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OrganisationsMedibank
Medibank logo

Medibank

Health ServicesAustraliaPNK: MDBPF
Last verified 22 days agomedibank.com.au

Medibank Private Limited, commonly known as Medibank, is a leading health insurance provider headquartered in Melbourne, Australia. Established in 1976, the company has grown to become a significant player in the Australian health insurance industry, serving millions of customers across the nation.

Medibank offers a diverse range of health insurance products, including hospital and extras cover, tailored to meet the unique needs of individuals and families. Its commitment to customer service and innovative health solutions sets it apart in a competitive market. Notable achievements include its listing on the Australian Securities Exchange in 2014, which marked a significant milestone in its corporate journey.

With a strong focus on preventative health and wellness, Medibank continues to enhance its market position, making it a trusted choice for Australians seeking comprehensive health coverage.

36
DitchCarbon score

+14 vs industry average

Medibank’s score of 36 is higher than 64% 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

Medium

Health Services has typical carbon intensity

Industry performance

0.153
20192025

The Health Services industry has increased its overall emissions by 7% since 2019

Emissions trajectory 2020 – 2025

00M00.0M00.0M0.0M0

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202020212022202320242025

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.

Medibank's reported carbon emissions

In 2022, Medibank reported total carbon emissions of approximately 15,395,400 kg CO2e. This figure includes Scope 1 emissions of about 203,300 kg CO2e, Scope 2 emissions of approximately 1,983,100 kg CO2e, and significant Scope 3 emissions totalling around 13,209,000 kg CO2e. Notably, the company has set ambitious climate commitments, aiming for Net Zero against its Scope 1 and 2 emissions by 2025 and across all Scope 3 emissions by 2040. Medibank's reduction initiatives include a target to reduce Scope 1 and 2 emissions by 40% from their baseline by 2025, with a reported increase in total emissions of 6% to 20,454.3 metric tons CO2e as of 2024. The company is actively working towards achieving these milestones, demonstrating a commitment to managing climate-related risks and opportunities effectively. This data reflects Medibank's ongoing efforts to align with industry standards and contribute to global climate goals, reinforcing its position as a responsible corporate entity in Australia.

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Medibank’s Climate Goals (2030 & 2050)

6 goals

2025

40% reduction in Scope 1

Medibank Scope 1 and 2 emissions reduced by 40% from our baseline and our total emissions increased by 6% to 20,454.3 tCo2.

Behind target40%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

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Scope 3 top emissions categories

3 of 15 categories disclosed
Employee Commuting22%
Purchased Goods & Services21%
Waste Generated in Operations1%
Employee Commuting22%
Purchased Goods & Services21%
Waste Generated in Operations1%

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Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

See details
Not active
CDP

Carbon Disclosure Project

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Active
THE CLIMATE PLEDGE

The Climate Pledge

See details
Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

See details
Not active
RE 100

RE 100

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Not active
Climate Action 100+

Climate Action 100

See details
Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Medibank logoMedibank
AUHealth Services
22 days ago
36
Zurich logoZurich
CHBusiness Services
17 minutes ago
100
View
Cvs Health logoCvs Health
USHealth Services
4 days ago
95
View
British United Provident Association logoBritish United Provident Association
GBHealth Services
9 days ago
74
View
Suncorp logoSuncorp
AUInsurance Services
15 days ago
73
View
Qbe Insurance logoQbe Insurance
AUBusiness Services
6 days ago
72
View
Nib Health Funds logoNib Health Funds
AUFinancial Intermediation
16 days ago
67
View

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You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.

See our License Agreement for more details.

Where does DitchCarbon
data come from?

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Ditchcarbonv260319.2
[email protected]+44 203 475 7875

Ditch Carbon Ltd

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London W1W 5PF

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