HCC Insurance Holdings, Inc. Sustainability Profile
HCC Insurance Holdings, Inc., commonly referred to as HCC, is a prominent player in the global insurance industry, headquartered in the United States. Founded in 1974, the company has established a strong presence in various operational regions, including North America, Europe, and Asia. HCC specialises in a diverse range of insurance products, including property and casualty, professional liability, and specialty insurance, setting itself apart with tailored solutions that meet the unique needs of its clients. With a commitment to innovation and customer service, HCC has achieved significant milestones, including consistent growth and expansion into new markets. The company is recognised for its robust financial strength and stability, positioning it as a trusted partner in the insurance sector. HCC Insurance Holdings continues to uphold its reputation for excellence, making it a key player in the evolving landscape of global insurance.
DitchCarbon Score
How does HCC Insurance Holdings, Inc.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
HCC Insurance Holdings, Inc.'s score of 82 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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HCC Insurance Holdings, Inc., headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of Tokio Marine Holdings, Inc., which means that any climate commitments or emissions data may be inherited from its parent organisation. HCC Insurance Holdings has not established its own reduction targets or climate pledges. However, it is important to note that the climate initiatives and performance metrics may be influenced by the broader sustainability strategies of Tokio Marine Holdings, Inc. This includes potential commitments to the Science Based Targets initiative (SBTi) and participation in the Carbon Disclosure Project (CDP), both of which are cascaded down from Tokio Marine at a corporate family level. As a subsidiary, HCC Insurance Holdings may align its climate strategies with those of Tokio Marine, which is known for its commitment to reducing carbon emissions and enhancing sustainability practices across its operations. However, specific details regarding HCC's individual targets or achievements in emissions reduction remain unspecified.
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| 2010 | 2011 | 2012 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 17,231,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 52,147,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 4,314,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is HCC Insurance Holdings, Inc.'s Industry?
How Carbon Intensive is HCC Insurance Holdings, Inc.'s Location?
HCC Insurance Holdings, Inc.'s Scope 3 Categories Breakdown
HCC Insurance Holdings, Inc.'s Scope 3 emissions, which increased by 7% last year and increased by approximately 538% since 2010, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 39% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 34% of Scope 3 emissions.
Top Scope 3 Categories
HCC Insurance Holdings, Inc.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
HCC Insurance Holdings, Inc. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
