank reported total carbon emissions of approximately 24,000,000 kg CO2e, comprising 68,700 kg CO2e from Scope 1, 1,290,100 kg CO2e from Scope 2, and about 22,965,700 kg CO2e from Scope 3 emissions. This represents 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 carbon removal strategies. Notably, Medibank has achieved a 40% reduction in Scope 1 and 2 emissions from its baseline, demonstrating progress towards its sustainability goals. The emissions data is sourced directly from Medibank Private Limited, with no cascading from a parent organization. Medibank's ongoing efforts reflect a commitment to managing climate-related risks and opportunities, aligning with industry standards for sustainability and carbon reduction.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | - | 00 | 000,000 | 000,000 |
| Scope 2 | - | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 5,391,000 | 0,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Medibank's Industry?
How Carbon Intensive is Medibank's Location?
Medibank's Scope 3 Categories Breakdown
Medibank's Scope 3 emissions, which decreased by 1% last year and increased by approximately 145% since 2019, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 22% of Scope 3 emissions.
Top Scope 3 Categories
Medibank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Medibank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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