Nib Health Funds Sustainability Profile
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 46 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nib Health Funds's reported carbon emissions
In 2025, Nib Health Funds reported total carbon emissions of approximately 16,536,700 kg CO2e globally, with 59,700 kg CO2e from Scope 1, 73,000 kg CO2e from Scope 2, and a significant 16,404,000 kg CO2e from Scope 3 emissions. In Australia, their emissions totalled about 13,865,900 kg CO2e, comprising 56,000 kg CO2e from Scope 1, 70,300 kg CO2e from Scope 2, and 13,739,700 kg CO2e from Scope 3. Nib has set ambitious climate commitments, aiming for a 25% absolute reduction in Scope 2 emissions by 2030 from a FY20 baseline. They have also achieved a near-term target of halving their Scope 1 and 2 emissions by 2030 from a FY21 baseline. Furthermore, Nib is committed to achieving net zero emissions across all scopes by 2040, with science-based targets in place to guide their progress. The company’s emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. Nib's proactive approach to climate action reflects its commitment to sustainability within the financial and insurance sectors in Australia.
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| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Scope 1 | 27,000 | 00,000 | 000 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 1,295,000 | 000,000 | 00,000 | 000,000 | 000,000 | 00,000 |
| Scope 3 | 8,630,400 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Nib Health Funds's Industry?
How Carbon Intensive is Nib Health Funds's Location?
Nib Health Funds's Scope 3 Categories Breakdown
Nib Health Funds's Scope 3 emissions, which increased by 12% last year and increased by approximately 90% since 2020, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 61% of Scope 3 emissions.
Top Scope 3 Categories
Nib Health Funds's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Nib Health Funds has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
