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 10,454,000 kg CO2e in Australia, with Scope 1 emissions at 25,300 kg CO2e, Scope 2 emissions at 191,700 kg CO2e, and a significant 10,237,000 kg CO2e from Scope 3 emissions. Globally, their total emissions for the same year reached about 12,011,500 kg CO2e, with Scope 3 emissions constituting the majority at 11,783,900 kg CO2e. 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 reducing Scope 3 emissions by 25% by 2030. Long-term, they aim to achieve net zero emissions across all scopes by 2040, with science-based targets in place to guide their progress. The emissions data and targets are sourced directly from Nib Holdings Limited, with no data cascaded from a parent organization. Nib's commitment to sustainability reflects its proactive approach to addressing climate change 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.
