Insurance Australia Group Ltd
Insurance Australia Group's Climate Target Data Preview
As of 2024, Insurance Australia Group has disclosed 4 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets and 2 intensity-based target targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Insurance Australia Group ’s climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2030 |
Absolute-based Target | Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Fuel- and Energy-Related Services (Cat. 3), Scope 3 - Waste Generated in Operations (Cat. 5), Scope 3 - Business Travel (Cat. 6), Scope 3 - Employee Commuting (Cat. 7) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  b | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per US Dollar (USD) of Investment | Copy restricted. Please purchase to unlock this data.  c | 2025 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per US Dollar (USD) of Investment | Copy restricted. Please purchase to unlock this data. c | 2030 |
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Verified Sources Behind Insurance Australia Group’s Climate Targets Data
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Insights into Insurance Australia Group's Greenhouse Gas Emissions Pathways
As of 2024, Insurance Australia Group has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint. a b c
Does Insurance Australia Group have a target to reduce the emissions from its operations?
As of 2024, Insurance Australia Group has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a
Insurance Australia Group's most ambitious operational target is to reduce these emissions by 90% by 2030, compared to a baseline of 19,629 Metric Tonnes of CO2 equivalent (mtCO2e) in 2024. a
Insurance Australia Group's Operational (Scope 1+2) Emissions Pathway
Does Insurance Australia Group have a target to reduce the emissions from its value chain?
As of 2024, Insurance Australia Group has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol. b c
Insurance Australia Group's most ambitious value chain target is to reduce these emissions by 50% by 2030, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per US Dollar (USD) of Investment in 2020. b c
As of 2024, Insurance Australia Group is ahead of schedule on its value chain emissions reduction target, having achieved 66.8% of the planned reduction. b c