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 52 is higher than 70% 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 13,865,900 kg CO2e in Australia, with Scope 1 emissions at 56,000 kg CO2e, Scope 2 emissions at 70,300 kg CO2e, and a significant contribution from Scope 3 emissions at about 13,739,700 kg CO2e. Globally, their total emissions reached approximately 16,536,700 kg CO2e, with Scope 1 at 59,700 kg CO2e, Scope 2 at 73,000 kg CO2e, and Scope 3 at around 16,404,000 kg CO2e. Nib has set ambitious climate commitments, aiming for net carbon zero by 2050, with interim targets to halve Scope 1 and 2 emissions by 2030 from a FY21 baseline. They also plan to reduce Scope 3 emissions by 25% by 2030. These targets are part of their commitment to science-based targets, which have been recognised by the Science Based Targets initiative (SBTi). The company is actively working towards these goals, having already achieved a near-term target for Scope 1 and 2 emissions reduction. Nib's climate strategy reflects a comprehensive approach to managing their carbon footprint across all scopes, demonstrating a commitment to sustainability in the health insurance sector.
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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.
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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.
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Frequently Asked Questions
Common questions about Nib Health Funds's sustainability data and climate commitments
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