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nib Health Funds, commonly known as nib, is a prominent Australian private health insurance provider headquartered in Newcastle, New South Wales. Established in 1952 in the Hunter Region, nib has grown significantly from its regional beginnings to become a publicly listed company and one of Australia's leading health funds.
Specialising in comprehensive private health insurance for individuals, families, and businesses across Australia and New Zealand, nib also offers essential international student and visitor health cover. Their diverse portfolio uniquely extends to travel insurance, catering to a global customer base and supporting healthier lives.
As a key player in Australia's financial services sector, nib Health Funds focuses on delivering value-driven health solutions. The company leverages extensive experience to provide tailored policies, ensuring members have access to quality healthcare support and peace of mind.
68
DitchCarbon score
+31 vs industry average
Nib Health Funds’s score of 68 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Nib Health Funds's reported carbon emissions
Nib Health Funds reported total emissions of approximately 16.5 million kg CO2e in 2025. This includes about 59,700 kg CO2e from Scope 1, 73,000 kg CO2e from Scope 2, and 16.4 million kg CO2e from Scope 3 emissions.
The company has set several climate commitments:
- A long-term target to achieve net-zero emissions by 2040.
- A near-term target to achieve a 50% absolute emission reduction in Scope 1 and Scope 2 by 2030, from a FY21 baseline.
- A near-term target to achieve a 25% absolute emission reduction in Scope 2 by 2030, from a FY20 baseline.
- A near-term target to reduce Scope 3 emissions by 25% by 2030, from a FY21 baseline.
Nib Health Funds has committed to Science Based Targets (SBTi) and is a BA1.5 member, committing to science-based targets for achieving net-zero by 2040.
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Nib Health Funds’s Climate Goals (2030 & 2050)
1 goal2050
#<ReductionTarget:0x00007c250aa9dd40>
#<ReductionTarget:0x00007c250aa9dd40>
Behind target0%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
8 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Nib Health Funds10 months ago
68
Frequently asked questions
Common questions about Nib Health Funds’s sustainability data and climate commitments
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