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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.
+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.
Financial Intermediation is among the least carbon-intensive industries
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Scope 3 accounts for ••• of total 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 emissions, 73,000 kg CO2e from Scope 2 emissions, and approximately 16.4 million kg CO2e from Scope 3 emissions.
In 2024, their total emissions were about 14.9 million kg CO2e, comprising approximately 27,100 kg CO2e for Scope 1, 182,300 kg CO2e for Scope 2, and around 14.7 million kg CO2e for Scope 3.
Looking back to 2023, Nib Health Funds’ total emissions were approximately 12.0 million kg CO2e, with Scope 1 at about 25,300 kg CO2e, Scope 2 at approximately 202,300 kg CO2e, and Scope 3 at around 11.8 million kg CO2e.
Nib Health Funds has set several climate commitments. They aim for a 25% absolute emission reduction in Scope 2 by 2030, using a 2020 baseline. Additionally, they target a 50% absolute emission reduction in Scope 1 and 2 by 2030, from a FY21 baseline. They also plan to reduce Scope 3 emissions by 25% by 2030, from a 2021 baseline. A long-term goal is to achieve net-zero emissions across all scopes by 2040. Nib Health Funds is committed to Science Based Targets and became a BA1.5 member in February 2022.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Common questions about Nib Health Funds’s sustainability data and climate commitments
Data year: 2025
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