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.
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 35 is higher than 61% 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 2023, Nib Health Funds reported total carbon emissions of approximately 12,011,500 kg CO2e, with emissions distributed across various scopes: 25,300 kg CO2e (Scope 1), 202,300 kg CO2e (Scope 2), and 11,783,900 kg CO2e (Scope 3). The company has set ambitious climate commitments, aiming for a 25% absolute reduction in Scope 2 emissions by 2030 from a FY20 baseline and a 25% reduction in Scope 3 emissions by 2030. Notably, Nib has already achieved a significant milestone by halving its Scope 1 and 2 emissions by 2030 from a FY21 baseline. Looking ahead, Nib is committed to achieving net zero emissions by 2040 across all scopes. This long-term goal aligns with their science-based targets, which are designed to ensure that their emissions reduction strategies are in line with climate science. The company is actively working towards these targets, demonstrating a strong commitment to sustainability and climate action within the health insurance sector in Australia.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 23,800 | 000 | 00,000 |
| Scope 2 | 419,400 | 00,000 | 000,000 |
| Scope 3 | 6,474,100 | 0,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions 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 participating in some of the initiatives that 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.
