Insurance Australia Group Ltd

Common Name
Insurance Australia Group
Country
Australia
Sector
Financial Services
Industry
Insurance - Property & Casualty
Employees
N/A
Ticker
IAG
Exchange
ASX
Description
Insurance Australia Group Ltd., commonly known as IAG, is a major insurance company focusing on delivering general insurance products to individuals and businesses in Australia and New Zealand. The co...

Insurance Australia Group's GHG Emissions Data Preview

In 2025, 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)2025202420232022 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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b
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Total Scope 3
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b
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Insurance Australia Group’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Insurance Australia Group’s data sources below and access millions more through our Disclosure Search.

a. Insurance Australia Group's Annual Report 2025
a. Insurance Australia Group's Annual Report 2025
b. Insurance Australia Group's ESG Data Spreadsheet 2024
b. Insurance Australia Group's ESG Data Spreadsheet 2024

Insights into Insurance Australia Group's Operational Emissions

In 2025, the total operational greenhouse gas (GHG) emissions of Insurance Australia Group amounted to 18,815 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). a

Compared to 2024, the total operational greenhouse gas (GHG) emissions of Insurance Australia Group decreased by 4.83%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Insurance Australia Group's Scope 1 Emissions Over Time

20202021202220232024202502 k4 k6 k8 ktCO2e-17%-13%+15%+28%-6%
  • Total Scope 1
  • Year-over-Year Change

What are Insurance Australia Group's Scope 1 emissions?

In 2025, the total Scope 1 emissions of Insurance Australia Group were 6,770 metric tons of CO₂ equivalent (tCO₂e). a

Has Insurance Australia Group reduced its Scope 1 emissions over time?

Since 2020, Insurance Australia Group's Scope 1 emissions have remained relatively, stable, indicating that Insurance Australia Group's emissions have plateaued with no significant change in its operational footprint. a b

Compared to the previous year (2024), Insurance Australia Group's Scope 1 emissions decreased by 5.87%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Insurance Australia Group's Scope 2 emissions?

In 2025, Insurance Australia Group reported Scope 2 greenhouse gas (GHG) emissions of 5,429 tCO₂e using the market-based method and 12,045 tCO₂e using the location-based method. a

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 17.28%, reflecting a declining long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2024), Insurance Australia Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Insurance Australia Group 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Insurance Australia Group use for Scope 2 reporting?

In 2025, Insurance Australia Group reported its Scope 2 emissions using the market-based method and using the location-based method. a

Insurance Australia Group's Scope 2 Emissions Over Time

20202021202220232024202504 k8 k12 k16 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Insurance Australia Group's Value Chain Emissions

In 2025, Insurance Australia Group reported 19,383 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2025 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 2024, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Insurance Australia Group's Scope 3 Emissions Over Time

20202021202220232024202505.5 k11 k16.5 k22 ktCO2e-61%+95%+21%+94%-7%
  • Total Scope 3
  • Year-over-Year Change

What are Insurance Australia Group's Scope 3 emissions?

In 2025, Insurance Australia Group reported total Scope 3 emissions of 19,383 metric tons of CO₂ equivalent (tCO₂e). a

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. a

Has Insurance Australia Group reduced its Scope 3 emissions over time?

Since 2020, Insurance Australia Group's Scope 3 emissions have increased by 67.01%, reflecting a rising long-term trend in Scope 3 emissions over time. a b

Compared to the previous year (2024), Insurance Australia Group's Scope 3 emissions remained relatively stable, indicating that Insurance Australia Group 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does Insurance Australia Group disclose?

In 2025, Insurance Australia Group reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol. a

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 2025, the largest contributors to Insurance Australia Group's Scope 3 emissions were: a

  • Employee Commuting (Cat. 7): 7,076 tCO₂e (36.51%)
  • Business Travel (Cat. 6): 5,182 tCO₂e (26.73%)
  • Purchased Goods and Services (Cat. 1): 3,189 tCO₂e (16.45%)

Insurance Australia Group's Scope 3 Emissions by Categories

Employee Commuting(Cat. 7)(36.5%)Purchased Goods andServices (Cat. 1)(16.5%)Business Travel(Cat. 6)(26.7%)

Insights into Insurance Australia Group’s GHG Emissions Intensity Compared to Industry Peers

In 2025, Insurance Australia Group reported Scope 1 greenhouse gas (GHG) emissions of 6,770 tCO₂e and total revenues of USD 9,717 millions. This translates into an emissions intensity of 0.7 tCO₂e per millions USD. a

