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 52 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 2024, Medibank reported total carbon emissions of approximately 19,095,500 kg CO2e, with emissions distributed across various scopes: 68,700 kg CO2e (Scope 1), 1,290,100 kg CO2e (Scope 2), and 19,095,500 kg CO2e (Scope 3). The Scope 3 emissions included significant contributions from purchased goods and services (10,048,800 kg CO2e), business travel (2,856,900 kg CO2e), and employee commuting (2,226,100 kg CO2e). Medibank has set ambitious climate commitments, aiming for Net Zero emissions for Scope 1 and 2 by 2025. As of 2024, they reported a 40% reduction in Scope 1 and 2 emissions from their baseline year of 2021. Additionally, they are targeting Net Zero across all Scope 3 emissions by 2040, with plans to offset any residual emissions through removals. In 2023, Medibank's total emissions were approximately 19,367,300 kg CO2e, with Scope 1 emissions at 71,300 kg CO2e and Scope 2 at 2,471,400 kg CO2e. The previous year, 2022, saw total emissions of about 15,395,400 kg CO2e, indicating a trend of increasing emissions in recent years, despite their reduction initiatives. Overall, Medibank is actively working towards reducing its carbon footprint and addressing climate-related risks through a structured pathway that includes both short-term and long-term actions.
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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.
