Nib Health Funds
Nib Health Funds, established in 1952, is a prominent Australian health insurance provider headquartered in Newcastle, New South Wales. With a strong presence across Australia, Nib offers a diverse range of health insurance products, including hospital and extras cover, tailored to meet the needs of individuals and families. Renowned for its commitment to customer service and innovative health solutions, Nib Health Funds has achieved significant milestones, including the introduction of digital health services that enhance member experience. As a key player in the health insurance industry, Nib is dedicated to promoting better health outcomes and providing value-driven coverage, making it a trusted choice for many Australians seeking comprehensive health protection.
DitchCarbon Score
How does Nib Health Funds'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 Financial Intermediation 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
Nib Health Funds's score of 44 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Nib Health Funds's reported carbon emissions
In 2023, Nib Health Funds reported total carbon emissions of approximately 10,454,000 kg CO2e in Australia, with Scope 1 emissions at about 25,300 kg CO2e, Scope 2 emissions at approximately 202,300 kg CO2e, and a significant contribution from Scope 3 emissions, which totalled around 10,237,000 kg CO2e. This represents a notable increase from 2022, where total emissions were about 7,558,200 kg CO2e. The company's emissions profile indicates a heavy reliance on Scope 3 emissions, which accounted for the vast majority of their carbon footprint. In 2022, Scope 3 emissions were approximately 7,537,700 kg CO2e, highlighting the importance of addressing upstream and downstream activities in their climate strategy. Nib Health Funds has committed to achieving net-zero emissions by 2050, as part of their long-term climate strategy. This commitment encompasses all scopes of emissions, reflecting a comprehensive approach to sustainability. The company is currently in the process of developing specific reduction targets, with a commitment to submit these targets by February 2024. Overall, Nib Health Funds is actively working towards reducing its carbon footprint and aligning with global climate goals, demonstrating a proactive stance in the financial and insurance sector in Australia.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 40,000 | 00,000 | 00,000 | 000 | 00,000 | 00,000 |
| Scope 2 | 1,000,000 | 000,000 | 000,000 | 00,000 | 000,000 | 000,000 |
| Scope 3 | 20,000 | 00,000 | 0,000,000 | 0,000,000 | 00,000,000 | 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.
Nib Health Funds is committed to some 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.