Insurance Australia Group's Scope 1 Emissions Intensity Compared to Peers

201,00020,0001,000,000Scope 1 Emissions (tCO2e)202001,00010,000100,000Revenues (Millions of USD)WWestpac BankingYear: 2024Scope 1: 6,262 tCO2eRevenue: $M 14,924Scope 1 Intensity: 0.42 tCO2e/$MPerpetualYear: 2024Scope 1: 3 tCO2eRevenue: $M 882Scope 1 Intensity: 0.00 tCO2e/$MNational Australia BankYear: 2024Scope 1: 5,635 tCO2eRevenue: $M 14,255Scope 1 Intensity: 0.40 tCO2e/$MBank of Queensland LtdYear: 2024Scope 1: 328 tCO2eRevenue: $M 1,080Scope 1 Intensity: 0.30 tCO2e/$MAUB GroupYear: 2023Scope 1: 621 tCO2eRevenue: $M 493Scope 1 Intensity: 1.26 tCO2e/$MMacquarie GroupYear: 2025Scope 1: 482 tCO2eRevenue: $M 4,243Scope 1 Intensity: 0.11 tCO2e/$MBendigo and Adelaide BankYear: 2024Scope 1: 1 tCO2eRevenue: $M 1,402Scope 1 Intensity: 0.00 tCO2e/$MSuncorp GroupYear: 2025Scope 1: 2,531 tCO2eRevenue: $M 10,152Scope 1 Intensity: 0.25 tCO2e/$MWWWHSP HoldingsYear: 2024Scope 1: 8,375 tCO2eRevenue: $M 386Scope 1 Intensity: 21.72 tCO2e/$MHub24Year: 2023Scope 1: 2 tCO2eRevenue: $M 184Scope 1 Intensity: 0.01 tCO2e/$MQBE Insurance GroupYear: 2024Scope 1: 7,746 tCO2eRevenue: $M 28,796Scope 1 Intensity: 0.27 tCO2e/$MANZ Group HoldingsYear: 2024Scope 1: 5,958 tCO2eRevenue: $M 14,072Scope 1 Intensity: 0.42 tCO2e/$MEvolution MiningYear: 2024Scope 1: 225,199 tCO2eRevenue: $M 39Scope 1 Intensity: 5,839.16 tCO2e/$MCommonwealth BankYear: 2025Scope 1: 5,592 tCO2eRevenue: $M 18,866Scope 1 Intensity: 0.30 tCO2e/$MMedibankYear: 2024Scope 1: 69 tCO2eRevenue: $M 5,367Scope 1 Intensity: 0.01 tCO2e/$MZipYear: 2022Scope 1: 8 tCO2eRevenue: $M 429Scope 1 Intensity: 0.02 tCO2e/$MComputershareYear: 2024Scope 1: 3,344 tCO2eRevenue: $M 4,544Scope 1 Intensity: 0.74 tCO2e/$MChallengerYear: 2024Scope 1: 3 tCO2eRevenue: $M 426Scope 1 Intensity: 0.01 tCO2e/$MNIB HoldingsYear: 2025Scope 1: 60 tCO2eRevenue: $M 2,360Scope 1 Intensity: 0.03 tCO2e/$MASXYear: 2025Scope 1: 37 tCO2eRevenue: $M 743Scope 1 Intensity: 0.05 tCO2e/$MSteadfast GroupYear: 2024Scope 1: 704 tCO2eRevenue: $M 801Scope 1 Intensity: 0.88 tCO2e/$MInsurance Australia GroupYear: 2025Scope 1: 6,770 tCO2eRevenue: $M 9,717Scope 1 Intensity: 0.70 tCO2e/$M

How does Insurance Australia Group's GHG emissions intensity compare to its peers?

In 2025, Insurance Australia Group reported a Scope 1 emissions intensity of 0.7 tCO₂e per millions USD. Compared to the peer group median of 0.27 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Insurance Australia Group rank on GHG emissions intensity within its industry?

In 2025, Insurance Australia Group ranked 17 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Insurance Australia Group among the least efficient performers, with one of the highest emissions intensities in its sector. a

Insights into Insurance Australia Group's Total Carbon Footprint

In 2025, Insurance Australia Group reported a total carbon footprint of 38,198 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.96% decrease compared to 2024, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Insurance Australia Group's total carbon footprint was Scope 3 emissions, accounting for 50.74% of the company's total carbon footprint, followed by Scope 2 emissions at 31.53%. a

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