- Rising health costs in the private system
- Cost-of-living pressures on customers
- Challenges in accessing consultations with general practitioners (GPs) across Australia
- Impacts on private health insurance due to lowered demand from customers
- Shrinking customer base due to macroeconomic systems impacted by climate change
- Increasing investor demands to divest from high-carbon investments, combined with high regulation on insurers’ requirements
- Evolving cyber threat landscape
Medibank Private Limited
Greenhouse gas emissions & sustainability report data
In its 2023-07 to 2024-06 reporting, Medibank Private Limited disclosed greenhouse gas emissions of 20.5K tCO2e/year. By scope: Scope 1: 68.7 tCO2e/year; Scope 2: 1.3K tCO2e/year; Scope 3: 19.1K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
20.5K tCO2e/year
2023-07 to 2024-06
Renewable Energy
64%
of total energy
Water Usage
3.5 ML/year
2023-07 to 2024-06
Waste
185.0 tons/year
2023-07 to 2024-06
Energy Use
6.0K MWh/year
2023-07 to 2024-06
📊 Emissions by Scope (2023-07 to 2024-06)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 68.7 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.3K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 19.1K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023-07 to 2024-06 | 20.5K tCO2e/year |
| 2022-07 to 2023-06 | 19.4K tCO2e/year |
| 2021-07 to 2022-06 | 15.4K tCO2e/year |
| 2020-07 to 2021-06 | 15.7K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 64% renewable electricity at 30 June 2024
- Life Cycle Analysis of Better Knee, Better Me program completed
- Certified carbon neutral under the Australian Government’s Climate Active program for our business operations’ Scope 1, 2 and 3 emissions
- Roadmap to meet future Australian Sustainability Reporting Standards developed
🎯 Climate & Sustainability Targets
🔜 Short-term
- Net Zero against Scope 1 and 2 emissions by the end of FY25
📅 Medium-term
- 50% reduction in Scope 3 emissions by the end of FY30 (from our FY21 base year)
🔭 Long-term
- Net Zero across our Scope 3 emissions and offset residual emissions with removals by 2040
🌱 ESG Focus Areas
Customer healthEmployee healthCommunity healthEnvironmental healthGovernance