Medibank Private Ltd

Common Name
Medibank
Country
Australia
Sector
Financial Services
Industry
Insurance - Specialty
Employees
3,220
Ticker
MPL
Exchange
ASX
Description
Medibank Private Ltd. is a leading private health insurance provider based in Australia. Its primary function is to offer an array of health insurance products and services tailored to meet the divers...

Medibank's Climate Target Data Preview

As of 2024, Medibank has disclosed 1 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target, 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 Medibank ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 3 - Total Upstream (Cat. 1+2+3+4+5+6+7+8), Scope 3 - Downstream Transportation and Distribution (Cat. 9), Scope 3 - Downstream Leased Assets (Cat. 13)
Metric Tonnes of CO2 equivalent (mtCO2e)
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2030

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Insights into Medibank's Greenhouse Gas Emissions Pathways

As of 2024, Medibank has set greenhouse gas (GHG) emissions reduction targets that cover its value chain emissions (Scope 3), without dedicated targets for its operational emissions. This indicates a focus on upstream and downstream climate impacts rather than internal operations.

Does Medibank have a target to reduce the emissions from its value chain?

As of 2024, Medibank has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 3 out of the 15 Scope 3 categories defined by the GHG Protocol.

Medibank's most ambitious value chain target is to reduce these emissions by 50% by 2030, compared to a baseline of 13,385.2 Metric Tonnes of CO2 equivalent (mtCO2e) in 2021.

Instead of reducing value chain emissions, Medibank has increased them, with 2024 levels exceeding those of the 2021 baseline, placing the company well behind its reduction target.

Medibank's Value Chain (Scope 3) Emissions Pathway

20212024203006 k12 k18 k24 kBaselineCurrent (+72%)Target 2030 (-50%)
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