Hiscox
Hiscox Ltd, a leading specialist insurer, is headquartered in the United States and operates extensively across North America, Europe, and Asia. Founded in 1901, Hiscox has established a strong reputation in the insurance industry, focusing on providing tailored coverage for businesses and individuals. The company is renowned for its core products, including professional indemnity, property, and liability insurance, which are designed to meet the unique needs of various sectors. Hiscox distinguishes itself through its commitment to exceptional customer service and innovative underwriting practices. With a robust market position, Hiscox has received numerous accolades for its performance and reliability, solidifying its status as a trusted partner in the insurance landscape.
DitchCarbon Score
How does Hiscox'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
Hiscox's score of 43 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hiscox's reported carbon emissions
In 2023, Hiscox reported total carbon emissions of approximately 1,452,000 kg CO2e, which includes 408,900 kg CO2e from Scope 1 and 1,043,100 kg CO2e from Scope 2 emissions. The company also disclosed significant Scope 3 emissions, primarily from investments, amounting to 129,526,000 kg CO2e. In 2022, Hiscox's total emissions were about 2,101,100 kg CO2e, with Scope 1 emissions at 786,600 kg CO2e and Scope 2 emissions at 926,100 kg CO2e. The Scope 3 emissions for that year were reported at 9,862,000 kg CO2e. The 2021 emissions data showed a total of approximately 1,866,000 kg CO2e, with Scope 1 emissions of 677,500 kg CO2e and Scope 2 emissions of 866,200 kg CO2e, while Scope 3 emissions reached 8,458,000 kg CO2e. In 2020, Hiscox's total emissions were about 29,187,000 kg CO2e, with Scope 1 emissions at 615,200 kg CO2e, Scope 2 emissions at 1,110,700 kg CO2e, and Scope 3 emissions at 7,046,000 kg CO2e. Despite the detailed emissions reporting, Hiscox has not set specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests a need for further development in their sustainability strategy.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 615,200 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 1,110,700 | 000,000 | 000,000 | 0,000,000 |
| Scope 3 | 7,046,000 | 0,000,000 | 0,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Hiscox is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
