Hiscox Sustainability Profile
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 58 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hiscox's reported carbon emissions
In 2024, Hiscox reported total carbon emissions of approximately 24.2 million kg CO2e. This figure includes Scope 1 emissions of about 549,400 kg CO2e, Scope 2 emissions of approximately 1,029,400 kg CO2e, and Scope 3 emissions amounting to around 22.6 million kg CO2e. The company has set ambitious targets to reduce its Scope 1 and 2 emissions by 50% by 2030, using a 2020 adjusted baseline as a reference point. In 2023, Hiscox's total emissions were approximately 25.9 million kg CO2e, with Scope 1 emissions at about 408,900 kg CO2e, Scope 2 emissions of approximately 1,043,100 kg CO2e, and Scope 3 emissions reaching around 24.5 million kg CO2e. This indicates a slight decrease in total emissions from 2023 to 2024. Hiscox's commitment to reducing its carbon footprint aligns with industry standards and reflects a proactive approach to climate change. The company is focused on enhancing its sustainability practices and achieving its reduction targets within the specified timeframe.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 446,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 1,916,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 4,906,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Hiscox's Industry?
How Carbon Intensive is Hiscox's Location?
Hiscox'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.
Hiscox 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.
