Insurance Australia Group Ltd
Insurance Australia Group's GHG Emissions Data Preview
In 2024, Insurance Australia Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).
Insurance Australia Group has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Insurance Australia Group's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Insurance Australia Group amounted to 19,689 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Insurance Australia Group increased by 28.3%, suggesting that the company faced challenges in reducing its emissions from its core operations.
Insurance Australia Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Insurance Australia Group's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Insurance Australia Group were 7,192 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has Insurance Australia Group reduced its Scope 1 emissions over time?
Since 2020, Insurance Australia Group's Scope 1 emissions have increased by 6.53%, reflecting a rising long-term trend in Scope 1 emissions over time.
Compared to the previous year (2023), Insurance Australia Group's Scope 1 emissions increased by 28.04%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.
What are Insurance Australia Group's Scope 2 emissions?
In 2024, Insurance Australia Group reported Scope 2 greenhouse gas (GHG) emissions of 12,437 tCOâ‚‚e using the market-based method, and 12,497 tCOâ‚‚e using the location-based method.
Has Insurance Australia Group reduced its Scope 2 emissions over time?
Since 2020, Insurance Australia Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 14.18%, reflecting a declining long-term trend in Scope 2 emissions over time.
Compared to the previous year (2023), Insurance Australia Group's Scope 2 emissions (Location-Based) rose by 28.45% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy
What methodology does Insurance Australia Group use for Scope 2 reporting?
In 2024, Insurance Australia Group reported its Scope 2 emissions using the market-based method and using the location-based method.
Insurance Australia Group's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Insurance Australia Group's Value Chain Emissions
In 2024, Insurance Australia Group reported 18,678 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2024 disclosure of Insurance Australia Group includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.
Insurance Australia Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Insurance Australia Group's Scope 3 emissions?
In 2024, Insurance Australia Group reported total Scope 3 emissions of 18,678 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.
Has Insurance Australia Group reduced its Scope 3 emissions over time?
Since 2020, Insurance Australia Group's Scope 3 emissions have increased by 60.93%, reflecting a rising long-term trend in Scope 3 emissions over time.
Compared to the previous year (2023), Insurance Australia Group's Scope 3 emissions increased by 73.57%, suggesting that the company faced challenges in reducing emissions across its value chain.
What categories of Scope 3 emissions does Insurance Australia Group disclose?
In 2024, Insurance Australia Group reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Insurance Australia Group's Scope 3 emissions?
In 2024, the largest contributors to Insurance Australia Group's Scope 3 emissions were:
- Employee Commuting (Cat. 7): 7,424 tCOâ‚‚e (42.84%)
- Business Travel (Cat. 6): 6,637 tCOâ‚‚e (38.29%)
- Fuel- and Energy-Related Services (Cat. 3): 2,805 tCOâ‚‚e (16.18%)
Insurance Australia Group's Scope 3 Emissions by Categories
Insights into Insurance Australia Group's Total Carbon Footprint
In 2024, Insurance Australia Group reported a total carbon footprint of 38,367 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 46.96% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.
The largest contributor to Insurance Australia Group's total carbon footprint was Scope 3 emissions, accounting for 48.68% of the company's total carbon footprint, followed by Scope 2 emissions at 32.57%.