Public Profile

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.

42

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.

26

Industry Benchmark

Nib Health Funds's score of 42 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.

94%

Nib Health Funds's reported carbon emissions

In 2023, Nib Health Funds reported total carbon emissions of approximately 12,015,500 kg CO2e globally, with 25,300 kg CO2e from Scope 1, 202,300 kg CO2e from Scope 2, and a significant 11,783,900 kg CO2e from Scope 3 emissions. In Australia, their emissions for the same year were about 12,423,000 kg CO2e, with Scope 1 emissions at 27,100 kg CO2e, Scope 2 at 169,400 kg CO2e, and Scope 3 at 12,226,500 kg CO2e. Nib Health Funds has committed to achieving net-zero emissions across all scopes by 2050, as part of their long-term climate strategy. They are a member of the Science Based Targets initiative (SBTi) and have set a commitment to submit their targets by February 2024. This commitment reflects their dedication to addressing climate change and reducing their carbon footprint in the financial and insurance sectors.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2021202220232024
Scope 1
23,800
000
00,000
00,000
Scope 2
419,400
00,000
000,000
000,000
Scope 3
6,474,100
0,000,000
00,000,000
00,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Nib Health Funds's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Nib Health Funds is headquartered in AU, which has a rank of very high, indicating very high grid carbon 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero

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