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 50 is higher than 99% 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 2023, Medibank reported total carbon emissions of approximately 19,367,300 kg CO2e. This figure includes Scope 1 emissions of about 71,300 kg CO2e, Scope 2 emissions of approximately 2,471,400 kg CO2e, and Scope 3 emissions totalling around 3,870,200 kg CO2e. Notably, the company has set ambitious climate commitments, aiming for Net Zero emissions for Scope 1 and 2 by 2025 and for Scope 3 by 2040. In recent years, Medibank has made significant strides in reducing its carbon footprint. From 2021 to 2024, the company achieved a 40% reduction in Scope 1 and 2 emissions from its baseline, despite an overall increase in total emissions by 6% to 20,454.3 tonnes CO2e. This reflects Medibank's ongoing efforts to manage climate-related risks and opportunities through a structured Net Zero pathway, which includes short, medium, and long-term actions. Medibank's commitment to sustainability is evident in its comprehensive approach to emissions reduction, aligning with industry standards and climate terminology to address its environmental impact effectively.
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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 participating in any of the initiatives that 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.
